Jump to content

Recommended Posts

Dow daily putting in a pin bar up off triangle bottom.

 

 

US30(£)Daily.png

Share this post


Link to post

Dow and nikkei looking higher and dax is a maybe while asx lingers around support.

NFP day today so might be a bit dull til then.

 

 

indy.PNG

Share this post


Link to post

Dow looks like wanting to push higher but wait for the break.

 

US30(£)Daily.pngindy.PNG

Share this post


Link to post

Looking at the simplest most profitable trading strategy since year 2000. Buy in November and sell in May, 112% return.

 

may2.PNGmay1.PNG

 

 

Share this post


Link to post

How many months did it lose?How many consecutive years did it lose?

Share this post


Link to post

If you look at the chart it tells you there were 18 trades (one a year) of which there were 14 wins and 4 losers.

Share this post


Link to post

If they had two consecutive bad years do you think somebody would bother ?

Share this post


Link to post

Err ... yes, that's how trading works. A strategy that has a winning ratio of 78%, a max drawdown of 35% and a return of 112% over 18 trades.

Share this post


Link to post

That is not trading, that is investing.If it does not work ,leave it as a long term term investment.

 

That is not trading a all.

Share this post


Link to post

I dunno man - I think that’s a pretty good strategy. Good chart and trade idea Casey

Share this post


Link to post

6 months is not investing, 10 years is investing. Warren Buffet would be laughing at you.

Share this post


Link to post

When did you make up those definitions?

 

He would most certainly be laughing at at intraday price action forex  scalping EA trader.That is why I am the one who never dun it.

Share this post


Link to post

Panda 

 

Idea is good ,but not practical, after you lose 2 years amd are into your 3 rd year, then you deicide it may not work in the future.I admit Casey is very good at theories.

 

It is like the trend follower who can't take  the 7 losses in a row and 6 months of no profit.He quits  because it is not practical.

Share this post


Link to post

This last post does not make any sense, please try again in English or use the Google translation function.

Share this post


Link to post

That last post doesn't make any sense either. The strategy is successful. The proof is in front of you. One trade lasting 6 months, taken every year, for 18 years results in 14 wins and 4 losers (this obviously includes the crash 2007, 2008).

 

What is there not to understand about this.

Share this post


Link to post

You are not going to work for 2 years without pay, but you expect others to do it.If a strategy had a 2 year drawdown and no profits, nobody is going to trade it.

Share this post


Link to post

It is just another trade, you open it in November and close it in May. Over the last 18 years 14 were winners (78%) and 4 were stopped out (22%).

 

You never actually read the post did you. This happens often, you jump in to critique without actually reading the play, this inevitably leads to ongoing confusion as the points you raise don't have any reference or bearing on what has actually been put forward.

 

No one said it had to be your only trade of the year, that doesn't even make sense. Any strategy could have 2 losers in a row, so what. It is a trade not an investment, it doesn't pay dividends through the year, a profit is realised when the trade is closed. Many traders hold trades open for months at a time.

 

None of the points in your last post have any meaning or relevance to the actual strategy.

 

 

 

Share this post


Link to post

, any chance of  AUS200 breaking 6160 any time soon? Then it's a clear run to the all time high of 6860 from 2007.

 

indy.PNG

 

 

 

Share this post


Link to post

Hi   Good question, and good timing for the question.  There is a decent chance the ASX could reach the 6160 level as this month is our financial year end, meaning often (no guarantees) the large institutions (local) fiddle their books for this (tax tricks).  If needs be, they'll get up there against global headwinds.  

But you never know what they're doing...  I'll have a think about it.  

After that, hard to see it getting near the 2007 record.  Amazing it was that long ago...

Share this post


Link to post

  That's right, the high just before the crash, it has taken a long while. I was looking at the monthly chart and admiring that near vertical climb between 2003 and 2007.

 

AUS200(£)Monthly.png

Share this post


Link to post

AUS200 looking for another breakout, DAX considers getting back inside the range, DOW looking for support while Nikkei looks to the topside.

Daily charts;

indy.thumb.PNG.88160db24f920db5ef5d1665018f10a3.PNG

 

Share this post


Link to post

Start the week testing support after Hong Kong index drops 1.2%. Dow, Dax, Nikkei and FTSE100 daily charts.

indy.thumb.PNG.85f71d4318915b71b0d50faca2c7b455.PNGsh.thumb.PNG.a84778f9bc098dd5b39f6259c9955b33.PNG

Share this post


Link to post

Dow trying to put a bottom in at prior support, the others following suit.

1 hour and Dow daily charts.

indy.thumb.PNG.29bfd405944e40f5ef7ac0cb42bb34fe.PNG67646858_US30()Daily.thumb.png.a2921bded6c7d4b24aa75a962e5d85bd.png

 

  • Like 1

Share this post


Link to post

Indices halting decline over the Asian session, dow, nikkei and aus leading the way, looking for dax and ftse continuation.

4 hour charts. 

indy.thumb.PNG.9b4867585ceea5d40ef307976a55a74b.PNG

Share this post


Link to post

Dow undecided yesterday so now retesting support at 24084.

Dax drops into prior range and into open space, will need dow to rescue.

 

1920984247_US30()Daily.thumb.png.cca133488d65cb771076a6bcc2e33bcb.png

659073127_GER30()Daily.thumb.png.ebaccca5e67fc0d7ccf22870e2fcc6bd.png

Share this post


Link to post

So dax was indeed rescued by the dow as 24084 held and price reversed in the morning session, then a surge up for both after midday on news Trump was not planning to invoke 'national emergency law' on China.

dow and dax comparison 1 hour charts.

dd1.thumb.PNG.782af1e60689d321cd8603c3c56c9bd3.PNG

Share this post


Link to post

Well that was an interesting one. Chances on this changing before the end of the week as he plays games and flip flops over the economy...

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • #IGForexChat.png

  • Member Statistics

    • Total Topics
      5,524
    • Total Posts
      22,698
    • Total Members
      27,550
    Newest Member
    Joe77
    Joined 16/10/18 14:01
  • Our picks

    • Hurricane season in the US - Where to look for trading opportunities
      Hurricane Michael is already regarded as one of the strongest hurricanes ever to hit US. The worst hit areas of Florida’s northwest coast saw significant damage to residential property, along with President Trump authorizing FEMA to step in and coordinate disaster efforts. 

      Even though the worst might have already passed, the 2018 North Atlantic hurricane season is likely to have sizable effect for the next seven weeks. The effect on the markets can be notable around this time, with the following sectors likely to see an increase in volatility.
      • 0 replies
    • UK Data to forecast stability going into Brexit talks? - EMEA Brief 16 Oct
      U.K. monthly average earnings and monthly unemployment release today at 9:30 BST. Earnings forecast to be stable at 2.6% whilst the unemployment rate is forecast to be 4%. The releases could be an important signal to the current economic health of the UK.
      • 0 replies
    • Does volatility affect IPOs?
      The music entertainment arm of Tencent, which has 800 million users across a variety of platforms in China, had originally planned to go public in the United States imminently. The IPO was initially set to launch as soon as this week but has now reportedly been delayed because of the recent global sell-off. It is not the first company to pull out or postpone an IPO in the recent weeks, and whilst Tencent have declined to comment on the decision, it’s likely to be on the back of volatility seen in the equity markets.
      • 0 replies
×