Storm at Sea

[Captain_Chaza]

Sailing for INDUSTRIAL METALS
Ahoy Brave and Loyal Crew
Hoist at dawn on the open in Alphabetical Order

Sailing the IGO ____________ One Day at a Time


Sailing the PNN --------------One Day at a time


Sailing the PNM-------------One Day at a Time


Sailing the WIN -----------One Day at a Time

 

[Captain_Chaza]

Ahoy Brave and Loyal Crew

"Stay the Course" It does not look good
We had no choice this morning
All Stop Loss Orders would have failed with the Gigantic Gaps Down

I have always found that TECHNICAL STOP LOSSES don't work when you need them the most
They just can't handle Massive Down Gaps on the open
and Massive Up Gaps in good times

Crikey!
I don't know how any Mechanical System/ Formulae can Operate with large GAPS
in either direction on the open

In my mind if all the Mechanical Statistics don't cover LARGE GAPS in either direction I think they should be thrown overboard without hesitation

The only solution as I see it is to Claim the Trade or Trades were a Medium Term Investment and maybe even a Long Term investment if the situation gets worse
and say "I Never Lose"



Surprisingly ,
Our Industrial Metals have held up relatively well today
Well done, Brave and Loyal Crew

 

[InsvestoBoy]

Ahoy Brave and Loyal Crew

"Stay the Course" It does not look good
We had no choice this morning
All Stop Loss Orders would have failed with the Gigantic Gaps Down

I have always found that TECHNICAL STOP LOSSES don't work when you need them the most
They just can't handle Massive Down Gaps on the open
and Massive Up Gaps in good times

Crikey!
I don't know how any Mechanical System/ Formulae can Operate with large GAPS
in either direction on the open

In my mind if all the Mechanical Statistics don't cover LARGE GAPS in either direction I think they should be thrown overboard without hesitation

The problem (at least for IEF that you have the chart up for there) is you are charting an asset for what is effectively just 6.5 hours/5 days of a 24 hour/5.5-6 day trading session in ZN futures.

The stoploss would have worked fine on ZN, there wouldn't be those gaps.

 

[Captain_Chaza]

The problem (at least for IEF that you have the chart up for there) is you are charting an asset for what is effectively just 6.5 hours/5 days of a 24 hour/5.5-6 day trading session in ZN futures.

The stoploss would have worked fine on ZN, there wouldn't be those gaps.

PLEASE!
Show me where any Realistic Stop Loss would have worked TODAY on any share on the ASX

I wait with much anticipation!

 

[InsvestoBoy]

PLEASE!
Show me where any Realistic Stop Loss would have worked TODAY on any share on the ASX

I wait with much anticipation!
View attachment 146825

uh...that wasn't what I was saying at all, but fine:

The below chart plots the ratio between

• the absolute value of the open price minus yesterdays close, vs
• the 14 day ATR

Note, that's just 1ATR. Not 2ATR, or 3ATR. A very "tight stop".

Any value less than 1 would have "worked"...

Here's that ratio for BHP, one of the largest companies on the ASX, with a helpful green line to show you where you are wrong.




What do I win

 

[InsvestoBoy]

Also, FWIW, to my actual point, here is the SPI futures which trade 23/6, you will note: no gap

 

[Captain_Chaza]

Also, FWIW, to my actual point, here is the SPI futures which trade 23/6, you will note: no gap

View attachment 146828

Please
Only show ASX Shares performance today

All I am saying is 3% - 4% Gaps on the DOW and Co overnite crucify all Backtesting results here in Australia
They only work in Cinderella days and years like 2020 and 2021 for example

All I am saying is "They are all Broken Now, Again"

 

[Captain_Chaza]

uh...that wasn't what I was saying at all, but fine:

The below chart plots the ratio between

• the absolute value of the open price minus yesterdays close, vs
• the 14 day ATR

Note, that's just 1ATR. Not 2ATR, or 3ATR. A very "tight stop".

Any value less than 1 would have "worked"...

Here's that ratio for BHP, one of the largest companies on the ASX, with a helpful green line to show you where you are wrong.

View attachment 146827


What do I win

NO!

 

[Captain_Chaza]

Ahoy Brave and Loyal Crew
Sometimes you can get Lucky at sea

On Sunday I ordered hoisting the Storm Sail PNN at dawn Monday
On Monday morning she went into Trading Halt but opened this morning (WED) at a huge discount of 0.605c
______Closed Today at 0.72c

IE: +20% in the middle of a Storm
I wish the rest were as Lucky

Sailing the PNN ----One Day at a Time

 

[Captain_Chaza]

GOLD stays her Course SOUTH as the Storm deepens


The US Dollar Goes Parabolic

Patience is Everything as June 16 Lows are breached

​

 

[Captain_Chaza]

The Storm at Sea on the S&P 500 Deepens

METALS & MINING CLASSIFICATION


ENERGY CLASSIFICATION


INDUSTRIAL CLASSIFICATION


TECHNOLOGY CLASSIFICATION


FINANCIAL CLASSIFICATION


HEALTHCARE CLASSIFICATION


REAL ESTATE CLASSIFICATION

​

COMMUNICATIONS CLASSIFICATION


CONSUMER STAPLES CLASSIFICATION


UTILITIES CLASSIFICATION


CONSUMER DISC. CLASSIFICATION


NB: Safety at Sea is Paramount

 

[Captain_Chaza]

Sailing for Industrial Metals-------------One Day at a Time
Is Very Difficult Without the Strong Winds of The Hang Seng at your back

Sailing for COPPER ...........................One Day at a time
Is the same as above "Very Difficult"

That is unless The Yanks do something
MIRACULOUS! Overnite or Whenever

 

[Captain_Chaza]

What a surprise!
The Miracle came from LONDON overnight
and has hit The ASX and has now hit our all important Hang Seng on the Open

Surveying the Hang Seng Index
........5 Minutes at a Time over the last 2 days

 

[eskys]

So, what's in it for us, Captain? Tail wind?

Wondering if other Central Banks will follow UK's lead?

 

[eskys]

I don't know how to read this multi coloured chart. Hang Seng is only up 1% at the moment. Looks like she's losing steam..........

 

[Captain_Chaza]

So, what's in it for us, Captain? Tail wind?

Wondering if other Central Banks will follow UK's lead?

I think we need a lot more miracle
Particularly, this Afternoon and Tomorrow

Sailing for Australian Dollars ....... 5 minutes at a Time

 

[eskys]

Our dollar went up last night because the greenback took a hit. As you've pointed out, it's back below 65 cents.

Never know, before long a copy cat may emerge in the not so distant future (UK style) Will that be a miracle then, I wonder.

 

[Captain_Chaza]

Looks like another Wind shift
Run for shelter again
Sailing the HSI ......5 minutes at a time

Sailing For Aussie Dollars .........5 Minutes at a Time

 

[eskys]

She's lost it, from green to red. Also, pre dow same colour.......

 

[Captain_Chaza]

Ahoy Brave and Loyal Crew
You must all admit that
" Sailing the Global Exchanges " is the Greatest Spectator Sport of Them All
Especially if you have a few Dollars invested on an outcome


NB; All gambling disclaimers apply to this Sport as any other