Category: Price Action

I tried another mechanical system to see if I can beat the results for my discretionary practice. This system is straightforward: I tested this system on MU and SWN. For MU, using strategy 4 for position sizing (ignoring days to exit), I ended up with a final balance of $150,141.80 and a maximum drawdown of…

I don’t have any good news to report in this post. I experimented with a mechanical system, but the results are disappointing. First, I tried entering using a moving average crossover system. Buy when the short term EMA crosses above the long term EMA by at least 1%, sell when it crosses below. Exit when…

Today’s result is painful, extremely PAINFUL. I practiced on MU again, hoping that I can do better than the previous practice. Given that I have been practicing whenever I can, I expect my chart reading skills to have improved somewhat. It is f*cking disappointing that not only did I not improve, my new results are…

Haven’t posted for some time. After practicing on the weekly charts last week, I went back to practice on Ford’s daily chart again. Given the drastic difference between the profitability on the daily vs weekly charts, I wonder if the difference is because my chart reading skills have deteriorated. Fortunately, my results for the second…

Practiced on the weekly charts of 5 more stocks: DKS, NVDA, F, PLTR and AMZN. This time round, the results are not as outstanding. Practice Records DKS Week Trade Quantity Entry Stop Loss Exit Percentage Profit 8 Mar 10 Buy 1 25.52 22.08 26.28 22.09% 8 Nov 10 Buy 1 30.46 27.67 35.42 177.78% 7…

Before entering a trade, look for a nice prior uptrend (preferably for at least 6 weeks). The prior uptrend’s price action should be as follows: The uptrend should preferably display the following volume action: Additional Rule: Indicators used: Additional Notes The criteria above works for Stage 4 too. However, given that prices tend to fall…

I’ve practiced weekly charts trading on three stocks so far: AMZN, SWN and MU. AMZN AMZN’s practice session was on 10 Jan. I used the same indicators as when practicing on a daily chart. Specifically, I used EMA15, EMA50 and EMA150. The results are as follow: 8 Mar 10 Buy 1 6.5225 5.69 6.54 2.10%…

I combined the data for the past few practice sessions to see how the strategy performs on a portfolio level. The stocks included are NVDA, SWN, PLTR, MU, DKS, F, WBD and AMZN. These stocks are included as the strategy used is similar for all of them. The main difference is I started using a…

Ticker: AMZN Date Trade Entry Stop Loss Exit Percentage Profit Days To Exit 14 Apr 16 Buy 30.9405 29.45 30.91 -2.05% 7 11 May 16 Buy 35.3275 32.8 34.67 -26.01% 6 29 Jul 16 Buy 38.25 36.62 38.31 3.68% 13 29 Aug 16 Buy 38.6 37.6 38.34 -26.00% 9 25 Oct 16 Buy 42.015 40.155…

First, we go to https://www.histdata.com/download-free-forex-data/?/excel/1-minute-bar-quotes to download free forex data in Excel format. Note that this data source does not include volume. If you know of any free data source that includes volume, do let me know. Next, open the file in Excel and delete the last column. Save the resulting file in CSV format.…