Chart, page-313

First 313 Last

Share
Profile

Follow
Eagles

1,132 Posts.

30/07/14

15:52

Post #: 13739432
Share

Originally posted by billyrabbit ↑

Hi ABDM,

Thank you for the detailed response.
I certainly appreciate it.

I was intrigued because you have posted the bar chart before and wondered if you had some interest in HFT or any background.

Anyways, from my limited experience there is a very good model which seems to beat most of ASX and S&P500 by about 3-5% on frequency trading. Pardon me because what I am about to posit has nothing to do with fundamentals of OBJ. Congratulation on your investment as it has provided you with good returns. T

1) Pick a basket of about 18-25 stocks randomly.
2) Calculate/observe their last 5 days adjusted close + variance in volume.
3) If the stock registers more upticks at close then down ticks with increasing volume keep it in the basket.
4) If the stock registers less upticks + less volume on consecutive 6 days replace that with another on the basket.

Traces: 10^11 traces, that is to say 10^11 initial baskets (a mere fraction of the total ncr(500,10)), randomly chosen.

You will find that the probability of success is above 85% tested to beat the S&P by about 3% minimum.

I am not sure if the Australian traders engage in HFT model because the evidence to suggest is slim specially on a sector like Biotech.

Interestingly, You will find that OBJ has fit this model as far as 17/06. A lower level algorithm is quite apparent on OBJ in the recent past. I certainly feel that there might be a little bit of downside in the recent future. Although this does not account for any news that OBJ might provide. Over the longer term obviously you might have the winning hand.

Again this is a very short term view only and nothing to do with the fundamentals.

Good luck.

Expand

The hourly MACD has just started to turn positive, its setting up for a good start tomorrow.

OBJ Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

WGX

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

There are more pages in this discussion • 4 more messages in this thread...

First 313 Last

Add WFL (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.478M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Chart, page-313

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Featured News

Chart, page-313

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Featured News