I was planning to add to my long position on Ford with a pullback but did not and missed out on an opportunity when it dropped to 14.50 – 14.80 range. Hard to say how long Ford can handle the headwinds of rising oil prices but it remains in a nice uptrend. IIF has shown some strength to get above its 50 day exp moving average but is still below its 200 day ema. I would keep a sell stop on long positions right below its previous support at 23.20..
CREE has shown weakness and a down signal from 1/14/11. I wish I could have pointed the signal out to my friend who owns it, when it was 63.77 but I do not trade CREE.
Wow..interesting comment on CREE. Following signal appears a way to go in all cases. But then not every one can do individual/signal based trade. So back to PROS..
ReplyDeleteRahulda-
ReplyDeletewhen you get some time can you do a post on what are the things you are looking for when you are coming up with your timming signals.
questions -
1. Is it only price dependent
2. do you look at non price indicators(new high/low up down vol, nymo or other things)
3. is it based on divergences
4. do you have multiple/scalein entry solutions.
Bill
Bill, I have about 20-25 solid trading systems that I rteally like among the many more that I have. Some are canned and some are mine. Many are straight based on price. Others have more factors interdependant on each other. I also like a system having major and minor signals, will show one on AAPL that I like to use.. My intention is to show various ideas that I have developed or just like, and give people an exposure to how good they can be; but I am not comfortable sharing them openly for various personal reasons.
ReplyDeleteI can say that I am not using a system based on divergences although I do think that it is a good leading technique, as long as one keeps a tight stop in case it does not behave as expected. I know one person who used to sell a Divergence based system for around $500. I have not purchased it alkthough I did think about doing that. Metastock does not have an add-on available based on divs, as far as I know.
Regarding scaling entries, that is a great topic. I will write about it later. In the past I used to trade all in and all out; but keeping it only a small percentage of the portfolio and managing losses to <3% of the portfolio.. But I do think there is a better method and I have to slowly teach my brain to do what I am not so comfortable doing.. will write more about it later. Great question.
Bill Babu, apni trading er bishoy anek janen...
Ishwar, I agree with your comment. Unfortunately there are many shysters out there among the so called PROS... seems like all they want to get your money to manage; whether they can do it well or not.
ReplyDeleteRahulda,
ReplyDelete25 strategy thats 23 more than what i have. I have only 2. one is mean reversion and other one is rotational . All my stuff is experimented on indexes only and i stay away from single stock. Most i can think of trading options. anyways would like to learn from you.
I will email you later thanks.
Bill