35854 replies to this topic

[RusQ]

That wave thing is also starting to grow on me, I also see some of them but most I miss. I also don't want to trade anything different on my main trading account, the problem is I tend to use IG as a test, Every single time I try something in IG it blows up and I end up with Zero in the account, so I think this time I will try the waves on one of the other platforms.

 

G 

my impression is that you prepared to think for yourself? that is NOT a bad thing!

 

ito hedged trades - i consider going long FTSE short DAX sometime soon (closer to home would be long RESI short INDI (or representative counters))...

 

right now, i'm long several rand hedges (in the longer term accounts) and long ALSI in my main trading account.

 

go well...

[grantmu]

yeah! everything you said..

 

time to rely on my system more than ever!

 

i am convinced about the waves (spent enough time studying them), just can't see them in time to trade 

That wave thing is also starting to grow on me, I also see some of them but most I miss. I also don't want to trade anything different on my main trading account, the problem is I tend to use IG as a test, Every single time I try something in IG it blows up and I end up with Zero in the account, so I think this time I will try the waves on one of the other platforms.

 

G 

[RusQ]

personally I think the channel we are currently trading in is so constrained that the pivots cannot be reached. In my view there are forces at work that I cant see, doing things I cant do, and costing me money.

 

also confused 

yeah! everything you said..

 

time to rely on my system more than ever!

 

i am convinced about the waves (spent enough time studying them), just can't see them in time to trade 

[RusQ]

V your posts is as difficult to understand as the ALSI

well, count me mentally disturbed also - it makes perfect sense to me     

[grantmu]

'real', dunno? seems some do, judging by postings on this thread. maybe some proponents can shed light?

 

as an aside: pivots and the associated R/S levels seems to be ignored by Mr Market in recent times? does this mean anything?

 

sorry to add to the confusion 

personally I think the channel we are currently trading in is so constrained that the pivots cannot be reached. In my view there are forces at work that I cant see, doing things I cant do, and costing me money.

 

also confused 

Edited by grantmu, 09 July 2014 - 06:13 PM.

[bear catcher]

V your posts is as difficult to understand as the ALSI

[RusQ]

I no longer use the stop loss, I had a situation where a share dipped sharply intraday just enough to have the stop loss kick in and throw me out my position, then recover to go on and make a respectable gain and close in what would have been a nice profit.

So a substantial loss purely because of the stop loss.

kinda depends where you put the stop loss? i have 'mental' (yeah, it's crazy) levels where i bail. also use some confirming info to execute manually!

 

it is a bit like the way barrier warrants get stopped out. enough participants are aware of the phenomenon, so it becomes self fulfilling. the issuer DOES NOT have to interfere anymore. imvho

[RusQ]

why on earth would you add to a looser, is that a real strategy. 

'real', dunno? seems some do, judging by postings on this thread. maybe some proponents can shed light?

 

as an aside: pivots and the associated R/S levels seems to be ignored by Mr Market in recent times? does this mean anything?

 

sorry to add to the confusion 

[M e r l i n]

I no longer use the stop loss, I had a situation where a share dipped sharply intraday just enough to have the stop loss kick in and throw me out my position, then recover to go on and make a respectable gain and close in what would have been a nice profit.

So a substantial loss purely because of the stop loss.

to no one in particular...

 

'stop loss', in my mind, is the cornerstone of discipline. which i consider rather important if you want to be around awhile.

 

that said, i'm mightily intrigued by some of the trading strategies 'apparently' used nowadays...

 

1. using the same instrument for hedging.

 

2. adding to losing positions.

 

if it works for you, more strength to your arm.

 

neither makes sense to me, but the underlying systems remains opaque, so good luck and awl that...

[Vertebrae]

Believe only half of what you see and nothing that you read

EA Poe

 

Except for Sharechat where A Pope found it necessary to write that ''Fools rush in"

 

[grantmu]

to no one in particular...

 

'stop loss', in my mind, is the cornerstone of discipline. which i consider rather important if you want to be around awhile.

 

that said, i'm mightily intrigued by some of the trading strategies 'apparently' used nowadays...

 

1. using the same instrument for hedging.

 

2. adding to losing positions.

 

if it works for you, more strength to your arm.

 

neither makes sense to me, but the underlying systems remains opaque, so good luck and awl that...

why on earth would you add to a looser, is that a real strategy. 

[RusQ]

to no one in particular...

 

'stop loss', in my mind, is the cornerstone of discipline. which i consider rather important if you want to be around awhile.

 

that said, i'm mightily intrigued by some of the trading strategies 'apparently' used nowadays...

 

1. using the same instrument for hedging.

 

2. adding to losing positions.

 

if it works for you, more strength to your arm.

 

neither makes sense to me, but the underlying systems remains opaque, so good luck and awl that...

[grantmu]

I find stop losses to be rather "wasteful"...let alone the pain of seeing them being "gamed" by the MMs. Hence, I only use hedges. And like what Casenova is saying, once the target is hit, you start making money on the hedge. I only play longs at the moment, as I'm still nervous with the short side...so this hedging works well. It also makes it easy to take a contrarian approach....ie buying when the market is falling or vice-versa. Key is to make sure your total exposure on the long side (for long biased trades), does not exceed your 'normal total'. eg If your account can only take max R50 per pip contract, then all your longs (ignoring the hedge), must not exceed R50! In other words, if you were to take profit on all your hedged positions (like I did earlier on all my longs), you should remain with net exposure not greater than your max risk. Remember the 2%-5% rule?!

 

P.S. I use IG.

I do agree and that is how I trade normally, on this particular test I have set a goal that I will probably not achieve, and in order to get there the 5 % rule went right out the window on day 1. Having said that if I loose the lot it does not bother me that much as this is just a test over 20 trading days. 

The point of the test is to see how far over the 5% I can go and still have money in the bank, I have had good success for the last 24 days. This is a test of trying to catch market moves more quickly and in doing so use 10 - 15 percent and sill stay alive. If I miss a turn I will be in pain. The turns down still cause a problem as I tend to wait to long before accepting the turn down as bigger than just a day drop. 

 

This is all a very risky strategy we will see if I get close to the goal or not.

 

Thanks for the input though.

 

G 

[Motion Picture]

From what I have worked out it does work if you do the planning on the actual j200, but as soon as you are dealing with IG they add volatility to create opportunities, those induced spikes seem to be the problem. have seen them 100 points out of sync especially at the start of trade in the JSE everything hits the stops and the profit goes out the window. Lost plenty trying to make this work. 

 

I have tried the hedging of longs and shorts before...did not work out well...not to say it cannot be done....

 

I find stop losses to be rather "wasteful"...let alone the pain of seeing them being "gamed" by the MMs. Hence, I only use hedges. And like what Casenova is saying, once the target is hit, you start making money on the hedge. I only play longs at the moment, as I'm still nervous with the short side...so this hedging works well. It also makes it easy to take a contrarian approach....ie buying when the market is falling or vice-versa. Key is to make sure your total exposure on the long side (for long biased trades), does not exceed your 'normal total'. eg If your account can only take max R50 per pip contract, then all your longs (ignoring the hedge), must not exceed R50! In other words, if you were to take profit on all your hedged positions (like I did earlier on all my longs), you should remain with net exposure not greater than your max risk. Remember the 2%-5% rule?!

 

P.S. I use IG.

[Argento]

Always nominate the different trends...it being short/medium or long term!

 

The long term trend is still up as intermediate 5 + primary V still lies ahead, so we know this bull got legs into next year!

 

Medium term trend is down as I believe we are busy with the intermediate IV wave, so always leave such a position in for when mr markets decides she goes lower for longer then you think...sitting tight!

 

Short term should be up now...so worth taking a hedge cause that will be extra mula in your pocket as we know she will come down again thus the shorts will cover themselves.

 

Not always that easy but more or less my strategy in a nutshell, important to take the signals and seasonality in account!

 

I don't play IG/cash, to volatile and prices get adjusted a lot, I focus on warrants!It is still volatile but the higher prices gives you room for when she moves against you, difficult to time the daily fluctuations and as the saying goes...the market proves you wrong just before being right!

 

A

Taking a long now with a tight stop, it looks as if we are in a mini wave 2 of 5 up to come!

 

Target 46900ish

 

A

[grantmu]

I have tried the hedging of longs and shorts before...did not work out well...not to say it cannot be done....

From what I have worked out it does work if you do the planning on the actual j200, but as soon as you are dealing with IG they add volatility to create opportunities, those induced spikes seem to be the problem. have seen them 100 points out of sync especially at the start of trade in the JSE everything hits the stops and the profit goes out the window. Lost plenty trying to make this work. 

[Plasma]

Never tried warrants. trying a very detailed trading plan on Cash at the moment, seems to work but only 24 days in so far. have only used shorts to cover drops in this plan, so in effect this is only playing the market in the longs only. The drops loose me some money, as an example the market dropped 890 this time and only managed to convert 540 piont into cover so the end result is I am carrying some additional debt, was thinking of adding cover early but cant work out how to make it work on cash. Seems to eat all the profit before it does what it is supposed to do. Will have to deal with it for this plan. Thanks for the info. G

I have tried the hedging of longs and shorts before...did not work out well...not to say it cannot be done....

[Casenova]

From what I have been reading, the expectation is that the Fed will remain dovish and stick to the path its on so far..ie not raise interest rates sooner. That to me means bullish...just an opinion

Whats funny is i have read the same article on bloomberg... I am not saying its going to be bearish, but IF it is i want exposure.

[grantmu]

I have a stop on the long, if the market drops and strikes the stop, i start making money on the short...and vica verca

is this on cash or something else. 

[grantmu]

Always nominate the different trends...it being short/medium or long term!

 

The long term trend is still up as intermediate 5 + primary V still lies ahead, so we know this bull got legs into next year!

 

Medium term trend is down as I believe we are busy with the intermediate IV wave, so always leave such a position in for when mr markets decides she goes lower for longer then you think...sitting tight!

 

Short term should be up now...so worth taking a hedge cause that will be extra mula in your pocket as we know she will come down again thus the shorts will cover themselves.

 

Not always that easy but more or less my strategy in a nutshell, important to take the signals and seasonality in account!

 

I don't play IG/cash, to volatile and prices get adjusted a lot, I focus on warrants!It is still volatile but the higher prices gives you room for when she moves against you, difficult to time the daily fluctuations and as the saying goes...the market proves you wrong just before being right!

 

A

Never tried warrants. trying a very detailed trading plan on Cash at the moment, seems to work but only 24 days in so far. have only used shorts to cover drops in this plan, so in effect this is only playing the market in the longs only. The drops loose me some money, as an example the market dropped 890 this time and only managed to convert 540 piont into cover so the end result is I am carrying some additional debt, was thinking of adding cover early but cant work out how to make it work on cash. Seems to eat all the profit before it does what it is supposed to do. Will have to deal with it for this plan. 

Thanks for the info. 

 

G