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  1. #181
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    hi peat , im with you looks like it wants to go higher.

    i was watching a potential 'shampoo' on h4 but that was blown out the water, 1061 pivot looks strong.so i am taking the failed head and shoulders as a continuation pattern with a channel line break to boot.

    difficult counting corrections but the main thing is it looks like a correction, happy to be out at the moment.

    1090 next pivot with a gartley maybe aroung 78.6 , pretty boring stuff at present.
    states closed on monday as well.

  2. #182
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    just rereading this thread to get bear market conditioning , shame the charts have gone.
    i reckon we did ok hoop in navigating the last bear market .

  3. #183
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    Quote Originally Posted by dumbass View Post
    just rereading this thread to get bear market conditioning , shame the charts have gone.
    i reckon we did ok hoop in navigating the last bear market .
    Dumbass I guess we may have to start it up again..we had good technical debates last time which were very informative..yes pity about the missing charts.

    Yep I did OK...I feel very chuffed about getting through the last Bear market with a +3% capital gain in my portfolio thanks alot to Pike River Coal..Using the Bear Market strategies of safe havens and buy and selling in the sucker rallies "sort of" worked but I must admit it was a little nerve racking.
    However there were two downsides
    1 If I stayed cashed up I would probably gained more than +3% probably 8% but at the time banks.. trading accounts... and other financial institutions looked an unsafe place to keep large amounts of cash.
    2 I had to pay IRD in capital gains.

    such is life..eh?

  4. #184
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    I am going to post my results on a trial trading sysytem for the dow. The sysytem will generate buy and sell signals that will be placed very near the end of day close

    on the dow ( 10 am nzt ). This is the most manageable way to trade the dow without having to stay up late to place trades. i will not play the futures market but the cash market

    i anticipate a stop loss of about 100 dow points.

    To add a bit of spice to leverage profit and loss, i will trade puts and calls or UDOW pro shares.

    UDOW are index tracking shares with a 300 % gearing, therefore dow goes up 4 % udow up 12 %

    im expecting trades to run from a day to a few days . i will post all trades in real time before the event to make sure there is no funny business.

    i will trade it rather than demo it as i always need a bit of skin in the game to keep it real.

    i would not recommend anyone following it in any way shape or form but look on it as pure entertainment value and you may subjct me to public riducule if it tanks.

  5. #185
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    i have a got a buy signal at close today , i will enter long just as market closes and will detail entry and stop loss.

  6. #186
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    Cool

    Sounds like Fun DA,will look forward to your posts, is your trading system based around Elliot wave?
    is it called ProShares UltraPro Dow30 (UDOW)
    Last edited by roddy; 18-11-2011 at 12:46 PM.

  7. #187
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    Quote Originally Posted by dumbass View Post
    i have a got a buy signal at close today , i will enter long just as market closes and will detail entry and stop loss.
    Hi Dumbass...i'm with Roddy here in looking forward to your posts.

    There's been a strong inflow of money into the DOW these last 6 weeks and a good rise on the index, however the momentum seems to be weakening these last couple of days so that buy signal you got Dumbass will be interesting and a good test of that trading system ..eh.

  8. #188
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    looking forward to it dumbass

  9. #189
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    yes its purely a mathematical based model , no charts. its very contrarian philosphy requiring ballsy trades off large moves.

    the key is to be in early , so looking to enter on a market close to get either a gap open or possibly a big intra day reversal .

    im expecting the market to close higher than today and will ride the long trade until a minor sell is generated to close position or a major sell will generate a reverse position. its really for trading against time zones where trades will tend to be end of day.

    long from 116.71 and gains\losses will be three times the dow move.

    yes roddy thats udow but if it works i will trade puts and calls as the margin requirements are high for this etf.
    Last edited by dumbass; 18-11-2011 at 05:51 PM.

  10. #190
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    Hi DA,

    What actual instrument are you trading here? the Mini SP500 as in ES ???

    I used to trade ES and CL, but since then resorted back to Aus stocks, although may look at dong some more US based trading though the hours screwed me up previously so I guess it depends.

    Can you share with us, are you doing well from those markets?
    --> Watch THRIVE 2011 a must watch Doco! --> Also watch ETHOS 2011 & share the Awareness~!

  11. #191
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    Quote Originally Posted by dumbass View Post
    I am going to post my results on a trial trading sysytem for the dow. The sysytem will generate buy and sell signals that will be placed very near the end of day close

    on the dow ( 10 am nzt ). This is the most manageable way to trade the dow without having to stay up late to place trades. i will not play the futures market but the cash market

    i anticipate a stop loss of about 100 dow points.

    To add a bit of spice to leverage profit and loss, i will trade puts and calls or UDOW pro shares.

    UDOW are index tracking shares with a 300 % gearing, therefore dow goes up 4 % udow up 12 %

    im expecting trades to run from a day to a few days . i will post all trades in real time before the event to make sure there is no funny business.

    i will trade it rather than demo it as i always need a bit of skin in the game to keep it real.

    i would not recommend anyone following it in any way shape or form but look on it as pure entertainment value and you may subjct me to public riducule if it tanks.
    hi drilly ,the above post may help, its a geared CFD. i normal trade sp 500 cfd but i wanted to bring some big leverage into this black box system , really should be playing options.

    im not sure how its going as its my first trade,i have been following it for a while and results have been good but now i have some money riding on it,things changefrom demo trading.
    Last edited by dumbass; 18-11-2011 at 07:35 PM.

  12. #192
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    Ahh forgot about CFD's.

    I look forward to seeing what the results are as I used to read many trader diaries over on another forum called Big Mikes Traders forum. Joined that site a while back and there are huge resources and a good introduction for those for Futures, Commondities etc etc for both Automated and Discretionary trading.

    A few other programs I would recommend for that sort of environment would be Ninja Trader, MultiCharts and X Trader by TT.

    There is also great support for automated trading in both NT and MC which if you use custom made (or paid) scripts, then y9u may want to view those platforms also.

    Sorry for going off track but always interested in seeing others do different things.

    Again, I look forward to the results of your efforts and wish to say thanks for sharing
    --> Watch THRIVE 2011 a must watch Doco! --> Also watch ETHOS 2011 & share the Awareness~!

  13. #193
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    no new signal generated therefore i will stay long.

    trade 1 : entry 1.1671 open status long + 1.8 %
    Last edited by dumbass; 19-11-2011 at 10:26 AM.

  14. #194
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    Hi DA, Well done on your first trade being profitable so far ! Also like to say
    that your trading as a whole is very transparent by that i mean you post beforehand or as you are trading which takes a lot of courage being open to public scrutiny and putting it out there
    cheers
    roddy

  15. #195
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    thanks rod , very generous of you to say that.

    i rather selfishly use the forum as a trading journal and it allows me to have a quick peep at my charts if im following on iphone / ipad.

    thanks

  16. #196
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    Dumbass ????
    Did that system throw you out of the DOW in time??

  17. #197
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    new signal generated
    trade 1 : entry 1.1671 closed stop out 1.1680 breakeven 0 %

    TRADE 2 : ENTRY TODAY 1.0970 OPEN STATUS LONG

  18. #198
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    trade 1 : entry 1.1671 closed stop out 1.1680 breakeven 0 %
    trade 2 : entry 1.0960 closed stop out 1.0670 loss -2.64 %

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