Any other swing traders?
- Thread starter Homeschoolma
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Of course, we need to get the buy stop in before the open tomorrow on the basis that today would become the putative swing low if the stop is hit. Then put down a protective stop, and limit for a first profit target if that's the way you're playing it.
beartrap
beartrap
Bigbusiness
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Marc Rivalland did a live discussion on ADVFN about his strategy in January last year. There is a lot of rubbish on this thread but some of the questions and answers might interest people using this method:-
http://tinyurl.com/3yed9
http://tinyurl.com/3yed9
Thanks for the link, Bigbusiness.
Wow, you were right about the rubbish on the ADVFN thread, though!
Brave of MR to take part, or perhaps foolhardy. He's a busy chap, that's for sure, and I bet he didn't boost sales of 'MR on Swing Trading' very much through participation in that all-too-live discussion!
beartrap
Wow, you were right about the rubbish on the ADVFN thread, though!
Brave of MR to take part, or perhaps foolhardy. He's a busy chap, that's for sure, and I bet he didn't boost sales of 'MR on Swing Trading' very much through participation in that all-too-live discussion!
beartrap
Big Business, being objective, what do you think of Rivallands approach to swing trading? A lot of the people on ADVFN were quite dismissive. As a relative newbie i have followed this method and it's mechanical approach suits me cos i nearly always get it wrong when i make value judgements. It does seem to work to me, not all the time but does any sysem?
Bigbusiness
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jonray,
I wouldn't take too much notice of some of the ADVFN posts but a few valid points were made.
I think Rivallands approach to swing trading is excellent but I still think that trading it on the FTSE between November 2001 to May 2002 would probably have driven me crazy. It is easy to see these choppy periods in the market after the event but I think most times they are hard to avoid. I am more of a day trader and I am still working on my own system but I think the best results will be produced if I can take the good points from the book and apply them to my own trading style.
I wouldn't take too much notice of some of the ADVFN posts but a few valid points were made.
I think Rivallands approach to swing trading is excellent but I still think that trading it on the FTSE between November 2001 to May 2002 would probably have driven me crazy. It is easy to see these choppy periods in the market after the event but I think most times they are hard to avoid. I am more of a day trader and I am still working on my own system but I think the best results will be produced if I can take the good points from the book and apply them to my own trading style.
Riv - if a trader was to start swing trading and stuck to your rules what "float" should be begin with? £50,000 or lower? I assume £10 a point is the minimum for it to be worth the effort?
Rivalland - 23 Jan'03 - 14:18 - 44 of 135
I agree £10 is minimum to be worth it, but newcomers could experiment with lower. ADFN
Bit rich for me
Rivalland - 23 Jan'03 - 14:18 - 44 of 135
I agree £10 is minimum to be worth it, but newcomers could experiment with lower. ADFN
Bit rich for me
Bigbusiness
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romany123,
That was the one bit of information that stuck in my mind and I think it shows that he is not an expert in this field. You can start doing this at 50p a point and build up your stake as the profits increase. To say it is only worthwhile at £10 a point seems crazy to me.
If you start at £10 a point and the system has a large draw down for a few months, it is unlikely that most traders will stick with it.
I wonder how many of the people who bought the book have £50,000 to invest and can cope with trading £10 a point?
That was the one bit of information that stuck in my mind and I think it shows that he is not an expert in this field. You can start doing this at 50p a point and build up your stake as the profits increase. To say it is only worthwhile at £10 a point seems crazy to me.
If you start at £10 a point and the system has a large draw down for a few months, it is unlikely that most traders will stick with it.
I wonder how many of the people who bought the book have £50,000 to invest and can cope with trading £10 a point?
mr_cassandra
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Not sure if my program qualifies as swing trading
My program follows extremes in indicators like vix and put call ratio, and uses it to hold long or short positions in the sp400 index that can last from days to months.
www.angelfire.com/ma4/mr_cassandra/MainPage.html
It's a mechanical trading system, in that all I do is load the data at end of day, and then if there's a signal, I place the trade.
Homeschoolma said:
My program follows extremes in indicators like vix and put call ratio, and uses it to hold long or short positions in the sp400 index that can last from days to months.
www.angelfire.com/ma4/mr_cassandra/MainPage.html
It's a mechanical trading system, in that all I do is load the data at end of day, and then if there's a signal, I place the trade.
barjon
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minted
Depends how you operate. For me the breaks don't signal a sell just a possible change of trend which leads me away from the long side until the picture clarifies a bit more. Moving to the short side won't come 'til I see the first rally break down.
Depends how you operate. For me the breaks don't signal a sell just a possible change of trend which leads me away from the long side until the picture clarifies a bit more. Moving to the short side won't come 'til I see the first rally break down.
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Hi Guys, An excellent thread !
Any ideas for the FTSE100..It has definitely breached the support channel level 4'425, which was also a support level indicated by the 200SMA..Seems to have come close to the strong Support Level 4'300 , currently trading on 4'328. I am looking for it to reverse and go long on this one, perhaps it might go further down and hit the previous support level and reverse back which is a good sign, also the MACD shows oversold conditions, however cross-over not occured yet, Williams % is also showing a good sign to go long... Waiting for the MACD cross-over to enter long may also be a good idea.. Anyone trading the FTSE100 ? Happy Trading !
Ps: Currently I also see a little support at 4,323 (Last Low formed on Tuesday Last Week)
Any ideas for the FTSE100..It has definitely breached the support channel level 4'425, which was also a support level indicated by the 200SMA..Seems to have come close to the strong Support Level 4'300 , currently trading on 4'328. I am looking for it to reverse and go long on this one, perhaps it might go further down and hit the previous support level and reverse back which is a good sign, also the MACD shows oversold conditions, however cross-over not occured yet, Williams % is also showing a good sign to go long... Waiting for the MACD cross-over to enter long may also be a good idea.. Anyone trading the FTSE100 ? Happy Trading !
Ps: Currently I also see a little support at 4,323 (Last Low formed on Tuesday Last Week)
Someone kindly posted a link on swing trading- part 1 and part 2- I read part 1 this morning and have been looking for part 2 without success. I should have been more careful in noting it. I thought it was post 22 but it couldn't have been on this thread. Can anyone help?
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