You are currently browsing the Online Stockmarket Trading Update blog archives for December, 2005.
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Dear Members,
I have now updated MDS radio with two new recordings. One takes a look at a brief commentary relating to a trade placed today on the SPI futures and the second recording is a more detailed recording covering the ASX Top 20 and the markets in general.
Click here to watch the SPI presentation.
Click here to download the mp3 audio recording (796Kb).
Click here to download the mp3 audio recording (3.2Mb).
Please Note: The Futures trading system will not be available, in the full Market Analyser, until next month.
This update takes a look at stocks which were covered in the weekend edition of the Financial Review and should act as a reminder to encourage everyone to scan the paper if not daily at least on the weekend.
Click here to watch the presentation.
Click here to download the mp3 audio recording (1.7Mb).
Note: The original link above was incorrectly linking to an older MDS Radio recording. This has now been rectified.
Interested in what goes on behind the scenes of a stock market flotation. Ed Dale interviews Clinton Carey of Barrack Capital on what you need to look for when considering investing in an IPO. While the debate rages about whether we are seeing another Boom, you need to make sure you are well educated to take advantage of future opportunities.
Download the interview now here (3Mb)
I have just provided a new recording which takes a quick look at the global indices, gold and a few stocks on the ASX to keep an your watch list. I will aim to do a recording soon which looks at how I go about identifying trades using the Accumulation scan. I would like to wait until the market conditions are right before doing this.
Click here to watch the presentation.
Click here to download the mp3 audio recording (1.7Mb).
This week’s Calypso release (Dec 1st) contains three new indicators based on David Vassallo’s system of swing trading. One is a Plotted Script called Vassallo Swing, and there are two Entry Scripts called Vassallo Butterfly and Vassallo Three Swing. The Vassallo Swing Plotted Script displays a series of trend lines on a price chart covering the swings in a price from highs to lows. It uses basic reversal rules detailed below.
A swing with a period of 10 that starts at a peak ends once a point has been reached that has a Lower Low than the Lows of the ten points prior to it (not counting “Inside Days” – days with a Lower High and a Higher Low than the day before them). A swing with a period of 10 that starts at a trough ends once a point has been reached that has a Higher High than the Highs of the ten points prior to it (again not counting “Inside Days”). When determining if a point is a Lower Low or Higher High than previous points, the Vassallo Swing makes allowance for a “Stretch %”: a percentage by which the new extreme must exceed the previous points to be considered as ending the previous swing.
The Vassallo Swing chart tends to eliminate noise and simply show the main underlying trends in the price data. David Vassallo teaches in his seminars methods to look for buy and sell signals based on the shapes of these swings. It’s an approach he has used profitably for many years, and one which he has taught to many traders through the seminars. Those swing chart previously had to be drawn laboriously but now the Vassallo Swing script draws the swings for you.
The two boolean Entry Scripts look for particular shapes that come up in the system. The most basic is a Vassallo Three Swing. This pattern is just an up swing, followed by a shorter down swing, followed by a longer up swing; or the reverse of this sequence. The Vassallo Butterfly script looks for a more complicated (and rarer) pattern, which is pictured and described in detail on its Help page (see links below).
For those who already use David’s system, these scripts should save you a lot of time. For those who are interested in the system and would like to know more, go to:
There are Help pages written for each of the three new scripts. They are at:
Vassallo Swing plotted script
Vassallo Butterfly entry script
Vassallo Three Swing entry script
These indicators should be available with the next upgrades to the Market Analyser.
