I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes.
The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring.
I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Thursday, March 22, 2007
69% gain on HGI
HGI trade closed for a 69% gain. This one lasted 35 weeks. The system used for this trade has turned off for the moment.
3 comments:
Anonymous
said...
Hi stevo,
what indicators are you using on your chart, especially the red line and clouded sections above it?
3 comments:
Hi stevo,
what indicators are you using on your chart, especially the red line and clouded sections above it?
thanks
On the weekly chart shown the red line is a trailing ATR exit. I use a variable ATR multiplier for a little more responsiveness / adaptability.
The blue clouded area is basically a bollinger band breakout - above the blue area is one of the criteria for a buy signal.
Close above the grey area can lead to a profit exit. The ribbon at the bottom of the chart is an indicator of the overall market strength.
regards
Steve
Thanks Steve, I like the look of your charts and your blog.
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