Here is an overview of the new items on my watchlist for today. I would consider these as long swing candidates. All these are symbols with very bullish outlooks on the weekly charts but are down on the short term. The plan is to wait for a reversal by flagging the items on the watchlist…
This is actually written yesterday (08/21/2006) but only posted today. Here is the first chart I post. The chart is for UNT and was picked up in Worden’s TC using a triple-screen setup which involves Elder’s Force Index. UNT has been on a long uptrend since early 2005.
I just closed 4 more paper trades and I re-evaluated my current results. My PnL has just turned green which made me happy. My winning probabiliy is at 44% by my W/L ratio is at 1.23. Using the Kelly Criterion I get K% = 1.21 meaning I should not currently commit more than 1% of my capital…
I unwound a bunch of positions I was paper trading and kept the bare minimum in my watch list. For now, I am tracking the symbols from the table below. Most of these where picked up on the triple-screen setup I mentioned earlier. Symbol Last Trade Change Volume KOSP 1:09PM ET 44.45 0.08 0.18% 328,418…
Using the previously described setup, I have been making numerus paper trades to try and analyze the results. I am definitely not ready for active trading yet. My probability of for a win [p(W)] was only 0.42. I calculated my Win/Loss ratio value which was negative @ -0.93. I do not mind keeping my p(W) that low, though…
Testing new triple-screen setup using pcf’s in TeleChart. The first filter, look for a positive long term trend using weekly data. The filter looks for a positive slope on the weekly MACD Histogram using: Â (XAVGC26 – XAVGC12) – (XAVGC26.4 – XAVGC12.4)Â > 0Â Â The first term represents today MACD bar and the second, the MACD…
Let me start with a disclaimer: Anything read here should be considered very “amateurish” as I am as green as can be when it comes to technical analysis. This blog is more a tool for me than for anyone else at this point. I am not trying to teach anything, I am brain dumping so…
I am an Electrical Engineer by formation, I currently work as a Unix Systems Administrator and the market and its charts are my hobby. I was heavily inspired by bloggers like Trader Mike and by authors like Dr. Alexander Elder. This is my market blog…
Everybody has to start somewhere right… I am very new to this game but I love technical analysis so far. I have very inspired by several books, including one of favorite “Trading for a Living” by Dr. Alexander Elder. I was also very inspired by current bloggers, mainly Trader Mike who has a wealth of…
