isa's short term trading journal

This is a discussion on isa's short term trading journal within the Trading Journals forums, part of the Reception category; Originally Posted by brettus Thanks for that. Looks like its not as good as i've heard. Interesting none the less. ...

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Old Jan 17, 2011, 8:48pm   #49
 
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re: isa's short term trading journal

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Thanks for that. Looks like its not as good as i've heard. Interesting none the less. There's another interesting fact. I might delve into that later.
Here’s the link to the article the backtest is from http://www.safehaven.com/article/194...idential-cycle
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Old Jan 17, 2011, 9:04pm   #50
 
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S&P 500 Presidential Year Charts

isatrader started this thread Attached is the S&P 500 charts of the 3rd Year in office of the President since 1975. I think these show it better than back test data.
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Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.

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Old Jan 17, 2011, 9:15pm   #51
 
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Re: S&P 500 Presidential Year Charts

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Attached is the S&P 500 charts of the 3rd Year in office of the President since 1975. I think these show it better than back test data.
I think the charts show that if you bought at the start of year and held you’d have made a good return in most of the years. However, the market was completely different in all of those years and another method for short term trading would have been to buy the pivots below the 200 day moving average IMO.
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Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.

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Old Jan 17, 2011, 9:41pm   #52
 
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re: isa's short term trading journal

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I was thinking that this chart looked a bit like the reverse of the Hecla Mining chart you analyzed the other day, and that a possible retest of the highs needed to happen before it could make a bigger reversal down?
You are correct, it is similar, but not exactly. On Hecla Mining I would be interested in shorting at second blue and on second red arrow. There were pins. Check the bar before the pin. They were equal or smaller size, to me it means that price was running out of power, pin followed and price reversed. The situation with the recent chart is that bar before the pin is much bigger then the pin, powerful. I think that price will again retest highs at 1284, and might descend to your BE. But this is just my view, may not happen like that.
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Old Jan 17, 2011, 9:41pm   #53
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Re: S&P 500 Presidential Year Charts

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Originally Posted by isatrader View Post
I think the charts show that if you bought at the start of year and held you’d have made a good return in most of the years. However, the market was completely different in all of those years and another method for short term trading would have been to buy the pivots below the 200 day moving average IMO.
Yep 1995 would be nice.
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Old Jan 17, 2011, 9:45pm   #54
 
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Re: S&P 500 Presidential Year Charts

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Yep 1995 would be nice.
That would be good, but probably get 1991
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Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.

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Old Jan 17, 2011, 9:48pm   #55
 
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re: isa's short term trading journal

isatrader started this thread
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Originally Posted by pingvin123 View Post
You are correct, it is similar, but not exactly. On Hecla Mining I would be interested in shorting at second blue and on second red arrow. There were pins. Check the bar before the pin. They were equal or smaller size, to me it means that price was running out of power, pin followed and price reversed. The situation with the recent chart is that bar before the pin is much bigger then the pin, powerful. I think that price will again retest highs at 1284, and might descend to your BE. But this is just my view, may not happen like that.
Thanks pingvin123. I was thinking a similar train of thought. Although news and data could change it, so will let it play out a bit more as the stop loss has room for now.
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Old Jan 18, 2011, 5:04pm   #56
 
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Re: Open position update

isatrader started this thread Target moved down to 1271.8
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