Mobilicom Ag Share Discussion Threads

[druid2] 19/7/2002 22:09

Someone on the Traders' Thread asked about Tick & Trin and another poster referred him to this thread(MOM). I have found it very interesting and informative. All the posters show a great depth of knowledge and are friendly unlike on some threads.
Thanks rufus
druid.

[im001] 23/6/2002 17:19

to the top

[gedy] 30/4/2002 09:05

I have just signed up on ird for a 7 day free trial. I have been using the Lycos web site for watching how the TICK and TRIN behave in different market conditions. I do have an account with IG Index, but after some rather reckless bets I am now being much more careful.

A question that I would like comments on please: Yesterday (Monday) the Dow futures were well down some hours before the market opened, suppose I took the view that the futures were indicating a much too pessimistic open and placed an up bet (I'm not sure that IG Index allow bets "out of hours" anyway). As it happened the futures price rose as the open approached and an up bet could have been closed for a small profit. In the market conditions at the open yesterday the Dow in fact rose and if it were possible an up bet could have been closed at a higher level than just before the market open. I know that it is extremely risky to trade at the market open, but is it as risky to trade before the open and close any position before the market opens.

I do prefer to trade when the market has "settled" after the first 30 minutes of trading as the TICK and TRIN figures can give a more informative indication of short term movements. In fact yesterday at the open TRIN was less than 1.0 but rose to around 1.5 fairly soon after the open and never while I was watching fell near 1.0 for the remainder of the session. I went out yesterday evening and checking after I returned, I found that the Dow had fallen 90 points on the day, which was not a surprise to me. My stategy is to use TICK and TRIN to find entry and exit points and charts/TA and news to determine the general direction. At the moment I feel that the trend is still down, I see nothing that could trigger a strong rally except a sudden feeling that the market had fallen to far and bargain hunters are tempted out, in that case I would expect a "suckers" rally and would be very wary of betting up, although if it the rise is as good as the one in March then 500 points is not a bad move to make some decent profits on!

[ljhc] 20/4/2002 17:54

Thanks JohnKemp. Will have a trial.
Lucy

[johnkemp] 18/4/2002 09:00

Have a look at IRD/Realtick at www.ird.com
Not free, but makes the facilities on lycos look very sorry indeed ! You can do a weeks free trial, and they cover loads of markets with the only additional cost being the exchange licenses.

[ljhc] 17/4/2002 13:16

Russell.
Is there a site similar to lycos which can track the UKX in a similar way?

[goalkeeper] 11/4/2002 17:50

Russell, in the last two sessions this thread has been a tremendous help.
Thanks for your time and to other contributor's input
Goalie

[jimmylaw9] 24/3/2002 12:41

Russell good thread would like to say that i am making good points profits at the moment with my settings which are best seen on a posted chart below. I refer to the momentum trend line. Simply draw a line over the tops for downtrend or bottoms for uptrend and when trendline breaks buy or sell accordingly. Although i have posted stocks it also works well on the dow on lycos.



The above example so an uptrend at the beginning of feb and ended by a break at end of march. A sell on this mom trend line break would have netted a nice profit. It's a very good indicator and with discip[line works a lot of the time.

[rufusredcut] 24/3/2002 09:10

Thanks Jimmy,

I'll put that to practise next week. I't's interesting [and perhaps I'm stating the obvious] how the different indicators often work hand in hand. On your example the RSI simply used in the traditional way would have given perfect overbought/sold in both Feb and March alongside your momentum trend lines. Unless there is something seriously wrong with the stock [which I haven't checked] it looks like it might be entering oversold territory soon. I will watch to see when the momentum down trend is broken as a matter of interest.

Thanks again I'll see how the buy/sell signals work next week on the Dow.

[lakus] 19/3/2002 17:12

Fantastic stuff, back to the top methinks...!

Lakus

[yantraman] 15/3/2002 18:01

Just got round to reading this after coming accross it last year. I don't trade the dow (yet) but am looking into it.

I am really only posting to put this at the top of the list which is how I came accross it.

Simply a brilliant thread.

[goalkeeper] 09/3/2002 10:28

Russell congratulations on an extemely informative thread

I think it should be pulled up every weekend for our bit of homework/revision

As firemangee put it on the Active Barclays thread "everyone tries to help everyone else"

Thanks for other contributions - keep them coming.

[bitsofwood] 20/2/2002 23:51

After your reply to me yesterday re needing a reason to enter a trade, I have read up this thread and some other TA lessons. My trading is at a very low level financially, but tonight I had my best trading for a while...admittedly the dow went up 200 points to help, but even my shorting came right most of the time. I did have one bad one which I bought at 9774 when the tick had just turned positive after being -566 and it had just touched the lower band. The trin was 1.16 down from 1.33 a few seconds before and the rsi had just started to climb. I staked higher than normal, and the tick immediately turned negative and it started to drop. It stopped me out at 9734 bid (my stop-loss) and I sold out, only to watch it start rising again a few moments later. I need some practice at this, but as you say, it isn´t rocket science!
Thanks for your help...
Regards,
TONY

[wageslave] 19/2/2002 21:08

Fab post Russell.

[kknl] 18/2/2002 15:44

I am most impressed with this site Russell. I have taught you well!!!
N.x

[danthomas25] 16/2/2002 15:15

Russ,
cheers again for this, top thread, interesting reading.

Found the 1min bollinger bands of yesterday very useful, didn't lose a single trade! But still cautious of course...

I'd be interested to hear of your success rate using these methods. But if that's rude to ask just say so, no offence.

Cheers,
Dan

[rufusredcut] 14/1/2002 22:57

John,

Thanks, I have changed the URL to give the biggest chart available for free. It is a pity Quote.com changed but I find the free chart still tradeable. You will probably have to buy the bigger chart if this is still too small.

I will be interested in your observations as you trade the Dow using the indicators and so feel free to contribute.

Russell.

[johnkemp] 14/1/2002 20:54

Russell,

Have just found this tread, and wanted to say thanks for posting this very useful and clear explanation.

Also, am I right in thinking that sometime around Christmas quote.com changed things so that you can't get the free charts in the larger size anymore ? My old IE favourites and the one in post 1 above don't seem to work anymore.

Is everyone out there now paying $9.95 a month for the "Live charts basic" service or is there another way in that I haven't found yet ? I think $9.95 is cheap, and I don't have a problem with paying for the bigger chart to save my eye strain, but I just thought I would check first...

Thanks,
John

[tecs] 05/12/2001 00:16

Bensta.

Morning. Do you know how to post charts on the bb. Want to show you a 15min chart of ftse. looks like a sell to me.
Also can you get this bb to auto refresh when a new post arrives on the thread ?

[lockswann] 29/11/2001 18:35

Russell

Thanks very much for you reply - here and on Traders Thread. I will study what you have said on TT and follow-up on the link above.

Thanks again.

Ian

[rufusredcut] 29/11/2001 18:24

Ian,

I have replied to your obsevations. Try this site for a more complete answer to MACD . Scroll to indicators and then MACD on left of page.