Forum: Indices
Apr 14, 2013, 5:41am
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Replies: 307
Views: 11,756 Re: Anyone shorting the Dow Jones? pt 2
Where is the TA to justify shorting the Dow? (not thinking about doing it, doing it)
Where was the TA to support shorting the Dow when we were 1200pts lower at the start of this thread?
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Forum: Trading Journals
Mar 22, 2013, 6:39am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
Promised myself last year I would stop contributing until I had achieved 6 consecutive profitable months. If a trader can't do that, who is he to tell other people how to do it right?
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Forum: Trading Journals
Mar 22, 2013, 4:42am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
I agree with D70: unless financially impossible, continue to trade your strategy regardless of expected news, and let the strategy take account of the market's reaction to news.
I am sceptical re...
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Forum: The Foyer
Mar 19, 2013, 8:33am
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Replies: 4
Views: 182 Re: Sound Familiar?
This parable's to do with guessing what the weight of the ox is now, not what it will be at some later moment in time.
My guess is that most of us, if trying to guess what its wight will be later...
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Forum: Indices
Mar 16, 2013, 7:43pm
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Replies: 307
Views: 11,756 Re: Anyone shorting the Dow Jones? pt 2
Eventually the indices might collapse, but there is no evidence yet that is strong enough for opening a short. Just the same as there wasn't when this thread was started, and the Dow was 800 points...
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Forum: Indices
Mar 15, 2013, 11:06am
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Replies: 307
Views: 11,756 Re: Anyone shorting the Dow Jones? pt 2
Lee - I guess you're running a sustainable trading strategy, you've been around here a long time. But I feel sure that a true contrarian position is based on visible supportive evidence, it isn't...
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Forum: Indices
Mar 15, 2013, 8:40am
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Replies: 307
Views: 11,756 |
Forum: Trading Journals
Mar 4, 2013, 10:20am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
Yes, if I remember correctly, that was one of his points, even a good strategy could deliver 20 straight losses, hence the importance of money management.
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Forum: Trading Journals
Mar 4, 2013, 9:11am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
jon - Makes sense. Also it brings back a distant memory of Mark Douglas's views on trading psychology - did he not suggest it was futile to change your trading plan unless it had generated 20 losses...
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Forum: Trading Journals
Mar 4, 2013, 7:28am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
China - I take account of trade outcomes in the month in which the trade closes. Anything before the exit is just unrealised potential profit / potential loss.
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Forum: Forex
Mar 2, 2013, 7:07am
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Replies: 1,131
Views: 101,598 Re: GBP/USD Breakout
I suspect Claudia has gone off to find a more dependable strategy.
Opening Range Breakout strategies are seductive, and I was certainly seduced here long ago, but difficult to make profits...
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Forum: Trading Journals
Mar 2, 2013, 6:11am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
Hi China - Nice to see this thread running again.I continue to try to make money swing trading the FTSE100 stocks. I have learned two important facts that support my approach -
1. I lose money /...
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Forum: Indices
Mar 1, 2013, 8:04am
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Replies: 5
Views: 640 |
Forum: Trading Psychology
Feb 25, 2013, 9:30am
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Replies: 7
Views: 641 Re: Trailing Stops vs. Targets
Stops at 10% of equity sounds exceptionally high risk. I am more comfortable with 1-2%. I set stops based on the TA, but limit orders at 1.5 times x risk. I often take profits early, but only when...
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Forum: Trading Arcades
Feb 23, 2013, 11:24am
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Replies: 23
Views: 2,352 Re: IMPACT OF European Financial Transaction Tax
I assume the EU's objectives is to meld Europe into a United States of Europe. Stuff like this makes more sense in that context. The Eurocrats don't see their job as requiring them to enable or...
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Forum: The Foyer
Feb 3, 2013, 1:38pm
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Replies: 30
Views: 1,043 Re: Interested in F1
Is F1 boring? - only if you don't watch it.
The 2012 season featured -
* record 20 races
* 7 different winners in first 7 races
* pole sitter was beaten in 10 races out of 20
* driver...
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Forum: Stocks
Feb 2, 2013, 5:32am
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Replies: 6
Views: 331 Re: Predictions for monday? Is this the top?
I think we would all agree it can't be known what the market will do. But we can be ready for when it does it. There is no valid technical reason why you would close a long position based on...
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Forum: Technical Analysis
Jan 31, 2013, 8:31am
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Replies: 2
Views: 258 Re: Thomas Bulkowski
Well researched performance studies of various candlestick and chart patterns. Some surprising results too, suggesting some well known candlestick patterns more often give the opposite outcome to...
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Forum: Trading Journals
Jan 28, 2013, 6:01am
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Replies: 48
Views: 3,034 Re: New Year New Plan
I don't think 15 trades a month is necessarily over-trading if that's your concern, it depends on the risk per trade, whether trades are effectively duplicates increasing your exposure to risk, your...
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Forum: Indices
Jan 27, 2013, 6:58am
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Replies: 12
Views: 1,121 Re: Why do Indices follow each other?
Surely, the de-coupling of the Nasdaq is down to the over-weight influence of Apple since it's launch. It's a unique case that doesn't prove your point. But do you have other examples?
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Forum: Indices
Jan 20, 2013, 8:50am
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Replies: 307
Views: 11,756 |
Forum: Stocks
Jan 11, 2013, 3:10pm
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Replies: 10
Views: 430 Re: how to avoid the dreaded gap downs
Exceptional moves against you are a pain but you can also expose your positions up to the exceptional moves that go with your trade direction. Use elastic limit orders.
Overnight, if you leave the...
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Forum: Trading Journals
Jan 10, 2013, 5:40am
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Replies: 48
Views: 3,034 Re: New Year New Plan
Good luck with this robertdaley.
As a free tip (which I have not seen elsewhere) I would suggest entering a limit order to close your trade which is initially way beyond your normal R:R -...
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Forum: Trading Systems
Sep 13, 2012, 8:03am
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Replies: 7
Views: 616 |
Forum: Trading Journals
Aug 27, 2012, 6:57am
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Replies: 156
Views: 8,521 Re: China's FTSE 100 swing trades
I'm sure this is sound jon. My look back at July hikkake swing oppportunities on the FTSE100 members confirms that r:r 1:1.5 would clearly be a winner. r2.0 does equally well but at 2.5 the pattern...
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