DAX Downtrend; third up day. Short(ab) STP 7139 LMT 7137; SL(ab) 7195; TP(a) 7010. TecDAX Downtrend; third up day. Dow Jones Downtrend; fourth up day. S&P 500 Downtrend; fourth up day. Order was not triggered. I’m not going to trade into Thanksgiving; waiting for an entry after the Holidays. Nasdaq 100 Downtrend; third up day. SMI Downtrend; second up day. All Ordinaries Downtrend; inside day.
INTC short Moved down further. SL(b) 21.71. ETFC short Sideways action; order was not triggered; setup is still good. Short(ab) STP 8.01 LMT 7.97; SL(ab) 8.22; TP(a) 7.60.
DAX Downtrend; fifth up day. No position was opened. TecDAX Change back to uptrend; up day. Dow Jones Downtrend; fifth up day. S&P 500 Downtrend; fifth up day. Change to uptrend at 1435. Short(ab) STP 1391 LMT 1388; SL(ab) 1405; TP(a) 1360. Nasdaq 100 Downtrend; fourth up day. SMI Downtrend; fourth up day. Short(ab) STP 6673 LMT 6670; SL(ab) 6725; TP(a) 6550. All Ordinaries Downtrend; inside day. There are more signals than just the S&P and the SMI, but two shorts at a time are enough.
INTC short Small up bar. The 38% retracement of the recent down swing lies at 20.50, and the 50% retracement at 20.89, which is about the target I expect for the rebound. SL(b) 21.71. ETFC short No entry, yet. Setup is still good. Short(ab) STP 8.01 LMT 7.97; SL(ab) 8.22; TP(a) 7.60. DTV short Swingtrader’s dream: price has retraced 50% of the last swing back to longer-term resistance (April 2012) at a round number ($50) on declining volume, and failed at the fourth touch of a down trendline. Short(ab) STP 49.35 LMT 49.25; STP(ab) 49.96; TP(a) 48.18.
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DAX Downtrend; inside day. TecDAX Uptrend; up day. Dow Jones Downtrend; inside day. S&P 500 Downtrend; inside day. Short(ab) STP 1391 LMT 1388; SL(ab) 1405; TP(a) 1360. Nasdaq 100 Downtrend; fifth up day. SMI No quotes… All Ordinaries Downtrend; fourth up day. Short(ab) STP 4431 LMT 4482; SL(ab) 4460; TP(a) 4360.
INTC short Small move up on low volume. SL(b) 21.71. ETFC short Order was not triggered, big trend day up; no valid setup anymore. DTV short Position was opened at 49.29. STP(ab) 49.96; TP(a) 48.18.
DAX Downtrend; sixth up day. TecDAX Uptrend; up day. Dow Jones Downtrend; down day. S&P 500 Downtrend; inside day. Short(ab) STP 1391 LMT 1388; SL(ab) 1405; TP(a) 1360. Nasdaq 100 Downtrend; sixth up day. SMI Downtrend; fifth up day. All Ordinaries Downtrend; fifth up day.
INTC short Nice bearish doji; the correction didn’t reven reach the 38% retracement, and we’re back above the MA-10, so there’s another short signal. SL(b) 21.71. DTV short A rather bullish bar, but it didn’t break above yesterday’s high. STP(ab) 49.96; TP(a) 48.18. CSX short Broke below a support at 20, now bulling back, last bar is a bearish doji indicating faliure; pullback is not about 61%. Short(ab) STP 19.90 LMT 19.85; SL(ab) 20.30; TP(a) 19.22.
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DAX Downtrend; down day. TecDAX Uptrend; first down day. Dow Jones Downtrend; down day. S&P 500 Downtrend; down day. Position was opened, and I got stopped out later in the day. I hate those trades. Nasdaq 100 Downtrend; up day. SMI Downtrend; up day. All Ordinaries Downtrend; inside day.
INTC shortSL(b) 21.71. DTV shortSTP(ab) 49.96; TP(a) 48.18. CSX short Position was opened at 19.85. SL(ab) 20.30; TP(a) 19.22. BK longBuy(ab) STP 24.22 LMT 24.25; SL(ab) 23.70; TP(a) 25.03.
DAX Uptrend; up day. SL(ab) 7130; TP(a) 7600. TecDAX Uptrend; first down day. Dow Jones Downtrend; down day. S&P 500 Downtrend; down day. Buy(ab) STP 1436 LMT 1436; SL(ab) 1385; TP(a) 1475. Nasdaq 100 Downtrend; up day. SMI Today’s market data not yet available. All Ordinaries Change to uptrend. Position opened at 4537. SL(ab) 4435; TP(a) 4650.
DAX Uptrend; first down day. SL(ab) 7130; TP(a) 7600. TecDAX Uptrend; second down day. Dow Jones Downtrend; down day. S&P 500 Downtrend; down day. Buy(ab) STP 1436 LMT 1436; SL(ab) 1385; TP(a) 1475. Nasdaq 100 Downtrend; down day. SMI Yesterday: uptrend; up day. All Ordinaries Uptrend; first down day. SL(ab) 4435; TP(a) 4650.
INTC shortSL(b) 21.71. CSX shortSL(ab) 20.30; TP(a) 19.22. BK short Stopped out.
DAX Uptrend; inside day. SL(ab) 7130; TP(a) 7600. TecDAX Uptrend; third down day. Long entry possible: Buy(ab) STP 842 LMT 843; STP(ab) 832; TP(a) 855. Dow Jones Downtrend; up day. S&P 500 Downtrend; up day. It’s getting too late in the year to trade change-of-trend signals, so I’m cancelling the order. Nasdaq 100 Downtrend; up day. SMI Uptrend; up day. All Ordinaries Uptrend; up day. SL(ab) 4435; TP(a) 4650.
DAX Uptrend; up day. Position(a) was closed at the take profit level; moving stop loss of the remaining position to break/even. SL(b) 7440. TecDAX Position was opened at 835.STP(ab) 829; TP(a) 850. Dow Jones Uptrend; up day. S&P 500 Change to uptrend; up day. Nasdaq 100 Downtrend; inside day. SMI Today’s quote not yet available. All Ordinaries Uptrend; up day. I’m moving the stop loss closer. SL(ab) 4500; TP(a) 4650.
INTC short INTC has retraced 50% of the move down, and it has not displayed any sign of relative strength. I’m confident that it will go down further. SL(b) 21.71.
DAX Uptrend; first down day. SL(b) 7440. TecDAX Uptrend; up day. Dow Jones Uptrend; first down day. S&P 500 Uptrend; first down day. Nasdaq 100 Downtrend; down day. SMI Uptrend; first down day. All Ordinaries Uptrend; inside day. SL(ab) 4500; TP(a) 4650.
DAX Uptrend; up day. SL(b) 7440. TecDAX Uptrend; down day. STP(ab) 829; TP(a) 850. Dow Jones Uptrend; second down day. S&P 500 Uptrend; second down day. Nasdaq 100 Downtrend; down day. SMI Uptrend; second down day. All Ordinaries Uptrend; up day. I’m closing the (a) position on Monday at the open. SL(ab) 4500; TP(a) 4650.
DAX Uptrend; second down day. TecDAX Stopped out at 829. Dow Jones Uptrend; up day. S&P 500 Uptrend; up day. Nasdaq 100 Downtrend; up day. SMI Market data not yet available. All Ordinaries Uptrend; first down day. Closed the (a) position at 4595.10. SL(b) 4540.
DAX Uptrend; up day. SL(b) 7440. TecDAX Uptrend; up day. Dow Jones Uptrend; up day. S&P 500 Uptrend; up day. Nasdaq 100 Change to uptrend; up day. SMI Yesterday: uptrend; third down day. I see this as a buy signal, but taking trades based on yesterday’s data (when today has already happened, and most other markets were strong), I cannot be objective. All Ordinaries Uptrend; up day. SL(b) 4540.
INTC shortSL(b) 21.71.
I've opened a CFD account at a reliable DMA broker. As soon as I've set everything up, I'm going to trade the Rivalland strategy with real money on several indices.
Hi Sawyer,
If I may ask what are your results with the Rivalland strategy?
I looked at the preview of his book on Amazon and looks interesting;combining regular charting with Point and Figure?
Sure: I have documented 47 closed positions so far. "One position" being (a), (b), etc. in the trade documentation above, i.e. one trade is usually two positions. Overall profit is +23.27 R, i.e. an average of 0.50 R per trade/position.
I haven't been very thorough when it comes to taking every signal, though, which is something I plan to do when going real-money. Plus, I need to do some backtests on more exotic markets before trading them (which I haven't done so far). Point and Figure is a great concept, but I don't have a convenient way to include it into my trading. As for indices, I'm mainly looking at swing charts now.
His book is available as a PDF from various Bittorrent trackers. You can download and have a look at the whole thing before buying it. Aside from that: buy it; it's a classic.
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DAX Uptrend; first down day. SL(b) 7440. TecDAX Uptrend; up day. Dow Jones Uptrend; first down day. S&P 500 Uptrend; first down day. Nasdaq 100 Uptrend; first down day. SMI Yesterday: uptrend; up day. All Ordinaries Uptrend; up day. SL(b) 4540.
First, I have opened a CFD account at a decent broker (there aren't that many of them), which offers CFDs on cash indices with external quotes, i.e. data is provided by Reuters, and they don’t get to mess with them. I will be swing trading the following indices regularly:
The following markets are on my watchlist, which means that I’m not trading them with real money for now:
WTI Spot WTI Light Crude Oil BRENT Spot Brent Crude Oil MGOLD Mini Spot Gold MSILVER Mini Spot Silver
Second, my swing trading strategy for stocks did not prove too successful. I have written about that earlier: it’s a lot of hassle to screen for good setups, and stuff that looks good visually might not work all that well. So, I’m going to trade a small basket of stocks in an Al-Brooks-way. The goal is to get profitable, and finally implement this strategy with the same stocks using options.
I'm reducing the frequency of posts here: I check the markets every day, and there's no point in posting if there's no trade opportunity on the horizon.
