Time to trade

[beaul]

By the general look at the home page of Aussie Stock forums and the level of chat, there is not a lot of opportunities for sucessfull trading out there at the moment.

What do other traders use as an sign that the market is about to change.

I go through a random list of 20 shares on my general list, every day.
If 50% are rising, over two days,
I trade, if not, I give it a miss.

 

[wayneL]

If Cramer thinks the world is about to end, I buy with ears pinned back.

 

[Trembling Hand]

I go through a random list of 20 shares on my general list, every day.
If 50% are rising, over two days,
I trade, if not, I give it a miss.

Thats a woeful trigger IMO. Have you in any way tested this idea? My bet is if your time frame is short term (1 - 10 days) you would be better looking at 2 day falls for a trigger. If its longer term trading (over a month) then your trigger is truly random.

 

[beaul]

Yes,
My trading time frame is 1-14 days.
It is a bit conservative, but safe.
I don't trade on stocks that have already moved up.
I place a rising buy on potential stocks.

Two falls in a row since late January would have been disasterous, IMO

What is your method of deciding whether the market is bullish?

 

[Trembling Hand]

I haven't the time this weekend to test it but I'm pretty sure I have data confirming that a 2 day rise in market breadth is not a positive signal for the following 1-5 days.

Are you saying you have tested this and it confirmed its "conservative, but safe."

 

[beaul]

At the moment "my time to trade" system is telling me to not go anywhere near the market for "my range of selected stocks" ????

"Trembling hand" we all respect your advice, OK.
However your style of delivery is very negative and I am not the only member of this forum who feels you ought to "get a life".

I agree with your general thrust that Trading is not as easy as most people think. (any would be traders need to know that)
However the idea of this forum is to help one another and NOT to put other people down.
Which is what YOU do, without knowing the facts.
You are too quick to jump on the negative.
IMO

 

[Trembling Hand]

"Trembling hand" we all respect your advice, OK.
However your style of delivery is very negative and I am not the only member of this forum who feels you ought to "get a life".

However the idea of this forum is to help one another and NOT to put other people down.
Which is what YOU do, without knowing the facts.
You are too quick to jump on the negative.
IMO

Just LOL. Buddy you have the most fragile ego I have even come across.

Here is a bunch of roses to heal your broken heart



now for me its beer O'clock followed by my usual grinding children's bones, stealing from the handicapped, bashing the homeless and pointing out nonsense wherever it is.

 

[nunthewiser]

I removed my previous post as obviously was a waste of my time trying to point out the bleedin obvious.

Good luck with that method champ, no point trying to discuss its pitfalls tho as ya might get upset with the manner used.

 

[Pivotonian]

At the moment "my time to trade" system is telling me to not go anywhere near the market for "my range of selected stocks" ????

"Trembling hand" we all respect your advice, OK.
However your style of delivery is very negative and I am not the only member of this forum who feels you ought to "get a life".

I agree with your general thrust that Trading is not as easy as most people think. (any would be traders need to know that)
However the idea of this forum is to help one another and NOT to put other people down.
Which is what YOU do, without knowing the facts.
You are too quick to jump on the negative.
IMO

Are you serious? Someone merely questions your premise and you launch straight into a personal attack?

You are the one who ought to "get a life", my friend.

 

[newbie trader]

LOL, I thought TH was being quite nice and trying to help you out!

 

[SuperGlue]

By the general look at the home page of Aussie Stock forums and the level of chat, there is not a lot of opportunities for sucessfull trading out there at the moment.

What do other traders use as an sign that the market is about to change.

I go through a random list of 20 shares on my general list, every day.
If 50% are rising, over two days,
I trade, if not, I give it a miss.

A higher low with a stop loss ( of course use other indicators too, to assist whether the trend will continue) on the day or weekly chart., depending on your trading time frame.
This is my preferred method & also flipping through a number charts to see the general trend of the market.

A pull back ( as mentioned earlier) on an uptrend/downtrend, ie. futures long/short. Be a little cautious trend has mature.

Please DYOR It is easy looking at the past charts, the future is a bit harder.

Please ignore the crosshair.

 

[Space Invader101]

By the general look at the home page of Aussie Stock forums and the level of chat, there is not a lot of opportunities for sucessfull trading out there at the moment.

What do other traders use as an sign that the market is about to change.

I go through a random list of 20 shares on my general list, every day.
If 50% are rising, over two days,
I trade, if not, I give it a miss.

Just out of curiosity, which 20 stocks are your referring to? That seems a bit limited to me. If you're referring to the ASX20, most of those stocks are in the finance sector which doesn't allow you to see how other sectors performing.

I look at indexes: Dow Jones (15-minute, Daily), FTSE (15-minute), ASX200 (15-minute, weekly/daily) for guidance. Stock markets are interlinked. The Dow still has a big influence on international markets. (I only look at the FTSE100 from 7AM-4:30PM London time. LSE opens 8AM).

Daily charts suggest the Dow is turning up. According to Reuters, the drop from about 11000 to 10000 was from a hedge fund dumping futures contracts, not the European debt crisis.

The big concern in Aussie markets is the proposed 40% mining tax. Traders hate uncertainty. I heard on Yahoo news that Rudd wants an election this year.

I'm looking at ASX200 stocks that are NOT in mining, with exception of gold stocks. I'm also avoiding infrastructure stocks linked to mining. I'm looking selectivily at consumer discretionary and A-REIT's at the moment.