Lazy time

[saash]

no - it needs to be the fff, condensed 5 min version.

[HateGauteng]

Hi Saash. I don't see a close above the 15 EMA yesterday but then again I'm using OST charts. However, I'm looking out for the close today.

[#3]

Ok now CUT AND PASTE THIS TO A WORD DOC FILE OR WHATEVER YOU NEED TO PRINT IT!!


The Lazy trading system - WORKS ONLY ON INDEXES - NOT DESIGNED FOR SHARES!!!!!!!!!!

*short trading trigger

*30 day ema below 60 day ema for primary direction
*close below 15 day ema
*red next day by 16h30
*if still below 15 day ema & green next day trigger still active & wait for red 16h30 next day
*if moving above 15 day ema trigger cancelled
*20% trailing stop until breakeven then a higher high out


**long trade trigger

**30 day ema above 60 day ema for primary direction stop loss & exit
**close above 15 day ema trade confirm
**green next day by 16h30 condition a
**if still above 15 day ema & red next day trigger still active & wait for green 16h30 next day condition b
**if moving below 15 day ema trigger cancelled condition c
**20% trailing stop until breakeven then a lower low out

[saash]

I did that ... so why can't we go long if still green at 4:30?

[#5]

No close above 15 EMA

[#6]

If yesterday was a cross above 15 and today is a higher green - I can't see why not. 30 is above 60. Simon?

[saash]

ok - so the chart we looking at makes all the diffs.

[SimonPB]

sure, but do we have a cross on the price/15 ??

[JPDR1]

CPS, why do you say short trade opened 22 Jan, 30 dma was still above 60 dma.

[#10]

Sorry, my mistake and as Simon pointed out the EMA was not right. I forgot primary 30/60 EMA so went in stupidly. I did get out with a small profit Monday though.

[HateGauteng]

I looked at the 1 year stx40, topi and alsh and none have yesterdays close above 15 day ema. Please let me know if I'm looking at the wrong thing??

[saash]

Now that the UK trades our market all night long, their graph has us a close at 23859, and the 15MA at 23852 .... So I wonder now, if that makes a trigger .... but since its Simon's system, and he doesn't use that graph, I'd say it doesn't!

[SimonPB]

the UK is not trading out market at night .. how many contracts actually get done ?? I would suggest somewhere between none and zero ??

[saash]

The closing prices are different, please lets not make a bun-fight over it!

[SimonPB]

no, what's important with dual traded products is where does the volume exist .. the hhgh volume is the one that counts ..

[#16]

Simon, how many points roughly is a 20% move on the warrants price?

[bangbul]

20%~gearing=%move of underlying

[#18]

OK so 30 and 60 are now touching and 15 sitting on about 24000. A fall in price from here means no short entry, and 2 strong days of rises could see an entry on Monday.