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Dump it Here

Discussion in 'Beginner's Lounge' started by Skate, Dec 17, 2018.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. Skate

    Skate

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    @aus_trader as there is only one security in @Wyatt momentum ranking list I have decided to post your request for the three Gold Charts in my thread as not to clog up @peter2 "p2-asx-weekly-portfolio" thread keeping it clean of clutter.

    I'll post the 3 charts in separate posts for clarity

    1. PRU - The HYBRID Strategy

    PRU Hybrid Capture.JPG



    2. PRU - The CAM Strategy

    PRU CAM Capture.JPG



    3. PRU - The Daily Strategy

    PRU Daily Capture.JPG


    Skate.
     
  2. Skate

    Skate

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    1. SLR - The HYBRID Strategy

    SLR Hybrid Capture.JPG



    SLR - The CAM Strategy

    SLR CAM Capture.JPG



    SLR - The Daily Strategy

    SLR Daily Capture.JPG


    Skate.
     
  3. Skate

    Skate

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    WGX - The HYBRID Strategy

    WGX Hybrid Capture.JPG



    WGX - The CAM Strategy

    WGX CAM Capture.JPG



    WGX - The Daily Strategy

    WGX Daily Capture.JPG


    Skate.
     
  4. qldfrog

    qldfrog

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    Many thanks, ot is nice to have comparison points
     
    Skate likes this.
  5. aus_trader

    aus_trader

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    Thank you Skate, great to see the entry and exit points for the various strategies you use for the stocks that I was interested in.
     
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  6. Boggo

    Boggo

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    @Skate My weekly is very similiar to yours but I have found that especially over the last few years I get whipsawed to death by the stops on the daily.
    I find that just trading my personal account and running the SMSF is much better on the weekly.
    Just my :2twocents

    (click to expand)
    WGX D 141019.png WGX W 141019.png
     
  7. Skate

    Skate

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    @Boggo, thank you for your comment & yes I've also had good success with trading weekly strategies. Its been a long battle to code a decent daily strategy for the exact reasons you have quoted "being whipsawed out of a trend" only to re-enter shortly after. But in saying this I now have a half decent daily strategy that concentrates on the exit timing. Getting into a trend has always been the easy part but knowing when to pull the pin to get out was another.

    My exit strategy
    Timing the exit was the missing link when it came to coding a Daily Strategy as I was relying on commonly held beliefs & well known exit conditions. I've never found one exit strategy in isolation that works quite good enough to risk trading as the backtest results lacked the consistency I was seeking.

    F.Y.I.
    Even my HYBRID Strategy multi-conditional exit falls short on a daily system but works in harmony with a weekly system.

    It's no secret sauce
    A huge amount of time has been spent on getting an exit strategy on a the Daily Strategy to work successfully "most of the time" so I'm not prepared to elaborate or answer questions on my exit strategy.

    It's been a struggle
    For the sake of transparency my daily exit strategy involves variable parameters in relation to the value weighted average price channel, with a conditional trailing stop for the unexpected gap down events. The Stale exit is more of an "out of favour indicator" that incorporates an extreme Rate of change momentum indicator working hand-in-glove with an exponential moving average.

    Skate.
     
    Last edited: Oct 15, 2019
  8. Boggo

    Boggo

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    Thanks Skate.
    Minor correction to my post, should have read "daily" instead of weekly.
     
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  9. sptrawler

    sptrawler

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    The weekly chart appears much easier to follow, the daily looks quite chaotic, thanks for the posts. Between Skate, yourself, peter, gregles and the duck, I'm beginning to make sense of these charts.
     
  10. Gringotts Bank

    Gringotts Bank

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    Hi Skate, what trail stop are you using please?
     
  11. Skate

    Skate

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    @Gringotts Bank, each of my strategies run there own parameters for the trailing Stop & one of my strategies runs no trailing stop at all so I’ll let your question go through to the keeper.

    I’m only guessing but if your question relates to the Daily Strategy in particular the Trailing Stop forms part of my exit strategy which is not up for discussion.

    Skate.
     
  12. qldfrog

    qldfrog

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    Can you reveal if the trailing stop is dynamic or static!
    I was toying with implementing a stop loss which would be a function of buy price, last prices,time in market etc so the question.
     
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  13. qldfrog

    qldfrog

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    Note: i still use no stop loss with my systems and not happy with that
     
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  14. Skate

    Skate

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    @qldfrog I use a dynamic trailing stop in my Daily Strategy & it's used for those unexpected "long move down-bars & gap-down scenarios" - in other words to protect me against the "run of play" (a footy term) or "large down-gaps before news is released".

    The importance of a trailing stop
    I'll display an example why a trailing stop is important as my other daily (stopping) triggers were still within acceptable parameters. The trailing stop locked in the profits. I maintain & firmly believe someone knew about the information that affected the price (fall) before the information was released to the public.

    The trailing Stop
    In the case of my Daily Strategy the trailing stop is designed to "action surprises". The trailing stop is designed to expects the unexpected.

    ISX - Someone knew (the timeline)
    10/9/2019 - closed $1.645 (in a very long up trend)
    11/9/2019 - unexpected - large down-bar closing at $1.41
    12/9/2019 - another large down-bar closing at $0.93 (this triggered my trailing stop)
    13/9/2019 - Adverse News Report released at 9.31 am
    13/9/2019 - My exit was already in the pre-auction before the news release
    13/9/2019 - Exited ISX at the opening price

    F.Y.I
    On the 10th September 2019 the closing price of ISX was $1.645 (trailing stop exit price $1.14 on the morning of the news release at 9.31 am - marked by the violet vertical line - added for @sptrawler as he has shown an interest in charting)

    ISX - Daily Capture.JPG

    Expanded view of the exit for clarity

    ISX - Daily Expanded View Capture.JPG

    Request

    Is there someone that would be prepared to post their daily chart for ASX:ISX for the same time period as it would be appreciated. (from Jan 2019)

    @Boggo you have posted a similar daily chart for WGX thank you for that. To solve my curiosity are you prepared to post your daily charts for the other two securities in question - being PRU & SLR as I'm interested to see the comparison & I'm sure @aus_trader would also find value in your charts as well. Posting up a daily chart of ISX would also be appreciated. (Jan 2019 to now)

    @aus_trader would you be kind enough to post your 3 daily charts for PRU SLR and WGX please, I & others would find interest in that. Also posting a Daily Chart of ISX wouldn't go astray either (if you have the time)

    Skate.
     
    Last edited: Oct 16, 2019
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  15. IFocus

    IFocus You are arguing with a Galah

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    ISX.png
     
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  16. Boggo

    Boggo

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    All attached, click to expand.
    ISX D 151019.png PRU D 151019.png SLR D 151019.png
     
  17. peter2

    peter2

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    My chart with a few comments.

    isx1610.PNG
     
  18. Country Lad

    Country Lad Off into the sunset

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    I might as well play too, seeing I did trade this.

    Many years ago (if I remember correctly, early 90’s) in Cairns, tech/a and I had a discussion about trading and charting. He was of course, heavily into charting and I was doing P&F charting and some other basic stuff. After some discussion he decided I had the wherewithal to seriously get in to charting.

    Sorry John, tried it but didn’t like it. Being a simple country lad, I developed a simple system in conjunction with a few trading buddies which has served us extremely well over the years. The market sentiment at time of entry has been added a few years ago and is a key part of the system in order to get a good start in the trade.



    ISX 16 Oct 19.jpg
     
  19. Sir Burr

    Sir Burr

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    Yeah the chart has some clues :)

    Trailing stop moves up on new highs and obviously an index filter as it tightens substantially when the index drops (re: the dates).

    Keeping it simple would be a percentage from high (10%) and tightens when the index filter goes negative (5%).
     
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  20. aus_trader

    aus_trader

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    Hi Skate, Yes happy to post but I don't follow an exact technical trading system so entries and exits are based on my own thinking as detailed in my Speculative Stock Portfolio.

    upload_2019-10-17_3-2-31.png

    SLR was traded more than a year ago, so had to post a longer daily chart to show that

    upload_2019-10-17_3-7-54.png

    upload_2019-10-17_3-17-42.png

    With ISX, I have not traded it but there was a channel that I had drawn on it a long way back before it broke below it and then moved up strongly.

    upload_2019-10-17_3-22-5.png
     
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