Australian (ASX) Stock Market Forum

Dump it Here

#1. Signal Generator Logo.jpg
Trading a Daily System
I don't particularly enjoy trading daily systems, as the 5 minutes per day it requires can be exhausting. However, as @qldfrog has pointed out, there are advantages to quickly actioning signals rather than hoping for a price recovery after a downturn. Over time, I've come to realise it's better to err on the side of caution. Even if I exit a position prematurely, I can always buy back in.

Closing Out of a Position
While it's still early days, I've learned that a signal generator doesn't always mean exiting with a loss. Just as often, the system will signal an exit with a profit. As a natural trend trader, I've had to overcome the urge to ride out trades to maximise gains, as this can lead to relinquishing open profits. That's why I'm now a strong advocate of incorporating "Take Profit" stops into my trading strategies. With a signal generator, you don't need anything fancy - it can sense when a ride is coming to an end, and that pre-warning is invaluable.

Not Every Exit is a Loser
When reviewing my "Sold Report," I've found that half of the exits are winners, leaving only the open positions still generating profits in the market. This suggests that the signal generator is doing a respectable job of identifying the right times to close out positions, even if not every exit is a winner.

5. Sold Trades.jpg

Skate.
 
Good morning Skate
I am trying to return to normal and appreciating the excellent research information you have shared .
I will read them in between slack time at work and then at home.
Your Panda book could not be downloaded. So if you send separately here or email barunea@gmail.com will be appreciated
Regards
Barun
PS- the young boy I earlier mentioned was 19 years old (incorrectly typed 29). It will be still a tragic loss for family and all others. Ironically Australian press has devoted so many pages on a senator's defection but none on the tragic loss of a young Australian who went to do volunteer work at Ladakh (India).
 
Your Panda book could not be downloaded.

@Miner, the passing of someone so young is always devastating, and I can only imagine the immense grief and sorrow his family and loved ones must be experiencing.

As far as the PANDA eBook
Click on the hyperlinks below

#1. Trading PANDA - ePub Version

#2. Trading PANDA - PDF Version

#3. Trading PANDA - Audio Version

Skate.
 
#1. Signal Generator Logo.jpg
After actioning the buy and sell signals today
The "Opening Summary" is presented with information in two different formats. The Signal Generator $100k portfolio currently holds 9 positions, out of a maximum of 10.

3. Phils Open Summary.jpg


3. Open Summary.jpg


#1. CSL - Purchased today

4. Buy Trades.jpg


#2. MQG - Sold today

5. Sold Trades.jpg

Skate.
 
Re Back-Testing

I believe they should be based on the Buying price and Not last nights Closing price
The reason being is that the lion share of most daily gains are made on the OPEN
How did your back-testing systems work with RXM today ?
RXM GAPPED UP + 61.68% on the open ?
I only allowed for a 10 % GAP on the open (Previous High)

Sailing the RXM-------------------One WEEK at a Time------------------------------&--------------------One DAY at a Time
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While you're here , Capt'n , could you please expand a bit on what drew your attention to the chart , yesterday ?
Thanks in advance , on behalf of the crew .
 
RXM GAPPED UP + 61.68% on the open ?
I only allowed for a 10 % GAP on the open (Previous High)

@Captain_Chaza, when positions gap on the open and trading in the pre-auction, sometimes a 5% premium to the last closing price is not enough. Certainly, your 10% premium also fell short in this case. The chart below shows the buy signal triggered last Friday, indicating an open position today would have been the appropriate action. Unfortunately, with a 5% premium, it missed the ride.

The key trading rules are:
1. Buy the first 10 signals.
2. Only buy signals when necessary to fill a 10-position portfolio.
3. Prioritise buying the lowest-priced stocks.
4. Execute buy and sell orders in the pre-auction the very next trading day, as this is a daily trading system.
5. Determine position size by dividing the closing share price by the dollar value of your next bet.
6. Add 5% to the last closing price to formulate your buy offer. (in the preauction)

RXM.jpg

Skate.
 
Re Back-Testing

I believe they should be based on the Buying price and Not last nights Closing price
The reason being is that the lion share of most daily gains are made on the OPEN
How did your back-testing systems work with RXM today ?
RXM GAPPED UP + 61.68% on the open ?
I only allowed for a 10 % GAP on the open (Previous High)

Sailing the RXM-------------------One WEEK at a Time------------------------------&--------------------One DAY at a Time
View attachment 180231
I believe that mr Skate, as i do use the actual open price in the backtests.
You do point to a real issue: my broker limits the buy on open price to a small percentage above last close, and as such i often miss on gap up.
I did try to code this, but not easy: you can cancel purchase of packets with SP gapping up more than x% above last close
But you need to ensure that this buy is not replaced by another entry
Code getting a bit tricky in amibroker..
 
#1. Signal Generator Logo.jpg

Signal Recording and Weekly Updates
Each generated signal will be posted immediately after the daily market close.

Please note
Last Friday, a "Lime Buy Signal" was generated for (ASX:CSL), and the stock was purchased during the pre-auction. However, at the end of trading today, CSL failed to follow through on the initial move. As a result, a "Fuchsia Sell Signal" has now been triggered, and the position will be closed out tomorrow.

7. Sell Tomorrow.jpg

CSL - CSL Limited

SELL - CSL.jpg



7. Sell Tomorrow.jpg

GMG - Goodman Group

SELL - GMG.jpg



7. Sell Tomorrow.jpg

WDS - Woodside Energy Group Ltd

SELL - WDS.jpg



6. Buy Tomorrow.jpg

ANZ - ANZ Group Holdings Limited

BUY - ANZ.jpg


Skate.
 
Surely I'm not the only one that thinks there's too many buy/sell signals on the charts using that indicator. Crazy stuff.
MACD as the base indicator is not good enough. C'mon we can do better.

The ol'Ducati volatility indicator could assist in this exercise.
 
I believe that mr Skate, as i do use the actual open price in the backtests.
You do point to a real issue: my broker limits the buy on order price to a small percentage above last close, and as such i often miss on gap up.
I did try to code this, but not easy: you can cancel purchase of packets with SP gapping up more than x% above last close
But you need to ensure that this buy is not replaced by another entry
Code getting a bit tricky in amibroker..

While you're here , Capt'n , could you please expand a bit on what drew your attention to the chart , yesterday ?
Thanks in advance , on behalf of the crew .
My deductions were explained in the Sets of Charts I posted over the week-end which you have not acknowledged
 
View attachment 180233

Signal Recording and Weekly Updates
Each generated signal will be posted immediately after the daily market close.

Please note
Last Friday, a "Lime Buy Signal" was generated for (ASX:CSL), and the stock was purchased during the pre-auction. However, at the end of trading today, CSL failed to follow through on the initial move. As a result, a "Fuchsia Sell Signal" has now been triggered, and the position will be closed out tomorrow.

View attachment 180234

CSL - CSL Limited

View attachment 180235



View attachment 180234

GMG - Goodman Group

View attachment 180236



View attachment 180234

WDS - Woodside Energy Group Ltd

View attachment 180237



View attachment 180238

ANZ - ANZ Group Holdings Limited

View attachment 180240


Skate.
No one is immune to Sea-Sickness
I think p2 maybe onto the cure
Original.png
 
#1. Signal Generator Logo.jpg
Surely I'm not the only one that thinks there's too many buy/sell signals on the charts using that indicator. Crazy stuff.
MACD as the base indicator is not good enough. C'mon we can do better.

The ol'Ducati volatility indicator could assist in this exercise.

@peter2, I understand the concerns you have expressed about the frequency of buy/sell signals using this signal generator. It's a valid point that newer traders may find the volume of signals overwhelming, especially as they're still learning the market drivers.

The intention behind posting the signal generator was to provide a relatively straightforward tool that can help beginners get started and build their confidence in trading, before eventually transitioning to more advanced technical analysis. I recognise that the signal generator may not be the most sophisticated tool, but for those new to the market, it can serve as a helpful starting point.

My hope is that this tool can be a useful stepping stone for those new to trading while acknowledging that more experienced participants may seek out more advanced strategies.

Skate.
 
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Excessive posting
@peter2 and @Captain_Chaza, I appreciate you both sharing your feedback. After considering your comments, I agree that posting too much information may be contributing to the concerns you've raised.

Moving forward, I think posting only the weekly results in a more concise format could be a better approach. This will allow us to focus on the key performance metrics until we can establish whether the trading exercise needs to be adjusted, improved or discarded. Ultimately, the ongoing results will provide the answer to the issues you've highlighted.

At the end of the day, the goal should be a profitable trading system. The path to getting there doesn't need to be the point of contention, as long as the end result is positive.

Skate.
 
I was offered a business proposition many years ago. He had flown half way across Australia for the meeting (I refused his offer, but that's not the point of this post) I asked him if he would tell me his life story. (I was genuinely very interested) He was from humble beginnings migrating to Australia after WW2.

What was the takeaway from his story
In the conversation he remarked " Australians don't appreciate their freedom"

I made the above post on the 8th of January 2019. Australia has been built by people from every walk of life. Australia welcomes migrants with open arms. We all come from somewhere, even the indigenous people.

Appreciating the Freedoms and Diversity that Define Australia
Many years ago, I was approached with a business proposition by a man who had travelled a significant distance to meet with me. While I ultimately declined his offer, I was genuinely interested in learning more about his personal journey. He shared that he was from humble beginnings, having migrated to Australia after World War II.

The key takeaway from his story was an observation he made
"Australians don't appreciate their freedom." This remark speaks to a deeper truth about the Australian experience, one that is often overlooked or taken for granted.

Australia has been built upon the contributions of people from all walks of life
Migrants, refugees, and the Indigenous peoples who have called this land home for thousands of years have all contributed to our current Australia. The diversity of backgrounds and perspectives that make up the Australian tapestry is a testament to the country's openness and commitment to welcoming those in search of a better life.

Our freedom defines us
Yet, the freedoms and opportunities that define the Australian way of life are not always fully recognised or valued by those who have the privilege of enjoying them. The hard-won liberties, social cohesion, and economic prosperity that characterise modern Australia can be easily overlooked, especially by those who have not experienced the hardships and struggles that many have faced to build this nation.

Australia’s Strength Through Diversity
Australia’s strength lies in its ability to embrace diversity, uphold democratic ideals, and foster an environment where everyone can thrive. As the country continues to evolve, Australians must remain vigilant in protecting and appreciating the freedoms that have made this nation a beacon of hope and opportunity for so many.

In summary
By acknowledging the sacrifices and journeys of those who have come before, whether they be Indigenous Australians, immigrants, refugees, or the descendants of earlier settlers we can ensure that the Australian dream remains alive and accessible for generations to come. It is this rich tapestry of cultures, experiences, and perspectives that sets Australia apart and makes it a truly special place.

Skate.
 
Safeguarding Australia's Future - Upholding Our Values and Freedoms
As an Australian, I am deeply concerned about the direction the world seems to be heading, and the potential impact these troubling developments may have on our nation.

What is the world coming to?
@qldfrog, following the unexpected victory of the left-wing New Popular Front alliance in France‚Äôs parliamentary elections, prominent members of the French Jewish community are raising alarms, urging Jewish families to consider relocating to Israel. This response speaks volumes about the perceived threat to their future in France. With the rise of anti-Semitism, the writing is on the wall. It has been suggested that French Jews relocate somewhere elsewhere ‚Äď with Australia being a potential destination.

Now, further to my previous post
I find myself increasingly concerned that the troubling ideological currents observed in France may be seeping into our own country as well. Some new arrivals to Australia, drawn by the freedoms and values we represent, may seek to reshape our nation in the mould of the very places they left behind. This prospect is deeply concerning, as it threatens the core identity and democratic traditions that have long defined Australia.

Decisive action is required to safeguard Australia's future
Without strong, principled leadership from our Prime Minister to uphold Australia's core identity and democratic traditions, the freedoms that we Australians have long enjoyed could be at risk of being short-lived. The well-being of all Australians, including our minority communities, hangs in the balance.

Skate.
 
As an Australian
I believe that safeguarding Australia's future as a free, tolerant, and prosperous society requires vigilance from all of us. We must ensure that the very freedoms and values that make Australia an attractive destination are not undermined by those who would seek to import divisive ideologies.

Freedom defines our nation
I call on our leaders to stand firm in the face of these challenges and to uphold the principles and ideals that have long defined our nation as a beacon of hope and opportunity. The future of our country depends on our ability to navigate these uncertain times with an unwavering commitment to the core values that unite us as a people.

Leadership starts at the top
Our leaders must provide clear direction and take decisive action to protect Australia's democratic traditions and social cohesion. They must send a strong message that our nation will not be reshaped by those who wish to import the very ideologies that others have fled. As Australians, we have a responsibility to preserve the freedoms and tolerant society that have been passed down to us. We must ensure that the next generation inherits a country that remains true to its principles of equality, diversity, and a fair go for all.

Overcoming the challenges ahead
Only through steadfast dedication to our values can we overcome the challenges ahead and secure Australia's future as a thriving, inclusive, and prosperous nation. The path forward may not be easy, but if we stand united in our commitment to our ideals, I am confident that Australia will prevail.

Skate.
 
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