UK Stocks and ETFs - Watchlist and Discussion - Page

(This post was last modified: 2014-08-21, 07:13 PM by malaguti.)

RE: UK Stocks - Watchlist and Discussion

(2014-08-21, 04:52 PM)StageAnalysis Wrote:
(2014-08-21, 03:56 PM)malaguti Wrote: Anglo American is looking like it wants to break out to stage 2..anyone else getting that feeling?

It's been flirting with the top of it Stage 1 range for a while now, much like GEMD.L did, which broke out into Stage 2A a month ago. My main issue with it is that others in the mining group have shown better relative performance to date. But if it manages to break out into Stage 2A on some exceptional volume, then it would be interesting to me, as it's formed a nice big base, and is close to clearing near term resistance. But without a dramatic volume increase following a breakout, it would be less interesting.


(2014-08-21, 03:56 PM)malaguti Wrote: On another topic as I was perusing various charts..I was looking at the mansfield relative strength indicator. Has anyone else noticed its ability as a standalone indictator? Possibly created a strategy and tested buy and sell on a break of the zero line. Uncanny trend trading indicator it seems. Just a thought

I did a fair bit of backtesting on it when I was first learning the method and found as a standalone indicator it had too many whipsaws, although less if you use the 52 week setting. But it is excellent way to scan for late Stage 1 / early Stage 2 candidates, and is much better if you combine the scan with 2x weekly average volume and/or a breakout to new 52 week highs for a further filter.

GEMD, I was in, then out when it broke down through the MA and didn't look into it again. Kicking myself for getting in too early when I should have waited for a proper break of resistance! Also I'm very much waiting for the sector to show some more promise.
Alas. As for the Mansfield, the Pro real time version defaults to 52 and have definitely noticed a little whipsaw but not that much. I tried looking at the screener but for some reason it says that indicator can't be used, either as a backtest or as a screener. How did you manage to get around that if you don't mind?

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Messages In This Thread
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
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RE: UK Stocks - Watchlist and Discussion - by malaguti - 2014-08-21, 06:56 PM
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RE: UK Stocks - by isatrader - 2020-01-08, 01:48 AM
RE: UK Stocks - by isatrader - 2020-01-09, 08:51 PM
RE: UK Stocks - by isatrader - 2020-01-14, 01:00 AM
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RE: Sector Focus: UK Homebuilders - by pcabc - 2019-12-28, 08:39 PM
Re: Sector Focus: UK Homebuilders - by isatrader - 2019-12-29, 10:48 PM
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
Sharehunter.com February Article - by isatrader - 2014-02-08, 10:11 AM
OT: a bit - European cement - by pcabc - 2014-04-06, 08:54 PM

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