Hi Sam! Glad to see this topic posted, it's current for me as I've just started implementing risk management into my trading. I'm a pure TA trader.
What I do is measure the risk per TRADE. Some educators recommend tracking portfolio risk, you can do either or both IMO.
What I do;
1...
CanOz, seen it used successfully?
I've backtested several methods and it's not a winning strategy. Divergence has to be followed by a breakout or other candlestick pattern.
I agree Peter2. I think what I'm looking for is a way of returning the profit of the trend without assuming the risk of the trend, thus being stopped out so frequently.
Tech/a I agree, it does fail often and it is time consuming to find the right chart.
I am looking at the ASX300 stocks only, I'd like to apply it to the ASX as a whole but I would have to learn to program!
To answer your questions in order by paragraph;
The buy signal is the breakout of a range or a rise from a double bottom that corresponds to a divergence with the stochastic oscillator.
I'm not familiar with what length of time constitutes a primary or intermediate trend, though this...
A TA system that I'm refining. This is my first post on ASF!
Rules;
1. Stock must be in a lower price trend
2. Price trend must be matched by a bounce in the Stochastic Oscillator
3. Price must breakout from down trend or consolidation, this is when entry occurs
4. A stop is placed 1 to...
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