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     dug
Member
Username: dug
Post Number: 2332
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, March 11, 2007 - 03:02 pm: |  
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Wanting this thread to cover d'Gamut of devising,contriving,
What is THE Method endorsed by IC Forum?
I'm doing "How2 Tickle d'Swamp Dweller"
Feel Free!
You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!
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macca888
Member
Username: macca888
Post Number: 128
Registered: 10-2002Rating: 
Votes: 1
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| | Sunday, March 11, 2007 - 06:47 pm: |
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G'day all
Ok dug. I'm up for it.
"When the pupil is ready the teacher appears"
Even though you have been a naughty boy and put on detention too many times I think I see a hand not drowning but just waving.
I'd cut and paste my current trading plan but I know you would frown on that. Plus it's my "intellectual property" and it suits me, my personality and temper a ment.
You need to own your own.
Lets talk first about RISK MANAGEMENT or CAPITAL PRESERVATION or DIVERSIFICATION.
Seems topical to start with. Whattaya reckon?
But first a few hoary old chestnuts to chew over as a basis of our diss cussion.
Now let's see, how about
1.Trade with the trend
2.Let profits run
3.Cut losses short
4.Manage Risk
Are you still with me or am I going too fast for a Queenslander. Perhaps I should go backwards?
So with that in mind we could lay down some palaver about Market Risk, Portfolio Risk/ Diversification and finally Stock Risk (I'm getting the feeling this is getting riskier as I proceed.)
Now I work on the basis of doing things that are repeatable (no, I'm not talking food again).
So if you work on "gut feel" maybe you should get a dose of daily bread.
Also, I like to have data to back up my ideas or opinions.
So how are we going to measure if Mr Market is bull or bear or in between (ranging)?
Hint- KISS  , we might use some longer term ma's to decide bull or bear and then use on top of them some shorter term ma's to decide if we are ranging or raging?
Have a look at the XAO (closest indice to the swamp dwellers) and let me know what you think, if anything.
Look forward to your chart, as homework, with some ma's on it.
regards
888
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
"A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore
"The only sound reason for buying a stock is that it is rising in price.
If that is happening, no other reason is required.
If that is not happening, no other reason is worth considering".Nicolas Darvas
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msparks
Member
Username: msparks
Post Number: 811
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Sunday, March 11, 2007 - 08:04 pm: |
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Good on ya Macca
How does guppy do the trend definition ?
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macca888
Member
Username: macca888
Post Number: 129
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, March 11, 2007 - 09:27 pm: |
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G'day msparks
Yep, I can almost see where you are coming from but with an included legend I could reproduce it and comment. It's part due to my need for exactness.
Help me out a little here or next thing capo will emerge from deep down in the hold after swallowing too much bilge water and ask for my contract notes. Quelle horreur, mon dieu!
You might also see how those little puppies work out in the last ten years (or twenty).
We've made a start sans duggles. He's off in the corner simpering about past glories again but maybe he's got the desire and heart to contribute.
After all, it was his request we make a start.
regards
888
Are you with me dug or have you jumped ship?
This will never be "the method" but it may lead to your method.
If you are not part of the solution you are part of the problem.
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
"A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore
"The only sound reason for buying a stock is that it is rising in price.
If that is happening, no other reason is required.
If that is not happening, no other reason is worth considering".Nicolas Darvas
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dug
Member
Username: dug
Post Number: 2342
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Monday, March 12, 2007 - 12:48 pm: |
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macca888,
you want to talk about Money Management,Moving Averages,Stop Losses?
I don't.I have nothing much to add to any such discussion than what I've read in Books?[would you believe that i went to School with D Guppy??]
Anyhow,you should try and engage Archer in such Chat.
Like d'Cap,he's got an "edgy" approach that borders on d'NONE at ALL.
you go chat wid d'Likes of him.Generate somsDing interesting instead of comin d'Lap at me
4 d'TRUE Negative Vibe Makers in disPlace.
You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!
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msparks
Member
Username: msparks
Post Number: 821
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Saturday, March 17, 2007 - 05:58 pm: |
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Hi Macca
I think Dugsy and Skipper have been banished to dog house for a while.Seems to always happen when the market has a hiccup.
We are talking about short term trading,and in the low price shares, to get an entry.
We need a simple trend indicator.The guppy indicators look good but do not qualify as KISS and may be a little late and ambiguous.More for a long term system.
How about the 5 ema is above the 20 ema ?
Would that be simple enough to define a trend to allow an entry, Macca or are you looking for above the 100 ema or 200 ema as a general rule?
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