Swing and Position Trading

  • Welcome to the newest version of Trade2Win! We're running on the latest version of, what we consider to be, the best forum software available today. Our aim was to keep things as familiar as possible but focus on improving speed, security and usability. We hope you like the result! Please post your questions, comments, suggestions and feedback in the What's New and Feedback Thread - Sharky.

chump

Well-known member
Dec 12, 2003
2,212
274
93
111
#21
JT,
knowing your methods this might be an academic question ,but have you tested that data to form that view "cleanest" ? .. . ..thanks for the link
 

Roberto

Well-known member
Aug 28, 2004
1,069
11
48
uk
#23
JonnyT said:
The FTSE has been virtually untradeable for over a year and the Dow might not be as easy now as the book suggests...
Having been trading indices for the last 4 years, I must say that I'm inclined to agree with Jonny about this, albeit that I don't quite match his succinct and forceful turn of phrase ... the FTSE has certainly been "difficult" for the last year or so, and the Dow is certainly not as easy as the book suggests. I'm increasingly looking to the Dax and the S&P, but also trying to learn new tricks and broaden my trading interests.
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#24
Hg

Lets have a little up date on that chart. Any comments guys? Where did that ABC correction go ivorm?
 

Attachments

Last edited:

techst

Active member
Nov 28, 2003
243
3
28
Essex
#25
CW and BAY

These two stocks are looking great at the moment. It looks like the recent downtrends are running out of steam. The chart shows the strength of the MACD Divergence on both charts. If im not mistaken the weekly MACD's and Histograms are in gear too. Confirming as Elder says ' a more dynamic move'. I dont currently have positions in these stocks but im seriously considering these. And in prehaps a day or two i'll pull the trigger. Any thoughts people? I might even turn these two into a live and up dated 'anatomy of a trade' if i get any interest. Hopefully some viewers will come out of the woodwork and discuss there views on these.
 

Attachments

bracke

Well-known member
Dec 12, 2003
1,286
12
48
#26
techst@ said:
These two stocks are looking great at the moment. It looks like the recent downtrends are running out of steam. The chart shows the strength of the MACD Divergence on both charts. If im not mistaken the weekly MACD's and Histograms are in gear too. Confirming as Elder says ' a more dynamic move'. I dont currently have positions in these stocks but im seriously considering these. And in prehaps a day or two i'll pull the trigger. Any thoughts people? I might even turn these two into a live and up dated 'anatomy of a trade' if i get any interest. Hopefully some viewers will come out of the woodwork and discuss there views on these.
Emerging carefully from the woodwork and with the usual caveats I venture the following.

I am not a devotee of indicators so I cannot comment on the MACD'S etc. My interest is price/volume in which I am slowly gaining more knowledge.

I have looked at the charts for both of these companies (British Airways and Cable & Wireless) and am struck by their similarities. Lower lows and lower highs both appear to have found support BAY at 200 & CW at 100. Appear is the operative word. I am not convinced that the support will hold. I would want to see them moving up on reasonable volume before I purchased.
A look at the 2 year charts for these companies illustrates the levels they can fall to.

I look forward to reading other views

Regards

bracke
 

maxpain

Active member
Oct 11, 2004
238
0
26
68
Southern part of Sweden
#27
techst@ said:
These two stocks are looking great at the moment. It looks like the recent downtrends are running out of steam. The chart shows the strength of the MACD Divergence on both charts. If im not mistaken the weekly MACD's and Histograms are in gear too. Confirming as Elder says ' a more dynamic move'. I dont currently have positions in these stocks but im seriously considering these. And in prehaps a day or two i'll pull the trigger. Any thoughts people? I might even turn these two into a live and up dated 'anatomy of a trade' if i get any interest. Hopefully some viewers will come out of the woodwork and discuss there views on these.
looking good - maybe a retest of the TL from above before they finally rally. Didn´t like the last candle (BAY) so no hurry I guess. Otherwise they should have found their bottoms.
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#28
CW and BAY

Just updating this thread with the current unfoldings of the two charts i posted. I've been in and out of BAY. I got in at a terrible price as i traded by phone mid-day and didnt have the use of a chart for the days candlestick. I then exited at 27.25 making a 5% profit, or 50% profit but that depends how you look at it with the CFD leverage. I was trading other stocks and aswell and i may have been over exposed if i'd added another position in CW, damn money management! I'll post some other great moves that may unfold in the near future, if theres an interest. Some might fell that its not a great idea to show others your setup and strategy but i think whats more important is the way you handle your own stragegy. any thoughts?
 

Attachments

fastnet

Active member
Feb 21, 2003
305
1
28
Harrogate
#29
My greatest concern about swing trading individual shares is the relative lack of volatility and the huge spreads quotes by SB cos. You're using CFDs so maybe this is not such an issue. If you are still trading using (Elder) type methods then then should be manu similarities in our styles - I would be interested to see posts describing your trades should you be good enough to post 'em.

Cheers

FN
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#30
Fastnet, i got in BAY on the 28/10/04 (see the graph style chart above). And was out 5/11/04 and out at 227.5 which was the high for the day. I was lucky enough to have the evening free to watch the intraday action to time my exit well. I make sure the stocks i trade have a minimum of 8 to 10% swing in there price move, from channel to channel. I do take into account that I'm not gonna get in at the very bottom and out get out at the highest price in the channel, that would be wishful thinking. Some people wonder why the trades that they dont put on do well, but i know thats coz im looking at where i would have like to of got in and where the perfect sell point was. I dont see the huge spreads you mentioned as the company i use try to match the market. I like mainly FTSE100 companies coz there liquid.
 
Jul 1, 2003
1
0
11
#31
Hi Folks,

This is my first post as a newb on the swing trading scene. Im wondering if you guys can share any systems or TA techniques you find work well?. Im thinking of using a combo of S/R levels, MACD and CCI. Any thoughts?

Also any chance of posting potential trades and the reasons why, regularly?

Cheers

P.S. being a newb sucks :eek:
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#32
Im a massive fan of Dr. Elder read his books Trading for a Living and Come into my Trading Room first and see what ideas you can come up with. There's so much to learn in those pages and so much wisdom.
 

pkfryer

Active member
May 19, 2004
243
0
26
Guildford
#33
Have to start somewhere jayzee, just make sure your transition to being an experienced trader doesn't cost much. Dont rush in to trading, learn and practice! I recommend Dr Alexander Elders books too, they are my favourite and most helpful.
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#34
CW and BAY (again)

Another update on these charts provide some good viewing. After the leg upward shown on previous posts these two now provide opportunities to enter on the current retracement. BAY has already started its next move upward and trading from here and getting a good price on entry maybe be tricky. Although hiding yourself in and trading in the next bearish candle might be an idea, but i'll see how these this pans out. CW has retraced nicely and getting back in looks like a good idea. I'll be waiting for some strength before that happens but a bullish engulfing or piercing candle with some good volume would be ideal. Mark Rivalland talks about these buy signals in the latest investors cron. Calling them linear phase signal being some of the best times to trade, which pop up once or twice a year. And although his lenses are different (P+F charting) the ideas are the same.
 

Attachments

barjon

Well-known member
May 6, 2003
9,995
1,446
223
78
#35
techst

The same two from a slightly different perspective but in accord with your summation. BAY already given long signal (close above white line) and CW poised to do so.


edit: oops, just noticed trend change for BAY could be said to be a bit lower around 215 - swing pullback the same tho'. Sorry for that, these two aren't in my stable :eek:

jon
 

Attachments

Last edited:

roguetrader

Well-known member
May 29, 2003
2,062
49
58
#36
barjon said:
techst

The same two from a slightly different perspective but in accord with your summation. BAY already given long signal (close above white line) and CW poised to do so.



jon
Forgive my ignorance, I am not a swing trader, but why does a close above the white line give a buy signal? On Bay that is.
 

techst

Active member
Nov 28, 2003
243
3
28
Essex
#37
roguetrader, from barjon's view (and please correct me if i'm mistaken barjon) this is some short term resistance which lines up with the 220 price level. And i would also use this method before i jumped in. A one day close with good volume or a two day close above the 220. For me, i'd be using my 13EMA moving or ticking upward with a two day close, as shown in my BAY chart. I didn't catch this one,as my money management rules dont allow me to be in every trade available.
 

roguetrader

Well-known member
May 29, 2003
2,062
49
58
#38
Thanx for your reply techst@, I see the resistance you refer to, just volume looks a little light as it initially breaks that level.. Not trying to pick fault, my own swing trading efforts leave a lot to be desired an am trying to pick up tips and ideas from those of you who trade this style successfully.
Thanx
 

barjon

Well-known member
May 6, 2003
9,995
1,446
223
78
#39
rogue trader/techst

The white line is at the high of the swing low bar. I get a buy signal when there is a close above that, which occured 3 bars later and I would have entered the next day (penultimate bar on the chart) if I was trading this one. The more agressive would enter as soon as the price moved above the high of the swing low bar (that white line) which occured the next day.

jon