DB an Geo's Smallcap Smorgasbord

[dr.blix]

ok, this thread will be where geo and myself post our analysis and trades of FTSE 100 and UK smallcap equities.

we're looking to swing trade with TF's around the daily/monthly.

i trade equities through a broker and geo will be SBing them.

we may be going on about indices and relevant FX too, as obviously these all have a bearing on equities.

 

[dr.blix]

i should probably add that whilst geo takes an involved, measured and qualified approach, i often take a rather more emotionally haphazard line on things.

so...this thread will hopefully give some insight on TA for absolute newbies, but at the same time, hopefully, allow the experienced equities traders on the forum to help us.

 

[Geofract]

Nice thread name Dr. B!

I'll be using a mixture of Marc Rivallands swing strategy, combined with other bits and pieces that I have learned along the way whilst trading FX over the last few months.

Since I will be working fulltime again soon, I'll be trading daily bars. This should be pretty leasurely compared to day trading FX, but no doubt with plenty of room to get it wrong! My aim is to learn at a slower pace, whilst making a little beer money.

Bring on the Smorgasbord!

 

[dr.blix]

as i mentioned in the PM then geo, why don't we start with YELL? i haven't traded them for a few months, but i have a decent amount of chart analysis that i could share.

it's not smallcap, but it's not a monster, so maybe a decent place for you to start?

you'd mentioned vodafone and rio, but these are the 100 heavyweights, trading them is like watching paint dry.

the money for the big miners has long gone geo. e.g. i started watching fresnillo when they were 106p! there's still scope in the smallcap miners though.

here are some i've been trading:

RGM
AGQ
AFE
MWA

energy companies:

CEB
SEY

media/tech:

YELL
ITV
INGG
ISYS

fire these on a watchlist.

 

[dr.blix]

i'll post more of the ones i monitor 2moro geo.

i have some ultra high risk medical/bio-tech companies too!

 

[Geofract]

As I posted on another thread...

A very bearish E$ today! We've already exceeded an average days move and it's only 11.00 am.

Today we breached all the previous lows of last week continuing the H4 short bias.

Technical targets are now 1.4580, 1.4540, and 1.4490 - if they are met, then the FTSE will breach 4954, making for a short bias on the dailies.

The Dax has already breached it's previous swing low of the 5th October, making a short bias on the dailies.

The wheels are coming off

 

[Geofract]

Possible short setup for RR.

Breach of previous swing low on the 2nd Oct = short daily bias. Looking for 3 days+ pullback before entry. today we made a new low, and breached the red TL. 1st Target 420 ish, then onto 400.

Red dashed lines are S/R levels.

Not much of a trade for you though Dr.B, unless you decide to SB it.

I'll have a look at Yell later DB.

edit: thanks for your watchlist btw.

 

[Ciao]

Hello

at last a thread on UK shares/market well done dr,blix :clap: and nice to get to know you Geofract

in my little way I will put what I can but I run a 600Fiat you 2 a Ferrari..
as I already have explained on the dr.blix journal thread
http://www.trade2win.com/boards/trading-journals/77254-dr-blixs-trades-shame-journal-5.html

my main market is USA but do a bit in the UK at the mo I hold PXS
I wish someone start one for USA equities as well... otherwise I will have to do it (God help you)

see you later ... time to get ready USA is opening

 

[dr.blix]

Possible short setup for RR.

Breach of previous swing low on the 2nd Oct = short daily bias. Looking for 3 days+ pullback before entry. today we made a new low, and breached the red TL. 1st Target 420 ish, then onto 400.

Red dashed lines are S/R levels.

Not much of a trade for you though Dr.B, unless you decide to SB it.

I'll have a look at Yell later DB.

edit: thanks for your watchlist btw.

so you're looking for a confirmed breach of your T line at a nice fib + important historical price level...with a double top to boot!

nice setup geo

 

[dr.blix]

Hello

at last a thread on UK shares/market well done dr,blix :clap: and nice to get to know you Geofract

in my little way I will put what I can but I run a 600Fiat you 2 a Ferrari..
as I already have explained on the dr.blix journal thread
http://www.trade2win.com/boards/trading-journals/77254-dr-blixs-trades-shame-journal-5.html

my main market is USA but do a bit in the UK at the mo I hold PXS
I wish someone start one for USA equities as well... otherwise I will have to do it (God help you)

see you later ... time to get ready USA is opening

good to have you here ciao

i'll post my charts of provexis on here for geo to check out too. (PXS is a UK equity ciao has been trading geo)...

 

[dr.blix]

here are some more of my watchlist for you to check out geo (and ciao):

kopane diamond developments

tower resources plc

discover leisure plc

oxus gold

provexis plc

sareum holdings

LED international holdings

synchronica plc

african copper

aurum mining

empyrean energy

frontier mining

pan andean resources

 

[dr.blix]

you should have a look at provexis geo.


chart 1.

provexis took a nice bounce off a 50 MA on the weekly TF.

6.9p is a really key level. it's an important historical support and resistance level. taking 6.9p out and using it for support would be a great signal (i think this is now the case).

chart 2.

an opening gap, a nice bullish sign...now acting as gap support. (H4 TF)

chart 3.

if 6.9p holds as res and the indices take a tumble (or PXS has bad data/news) then the orange lines are where i'd see potential support levels. (4.2, 2.8, 1.5)

looks like PXS has now breached the 6.9p level...looking good for you here ciao!

 

[dr.blix]

whilst there is a little bearish osc div on the daily geo, there's also some healthy bullish osc div on this 442 level.

 

[dr.blix]

quite a close correlation with RR and the FTSE geo.

RR appears to respond sensitively to FTSE movements...might be a good idea to pay extra attention to the leader.

 

[Geofract]

quite a close correlation with RR and the FTSE geo.

RR appears to respond sensitively to FTSE movements.

Yeah, I noticed that too. Time will tell if it's an ok setup - right now I have to wait for a 3+ day pullback before entry.

I managed a few good calls in FX land, but I haven't traded equities in a long time. Even when I did, it was more like gambling! Hopefully I can make this work, but I have no idea how technical equities are, at first glance, I would say not very. Fibs maybe useless. All shall be revealed in time anyway.

Hi to Ciao btw. Which part of Italy are you from? I love Italy, great place. Hopefully more folks will join in like yourself.

I'll take a look at Provexis guys. Meanwhile, I just have to say that Rich Tea chocolate covered biscuits are superb!

 

[Ciao]

Hi to Ciao btw. Which part of Italy are you from? I love Italy, great place. Hopefully more folks will join in like yourself.

I'll take a look at Provexis guys. Meanwhile, I just have to say that Rich Tea chocolate covered biscuits are superb!

Hi Geo I live in the Italian Riviera between San Remo and the French boarder (not too far from Monte Carlo)

see you around

 

[Geofract]

I made a little stock screener for PRT to screen stocks based on a 14 period ATR value. I'm not too concerned about the overall value of the share, but since I am trading EOD daily bars I don't want the range to be too large.

Here's the code for anybody who's interested.

timeframe (1 Day)
atr = 0
atr = AverageTrueRange[14]

p1 = (atr >= 10)
p2 = (atr <= 40)

sp = close
c1 = (sp >= 750)
c2 = (sp <= 1500)

SCREENER[atr and p1 and p2 and c1 and c2 ] sort by atr as "ATR"

change the P1/P2 numbers to adjust the ATR valued returned - currently it returns ATR's of 10 to 40

change the C1/C2 numbers to adjust the share price returned - currently returns shares of £7.50 to £15.00 or $ equavilents.

I have this set to search the LSE, but you can change that to AIM, or whatever else you like.

There's a whole bunch of stock screeners and trend detection modules built into PRT, so even if this is useless, there might be something there of interest. I could probably programme Golden Cross detection and the like, if anyone needs that kind of guff

 

[dr.blix]

I made a little stock screener for PRT to screen stocks based on a 14 period ATR value. I'm not too concerned about the overall value of the share, but since I am trading EOD daily bars I don't want the range to be too large.

Here's the code for anybody who's interested.





change the P1/P2 numbers to adjust the ATR valued returned - currently it returns ATR's of 10 to 40

change the C1/C2 numbers to adjust the share price returned - currently returns shares of £7.50 to £15.00 or $ equavilents.

I have this set to search the LSE, but you can change that to AIM, or whatever else you like.

There's a whole bunch of stock screeners and trend detection modules built into PRT, so even if this is useless, there might be something there of interest. I could probably programme Golden Cross detection and the like, if anyone needs that kind of guff

n1 geo, i've let PRT sit there criminally underused...i'm going to fire your screener up and have a play...

 

[dr.blix]

bullish osc div and a potential bullflag on the FTSE H4 if anyones interested btw...be interesting to see if it has the effect of keeping us upside of the 5000 2moro.

 

[dr.blix]

ok YELL.

no, not out loud (shnarff :cheesy...

i might go long on this, depending on the FTSE and depending on its channel floor holding.

bullflag in a channel (which is an exact copy of an earlier channel that i'd created in april), bullish osc div on those final candles...also a potential 21 on the weekly TF.

stochastic hovering around oversold.

current price sitting on june 12 support.

current candle rebound off 200 MA (not that this means anything to some people).

125MA recently crossed over 200MA into positive territory.

possible upside of + 35% to channel roof from 42p to 56p.

stop at 37p = 10% risk to position size giving a 1:3 R/R.