A couple of trades that I closed recently. Nothing spectacular, but profits are profits. This system is the one I have been trading in this portfolio since January this year. The first trade was CUS (Customers) way back in January and it's still running.
LYC above was looking pretty good, but then I believe that the Chinese couldn't buy into the company due to FIRB rules and the price took a bit of a tumble - although I won't complain about a 40% plus gain.
stevo
4 comments:
Hello Steve,
That seems ATR stops correct?
In weekly have you found a particular multiplier? 2xATR perhaps is what you're using, even 3x ?
Regards
Salvador
On the weekly charts I am using a 2 step multiplier.
If the market is bullish the multiplier is over 2, when the index turns down the multiplier is below 2. The difference is not earth shattering.
stevo
i don't think I understood stevo... when you refer to market are you refering to the Australian index? So if the index itself is kind of bearish you lower the multiplier... or what you said is a total complete different thing?
thnks
To determine if the market is bullish or bearish I use an Australian index. If the index is bearish then the multiplier is lower, below 2. If the index is bullish then the multiplier is above 2.
The impact on the ATR stop is dependent on how far apart the 2 different multpliers are (0.5 and 3 versus 1.75 and 2.25) and how bullish and bearish are defined.
stevo
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