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Australia
Last Activity 1/27/2018 4:39 PM
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CorporateDoctor

Member

Posts: 16

Joined: 12/8/2005
Location: Sydney, Australia

User Profile
 
Subject : Australia
Posted : 6/7/2006 9:47 AM
Post #10016

Anyone interested in a User group please let me know.
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simel

New User

Posts: 3

Joined: 6/7/2006
Location: Denmark, Western Australia

User Profile
 
Subject : RE: Australia
Posted : 6/8/2006 7:46 PM
Post #10032 - In reply to #10016

Yes. Me.
Tahnks
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occa

Member
25
Posts: 29

Joined: 2/1/2004
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 6/9/2006 3:41 AM
Post #10035 - In reply to #10016

Ditto
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nmaric

Member

Posts: 5

Joined: 3/30/2006
Location: Melbourne Australia

User Profile
 
Subject : RE: Australia
Posted : 6/10/2006 5:18 AM
Post #10037 - In reply to #10035

Hi Michael, you can add me too.
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Stumpy

Veteran
100100
Posts: 213

Joined: 5/25/2004
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 6/10/2006 5:11 PM
Post #10040 - In reply to #10016

Put me on the list also
Regards Ralph
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honeycomb

Member

Posts: 21

Joined: 8/4/2005
Location: melbourne

User Profile
 
Subject : RE: Australia
Posted : 6/11/2006 12:08 AM
Post #10042 - In reply to #10040

Yes me too.

Good idea.
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jouni

New User

Posts: 2

Joined: 9/26/2006
Location: Sydney Australia

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Subject : RE: Australia
Posted : 10/8/2006 11:45 PM
Post #10624 - In reply to #10016

Hi
Please add my name aswell
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RonSch

Member

Posts: 6

Joined: 10/22/2006

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Subject : RE: Australia
Posted : 10/29/2006 4:31 AM
Post #10706 - In reply to #10016

I am interested
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David Lean

Member
25
Posts: 25

Joined: 11/23/2006
Location: Sydney

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Subject : RE: Australia
Posted : 11/23/2006 6:10 AM
Post #10875 - In reply to #10016

I'm interested too
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Stefann

New User

Posts: 1

Joined: 11/25/2006
Location: PARKSIDE

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Subject : RE: Australia
Posted : 11/25/2006 9:30 AM
Post #10889 - In reply to #10016

Hi I am interested as well.
stefan
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CorporateDoctor

Member

Posts: 16

Joined: 12/8/2005
Location: Sydney, Australia

User Profile
 
Subject : RE: Australia
Posted : 11/25/2006 2:53 PM
Post #10890 - In reply to #10016

hello everyone in the Aus user group - I just wanted to ensure you realise that this was established so we could all chat together - so please don't wait for me to create traffic. Michael
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honeycomb

Member

Posts: 21

Joined: 8/4/2005
Location: melbourne

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Subject : RE: Australia
Posted : 11/25/2006 5:29 PM
Post #10891 - In reply to #10016

Hi,

I guess everyone is a bit bashful.

I'm a ft trader in Melb (stocks/cfds and futs). Been using OT for about 8 years. Currently using Ot2006 with the plugin itlb2 and a volume filter and look for reversal candidates in the ASX 300.

cheers
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VEE

Member
25
Posts: 27

Joined: 8/1/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 8/1/2007 9:13 PM
Post #12580 - In reply to #10016

(first time user of Omni Trader)I usually take long positions in ASX has any one got any good settings they can suggest?
Have your trades been successful? what percentage?
I find it difficult getting a list of tradeable stocks together that offer a 10% profit margin. When I look at all the wiz bang signals I ask myself what is a comfortable trading system that works for me. The answer is I'm still searching.
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CorporateDoctor

Member

Posts: 16

Joined: 12/8/2005
Location: Sydney, Australia

User Profile
 
Subject : RE: Australia
Posted : 8/1/2007 9:56 PM
Post #12581 - In reply to #10016

Suggest you consider some of the education material available in the web site www.corporatedoctor.com.au - also the use the default trading strategy is best for long positions
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VEE

Member
25
Posts: 27

Joined: 8/1/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 9/1/2007 1:47 AM
Post #12791 - In reply to #10016

I am interested in being part of an Australian users group. Dose one exist?. OT has come up with some good tradable moves on the ASX and it would be good to discuss creating a stock list.
I’d also like to participate in general discussion on using OT2007 as I find the help manual inadequate. A training manual would be helpful. (Please don’t direct me to the Nivana education site I think I might know that it exists)

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CorporateDoctor

Member

Posts: 16

Joined: 12/8/2005
Location: Sydney, Australia

User Profile
 
Subject : RE: Australia
Posted : 9/1/2007 4:06 AM
Post #12792 - In reply to #12791

Please give me a call to discuss your interests
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VEE

Member
25
Posts: 27

Joined: 8/1/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 9/1/2007 5:48 AM
Post #12793 - In reply to #10016

To Mark,
I think I may have stated some of my interests. My aim is to improve my trading skills with OT2007 and some of my objectives are to use the resources available and discuss them with other Australian users who are trading the ASX. The Australian site is very quiet be good to get some dialog going.
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PeterB

Member

Posts: 24

Joined: 9/9/2007
Location: Australia

User Profile
 
Subject : RE: Australia user group
Posted : 10/26/2007 9:23 AM
Post #13115 - In reply to #10016

Come on Aussies! this forum is a bit quiet, lets see some posts.

Anyway, my name is Peter I'm in Adelaide and have had Omnitrader since v3 but didn't really learn to use it properly and lost interest until recently. I now have OT 2007 which I must say is a huge improvement although there are a couple of things that I haven't got worked out yet - like the trade manager and position sizing thing! If anyone has any tips on this I'd like to hear them.
I guess my trading style is Swing, Breakout, Reversals, these are the types of trades I look for and try to get in and out within a couple of days trading Options on the ASX. This is all relatively new to me as I have always thought options were a bit of a mystery so I'm just trying to put it all together at the moment.
I would be interested to hear what sort of trades other people look for on the Aussie Board, what set up you have and how it's all going.
I have just ordered the CPS2 plug in from Corporate Doctor in an effort to identify better opportunities, I'm also interested to hear from anyone that uses this system and the Volume System plug in also as I believe a combination of price and volume should give you much better signals - it seems a reasonable assumption to me.

My personal email is pbulford@adam.com.au I'm happy to talk to anyone using omnitrader as I love to learn new things and one of the best ways is to swap stories with others.

So that's my first post in this forum, I hope some of you guys take the time to join in.

Peter B
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VEE

Member
25
Posts: 27

Joined: 8/1/2007
Location: Australia

User Profile
 
Subject : RE: Australia user group
Posted : 10/29/2007 3:34 AM
Post #13124 - In reply to #13115

Well there is someone out there after all

It would be good to know what problems you are having with trade plans?

As I understand it Trade Plan is set up for automated trading with money management concepts that define the path that your money will take in a trade.
Some suggestions:
Set up a new portfolio with an amount of capital
Select the chart you are interested in. Pull down the chevrons this opens trade calculator. You can select the scheme you want and the position size based on your own level of risk.
You can set your own partial exits, stop losses or pyramiding or choose the standard templates.
Use the help manual and help online
Paper trading really tests OT and your own strategies.
Direct your questions to tech help in the forum this will give you more immediate help for particular problems and help with writing your own trade plan.
I am currently experimenting with buying long calls with trending shares and long puts when a down move is evident. I use CPR2 to help identify support and resistance and trendline breaks I like the fact that the plug ins have it all automated.
After owning OT07 Real Time for a short time I decided to up grade to Pro so that I could receive data for day trading and use omni plot so far I’m using the Nirvana strategies and Templates which I find adequate for my current trades.
I have had a high rate of success using the new long signals and limiting my focus list to the ASX300 and I move in and out of paper trading to using my own capital. I have learned to use stop losses and only trade when my strategies are confirmed with promising chart patterns. I have noticed that the shares in OT that come up with new longs, breakouts and new shorts are often in the newspapers or being talked about on some share site or other. Perhaps other OT users can talk more about the ASX.
VEE

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PeterB

Member

Posts: 24

Joined: 9/9/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 10/29/2007 4:22 AM
Post #13125 - In reply to #10016

Hi Vee,

Thanks for posting it is good to see there are other Aussies out there using this software on the ASX.
Where abouts are you located?

I've really only started to do live trades in earnest - it's been an interesting week! I am concentrating on buying option calls and puts mainly for the leverage they give, you just don't get that sort of return on stocks without having a sizable account to work with. The trade plan system in OT is a bit confusing but that comes from the fact that I'm trading the option on the stock and not the stock itself so I have to relate the Delta on the option to the movement in the stock to set stops - it's all too hard.
It's good to hear you have been successfully using the CPS2 system as I have it on order and hopefully it will turn up any day now, I'm looking forward to it.
I have also been reading everything I can get my hands on, done the Mark Mc Rae course this week 'Sure Fire Trading Plans' there's lots of extra reading material as well as the plans themselves so more reading to go - but highly recommend it for the plans - absolutely fantastic ideas.
Also got the Fibonacci course from Fibmaster Neal Hughes, hoping to start applying this next week - I believe Fibs are one of the most reliable indicators you could use, along with Pivot points which I have just started to test.
I might hit you for some tips on the CPS2 when I get it up and going?

Keep in touch
Cheers
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VEE

Member
25
Posts: 27

Joined: 8/1/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 10/29/2007 5:53 AM
Post #13126 - In reply to #13125

To Peter,
Hope I haven’t missled you. I have been trialling CPS2 with shares not options and I am finding it hard to get used to. I’ts not totally what I expected and I’m finding it annoying to use so don’t rely on me for tips. More advanced users my be able to add something of interest.
I think ETrade may be more set up for measuring the Greeks. I have just opened a Comm Sec account so will let you know how user friendly that is.
Are there any other ASX users and option traders out there who can shed more light on the matter?
VEE

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Aussie

Member

Posts: 24

Joined: 12/15/2003
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 10/29/2007 7:07 PM
Post #13134 - In reply to #10016

Hi
I am interested in being part of an Australian users group.
Tricky market at the moment.
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PeterB

Member

Posts: 24

Joined: 9/9/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 10/29/2007 8:03 PM
Post #13136 - In reply to #10016

Hi Aussie,

Sure is tricky, I'm finding it really hard to pick which way the market will react to news when it comes out, sometimes good news has no effect or prices go the other way? go figure.

I'm in BHP, LGL, AGK and RHG at the moment - all are option plays except for RHG which I hope will turn around and prove itself a good value play.

Yesterday was a really odd day the Industrials went down and Materials carried the market up seems like anything goes at the moment which makes me really nervous - I check the World Indices with some trepidation in the mornings before the AU market opens, I've also tried not to hold anything over the weekend, most of my trades are a couple of days to a week or so.

LGL is down almost 5% as I write despite all the good news releases they have posted since this mornings production report - still plenty of time in the day to go.
My analysis showed a good probability that BSL would rebound from the support at $10 yesterday and I was right but didn't take the trade, got set in BHP instead - oh well thats trading.

What are you into in the way of trades, what sort of trades do you look for, how do you use OT?

Have you got any plug ins loaded in OT i'm very interested to see if other people are having good results using the extra plug in systems. Personally I use OT for prospecting, I take notice of the signal but don't rely on them to place trades - regardless of the back testing - the only way to be sure is to do the confirmation yourself and then check for news, that's the one weakness in the OT system, it has no way of knowing what outside influences there are so relying on the signals alone is risky IMO.

I hope we can get this Aussie user group active again.

Cheers

Peter B
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honeycomb

Member

Posts: 21

Joined: 8/4/2005
Location: melbourne

User Profile
 
Subject : RE: Australia
Posted : 10/30/2007 4:54 PM
Post #13138 - In reply to #13136

Hi

I've been using OT for about 10 years and am currently on OT 2006. Probably wont upgrade unless Omniscan is made available for overseas clients. It would be very handy for here but unfortunately only works with Nirvana's US feed.

I use a pretty simple price volume scan and filter signals with the CRB fibonacci and trendline breaks. Although I scan the whole market the signals are much more reliable on the top 100. I dont take any triggers as gospel and since I trade shortterm wait for confirming moves at the open. I do like the fibonacci tools in OT and a few other things but have found that less is more and try very hard to keep it simple. Mostly trade CFDs with etrade, cmc and IG markets.

cheers
Bill (Melbourne)
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PeterB

Member

Posts: 24

Joined: 9/9/2007
Location: Australia

User Profile
 
Subject : RE: Australia
Posted : 10/30/2007 5:40 PM
Post #13139 - In reply to #13138

Hi Honeycomb,

I have just finished doing the Fibonacci video course by Neal Hughes Fibmaster, it was pretty good intro to using Fibs correctly and a couple of advanced tips but in OT the Fib tools is not as flexible as needed to apply it the way he does. Are there any things that can be changed on the tool to make it better - I could only find to change the colour, Price to %, or length of bars, it doesn't allow you to change the direction of the projections or which Fib levels you use - as far as I can tell?

Cheers

Peter B
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