| Author |
Message |
     dug
Member
Username: dug
Post Number: 2823
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 12:48 pm: |  
|
Want to GO Long?
No matter what happens,you're In with a Chance?
Pilgrims to MaMMon,
you've got to ditch Bottom Picking and picking Recoveries.
If a share makes a New High and especially an All Time Ever High and fabulously the ATH is hit early in the Shares existence,in these Troubled Times?
well,that's a pretty Supreme Indicator of such a share being a GOer.It's screaming at you to pay ATTENTION.
Anyway,that's what I'm going to follow,fellow pilgrims.
BUT my only access to the New Highs for the Day is the Financial Review.I can't so don't do cut'n'paste.
I propose we open threads within this thread to
a] cover each day's New Highs
b]charts and chat on each Days.There's unlikely to be that many numerically coming up each day at the moment.
c]We determine some Formula compatible to ONLY the IC programme for List Development[that'll save me shelling out $2.50/day for the bloody paper]
d]Any choices anyone makes from d'List [ie BOUGHT] are taken down to Short Term Topic and further discussion goes on there
and...d's enough for me at the moment.
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
coyotte
Member
Username: coyotte
Post Number: 419
Registered: 12-2002
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 01:31 pm: |
|
SST
all time high
for what it means ?
cheers
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
|
dug
Member
Username: dug
Post Number: 2825
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 03:04 pm: |
|
What it should mean,coyotte.
Take a look at SST.Doesn't seem to my eye to fit into a category I want to really Know about.
Bloody $10 share that is Highly Illiquid.Some danged thing that's named about Steam Ships!!?!!
Geez coyotte,know you're not Big on FA but doesn't even a Share's Name give you some Clue? Something for you to embrace or reject?
We have to come up with some Criteria for New High Following,coyotte but firstly we got to get the Pilgrims considering it as THE Contra Break Thru to d'Mindset of bloody Bottom Picking over rated Blue Chips!
See New Highs are a Fabulous mechanism in OverComing FEAR.
AND they sure Dismiss the amateur's Greed that drives the Patsys into wanting ALL the money in the Rise or only shares they been Told about.
New High is just TREND Spotting,coy ote.Ya're just looking for ATH to wave,Hey Look Over Here I'm Winning instead of scabing round in the Dust checking out the once Mighty NOW Fallen.
but there'll come some Examples one day,let's hope soon.
cheers.
(Message edited by dug on January 24, 2008)
Even 'til Jaded.
Dig for the sake of it.
|
coyotte
Member
Username: coyotte
Post Number: 420
Registered: 12-2002
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 03:38 pm: |
|
just threw it in DUG , only one that came up in a IC scan for the last 6 mths -- as i said what ever u make of it .
For a Long System -- whats wrong with Tech-Trader2
1: Stocks within the XJO and Margin allowed
2: Price >.99 and < $4.00
3: On a daily chart >180 ma and > 40ema
4: Has made the highest high for 70 days
5: has now crossed this high within 10 days to now be the highest high (within this period) and close > open
6: Stop -- initial 10% thence 180ma
This is a long term method -- the FA is taken care of by the fact that brokers are prepared to allow it to be margined
The price limits are to allow for at least a doubling in price .
The STOPS -- well i would like to see further development -- but that's the system and it works -- in a Bull market anyhow
cheers
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
|
dug
Member
Username: dug
Post Number: 2827
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 04:23 pm: |
|
coyotte wrote on Thursday, January 24, 2008 - 04:38 pm:This is a long term method -- the FA is taken care of by the fact that brokers are prepared to allow it to be margined
ahh coyotte you trying to provoke lil ol' me into being dis-respectful,are you?
Let's not get into bloody playing with Borrowed Money as Endorsed by bleeding Brokers!!
and really we have a Moral Obligation,at least, to HighLight the Practical Uses of Only the IC Programme.
I'm sure that a run of IC criteria can produce the required list.I just want to check my formula against someone elses.
and Just because the price or profile of the share mightn't suit me,doesn't mean some of the Great Unwashed out there in Viewer Land might not pick it up and run to Riches with it.
But yes,coyotte All Time High can be defined into narrower Time Frames than a Year.I was keeping that in "Reserve".
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
eric
Member
Username: eric
Post Number: 182
Registered: 09-2006Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 04:29 pm: |
|
You can get the 52 weeks high on my web site, if you are so inclined.
Eric
www.tradingaustralianshares.com
|
morton
Member
Username: morton
Post Number: 92
Registered: 05-2005Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 04:49 pm: |
|
This is the system i play. It works really nice.
What is your intended holding time and stop loss method? This is most important.
|
eric
Member
Username: eric
Post Number: 184
Registered: 09-2006Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 05:34 pm: |
|
Morton, which is the system you play and referring to?
Eric
www.tradingaustralianshares.com
|
coyotte
Member
Username: coyotte
Post Number: 422
Registered: 12-2002
Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 07:29 pm: |
|
Dug
was not trying to provoke you or anyone else .
just stating the rules and reasoning behind this system.
disregard or adjust them as you wish .
Tech-Trader2 is a system not software -- u can use a IC search for it and IC has all the required tools ( just MAs )--- or check out it's development at ReefCap .
being a Trend Method it may not be suitable in the current market which i would would have thought required Volatility Methods.
no malice was meant or implied towards you -- sorry if you felt otherwise -- i'll just but out
regards
coyotte
(Message edited by coyotte on January 24, 2008)
(Message edited by coyotte on January 24, 2008)
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
|
rockon
Member
Username: rockon
Post Number: 246
Registered: 08-2003Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 08:26 pm: |
|
52 week highs/lows updated every 20 mins I think.
http://clients.weblink.com.au/clients/equitiesinfo/
(Message edited by rockon on January 24, 2008)
|
philr
Member
Username: philr
Post Number: 347
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Thursday, January 24, 2008 - 08:48 pm: |
|
So MCH is a new high, liquidity would be a big problem with that one.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
|
dug
Member
Username: dug
Post Number: 2830
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Friday, January 25, 2008 - 10:20 am: |
|
Thanks eric and rockon for the New High Links.
yeah morton,a bit more info on your personal experience and/or findings would be educational.
coyotte-lighten up!!It was an Opening Line.
ya're in line for d'philr "Award" for narrow reading and not going over ya thought patterns [See Daily Bread today]
philr-you were "disrespectful" to Cat Lady too in not comprehending her post.Whotcha doin' phil?Applying ya Wazza Buff quote to "d'chicks"!!
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
lafee
Member
Username: lafee
Post Number: 761
Registered: 04-2003
Rating: N/A
Votes: 0
|
| | Monday, January 28, 2008 - 08:58 pm: |
|
Dug,
I think new highs is not extreme enough if you want maximum bang for your buck potential. If your system is designed to buy small parcels of stocks that do things like FDL, HAO, GDA, MAK & ORO have done recently you will one day be the large percentage holder of a medium/large company.
Cheers Lafee
Don't ask an academic if what he does is relevant
|
dug
Member
Username: dug
Post Number: 2842
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Tuesday, January 29, 2008 - 08:53 am: |
|
lafee,
I'm thinking to use the Year Highs/80%+ from, just in this period of uncertainty as a"Proof" that the share has some Basis.Searching for them also provides a very good Guide to Hot Sector.
Example-weekend search came up with 32 candidates but many of these were TakeOvers etc.The chief sector with 8 candidates was Gold.These were
Saint Barbara[SBM]
I can't get the next two past some language error
P
N
A
;
N
G
F;
HEG;GRY;
CNT;CRE.
There was another one Ballarat/bendigo,one of them anyway that I didn't take down it's code.
Anyway some of them were Ranging,had for months so I discounted them and some I've not looked at yet for possible reasons for this High to be Happening etc.
There was a member here Archer who proposed what you are saying about buying $5,000 ish of 2 cent shares and just holding them perhaps doubling/pyramiding if/when some Action happened.He provided some examples Live2Air but unfortunately the Forum Serial Pest[the other one  ] hounded Archer off the Board.
Anyhow it is an angle worth considering to just Buy the pennies of a Sector hoping for a Paladin.It's just a bit too passive for me.
gotta go,
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
lafee
Member
Username: lafee
Post Number: 763
Registered: 04-2003
Rating: N/A
Votes: 0
|
| | Tuesday, January 29, 2008 - 05:34 pm: |
|
Dug,
I wouldn't just sit on them either - but they do need heaps of room. Maybe a strategy based upon always holding top 10 or 20 fastest movers. This game is not about prediction; it is about making sure you don't miss the big one. Thats where the focus needs to be.
Cheers Lafee
Don't ask an academic if what he does is relevant
|
morton
Member
Username: morton
Post Number: 94
Registered: 05-2005Rating: N/A
Votes: 0
|
| | Thursday, January 31, 2008 - 08:21 pm: |
|
I have been buying shares which hit 6 mth highs. The system works really well. I find it picks all the great winners. It just makes sense that for a share to make new highs it has to break old highs whether they were yesterday or 6 mths ago.
Anyhow, I have been playing the system with a short time frame with a holding period of no more than 10 trading days.
However, I have found the most important strategy is the exit signal and stop loss. (I shall keep the stop loss figure a secret).
What did you have in mind for a exit signal? and what is your holding time frame?
|
dug
Member
Username: dug
Post Number: 2849
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Friday, February 01, 2008 - 11:26 am: |
|
morton-
in the current state of the market I'm using Time Stops.If it wallows,doesn't get me to BreakEven+ in 2 days[even less] I sell.
my rationale is I bought with an Expectation and it didn't go according to "plan" so I Stop wasting my Time and get the money back in the Bank.
An example-Bought ZYL for 13.5 cents yesterday.Had a 10%ish Stop in my head 12.Was offline for it doing that yesterday so didn't act.
Today is slow in ZYL,no Buying Pressure exibited in the morning first hour so I sold for 13.
In better times would have been different but not in the present let alone on a Friday.I am in Speculative under 50cent shares though,don't you,morton more concentrate on the ASX 200 and Up using warrants or something?
Happy Trading.
Even 'til Jaded.
Dig for the sake of it.
|
morton
Member
Username: morton
Post Number: 95
Registered: 05-2005Rating: N/A
Votes: 0
|
| | Saturday, February 02, 2008 - 12:21 am: |
|
dug, my data shows no difference whether is 50 cents or $50. I'm happy to play any share, although I do like shares which allow leveraging.
when you bought ZYL, my uplist (6mth high) had 9 shares,my downlist (6 mth low) had 85. Today 11 up, 52 down. I don't like running with the bulls when bears are hunting. When my uplist is larger than my downlist, I'll be back in the market. At the moment there is too much risk for me so I am sitting in cash.
I like you philosophy on 2 day stops, I usually found I was in the red for two days and black for three.
|
dug
Member
Username: dug
Post Number: 2853
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Saturday, February 02, 2008 - 10:35 am: |
|
yogi-in-oz first rabbited about Time Stops and recently Laffee [d'Up2Date]confirmed their General Use.Either of these know more about them than me.
but morton perhaps you should do Highs at LESS than 6 months because that way you eliminate the Market High of November.
I'm using Year Highs to try and find "quality" Goers,Bear Trend Buckers of Small Companies.
It may be that if you did 2/3 month Highs in Blue Chips you'd get the Risers out of Negative Sentiment?The ones with Quality that got sold off by "Gearers" to cover losses elsewhere?
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
dug
Member
Username: dug
Post Number: 2898
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Thursday, February 14, 2008 - 10:15 am: |
|
Some Charts and Chat-
rockon has thread running in Short Term on this one but it's illustrating the Ranging Breakout to New High previously waffled about to hibi.I think it "fails" or doesn't get a "mighty" return because too many load up during the Range and they get bored and so the Sell Ask gets "pressure" beyond the Buyers Bidding but that's just my opinion based on my own mindset.
Now Pipe Networks is an excellent example of New Highs in New Floats.I was on this from 50 cents[check the search IC function if ya demand Proof!]
Anyhow one gets a number of New Floats coming up in the New High List.They don't have to have been floated a year ago to make it.I think they get listed as a new high in a Month usually.
Anyway,there's a lot of myths and fear of New Floats.There's a real feeling that they are CONS and that one should wait for them to establish a year or so's chart before bothering with them.
It's all quite stupid thinking in my opinion because it usually is put forward by dills that lament they didn't participate in the Public Offering so didn't get IN from the Beginning wah,whinge,bleat.
Personally I bought in
a]because IT was being frowned on by the Analysts.
b]Pipe had this cable douver called Dark Fibre that "spoke" to me
c]It was a Brisbane Company and at the time some Asian was putting in some state of the art Housing Development outside Ipswich where the pilgrims were going to be able to turn their lights on before they got home or some dang new fangled Computer thing that needed Cable connections and I thought that was all pretty "Dark" so well,anyway I gave it a Go and did pretty well thanks very much!!
The Moral of the story is Don't Turn ya Nose up at New Floats OR at drawing Conclusions from disparate Facts.
cheers.
Even 'til Jaded.
Dig for the sake of it.
|
philr
Member
Username: philr
Post Number: 367
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Monday, February 25, 2008 - 09:42 pm: |
|
Just looking at this link:
http://clients.weblink.com.au/clients/equitiesinfo/
I don't think the stocks listed are accurate FMG for example had a higher high in January this year. Some of the others are in the same category. It says they are 52 week highs I can not see how.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
|
