Technical Trading Exercise (Pavilion103 and tech/a) Discussion

[pavilion103]

They are the setups for pyramiding the trade (adding to our position).

 

[debtfree]

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

They are the setups for pyramiding the trade (adding to our position).

I thought that's what it was about but thought I'd check rather than be in doubt, thanks Pav.

 

[tech/a]

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

Nothing coming up on scans.
So we are in cash with the exercise.
When we have some some for the watch list
I'll post them up.

No continuation patterns.

 

[skc]

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

Nothing coming up on scans.
So we are in cash with the exercise.
When we have some some for the watch list
I'll post them up.

No continuation patterns.

When you calculate your annual % return when are you going to make your start date?

Date of first trade?

Or date when you started this thread / exercise?

 

[tech/a]

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

When you calculate your annual % return when are you going to make your start date?

Date of first trade?

Or date when you started this thread / exercise?

Does it matter?

Being out of the market is a position---in my view.

 

[tech/a]

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

Does it matter?

Being out of the market is a position---in my view.

Actually I'm happy to start again.
One thing I go on about is most traders are under capitalized.
This was clear to Pav and I during the exercise.
The ideal MINIMUM start up Capital in my view would be $50K
with a capability of trading on Margin where necessary. This
will allow a greater opportunity with Pyramiding and portfolio
sizing.

IB (which both Pav and I use) offer 2:1 so

I'm happy to reset using an ideal capital base if that's what people would like to see?

Ive also come up with a way to display the trades Real time without concern that
they could be seen as advice.

See below

Just as an example ill put more info on the ones offered up.



A week after the trade is taken or if it is closed in that time
Ill disclose the code.

 

[satanoperca]

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

Does it matter?

Being out of the market is a position---in my view.

This was a position that took me a while to digest and implement. It has resulted in staying profitable.

As you have stated, all that matters is making profit.

Thanks for you dedication in providing insightful information in this thread and many others.

 

[CanOz]

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

Tech, can you explain how much ofthe account you are risking in each trade, how often do you update that if you are compounding, how you use the marginetc...?

Cheers,



CanOz

 

[fiftyeight]

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

Can I go back to the real basic stuff, could you give a brief description of what each of the 3 lines are and why they were places where they are?

Cheers

 

[skc]

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

Does it matter?

Being out of the market is a position---in my view.

Say your nominated start date is 1 May 2013. The market stays bearish and you have no trade until 1 Nov 2013. Then you start trading and by 30 April 2014, you've made say $15k on your $100k capital.

Your return for the year based on nominated start date would be 15%.

But if you use the start date as your first trade on 1 Nov, your return of 15% is achieved over 6 months instead of 12 months.

It's mostly academic but just wondering how you plan to deal with it.

 

[tech/a]

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

This was a position that took me a while to digest and implement. It has resulted in staying profitable.

As you have stated, all that matters is making profit.

Thanks for you dedication in providing insightful information in this thread and many others.

Cheers

Tech, can you explain how much ofthe account you are risking in each trade, how often do you update that if you are compounding, how you use the marginetc...?

Cheers,



CanOz

Yes I will be doing that and more when we get going.
But basically we let the market disctate taking another position/Raising stops both initial and trailing.
Margin will be determined on the Risk calculation V shares that can be purchsed.
Best to wait for a real case to discuss.

Can I go back to the real basic stuff, could you give a brief description of what each of the 3 lines are and why they were places where they are?

Cheers

Yes thats my intention.

Say your nominated start date is 1 May 2013. The market stays bearish and you have no trade until 1 Nov 2013. Then you start trading and by 30 April 2014, you've made say $15k on your $100k capital.

Your return for the year based on nominated start date would be 15%.

But if you use the start date as your first trade on 1 Nov, your return of 15% is achieved over 6 months instead of 12 months.

It's mostly academic but just wondering how you plan to deal with it.

Yes understand if that did happen then that would be a characteristic of this type of trading (Continuation patterns).
Happy to re set it now seeing we are flat.
If Pav doesnt have an issue with it as we are in the middle of the exercise we started and it will take 6 mths for him to evaluate 6 mths of results.

Or we can simply see the result now and deduct that from any future result.
More to the exercise than just profit---although that is the ultimate aim.

 

[CanOz]

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

Maybe i asked this before...but are you guys trading short as well as long?

 

[tech/a]

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

Maybe i asked this before...but are you guys trading short as well as long?

No

Futures of course yes.
We are trading FTSE in the meantime
both long and short.

 

[pavilion103]

Maybe i asked this before...but are you guys trading short as well as long?

We have only taken longs in this portfolio. Been looking at futures indexes for short trades.

Maybe Tech can elaborate on the fact that we've only traded long. I haven't discussed this with him in any detail tbh.

 

[pavilion103]

No

Futures of course yes.
We are trading FTSE in the meantime
both long and short.

Well there is the quick response. Ignore my post.

I've taken a few shirts myself but not as part of this exercise.

 

[tech/a]

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

Well there is the quick response. Ignore my post.

I've taken a few shirts myself but not as part of this exercise.

Were the trades that bad!!

 

[CanOz]

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

Were the trades that bad!!

No need to steal any shirts!

I guess it makes sense to trade the long side well before one trades the short side...timing can be tricky too...instead of getting whipped around with long you get whipped around long and short and lose twice...that was a hard lesson for me when i first started swing trading.

CanOz

 

[pavilion103]

Were the trades that bad!!

I must have typed in 10 contracts on the FTSE accidentally instead of 1.

 

[tech/a]

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

No need to steal any shirts!

I guess it makes sense to trade the long side well before one trades the short side...timing can be tricky too...instead of getting whipped around with long you get whipped around long and short and lose twice...that was a hard lesson for me when i first started swing trading.

CanOz

Try trading a position trade short and at the same time short term (a few minutes) trades long.
Get your head around that!

 

[CanOz]

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

Try trading a position trade short and at the same time short term (a few minutes) trades long.
Get your head around that!

Yeah, tricky with your broker too...