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Canaccord Share Discussion Threads
Showing 326 to 341 of 350 messages
|Henry, that is a bit of a departure from your normal setup, but neverthless interesting. Hope you are well|
|free stock charts from www.advfn.com|
|Hi Henry, Fives. Very quiet on here. Trust system is still bringing in the points for you both.|
|Hi Henry, Fives,
A bit quiet on this board. Hope you are both well. Had a few losers the last few days. Must learn and be confident about shorting.|
|Not trading much today seems very difficult.|
|Minky, ROFL. Make sure you time your toilet breaks well then!|
|Fives, I will not be deliberately doing that again.|
|Minky, nice one. Maybe I should try a 'Minky' and leave the room and see how I get on when I come back. I can't believe no-one's thought of that one before! ;)|
|Fives, I was trading the ftse. Went out after lunch today and came back to check how my recent purchase of BP was going. Capital window was still open and I noticed the balance at the bottom was changing. I thought that was a bit odd as it usually means an open trade. When I checked there was an open trade and I made 92 points without being aware. A bit stupid really, but all to the good.
Henry, thanks for your support. I am still using the SMI and CCI as a guide but it is still hard to trade with consistency.|
|Fives I also found pre 09:00 hard. Started well with +3,+5,+4 then went downhill with -1,-2 & -11. Post 09:00 quite good though. I have returned email.
Well done minky.|
|Well done Minky. I assume that's SnP500 you're trading.
I've not had a good day. Mostly hesitating on getting out of positions when they go against me in initial stages of a trade. I have been very good at this recently so don't know why today I've hesitated so much. My trading log is full of expletives on this one. I've found today hard work.|
|Couple of trades earlier this morning for 7.2 and 8.2 points.|
|Fives .... I look at the entire trend line first then I look at the last two peaks high or low. So in the case you mention there was a low at about 9.30 and another at about just before 10.00. It is the last line that I would usually use for short term trades/price action confirmation. Whilst I did use this myself to close my price action long position, I didn't go short. To go short with the CCI in positive territory I would have wanted to see negative divergence between the price and the cci as per the 9.10 reversal (double bottom, gap up and breach of the -130 line). Although as you say its counter- intuative I would rather bank a small profit rather than risk loosing it. I would then wait for the next short term trade entry signal to present itself. In the meantime I let the long term trades run.|
Thanks for e-mail.
Question: When you are looking at CCI trendlines. Do you use the entire CCI trendline or only from where the CCI trend and the Price trend are in correlation?
For example today from about 8:37 today until 9:07 the CCI was trending up even though the Price was trending down. Would you use this part of the CCI trend as part of the uptrend to identify a CCI trendline break? It would seem counter-intuitive to do so as the price and CCI are not in line and hence CCI trend would not be indicative of the price uptrend.|
|Things sometimes just do not go to plan. I keep making small losses because I must be anticipating the turn instead of waiting for confirmation.|
Fantastic result. Truly impressive. I am really intrigued to see how your short term strategy pans out as now I am now much happier with the long term strategy after your explanations. However, I am not confident enough yet to take out three positions. Would be very good to get to this stage as this multiplies the winners considerably. As per e-mail sent, I am struggling more with the short term strategy as I have a lot of losing trades on this which can wipe out a lot of the longer term gains.|