barjon
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khi said:
kim
kgf 's a very foggy picture from my perspective. theoretically i've still got it in downtrend (until 270 is broken) and would be thinking of short below 254. mind you, three days within that potential swing high bar range (maybe 4 with today) looks like something of a tussle going on so north wouldn't surprise. also the potential swing high bar wasn't good with a close in the upper half rather than my prefered lower half .
probably more of a hindrance than a help.
good trading
jon
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barjon
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mark
still hanging in there with bsy then. interesting how we light on the same runners from different directions - hbos would have triggered long for me when it broke up through 879 this morning, didn't take it because it didn't satisfy my conditions. be interesting to watch developments.
good trading
jon
ps jmat's clear for you now 🙂
still hanging in there with bsy then. interesting how we light on the same runners from different directions - hbos would have triggered long for me when it broke up through 879 this morning, didn't take it because it didn't satisfy my conditions. be interesting to watch developments.
good trading
jon
ps jmat's clear for you now 🙂
Hi Jon,barjon said:
Yeah, BSY still hasn't done much for me & is close to B/E (small loss at present). It's one of the 1st trades I made after a change of tactics. Following an analysis of earlier trades, I found that I'd usually got the direction right but most of the time I'd exited too soon. Hence I changed my tactics to stay in for 2 stochastic cycles. Backtesting on my earlier trades indicated that this should improve profits significantly. Previously I'd have exited BSY around it's last stoch peak, around 10/7 @ about 550. This time, however, I'm determined to hang on until the next peak, probably in a few day's time and then wait for the exit signal. I'm a bit concerned about next weeks interims, as I don't usually like to trade across results announcements. We'll see whether this tactic works for BSY but, even if it doesn't, I'll need to try it on several other trades to get a sufficient statistical sample to decide whether it works or not.
I'm beginning to wonder whether I'm still getting my directions right or not but only time will tell!
For HBOS, weekly MACD suggests that recent uptrend (which started early May) is coming to an end. It has the right stochastic & Elder Force indicators for me & the price went below yesterday's low, that was my entry signal.
As for JMAT, my take is this: again, looks like uptrend is ending (will need to plug tonights EOD figures in to confirm or refute this). If it is confirmed, I hope to be able to short this from a much higher level than my last attempt :cheesy: . (OK, OK you can stop laughing now)
Good trading,
Mark
barjon
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mark
mmm, i've been tinkering with exit strategy this year too. after analysing last year's trades i thought i was leaving too much on the table - either by getting out too soon or too late (watching a profit drip away to breakeven). tried several alternatives but finally settled on taking profits on half position on a 1:1 basis and letting rest run with stop trailed from b/e and then to sensible points below/above the price action. depending on position size may halve the residual again.
good trading
jon
mmm, i've been tinkering with exit strategy this year too. after analysing last year's trades i thought i was leaving too much on the table - either by getting out too soon or too late (watching a profit drip away to breakeven). tried several alternatives but finally settled on taking profits on half position on a 1:1 basis and letting rest run with stop trailed from b/e and then to sensible points below/above the price action. depending on position size may halve the residual again.
good trading
jon
