China's FTSE 100 swing trades

This is a discussion on China's FTSE 100 swing trades within the Trading Journals forums, part of the Reception category; Here's the S&P 500 stocks excel file. Same thing but with the good set to below 0.25%. Again you can ...

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Old Aug 17, 2012, 1:00pm   #16
 
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Re: China's FTSE 100 swing trades

Here's the S&P 500 stocks excel file. Same thing but with the good set to below 0.25%. Again you can change to whatever you like once you've put in the spreads.
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File Type: xls SP500 Components Spreads.xls (89.0 KB, 221 views)
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Old Aug 17, 2012, 1:03pm   #17
 
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Re: China's FTSE 100 swing trades

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Originally Posted by isatrader View Post
Here's the S&P 500 stocks excel file. Same thing but with the good set to below 0.25%. Again you can change to whatever you like once you've put in the spreads.
Would you trade S&P stocks rather than NASDAQ?
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Old Aug 17, 2012, 1:05pm   #18
 
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Re: China's FTSE 100 swing trades

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Would you trade S&P stocks rather than NASDAQ?
Stick to the S&P 500 for the most liquidity and hence tightest spreads. But you'll find a lot of the Nasdaq 100 stocks are in the S&P 500 anyway.
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Old Aug 17, 2012, 8:47pm   #19
 
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Re: China's FTSE 100 swing trades

China Diapers started this thread ANTO stopped out. The choppiness continues.
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Old Aug 18, 2012, 8:45am   #20
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Re: China's FTSE 100 swing trades

Good luck with this China.

Actually, I had ANTO as a potential buy also, as 13/08 inside day formed valid hikkake, but price never confirmed entry and signal has now expired.
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Old Aug 18, 2012, 8:47am   #21
 
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Re: China's FTSE 100 swing trades

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Good luck with this China.

Actually, I had ANTO as a potential buy also, as 13/08 inside day formed valid hikkake, but price never confirmed entry and signal has now expired.
You can consider yourself lucky then

Thanks
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Old Aug 18, 2012, 10:50am   #22
 
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Re: China's FTSE 100 swing trades

China

I've been away for the week and just come across your thread - a couple of points.

First,the spread. You'll be ok with ftse100 so long as you only take trades with at least 1.5:1 reward to risk potential, with the risk inclusive of costs (spread if spreadbetting). That would have kept you out of the ANTO trade.

Second, can't see why you took the ANTO trade anyway. You should be looking for price bars that become smaller in range as the retracement progresses (CNA is a good example from last week) and you were hitting an expanding range with ANTO which is a no, no.

Hope this helps

jon
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Old Aug 18, 2012, 11:03am   #23
 
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Re: China's FTSE 100 swing trades

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China

I've been away for the week and just come across your thread - a couple of points.

First,the spread. You'll be ok with ftse100 so long as you only take trades with at least 1.5:1 reward to risk potential, with the risk inclusive of costs (spread if spreadbetting). That would have kept you out of the ANTO trade.

Second, can't see why you took the ANTO trade anyway. You should be looking for price bars that become smaller in range as the retracement progresses (CNA is a good example from last week) and you were hitting an expanding range with ANTO.

Hope this helps

jon
Hi Jon,

I was wondering when you might make an appearance, just in time too.

I have looked at the spreads of all the FTSE 100 and apart from about 6 or 7 most spreads are under .25% so will stick with FTSE 100 for now and filter out the bad apples. Going on the spreads ANTO was not a good idea.

CNA was a no go for me, just, as close was below the 18sma, but point taken re the smaller ranges. I was doing this originally but ended up with the dilemma where I was getting no setups if you remember from Toms thread so I ditched it. Will start again if it will keep me out of bad trades, I can probably even code this into my screener.

Thanks, your input is always welcome.

Last edited by China Diapers; Aug 18, 2012 at 9:22pm.
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Old Aug 18, 2012, 11:23am   #24
 
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Re: China's FTSE 100 swing trades

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Hi Jon,

I was wondering when you might make an appearance, just in time too.

I have looked at the spreads of all the FTSE 100 and apart from about 6 or 7 most spreads are under .25% so will stick with FTSE 100 for now and filter out the bad apples. Going on the spreads ANTO was not a good idea.

CNA was a no go for me, just, as close was below the 9sma, but point taken re the smaller ranges. I was doing this originally but ended up with the dilemma where I was getting no setups if you remember from Toms thread so I ditched it. Will start again if it will keep me out of bad trades, I can probably even code this into my screener.

Thanks, your input is always welcome.
China

CNA - the method allows for a slight penetration doesn't it? It was a nice three bar swing with nice reducing range leaving you with a very low risk trade to take and a very nice 4:1 potential.

So, if you were going to bend a rule, this was the one to do it and not the ANTO one which never had much potential in it and was a relatively heavy risk to run.

jon
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Old Aug 18, 2012, 11:32am   #25
 
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Re: China's FTSE 100 swing trades

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China

CNA - the method allows for a slight penetration doesn't it? It was a nice three bar swing with nice reducing range leaving you with a very low risk trade to take and a very nice 4:1 potential.

So, if you were going to bend a rule, this was the one to do it and not the ANTO one which never had much potential in it and was a relatively heavy risk to run.

jon
Yip I agree with you, CA good, ANTO bad.

I need the trade selection process to be as mechanical as possible due to time constraints (work long hours and now have a 4 month old daughter to entertain) so if something doesn't get picked up my screener because it's the wrong side of an MA then that's that, my days of staring at hundreds of charts every night are over. But yes I will either tweak the screener or do a visual check so that the ANTO's of this world are avoided in future
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Old Aug 18, 2012, 11:37am   #26
 
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Re: China's FTSE 100 swing trades

China Diapers started this thread Thanks again for the the comments, this is exactly why I started this thread, I knew I was probably missing something, or a lot of things.
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Old Aug 18, 2012, 12:40pm   #27
 
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Re: China's FTSE 100 swing trades

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Yip I agree with you, CA good, ANTO bad.

I need the trade selection process to be as mechanical as possible due to time constraints (work long hours and now have a 4 month old daughter to entertain) so if something doesn't get picked up my screener because it's the wrong side of an MA then that's that, my days of staring at hundreds of charts every night are over. But yes I will either tweak the screener or do a visual check so that the ANTO's of this world are avoided in future
You could set your screener to give you those that have penetrated the shorter ma. That will give you a pretty short watch list to deal with.

ps: 4 months, eh - luvly
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Old Aug 18, 2012, 12:44pm   #28
 
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Re: China's FTSE 100 swing trades

pps: ....and point up the viable trades that don't reach the longer ma
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Old Aug 18, 2012, 10:49pm   #29
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Re: China's FTSE 100 swing trades

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Agree with D70. the spreads on FTSE 100 stocks vary wildly, so maybe create a spreadsheet of the FTSE 100 and input the spreads of each stock from your broker, and then calculate the percentage that the spread is. Then you can filter out any stocks that are too expensive.

For example on IG index as I type BP is 453.75 - 454.75, which is a 0.219% spread, whereas Paypoint is 685.8 - 696.7, which is 1.56% spread.

So if you insist on trading the FTSE stocks, then give yourself a spread limit as D70 said and don't trade anything that is above it, as starting a trade 1.56% down is just silly. Max of 0.5% or less ideally imo.
Spot-****ing-on.
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Old Aug 19, 2012, 7:13am   #30
 
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Re: China's FTSE 100 swing trades

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You could set your screener to give you those that have penetrated the shorter ma. That will give you a pretty short watch list to deal with.
Sorry I meant if something closes below the longer ma it won't be picked up by screener. What you described is exactly what I do. See chart attached (yes I use prorealtime).

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ps: 4 months, eh - luvly
Yes she certainly is
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