Stan Weinstein's Stage Analysis

This is a discussion on Stan Weinstein's Stage Analysis within the Technical Analysis forums, part of the Methods category; Originally Posted by isatrader A couple of my current trades are: 01/11/11 - RR.L long @ 678.85 24/11/11 - Silver ...

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Old Dec 1, 2011, 11:27am   #97
 
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Re: Stan Weinstein's Stage Analysis

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Originally Posted by isatrader View Post
A couple of my current trades are:

01/11/11 - RR.L long @ 678.85
24/11/11 - Silver short @ 32.009
25/11/11 - STI short @ 16.729
25/11/11 - RAI long @ 40.06
The current Weinstein method trades are doing ok. STI was stopped out yesterday for a -1.57% ATR(200) adjusted loss, but the longs are outperforming the shorts so is positive overall.

Open - RR.L currently @ 734
+3.13% ATR(200) adjusted

Open - Silver currently @ 33.2
-0.70% ATR(200) adjusted

Open - RAI currently @ 41.82
+2.59% ATR(200) adjusted

Closed - STI short @ 18.05
-1.57% ATR(200) adjusted (stopped out 30/11/11)

I'm going to continue to have a neutral directional bias for the time being as the S&P 500 is now in Stage 1 on the weekly chart. My current thinking is that a break above 1300 would be the Stage 2A breakout - so that would shift my bias to long only plays. But we are not there yet and could just as easily go the other way again.
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Last edited by isatrader; Dec 1, 2011 at 12:35pm.
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Old Dec 1, 2011, 12:42pm   #98
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Re: Stan Weinstein's Stage Analysis

nice one.. agree at this stage its best not to get carried away in either direction. must admit i am extremely light though.
only thing ive bought is eros below, which prob isnt a weinstein, but i liked the weekly break, and retracement back to breakout level, now going up again.
still watching berkely, but results on friday so will wait..
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Old Dec 1, 2011, 12:57pm   #99
 
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Re: Stan Weinstein's Stage Analysis

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nice one.. agree at this stage its best not to get carried away in either direction. must admit i am extremely light though.
only thing ive bought is eros below, which prob isnt a weinstein, but i liked the weekly break, and retracement back to breakout level, now going up again.
still watching berkely, but results on friday so will wait..
Stage 1 on the weekly after a minor dip into Stage 4. Monthly shows it needs a close above 2010 high to hit Stage 2 breakout level. Relative performance vs the market and the media sector is good though, and a nice pop in volume. Here's the charts
Attached Thumbnails
eros_monthly_30_11_11.png   eros_weekly_30_11_11.png   eros_rs_weekly_30_11_11.png  

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Old Dec 1, 2011, 3:04pm   #100
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Re: Stan Weinstein's Stage Analysis

whichever way it breaks looks like futre direction..
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Old Dec 1, 2011, 11:03pm   #101
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Re: EURAUD Stage Analysis

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I been focusing on finding some long term trades that have less correlation to the market moves, and currencies seem to be a good option for this. Attached is the monthly, weekly and daily charts for the EUR/AUD forex pair....
I read this thread with interest, so thanks to you both for keeping it going. For your relative strength component, you chart strength relative to the GSPC, but, as the relevant market is the currency market, would it be better, for example, to look at only the $ pairs and chart them against for example either the DXY (or the inverse of the DXY) or gold?
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Old Dec 1, 2011, 11:13pm   #102
 
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Re: EURAUD Stage Analysis

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I read this thread with interest, so thanks to you both for keeping it going. For your relative strength component, you chart strength relative to the GSPC, but, as the relevant market is the currency market, would it be better, for example, to look at only the $ pairs and chart them against for example either the DXY (or the inverse of the DXY) or gold?
You can use any measure you want for relative performance really. The method is based around stocks, so the S&P 500 is the key metric for that. But for commodities you might compare against the CRB index or the CCI index, and for currencies like you say the DXY could be used. It all depends on what you are aiming to outperform, but the S&P 500 is used for the base comparison generally.
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Old Dec 2, 2011, 10:03am   #103
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Re: Stan Weinstein's Stage Analysis

isa - if you have time would you be able to do me a daily chart with how you see the shorter term stage analysis for a year. i understand if no time.
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Old Dec 2, 2011, 10:09am   #104
 
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Re: Stan Weinstein's Stage Analysis

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isa - if you have time would you be able to do me a daily chart with how you see the shorter term stage analysis for a year. i understand if no time.
I'm out this morning, but should be able to do it later on.
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