Series 9 week 7 ,,,Bag n Brag Room
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     ragchewer
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Username: ragchewer
Post Number: 188
Registered: 02-2005
Rating: N/A
Votes: 0
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| | Monday, August 11, 2008 - 08:07 pm: |  
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Rags
I'm off to another great start,,,next week i'm changing over to a different method for the rest of the series as i'm now half way through Series9.A new boat with a different keel is almost built.
Lucky_Phil,,,,,I've looked at you past winner's and a little lost at your recent pick,,,a spanner/red herring in the works i wonder ???
cheers all
Rags
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lucky_phil
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Username: lucky_phil
Post Number: 73
Registered: 06-2006
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| | Monday, August 11, 2008 - 08:27 pm: |
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Yes, not off to a good start Rags!!
My new trading method which has been remarkably consistent to date (unlike all of my previous ones) has not helped this week, or so it looks. I really had a choice between CSR and IGO but thought CSR would encounter overhead resistance so I went with IGO. A 3% drop in the nickel price and most every other commodity over the weekend has hurt. CSR did OK today so my mistake!
Phil
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ragchewer
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Username: ragchewer
Post Number: 189
Registered: 02-2005
Rating: N/A
Votes: 0
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| | Monday, August 11, 2008 - 08:43 pm: |
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Hi Phil,
your % of return had me studying your charts looking to find some common ground,
what i thought i saw was a higher low than the bottom trough and then a break through the high of the structure that formed the higher low,,
untill you picked IGO i can see the structure on CSR though from a few days ago.
How close am i to what your playing with ,if you can Sir ?
regards
Rags
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lucky_phil
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Username: lucky_phil
Post Number: 74
Registered: 06-2006
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| | Monday, August 11, 2008 - 09:36 pm: |
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Rags, not looking so much at patterns but looking for the early part of trends.
Hilarius started a group here a couple of years ago looking at the relationship between volume increases and trends. From my involvement in that group I have used increasing volume in my IC searches. Then I am looking at MACD and RSI to pick the trend direction over different time periods. In this market it is only daily and weekly although I think monthly is also useful. A quick check of MMAs and P&F for confirmation.
I've just looked at my IGO chart and although it is not a strong start to the week and I would not buy I would hold rather than sell - Nickel price is also up 1.5% ATM - so it may yet prove positive only tomorrow knows!
I hope this helps in developing your system
Phil
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ragchewer
Member
Username: ragchewer
Post Number: 192
Registered: 02-2005
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Votes: 0
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| | Wednesday, August 13, 2008 - 10:29 am: |
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oh dear,
now my CDS has gone into trading halt till Friday when they'll be raising funds fingers crossed it's to sophisticated investors at a higher price ,LOL.
Rags
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tryhay
Member
Username: tryhay
Post Number: 1135
Registered: 09-2005
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Votes: 0
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| | Monday, August 25, 2008 - 04:07 pm: |
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tryhay wrote on Sunday, August 24, 2008 - 07:20 pm:PS FWIW LP I would have picked WSA as a short this week ~ chart follows unless it simply backtests the breakout...
Quote from here <http://forum.incrediblecharts.com/userscripts/forums/show.plx?tpc=8&post=139740>
I'm not trying to bag your pick LP (more trying to put the antithesis ~ as I see it), but FWIW the chart below suggests to me that the expected move is lower IMO with the 'slo sto' rolling over and the price action extended right at resistance ...
Now all I need is for the market to go ape.... and my comment is not worth much but lets see...
Happy trading DYOR
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