Storm at Sea

Captain_Chaza · 11 September 2022

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 · 14 September 2022

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 · 14 September 2022

Captain_Chaza said:
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 · 14 September 2022

InsvestoBoy said:
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 · 14 September 2022

Captain_Chaza said:
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 · 14 September 2022

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

Captain_Chaza · 14 September 2022

InsvestoBoy said:
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 · 14 September 2022

InsvestoBoy said:
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 · 14 September 2022

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 · 25 September 2022

GOLD stays her Course SOUTH as the Storm deepens

The US Dollar Goes Parabolic

InsvestoBoy said:
Patience is Everything as June 16 Lows are breached

Captain_Chaza · 25 September 2022

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 · 27 September 2022

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 · 29 September 2022

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 · 29 September 2022

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

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

eskys · 29 September 2022

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 · 29 September 2022

eskys said:
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 · 29 September 2022

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 · 29 September 2022

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 · 29 September 2022

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

Captain_Chaza · 29 September 2022

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

Storm at Sea

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