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farmerjohn1324

To clarify my purpose for being on this forum. I am right now trying to find the right combinations of technical indicators that I can back test. I am open to all suggestions.

I have made a TradeStation account (thanks @Steve Alexander ) and I will most likely begin by swing trading index funds.

I would like a system that allows me to only enter and exit trades while trading sessions are closed for the day. I will only be looking at daily charts. I know that there are many other things that will call me away from staring at charts, so that cannot be the backbone of my strategy.
 
farmerjohn1324 said:
most likely begin by swing trading index funds.

I would like a system that allows me to only enter and exit trades while trading sessions are closed for the day.
More...

Hey John,

correct me on this one,

how are those - swings, if it's open and closed on the same session ?

e.g i took a long on IRBT, week ago. I gona close it two - three months later, thats a swing imo.
(could be, my english barrier)

p.s or did you had - after market hours in mind ?
 
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Nobert said:
Hey John,

correct me on this one,

how are those - swings, if it's open and closed on the same session ?

e.g i took a long on IRBT, week ago. I gona close it two - three months later, thats a swing imo.
(could be, my english barrier)
More...

Yeah, that's definitely a swing, although some pundits would go as far as calling it a position trade.
 
Overnight said:
Yeah, that's definitely a swing, although some pundits would go as far as calling it a position trade.
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not familiar with position trading term at all, time for investopedia :)

edit, back from there, love this part :

,,The main advantage of position trading is that there isn't much demand on the trader's time. Once the trade has been initiated and safeguards have been implemented then it's just a matter of waiting for the d$sir$d outcom$,,
 
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Nobert said:
Hey John,

correct me on this one,

how are those - swings, if it's open and closed on the same session ?

e.g i took a long on IRBT, week ago. I gona close it two - three months later, thats a swing imo.
(could be, my english barrier)

p.s or did you had - after market hours in mind ?
More...

I don't buy and close on the same day. But my strategy would not require me to watch the charts during the day. I would analyze the closing price and give me a buy or sell signal based on that.
 
farmerjohn1324 said:
I am open to all suggestions.
More...

Get out Excel, tradestation, whatever and start backtesting various ideas.

"What do the 1,3,5 day forward returns look like after...

...the SPY closes at a 10 day low?"

...the SPY closes at a 10 day low but is above the 200 day moving average?"

...the SPY closes at a 20 day low?"

...the SPY closes down 3 days in a row?"

...the SPY closes up 1% or more the prior day?"

...the SPY closes down -1% or more the prior day?"

...today is the last trading day of the month?"

...today is the first trading day of the month?"

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

You may be surprised at what you discover.
 
farmerjohn1324 said:
I don't buy and close on the same day. But my strategy would not require me to watch the charts during the day. I would analyze the closing price and give me a buy or sell signal based on that.
More...
just out of the pure curiosity, (not that much, context related, but da hell, it's forum),

how many tickers/pairs , do you have - on your daily watchlist ?
 
SteveM said:
Get out Excel, tradestation, whatever and start backtesting various ideas.

"What do the 1,3,5 day forward returns look like after...

...the SPY closes at a 10 day low?"

...the SPY closes at a 10 day low but is above the 200 day moving average?"

...the SPY closes at a 20 day low?"

...the SPY closes down 3 days in a row?"

...the SPY closes up 1% or more the prior day?"

...the SPY closes down -1% or more the prior day?"

...today is the last trading day of the month?"

...today is the first trading day of the month?"

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

You may be surprised at what you discover.
More...
%%
That;
+ last week of the year/SPY .......
That ; + compare what you may get versus SPY 2019 >28% YTD + dividends. {OK; its a better than average year} PS. Farmer John ;many of learned to trade/invest with leverage; that the worst way= we leveraged ignorance. Fidelity/ Peter Lynch said again much more money is lost in the stock market trying to avoid losses; so true.
 
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