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Wave Action
Posted: 11 January 2024 21:46:57(UTC)
#74

Joined: 30/11/2023(UTC)
Posts: 388
ANDREW FOSTER;292430 wrote:


What "trigger" will make you buy...?


Well the exit is the 10 day MA as last resort. That's well and truly broken in recent days. Many a time I simply buy at extreme oversold on momentum indicators especially slow stochastic . See tomorrow as I said . Nothings perfect as we know and can remain oversold for a while.

Trouble is US markets are overbought on daily charts but FTSE oversold. Dilemma ?

https://stockcharts.com/public/1585038/tenpp/1
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Wave Action
Posted: 17 January 2024 12:51:28(UTC)
#75

Joined: 30/11/2023(UTC)
Posts: 388
First purchase this year FTSE 100 ETF . ISF.L at 724.45p . No idea if this a low on my system but it's well oversold on the momentum indicators in daily timeframe. I mentioned in my last post SP 500 is still near overbought so leading markets are a bit " out of sync " . We will see ? FTSE ISF.L 1ST JAN 2024 at 753.1p so a good start for me.



DATE ......... BUY / SELL... TOTAL
1 JAN.................. 753.1
17 JAN........ BUY 724.45 ....100
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Harry Trout on 17/01/2024(UTC)
Anthony French
Posted: 17 January 2024 13:23:35(UTC)
#76

Joined: 09/09/2018(UTC)
Posts: 9,124

Thanks: 151 times
Was thanked: 1909 time(s) in 1333 post(s)
One drawback to oversold indicators, they can stay (oversold)
longer than the mother-in-law.
GL
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Wave Action on 17/01/2024(UTC)
Wave Action
Posted: 17 January 2024 14:02:50(UTC)
#77

Joined: 30/11/2023(UTC)
Posts: 388
Anthony French;293038 wrote:
One drawback to oversold indicators, they can stay (oversold)
longer than the mother-in-law.
GL


You'll need a stop loss or exit strategy for the mother-in-law then ! I've mentioned all of this in my earlier posts . Read back . Could be a crash ? How would I know. ? What I do know after 20 years is extreme calls in a daily timeframe with momentum indicators give decent entry points. So I did just that . I'm in 4% lower for the year. I could buy and hold now and outperform the FTSE for the year but that's not the point. The point to the thread is to show TA has it's uses. 99% don't think so but what can I do ? You were calling for me to buy in the run up to year end . I'd have been buying with indicators on the top. Not for me. Wait until the froth is off then purchase at oversold. Could have waited today until a 5/10 day moving average was broken on the rise but that's the chance you take. We move on and see what 2024 brings. All a game.

EDIT..

Same chart 1 year .Look at the extremes especially on the stochastic indicator and even on the Williams .
Enough chances to make deals together with 10 day moving average for a stop loss in the rising market. Could tighten up to a 5 day moving average at the bottom before you buy ? I look for those "walking stick handles" at the extremes and deal accordingly. They're following the waves of price in general ? Nothing hard about it really ? Just take on board the direction of the US markets and away you go . A poster early in the thread said " keep it simple " . Well I am and at least I'm reducing volatility at the same time.

https://bigcharts.market...oggle=false&state=11
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Anthony French
Posted: 17 January 2024 14:19:45(UTC)
#78

Joined: 09/09/2018(UTC)
Posts: 9,124

Thanks: 151 times
Was thanked: 1909 time(s) in 1333 post(s)
No criticism implied, u know what u are doing, some may not have your experience.
Everyone must trade their pocket book to the best of their ability.
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Wave Action
Posted: 29 January 2024 11:06:37(UTC)
#79

Joined: 30/11/2023(UTC)
Posts: 388
Another deal which was placed 22 JAN . FTSE 250 ETF MIDD.L .

DATE ......... BUY / SELL... TOTAL
1 JAN.................. 1839.40
22 JAN........ BUY 1755.68.....100
29 JAN........SELL 1797.65.....102.3

https://bigcharts.market...ggle=false&state=11

Earlier deal ISF.L now sold.

https://bigcharts.market...ggle=false&state=11

DATE ......... BUY / SELL... TOTAL
1 JAN................... 753.1
17 JAN........ BUY 724.45 ....100
29 JAN........SELL 744.68.....102.8
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Harry Trout
Posted: 31 January 2024 10:23:41(UTC)
#63

Joined: 08/06/2014(UTC)
Posts: 1,012
Big boy;290965 wrote:

As with most things to do with investment 99.9% of Global Investors have access to Charts but some are bright enough to be front runners and others can be LIFO investors.

How do Members achieve the edge over the Global Professional Investors.?

Over 50 years in The Stock Exchange I have not found evidence that it works but some say it is one of the many tools they use..

I have found when 99% have bought that will indicate a near high and a selling opportunity. ie simple supply and demand which operates on a wide basis as we see from 12 month highs and lows. Of course the Companies fortunes are no fluctuating by the same wild swings.

Presume charts picked up the highs of SMT etc. and that there was no support until the SP halved. Again nothing to do with Companies fortune but more to do with supply and demand again and again.

Good morning Big Boy

In a recent reply to me you said that you have not mentioned an "edge" but this post from you earlier this month does in fact talk about edge and appears to suggest that you think your FIFO system provides you with one? At least that's how I interpret it?

Have I understand this correctly and could I ask please, if you are indeed claiming an edge, how you know you have one when you don't calculate your performance?

This question doesn't feel to me like a "stupid comment" or "waffle" or in any way unreasonable to ask on an investment forum so please don't dismiss me again.

Many thanks

Harry
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Anthony French
Posted: 31 January 2024 10:29:04(UTC)
#80

Joined: 09/09/2018(UTC)
Posts: 9,124

Thanks: 151 times
Was thanked: 1909 time(s) in 1333 post(s)
Good morning Big Boy

In a recent reply to me you said that you have not mentioned an "edge" but this post from you earlier this month does in fact talk about edge and appears to suggest that you think your FIFO system provides you with one? At least that's how I interpret it?

Have I understand this correctly and could I ask please, if you are indeed claiming an edge, how you know you have one when you don't calculate your performance?
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Big boy on 31/01/2024(UTC)
Big boy
Posted: 31 January 2024 11:17:12(UTC)
#64

Joined: 20/01/2015(UTC)
Posts: 6,676
Harry Trout;294528 wrote:
Big boy;290965 wrote:

As with most things to do with investment 99.9% of Global Investors have access to Charts but some are bright enough to be front runners and others can be LIFO investors.

How do Members achieve the edge over the Global Professional Investors.?

Over 50 years in The Stock Exchange I have not found evidence that it works but some say it is one of the many tools they use..

I have found when 99% have bought that will indicate a near high and a selling opportunity. ie simple supply and demand which operates on a wide basis as we see from 12 month highs and lows. Of course the Companies fortunes are no fluctuating by the same wild swings.

Presume charts picked up the highs of SMT etc. and that there was no support until the SP halved. Again nothing to do with Companies fortune but more to do with supply and demand again and again.

Good morning Big Boy

In a recent reply to me you said that you have not mentioned an "edge" but this post from you earlier this month does in fact talk about edge and appears to suggest that you think your FIFO system provides you with one? At least that's how I interpret it?

Have I understand this correctly and could I ask please, if you are indeed claiming an edge, how you know you have one when you don't calculate your performance?

This question doesn't feel to me like a "stupid comment" or "waffle" or in any way unreasonable to ask on an investment forum so please don't dismiss me again.

Many thanks

Harry


When my past performance was professionally measured they put me at the top of the ladder. Clearly I am
not in a position to take full advantage of markets as a PI but I do retain some ability to manage money as a PI.

I suspect you know more about the art of investment compared with when you started. Clearly you do hence your page on the forum.

Life doesn’t depend on one word but hopefully this reply is helpful.
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Wave Action
Posted: 31 January 2024 12:27:22(UTC)
#81

Joined: 30/11/2023(UTC)
Posts: 388
SMT has just been mentioned let's have a look. Monthly chart for a long term buy. November 2021 price breaks through orange MA. Indicators all negative within weeks anywhere between 1500-1300. November 2023 all indicators turn positive around 700p . Good stuff . You can only try with the tea leaves . Better than catching a falling knife.

https://bigcharts.market...ggle=false&state=11

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