SBC's Spread Betting Logs

This is a discussion on SBC's Spread Betting Logs within the Trading Journals forums, part of the Reception category; Hello Lightning McQueen, Originally Posted by Lightning McQueen can you explain why you are looking to go only long on ...

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Old Mar 13, 2013, 6:37am   #16
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread Hello Lightning McQueen,

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Originally Posted by Lightning McQueen View Post
can you explain why you are looking to go only long on lloyds and have ignored a short trade on the 20 breakout. which incidently would be underwater at the present.
Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.

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Originally Posted by Lightning McQueen View Post
also a short trigger on the 55 breakout is closer to current price than the long trigger you have selected to follow. please explain, thanks.
The hammer candlestick on 01 March gave some clues.

SBC
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Old Mar 13, 2013, 7:17am   #17
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Re: SBC's Spread Betting Logs

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Originally Posted by SpreadBetChick View Post
Hello Lightning McQueen,


Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.


The hammer candlestick on 01 March gave some clues.

SBC
ps. Hammer candlesticks have zero statistical edge when taken independently.
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Old Mar 13, 2013, 12:13pm   #18
 
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Re: SBC's Spread Betting Logs

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Originally Posted by SpreadBetChick View Post
Hello Lightning McQueen,


Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.


The hammer candlestick on 01 March gave some clues.

SBC
i'm now slightly confused. taking your plan as presented you can't trade long yet on a 20 day breakout as there is a non taken previous 20 day signal. so lloyds shouldn't be on any lists for at least a week to the long side. and you can't short either till probably near end of the month at least.

for the 55 day breakout you should already be in a short triggered around 49.7

Quote:
All breakouts for this method will be taken regardless of whether the previous breakout had been a winner or not.
though fair enough not to have taken the trade if you put lloyds on a watch list after 11th march.

you are still more likely to go short rather than go long under this strategy at present, yet you ignore the short possibility in your system
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Old Mar 13, 2013, 12:42pm   #19
 
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Re: SBC's Spread Betting Logs

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for the 55 day breakout you should already be in a short triggered around 49.7



though fair enough not to have taken the trade if you put lloyds on a watch list after 11th march.


your watch list was posted 10th march, unless you are not trading your plan you should be already short lloyds from the 11th
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Old Mar 13, 2013, 12:48pm   #20
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread Hello Lightning McQueen,

Quote:
Originally Posted by Lightning McQueen View Post
i'm now slightly confused. taking your plan as presented you can't trade long yet on a 20 day breakout as there is a non taken previous 20 day signal. so lloyds shouldn't be on any lists for at least a week to the long side.
Not sure if you read my previous post correctly but LLOY is on my watchlist only. I have no positions open with it at the moment. The entry points get adjusted daily as this all depends on where the price goes.

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Originally Posted by Lightning McQueen View Post
and you can't short either till probably near end of the month at least.
Again, read my previous post properly. I did not trade LLOY.

Quote:
Originally Posted by Lightning McQueen View Post
for the 55 day breakout you should already be in a short triggered around 49.7
No. I only started looking at it on Monday. It did not reach the 55 day low.

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Originally Posted by Lightning McQueen View Post
you are still more likely to go short rather than go long under this strategy at present, yet you ignore the short possibility in your system
Again, see above. I only started looking at LLOY on Monday.

SBC
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Old Mar 13, 2013, 12:52pm   #21
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread Hello Ligtning McQueen,

Quote:
Originally Posted by Lightning McQueen View Post
your watch list was posted 10th march
Did you see the number of items on that watchlist? It took me a while to pinpoint the entries and exits and did not even finish looking at it yet. . Part-time trader remember?

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Originally Posted by Lightning McQueen View Post
, unless you are not trading your plan you should be already short lloyds from the 11th
.
See previous post.

SBC
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Old Mar 13, 2013, 1:03pm   #22
 
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Re: SBC's Spread Betting Logs

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Originally Posted by SpreadBetChick View Post
I am also currently looking at the following:
BA
BRBY
FRES
GKN
NG
POLY
Long order for BRBY got triggered today at 1436.44
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Old Mar 13, 2013, 1:07pm   #23
 
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Re: SBC's Spread Betting Logs

Quote:
Originally Posted by SpreadBetChick View Post
Hello Lightning McQueen,


Not sure if you read my previous post correctly but LLOY is on my watchlist only. I have no positions open with it at the moment. The entry points get adjusted daily as this all depends on where the price goes.


Again, read my previous post properly. I did not trade LLOY.


No. I only started looking at it on Monday. It did not reach the 55 day low.


Again, see above. I only started looking at LLOY on Monday.

SBC
ok on reading properly and proper bar counting this time, i concede that it hasn't yet reached a signal. but i still question your posting "LLOY long @ 56.10" when a 55 day short signal is closer to yesterdays price, do you have unpublished metrics you are following? you do appear to be factoring in trend, which isn't in the plan.
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Old Mar 13, 2013, 1:16pm   #24
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread Hello Lightning McQueen,

Quote:
Originally Posted by Lightning McQueen View Post
i still question your posting "LLOY long @ 56.10" when a 55 day short signal is closer to yesterdays price, do you have unpublished metrics you are following? you do appear to be factoring in trend, which isn't in the plan.
As you rightly mentioned this particular trading method is not following on any trend, so I always look out for both positions when bookmarking them, i.e. I look for the entry points on both potential short and long trades and will just pick whatever gets triggered.

I hope it goes without saying that whatever price point I may have bookmarked 2 days ago may completely change tomorrow as it all depends where the price goes.

SBC
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Old Mar 18, 2013, 4:42pm   #25
 
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Re: SBC's Spread Betting Logs

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Old Mar 19, 2013, 8:37am   #26
 
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Re: SBC's Spread Betting Logs

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Old Mar 20, 2013, 12:10am   #27
 
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Re: SBC's Spread Betting Logs

what are your intentions now regards lloyds?

you've got lloyds on watch to go long. but the 55 day short trigger has now caught up after climbing the uptrend you've been keeping half an eye on. how are you going to play it?
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Old Mar 20, 2013, 5:47am   #28
 
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Re: SBC's Spread Betting Logs

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what are your intentions now regards lloyds?
None at the moment.

Quote:
Originally Posted by Lightning McQueen View Post
you've got lloyds on watch to go long. but the 55 day short trigger has now caught up after climbing the uptrend you've been keeping half an eye on. how are you going to play it?
I ditched LLOY in favor of other trades that got hit first.
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Old Mar 20, 2013, 8:17am   #29
 
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Re: SBC's Spread Betting Logs

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None at the moment.


I ditched LLOY in favor of other trades that got hit first.
that's fair enough.

maybe an idea then would be to update your followers of watched stocks etc, that are no longer on watch.
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Old Mar 20, 2013, 8:48am   #30
 
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Re: SBC's Spread Betting Logs

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maybe an idea then would be to update your followers of watched stocks etc, that are no longer on watch.
I post these on twitter as it is quicker and easier.
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