Nzd.usd

[Toulouse - Luzern]

Hi Roddy,
I like the Darvas story too.
I read about the book in Dec 2007 and how to apply the method.
Purchased ASX, WOR and WOW in Dec 2007 on the ASX.
If you take a look at the charts you will see all tanked in January 2008.
Darvas was not worried buying at all time high levels if stocks were going higher.
My conclusion is it works best in bull markets that are trending steadily.
I got out of WOW OK but took losses on ASX and WOR. (Big ones for me)
Is there any free software charts available to identify Darvas box opportunities.
I am aware that Protrader had this feature on a pay to use basis.
Thanks & rgds

[roddy]

Hi Toulouse-Luzern i think your summation is good,Darvis which is similar to the Donchian channel breakout systems 20 day high etc i found all work well in trending markets but not so good in range bound or falling markets when there is not the ability to go short as you point out!
i have meta stock 11 EOD and it has Davis high and low it also has Donchian channels which the turtle traders used for their trading system,sorry i dont know of any free charts supporting Darvis
one reason i like fx is before i place a trade i put my stop on whereas the stocks i buy i go a through a broker who doesn't
have a stop facility consequently i do find it a little harder psychologically to pull the trigger when the trade goes against me
whats your preferred instrument to trade?
cheers
roddy

[dumbass]

metastock 11 very flash roddy.

i have contemplated for a while running a black box through meta trader fully automated to a broker and i would have input

in setting trade parameters dependant on market conditions.

i saw one running quite recently and in volatile markets on high sensitivity settings it was impressive.

[roddy]

Hi DA
yes i have heard of a guy who has a completely automated system" robot" who is quite successful, and only has high net worth clients which counts me out. i think he
trials it for a few months before he lets it trade.
at forexpeacearmy they have a forum rating automated systems,but imagine those with a highly effective system would be keeping it to themselves

[Toulouse - Luzern]

Hi Roddy,
I was using CFDs for FX from CMC markets and for the Aussie200. (ASX200)
I had some issues using the CMC platform which may be only related to me, however I decided to opt out as I found it tricky to use over several months.
I use Direct broking for NZX and ASX equities, no issues at all, good systems, however would prefer lower fees.
I now have Direct Broking multi currency account for NZDAUD and NZDUSD.
I am taking a holiday from FX trading just now but intend to open another CFD account and learn the platform thoroughly before trading actively.
We also have Call accounts and TDs, Bonds and significant Man Investments in OMIP; and also Fisher Funds Australian Growth and NZ Growth.
Was using ETFs on the ASX but found many were illiquid eg IHK, ISG, however STW the ASX200 is OK.
Thks & rgds

[dumbass]

closed off all shorts and will have a small long to pass the time before going heavy short after this retracement.

kiwi dollar on the rise , will hold long position with a target of 84 and then look for short entry.

[peat]

sounds like peats got a proper job

makin a difference for Chch.

[roddy]

HI DA
is the count still around the .77 level for the kiwi,i have a small position on will be encouraged if the previous support.7960 is taken out
cheers
roddy

[Toulouse - Luzern]

Hi Roddy,
got close at a low of .79945 2 or 3 hours ago ...

[dumbass]

hi roddy , difficult to set a target at the moment , i would expect short term around 79 but further out possibly a lot

lower. i am expecting the equity markets to melt down and therefore would have thought there would be simultaneous

risk off , kiwi down , markets down.( however SP 500 hasnt broken down yet )

looking at the SP 500 i expect the market to rally from here into mid 1200 before a large move lower , which will take the

kiwi lower as well.

i am personally riding my shorts as the tone is still very bearish.