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Pavilion103 showed us his enthusiasm to trade break-outs from small price consolidations. We traded many and noticed that the number and profitability of these opportunities vary due to current market conditions. It's time to create more opportunities by expanding our range of BO setups and adding another strategy. A new strategy means more scans, another watch list, but we should be able to slip it into our existing ASX equity trading system. That's going to be your first organisational challenge. We'll go through these extra setups soon.

(1) We are going to expand our break-out opportunities.
(2) New strategy. We are going to trade the anticipated price swing after a corrective pull-back. I'll explain the setup and multiple entry triggers later.

I'm going to give a an extra challange and you have less than a week to get organised (I sound like a TV reality show, sorry). There's no rush and no pressure the markets will be there when you're ready.

We are also going to add another trading system to our trading business.

We've seen that the market can go down and being long only is not fun. When the index goes down, we reduce our open risk and protect our capital, but we can't profit from the move or offset the loss of open profits unless we can short. I'm going to include shorts on the index only. I've thought about shorting individual stocks but there can be issues with availability and we will be exposed to the occasional stock shocks. Trading indicies removes the stock shock and they are available to trade almost 24hrs. Most cfd providers offer an ASX index that we can use.

(3) Trading the ASX200 index (long and short).

That should make you both excited and overwhelmed. We will go through the extra BO setups first, then the pullback setup and multiple entry triggers. I'll leave the ASX200 index trading system until we need it, but you've been warned that it's coming. At first we'll only use it when we are near fully invested (long) and it looks like the market may turn down. We'll use it to offset the loss of open profits and if the market continues lower we might make a profit as well. This is not a hedging system.

<blockquote data-quote="peter2" data-source="post: 873145" data-attributes="member: 13908">Pavilion103 showed us his enthusiasm to trade break-outs from small price consolidations. We traded many and noticed that the number and profitability of these opportunities vary due to current market conditions. It&#039;s time to create more opportunities by expanding our range of BO setups and adding another strategy. A new strategy means more scans, another watch list, but we should be able to slip it into our existing ASX equity trading system. That&#039;s going to be your first organisational challenge. We&#039;ll go through these extra setups soon.&nbsp;(1)&nbsp; We are going to expand our break-out opportunities. (2)&nbsp; New strategy. We are going to trade the anticipated price swing after a corrective pull-back. I&#039;ll explain the setup and multiple entry triggers later. I&#039;m going to give a an extra challange and you have less than a week to get organised (I sound like a TV reality show, sorry). There&#039;s no rush and no pressure the markets will be there when you&#039;re ready.We are also going to add another trading system to our trading business.&nbsp; &nbsp;&nbsp; We&#039;ve seen that the market can go down and being long only is not fun. When the index goes down, we reduce our open risk and protect our capital, but we can&#039;t profit from the move or offset the loss of open profits unless we can short. I&#039;m going to include shorts on the index only. I&#039;ve thought about shorting individual stocks but there can be issues with availability and we will be exposed to the occasional stock shocks. Trading indicies removes the stock shock and they are available to trade almost 24hrs. Most cfd providers offer an ASX index that we can use. (3) Trading the ASX200 index (long and short). That should make you both excited and overwhelmed. We will go through the extra BO setups first, then the pullback setup and multiple entry triggers. I&#039;ll leave the ASX200 index trading system until we need it, but you&#039;ve been warned that it&#039;s coming. At first we&#039;ll only use it when we are near fully invested (long) and it looks like the market may turn down. We&#039;ll use it to offset the loss of open profits and if the market continues lower we might make a profit as well. This is not a hedging system.</blockquote>

[QUOTE="peter2, post: 873145, member: 13908"] [COLOR="#0000CD"]Pavilion103[/COLOR] showed us his enthusiasm to trade break-outs from small price consolidations. We traded many and noticed that the number and profitability of these opportunities vary due to current market conditions. It's time to create more opportunities by expanding our range of BO setups and adding another strategy. A new strategy means more scans, another watch list, but we should be able to slip it into our existing ASX equity trading system. That's going to be your first organisational challenge. We'll go through these extra setups soon. (1) We are going to expand our break-out opportunities. (2) New strategy. We are going to trade the anticipated price swing after a corrective pull-back. I'll explain the setup and multiple entry triggers later. I'm going to give a an extra challange and you have less than a week to get organised (I sound like a TV reality show, sorry). There's no rush and no pressure the markets will be there when you're ready. We are also going to add another trading system to our trading business. We've seen that the market can go down and being long only is not fun. When the index goes down, we reduce our open risk and protect our capital, but we can't profit from the move or offset the loss of open profits unless we can short. I'm going to include shorts on the index only. I've thought about shorting individual stocks but there can be issues with availability and we will be exposed to the occasional stock shocks. Trading indicies removes the stock shock and they are available to trade almost 24hrs. Most cfd providers offer an ASX index that we can use. (3) Trading the ASX200 index (long and short). That should make you both excited and overwhelmed. We will go through the extra BO setups first, then the pullback setup and multiple entry triggers. I'll leave the ASX200 index trading system until we need it, but you've been warned that it's coming. At first we'll only use it when we are near fully invested (long) and it looks like the market may turn down. We'll use it to offset the loss of open profits and if the market continues lower we might make a profit as well. This is not a hedging system. [/QUOTE]

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