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yellow knife
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Thu Nov 14, 2019 8:54 am
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Thanks friends I will just keep the data...

Anyway by now I am a longterm investor and not a trader. I am too old to trade though I keep records.

104 Technical trading experiments by HUNTER - Page 2 9k=

104 Technical trading experiments by HUNTER - Page 2 9k=
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Thu Nov 14, 2019 9:06 am
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Wonderful!
Thank YK, for being the volunteer.

As the market is expected to take a fresh direction starting from next week, let's plan to take our first trade there.

So we need to quickly decide on the trading 'set up'.

Please contribute with your suggestion if you have.
--------------

I am thinking of following a customized strategy based on; Elliott waves.

https://www.investopedia.com/terms/e/elliottwavetheory.asp

In order to validate and improve the signals given by Elliott waves, I would like to combine it with some other parameter.
(Any guesses you like to make?)

LSE
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Thu Nov 14, 2019 11:39 am
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I would like to go with Pivot Points Idea


HUNTER wrote:Wonderful!
Thank YK, for being the volunteer.

As the market is expected to take a fresh direction starting from next week, let's plan to take our first trade there.

So we need to quickly decide on the trading 'set up'.

Please contribute with your suggestion if you have.
--------------

I am thinking of following a customized strategy based on; Elliott waves.

https://www.investopedia.com/terms/e/elliottwavetheory.asp

In order to validate and improve the signals given by Elliott waves, I would like to combine it with some other parameter.
(Any guesses you like to make?)

HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Thu Nov 14, 2019 3:15 pm
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Thanks @LSE for the suggestion; I know that is your favorite. Very Happy

I am also thinking of using Pivot points / support resistant levels to define the SL and TP targets.

In addition to that, I am thinking of a signal outside the price movement to confirm the signal.

Will talk about that in coming days.
Topcat
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Fri Nov 15, 2019 4:38 pm
I have read about darvas box therory. But I dont know how to use it.. Hunter can we use it here?
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Fri Nov 15, 2019 5:29 pm
Topcat wrote:I have read about darvas box therory. But I dont know how to use it.. Hunter can we use it here?

Certainly, what I am thinking is, in a way, very similar. It might work very well in bullish market conditions.
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104 Technical trading experiments by HUNTER - Page 2 Empty Trade Set up

on Sat Nov 16, 2019 11:52 pm
Let me explain the suggested trade set up:

Primary indicator - price pattern in line with an Elliott wave expecting to compete the 5 wave pattern.

Validation of the strength of the movement - by contrasting high volume.

In summary: we will look for the initial stage of the Elliott wave formation with high volume of trades.

Illustration of an Example:

Following is the theoretical Elliott wave formation pattern.

104 Technical trading experiments by HUNTER - Page 2 2019-110


To explain this in a real world situation, I will take recent chart of AEL.N.

Following is the AEL.N one year chart.

104 Technical trading experiments by HUNTER - Page 2 2019-111

When the Elliott wave is imposed on AEL chart, it would look something like the following.

104 Technical trading experiments by HUNTER - Page 2 2019-112

When the momentum is confirmed by high volume, it would look like the below.
(Posted below as it seems no more pics allowed in this post)

In this set up:
Entry level is around 15/-
SL - 13/-
TP near 20/-

So the expected profit would be above 30%
Risking about 15%

--------------------

Anyone already traded this...?


HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Sat Nov 16, 2019 11:53 pm
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Chart with volume:

104 Technical trading experiments by HUNTER - Page 2 2019-113
Topcat
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Sun Nov 17, 2019 12:40 am
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Very interesting Hunter.. So we buy at the begining of 3rd wave if volume indicator confirm it and sell after the 5th waves completed?
One more suggestion. Looking at this I think its better to have a trailling stop loss.. Can we do that?
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Sun Nov 17, 2019 7:54 am
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Topcat wrote:Very interesting Hunter.. So we buy at the begining of 3rd wave if volume indicator confirm it and sell after the 5th waves completed?
One more suggestion. Looking at this I think its better to have a trailling stop loss..  Can we do that?  

Thanks for your interest.

* There is no hard and fast rule for buying or selling; but if you're new to trading, good to follow strict rules until you become 'instinctively' confident of your actions.

It is like....; when you drive in a highway at 100 kmph, you 'instinctively' know when to start turning in a bend, when to slow down, when to accelerate when overtaking etc.
But if you're still learning to drive, you better drive slow under strict rules.

* In my view, trailing SL is good for experienced traders; if you're a novice, have strict levels define at the beginning of the trade (don't change anything on the way).

* Yes, as you said, buy at the start of wave-3; TP at the top of Wave-5; SL at the bottom of Wave-2.
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Sun Nov 17, 2019 7:57 am
PS: If you're experienced, you'd be able to buy at the mid of Wave-1 to maximize profits. May be buy at different level as well with confirmation signals.

However, in this experiment, we will stick to pre defined strict rules.
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Sun Nov 17, 2019 9:31 am
Good time to start our experiment...
nuwanmja
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 9:15 am
Interesting thread. thanks hunter.
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 10:14 am
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So, if there are no any other suggestions on the trading set up; shall we proceed with what I suggested?

If so, let's take our first trade in coming days.
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 10:39 am
bounce
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 10:58 am
Here is another example; a set up we might have just missed (or may be not missed by some of you).

104 Technical trading experiments by HUNTER - Page 2 20191111
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 4:37 pm
OK, let's get down to water now!

I see the possibility of trade set-up formation in following shares within next few days.

Do you have any preference, which one we should take this week?

1 AEL.N0000 Access Engineering PLC
2 CITW.N0000 Waskaduwa Beach Resort PLC
3 SIRA.N0000 Sierra Cables PLC
4 KZOO.N0000 Kalamazoo Systems PLC
5 CLND.N0000 Colombo Land & Development Company PLC
6 PARQ.N0000 Swisstek (Ceylon) PLC
7 GHLL.N0000 Galadari Hotels (Lanka) PLC
LSE
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 4:57 pm
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I prefer AEL.N0000 since we have already identified the bench marks study


HUNTER wrote:OK, let's get down to water now!

I see the possibility of trade set-up formation in following shares within next few days.

Do you have any preference, which one we should take this week?

1 AEL.N0000 Access Engineering PLC
2 CITW.N0000 Waskaduwa Beach Resort PLC
3 SIRA.N0000 Sierra Cables PLC
4 KZOO.N0000 Kalamazoo Systems PLC
5 CLND.N0000 Colombo Land & Development Company PLC
6 PARQ.N0000 Swisstek (Ceylon) PLC
7 GHLL.N0000 Galadari Hotels (Lanka) PLC
HUNTER
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 5:27 pm
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LSE wrote:I prefer AEL.N0000 since we have already identified the bench marks  study



OK Then AEL.

Considering the Medium term Elliott pattern, we can buy now at 22~24/- with Stop loss=19/-, Take profit at 29~30/-.
May need to hold until March~April 2020 for TP.

Here is the chart.

104 Technical trading experiments by HUNTER - Page 2 20191112

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WRRKUMARA
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 6:28 pm
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i prefer KZOO Because it,s investing in Quoted company with positive market trend Value Increasing
Ex:-
Their Portfolio Having CHL 400 000 HAYL 330,000

Onal is also it's associate company
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 6:31 pm
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AEL is ok. Very Happy

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LSE
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 6:39 pm
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Dear HUNTER,

Thank you very much for your quick response. This is great. Your target is intercept with my predicted benchmark values for AEL... This is the beauty of TA... cheers Let's see how AEL is going to reach our target in coming weeks alien

https://forum.lankaninvestor.com/t11478p50-ael-n0000#102757


HUNTER wrote:
LSE wrote:I prefer AEL.N0000 since we have already identified the bench marks  study



OK Then AEL.

Considering the Medium term Elliott pattern, we can buy now at 22~24/- with Stop loss=19/-, Take profit at 29~30/-.
May need to hold until March~April 2020 for TP.

Here is the chart.

104 Technical trading experiments by HUNTER - Page 2 20191112

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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 7:15 pm
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AEL Ok with plenty of liquidity.
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 7:21 pm
ගෝඨා සෑර් බයිපාස් එකකුත් කරලා ඉන්නේ . මාර්තු වෙනකන් සුවර් නැ ..... බැරිද වෙන එකක් ? Rolling Eyes Very Happy Very Happy Very Happy

I'll join next week pick Basketball
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104 Technical trading experiments by HUNTER - Page 2 Empty Re: 104 Technical trading experiments by HUNTER

on Tue Nov 19, 2019 8:56 pm
Now wht to do? Game is on? Shld we start buying ael?
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