This stock is already in a fine position to start a new trade. My entry was based on the RSI connors. stop 5% below, target 5% above . in the last year this strategy had 76% of win% .
LLL is right on a support area. Which was an important top of the market. This Stock is cycling in 21- to 22 days from bottom to bottom or from top to bottom. we next to a support area in time, and already in a support area in price. Also , we do have the connors RSI in a buying area. I have my start to go in the trade. My stop is 3% below the initial entry and...
i will be back as soon as it breaches today max...
This stocks is on a uptrend. Near the trendline. The Connorsi less than 30 . This gives me an long entry, with stop 5% below in 99 and target 5% above in 110.00 . In this model we do have more than 70% of winning trades. Quite simple analysis, but effective.
AAP, offers a little variation of the same system . It does have his CRSI below 30. but it hasn't met the 4 days criteria of decreasing closes... when this occurs, we have a lower winning trades. In this stock, in the last 4 years we do have a 64,81% of winning trades. with 54 trades being taken. the system is better for abov U$100,00 price per share. since we do...
I like to use one really plain and objective trading system. I search for one stock that hit a CRSI below 30 and also has 4 closing prices decreasing in a row. Buy this close, estope 5% below the entry point and target 5% above the entry point. This strategy in a pretty good number of stocks achieves 65-70% of win percentage. We do have a 1:1 risk; profit. this...
But i reentered the position as soon as it breaked the doji above... stop really short and target in 196.
One of my favorites technique is trading rectangles. What i really like is to find a Stock that is on the resistance of the price and at the same time in the resistance of time. What I do is multiply the distance in days between the first two tops in the rectangle by the fibonacci proportions. This gives me the next inflections days in the future. As we can see...
This commoditie has reached the support area in price and time. We can see the distance in time from top to top since it enters the rectangule zone is the same from top to bottom. Also, the risk relation here is pretty nice. The descending wedge formed is interesting and with a target right in the last top.
Coffee is near the last dip. The support area is show. We can also measure the distance in time and realize that the target of the correction in time was reached. Here we do have a very short stop and a long target. The best way to ignite the trade would be taking the high of the last day.