Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Would you elaborate on this please Tech?
Would you elaborate on this please Tech?
Technical Trading Exercise (Pavilion103 and tech/a) Discussion
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tech/a
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Dont know what there is to elaborate on.
IB doesnt allow for shorting ASX stocks
so its a long only trading method.
Ive never traded stock short in 20 yrs.
If I want to trade short I trade Futures.
Dont know what there is to elaborate on.
IB doesnt allow for shorting ASX stocks
so its a long only trading method.
Ive never traded stock short in 20 yrs.
If I want to trade short I trade Futures.
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Yes it does? I'm short SXL at the moment!
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
That explains it!
Thanks for the heads-up Tech.
That explains it!
Thanks for the heads-up Tech.
CanOz
Home runs feel good, but base hits pay bills!
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tech/a
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Always tells me its looking for stock.
Never been able to get on yet.
Always tells me its looking for stock.
Never been able to get on yet.
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Any chance of posting a chart and sharing your thoughs on this SXL short trade?
Any chance of posting a chart and sharing your thoughs on this SXL short trade?
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
DMA CFD's are an alternative to IB.
DMA CFD's are an alternative to IB.
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
I'm no expert on shorts. In fact, I've done very few so far. So although I could give me thoughts in the SXL thread, they probably aren't as valuable as you may think. I'm spending a bit of time learning this at the moment.
Much more valuable are my charts of longs. Even more valuable are Tech's charts that will be presented in this exercise.
There will be plenty to learn from them. I know everyone is looking forward to it.
I'm no expert on shorts. In fact, I've done very few so far. So although I could give me thoughts in the SXL thread, they probably aren't as valuable as you may think. I'm spending a bit of time learning this at the moment.
Much more valuable are my charts of longs. Even more valuable are Tech's charts that will be presented in this exercise.
There will be plenty to learn from them. I know everyone is looking forward to it.
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Tech
Momentum stocks for a watch list.
What is your requirement, is there a certain upward percentage move like say, 20% rise over a short period of time?
A shorter Moving Average above say a 50 day MA?
And what makes you throw some out -
Low volume? What is the minimum volume criteria you require?
What else bring these candidates to your attention?
Cheers ... Debtfree
Tech
Momentum stocks for a watch list.
What is your requirement, is there a certain upward percentage move like say, 20% rise over a short period of time?
A shorter Moving Average above say a 50 day MA?
And what makes you throw some out -
Low volume? What is the minimum volume criteria you require?
What else bring these candidates to your attention?
Cheers ... Debtfree
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
I noticed CanOz posted a scan he found in another thread and suggested that other people could post some up with no response.
Are scans one of things that are kept secret?
Cheers
I noticed CanOz posted a scan he found in another thread and suggested that other people could post some up with no response.
Are scans one of things that are kept secret?
Cheers
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
No I don't think they are a secret but if we knew what to input into a scan so we can isolate these momentum stocks might get us off to a flying start.
I know Tech uses Yahoo to find biggest gains for the day, no secret there but for all other scans not quite sure how he and Pav construct them to build their watch list without going through each stock individually.
No I don't think they are a secret but if we knew what to input into a scan so we can isolate these momentum stocks might get us off to a flying start.
I know Tech uses Yahoo to find biggest gains for the day, no secret there but for all other scans not quite sure how he and Pav construct them to build their watch list without going through each stock individually.
tech/a
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Firstly you need software to programme in a search.
I can post up some Metastock scans and I'm sure someone can convert them to Amibroker.
The trick for finding patterns ( well my trick ) is to have a search you like with a 5 day alert look back period.
Take a breakout search --- micro patterns will appear in --- up to--- 5 days later.
As one is emerging you place it in your watch list.
The other searches are proprietary which Tradeguider and Advanced Get have in their softwares.
So can't give them to you.
Firstly you need software to programme in a search.
I can post up some Metastock scans and I'm sure someone can convert them to Amibroker.
The trick for finding patterns ( well my trick ) is to have a search you like with a 5 day alert look back period.
Take a breakout search --- micro patterns will appear in --- up to--- 5 days later.
As one is emerging you place it in your watch list.
The other searches are proprietary which Tradeguider and Advanced Get have in their softwares.
So can't give them to you.
tech/a
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Sorry just saw this.
I'll answer in detail later when I have some more time.
Sorry just saw this.
I'll answer in detail later when I have some more time.
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Tech, can we touch on the minimum volume needed to make a stock ok to put into our watchlist.
Should we be looking at just volume (number of shares) or volume $$ (number of shares x price of shares)
Also many thanks Tech / Pav / Canoz and many others for your posts in other threads, very helpful and many apply to this thread as well.
Tech, can we touch on the minimum volume needed to make a stock ok to put into our watchlist.
Should we be looking at just volume (number of shares) or volume $$ (number of shares x price of shares)
Also many thanks Tech / Pav / Canoz and many others for your posts in other threads, very helpful and many apply to this thread as well.
tech/a
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Been very tardy!
I like to use a filter of $300k minimum turnover
Many of my searches have $500k as the filter. Based on a 10 day average.
You need enough liquidity to see crowd behavior in a chart.
If it's too thin you won't see patterns that are reliable.
They don't make the watch list unless a potential momentum pattern is evident or emerging.
Been very tardy!
I like to use a filter of $300k minimum turnover
Many of my searches have $500k as the filter. Based on a 10 day average.
You need enough liquidity to see crowd behavior in a chart.
If it's too thin you won't see patterns that are reliable.
They don't make the watch list unless a potential momentum pattern is evident or emerging.
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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Excellent, that makes sense. Thanks Tech
Excellent, that makes sense. Thanks Tech
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