Technical Trading Exercise (Pavilion103 and tech/a) Discussion

[qldfrog]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Thanks a lot

 

[debtfree]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Good Morning Tech,

Is there any chance you can put a number on each live chart that becomes active so if we have a question we can refer to the numbered chart. I'm also printing them out each time there is a change.

Thanks for any consideration.

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Good Morning Tech,

Is there any chance you can put a number on each live chart that becomes active so if we have a question we can refer to the numbered chart. I'm also printing them out each time there is a change.

Thanks for any consideration.

As each chart is either stopped or reaches a week Ill place up the chart and code and entry exit details.
In the meantime ill allocate a number to each.
Will put up this weeks when Joe unlocks the thread.
Later this afternoon.
PAV should have the spreadsheet in a few days.

 

[debtfree]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

As each chart is either stopped or reaches a week Ill place up the chart and code and entry exit details.
In the meantime ill allocate a number to each.
Will put up this weeks when Joe unlocks the thread.
Later this afternoon.
PAV should have the spreadsheet in a few days.

Excellent, thanks Tech appreciate that.

 

[debtfree]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech - Just seen your update with all the charts in the lock thread.

Thanks for the time and effort put in by yourself and Pav, very good of you both.

 

[kid hustlr]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Very informative boys.

How quickly did FLT turn around!

 

[skc]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech/a, what's the plan for the upcoming reporting season with this exercise? Continue to trade through it or stand aside?

P.S. It seems that the link on the bottom of your locked thread went to the ASF homepage instead of this thread.

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Trade as normal
Thanks I'll make sure the
Correct one is up next time.

 

[Lone Wolf]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech,

In another thread you mentioned one of your rules - always exit next open after a pivot point reversal bar. Are you using any rules like this for this exercise? Or are you just using an aggressive stop and letting the market take you out?

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech,

In another thread you mentioned one of your rules - always exit next open after a pivot point reversal bar. Are you using any rules like this for this exercise? Or are you just using an aggressive stop and letting the market take you out?

TRG ---Little volume so watching
TGG--- little range but volume so moved stop up.
8---Close just below Previous bar But strong volume The one with greatest risk.Will be watching carefully
but wont move stop just yet.

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

I've not introduced any trades into the exercise yet
based around this setup.
I'm seeing quite a few so thought Id post it up for discussion with 4 charts which have gone on with it.



I call it a volume exhaustion resistance/support set up.
Where we see clear very high volume exhaustion which acts as resistance.(A down Bar)
Often followed by a very high volume up bar showing renewed support.
This bar acts as support and is generally an up bar.
MML and NST are examples of a 2 bar setup and RSG SLR are more subtle as they rise.

You can see here in hind site some good entry opportunities and as we find some more will introduce some to the exercise.

 

[debtfree]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Pav - Thanks for the spreadsheet containing the trades.

Is there a reason for 2 Trade Managers in the 1 sheet?

 

[pavilion103]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Pav - Thanks for the spreadsheet containing the trades.

Is there a reason for 2 Trade Managers in the 1 sheet?

Only because I put the window in so you can still have all the headings at the top as you scroll down as we get more trades on the sheet.

Leave the top window as it is, and scroll down the bottom window.

 

[Country Lad]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

tech, because of the way the market has gone there are many more with similar patterns such as PDZ, DRM, CPL and many of these, like yours have risen through the Guppy Countback line in the last few days. Some are tiny double bottoms.

I am in 2 minds whether they mean anything or not as in all cases they are accompanied by a high SIROC. I have found that in the past these run out of puff, however this is not a reason they won't go on with it.

Cheers
Country Lad

Edit: added last para

 

[pavilion103]

Another for people to look at is DTE using the original approach.

I took this one myself. Entry 19/7 stop now at BE. Looks like a breakaway gap.

 

[debtfree]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Only because I put the window in so you can still have all the headings at the top as you scroll down as we get more trades on the sheet.

Leave the top window as it is, and scroll down the bottom window.

Thanks Pav, I see where you're coming from now.

 

[Country Lad]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

I've not introduced any trades into the exercise yet
based around this setup.

You can see here in hind site some good entry opportunities and as we find some more will introduce some to the exercise.

Another oone with similar pattern I entered yesterday is EVR.

Cheers
Country Lad

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Yes
PAV pointed out DTE.

While I agree that they can run out of puff all good moves start from a reversal
and a lot of good ones from a consolidation.
There are criteria to watch for

(1) Clear Exhaustion Volume and very heavy relative to surrounding volume
(2) A low being made and tested.
(3) A clear break through the "Zone" of Heavy Volume exhaustion.
(4) Often and preferable a clear high volume buying bar.(Demand)
(5) Tests being supported.
(6) The chapter in this book showing a clear return to demand.

C/L as you say many have now broken away and it is THESE which I expect to supply some good Continuation patterns as wave 3s ---emerge--continue!

From here management of trades will determine profit over the long term.
Another reason to feel optimistic going forward. (Seeing lots of effort to rise in lots of charts).

 

[pavilion103]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

TRG has gapped down this morning.

Opened at $8.01, stop was BE at $8.06.

So a bit of slippage there. This one had such a wide spread. I was a little concerned.


ALL also taken out this morning.

 

[tech/a]

Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

TRG has gapped down this morning.

Opened at $8.01, stop was BE at $8.06.

So a bit of slippage there. This one had such a wide spread. I was a little concerned.


ALL also taken out this morning.

Nothing like a drawdown to kick things off.

TRG also only traded 3000
so take the lowest of the next trades to close us out of this.