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Showing posts with label 2017 at 01:29PM. Show all posts
Showing posts with label 2017 at 01:29PM. Show all posts

Tuesday, May 30, 2017

Piramal Finance invests Rs 565 cr in two auto component makers

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Piramal Finance invests Rs 565 cr in two auto component makers The company has invested Rs 275 crore in RSB Group and Rs 290 crore in Indoshell Mould Ltd, Piramal Enterprises said in a statement.

May 30, 2017 at 01:24PM

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Of Mice and Men

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BarroMetrics Views: Of Mice and Men

“The best–laid plans of mice and men often go awry” (Robert Burns).

This month I went to live-testing of a new (for me) approach to trading. Whereas my style has tended to be based on the 18-day swing, (monthly trend) and aim to hold positions until a 13-week (quarterly trend) line turn, the new strategy holds positions usually for no more than three days, and the first exit is usually in a matter of hours.

This month I went to live-testing of a new (for me) approach to trading. It’s quite a departure from my usual style. My style has been based on the 18-day swing, (monthly trend). And, my aim has been to hold positions until a 13-week (quarterly trend) line turn.

The new strategy holds positions usually for no more than three days; the first exit is usually in a matter of hours.

In this test period, I have been trading half-position size, generated a 71.43 win rate and a 6.37% ROI. (Full size 12.74%). Annualised that ROI would be much better than my average, around 25% p.a.

To say, I’m very happy would be putting it mildly. So, how did the best-laid go astray?

Well, I had planned to take every signal, unless I had a good reason not to. Yesterday, I had decided not to take trades because of Memorial Day in the US. I thought it unlikely that there would be sufficient range to generate the first exit.

I should also mention my FX day ends at 17:00 EST and begins at 17:01 EST.

The EURUSD set up nicely for a sell signal. I went to bed reasonably early and actually got up at around 4:00 am. I had a quick gander at the EURUSD, and it was dead as a dodo. So I went back to bed thinking to place the entry and initial stop around 7:00 am this morning.

Only problem?

At 5:00 am (17:00 EST), the EURUSD triggered the sell and got to first exit later in the day. Under my rules, I have missed the trade and will wait for the next one. Natch on a backtesting basis, the trade would be counted as one that (at least) got to the first exit.

I post this because it’s a reminder that backtesting merely provides data of positive expectancy. It’s still up to us to execute. And because we are human, there’s many a slip between the cup and the lip. (And next time, I’ll stay up until 5:00 a.m. and then place my order!)

 

 

The post Of Mice and Men appeared first on Ray Barros’ Blog for Trading Success.

May 30, 2017 at 01:25PM

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Nordex signs two power purchase contracts in India: CEO

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Nordex signs two power purchase contracts in India: CEO “By now we are slightly more optimistic,” Jose Luis Blanco said in a speech, after India#39;s recent shift to a tender-based model for wind projects had caused irritation among investors.

May 30, 2017 at 01:24PM

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Japan#39;s SoftBank takes driving seat in Indian online shake-up

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Japan#39;s SoftBank takes driving seat in Indian online shake-up After ploughing about USD 2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan#39;s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups.

May 30, 2017 at 01:22PM

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The Four Big Millennial Money Mistakes Take The Bruce Lee Approach To Security. Stop Flailing Away And Focus. – Forbes

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Forbes
The Four Big Millennial Money Mistakes Take The Bruce Lee Approach To Security. Stop Flailing Away And Focus.
Forbes
It’s hard to admit to making mistakes. Moreover, it’s sometimes harder to know when you are making mistakes. Millennials are the smart, “now” generation, connected and savvy about consuming everything from the latest form of data to the hippest food …

and more »

May 30, 2017 at 01:22PM

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Tuesday, May 16, 2017

Simon Love resigns as VRC CEO – Racing.com

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Simon Love resigns as VRC CEO
Racing.com
The Victoria Racing Club is to begin a search for a new chief executive officer following the resignation on Tuesday of Simon Love. Love was appointed CEO of the VRC in 2015 after serving for four years as an executive General Manager, most recently of …
VRC CEO Simon Love resignsWide World of Sports

all 2 news articles »

May 16, 2017 at 01:14PM

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Dr Karen Luxford appointed CEO of the Royal Australasian College of Dental Surgeons – Bite magazine

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Bite magazine
Dr Karen Luxford appointed CEO of the Royal Australasian College of Dental Surgeons
Bite magazine
Dr Luxford joins the College from the Clinical Excellence Commission where as executive director she has led strategic approaches to improving quality and safety in health care. Dr Luxford comes to the role with more than 20 years of experience in …

May 16, 2017 at 01:14PM

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Arco announces significant board changes including appointment of first CEO – Hull Daily Mail

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Hull Daily Mail
Arco announces significant board changes including appointment of first CEO
Hull Daily Mail
His appointment as CEO formalises the sole leadership he has provided the business since becoming the lead partner of the joint managing directors in 2016, when Thomas Martin stepped away from the business’s day-to-day management to dedicate his …

May 16, 2017 at 01:14PM

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Thursday, April 20, 2017

Analysts stay bullish on IndusInd despite one-off provisions restrict Q4 profit growth

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Analysts stay bullish on IndusInd despite one-off provisions restrict Q4 profit growth Citi, maintained its buy rating on the stock with an increased target price of Rs 1,640 (from Rs 1,380), saying it sees another three years of strong growth.

April 20, 2017 at 01:23PM

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Top buzzing midcap stocks to trade on April 20

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Top buzzing midcap stocks to trade on April 20 Here are a few top buzzing midcap stocks picked by CNBC-TV18#39;s analysts in trade today — India Cements, Yes Bank, Nucleus Software, Jay Bharat Maruti, Sun TV, Shalimar Paints, Jet Airways, SpiceJet, and Interglobe Aviation.

April 20, 2017 at 01:23PM

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