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Daffy Trades Micro Patterns under $1

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Re: Daffy Trades Micro Patterns under 50c

Charts of interest from my watch list



Everything else as expected really.
 
Re: Daffy Trades Micro Patterns under 50c

WBC Added

SBM has a great setup





 
Re: Daffy Trades Micro Patterns under 50c

Correct above

WEC entered (Typo WBC)
SBM entered
SHE re entered.
Chart update soon.
 
Re: Daffy Trades Micro Patterns under 50c

EXIT ADJ at 11c
 
Re: Daffy Trades Micro Patterns under 50c

State of play.

CLQ Stopped -$450
SHE Trade 1 stopped -$246.50
ADJ Closed trade -$112.50

Currently 4 trades open.

Click to expand



 
Re: Daffy Trades Micro Patterns under 50c

PRU was stopped at .43c yesterday.

I will visit each chart of those stopped out on the weekend.
The Two in particular are those that were stopped on the initial
stop. PRU and CLQ. There is a characteristic (perhaps a question on my stop positioning) that I will point out.

Here is another for the Watch list.

Click to expand

 
Re: Daffy Trades Micro Patterns under 50c

Up date
One stopped and one for the watch list---I will cull the watch list on the weekend

I will also limit risk to 1% of capital while the market is
less than accommodating for long trades.

Will also review exited trades.

 
Re: Daffy Trades Micro Patterns under 50c

Here are all closed trades.
SHE not shown.
Not a single winning trade nor an open trade in profit.

Closed loss $1259.





I'm not un happy with that as its only 4.1% of capital and as we
have been risking 1.5% on initial stops and had 5 stopped out
And all would have been worse off had we not taken the stops.
That's a good containment. The Ords has dropped 6% and the small
Ords 5.4%

3 Open trades and one pending

 
Re: Daffy Trades Micro Patterns under 50c

People who are new like myself should read all 15k tech/a posts at least three times.
 
Re: Daffy Trades Micro Patterns under 50c

History Repeats said:
People who are new like myself should read all 15k tech/a posts at least three times.
Click to expand...

Agreed. A trading book would be more appropriate though.
With the wealth of knowledge and experience, tech/a should really consider writing a book for noobs.

Regards,
Ironik
 
Re: Daffy Trades Micro Patterns under 50c

tech/a said:
Guaranteed to put you to sleep.
Click to expand...

filter out the posts you need.

Ironik said:
Agreed. A trading book would be more appropriate though.
With the wealth of knowledge and experience, tech/a should really consider writing a book for noobs.

Regards,
Ironik
Click to expand...

For me personal research more useful than most trading books. Personally may be only about 1-5% of books are useful.
 
Re: Daffy Trades Micro Patterns under 50c

For me personal research more useful than most trading books. Personally may be only about 1-5% of books are useful
Click to expand...
.

My opinion is that all books and opinions are worth investigating.
While I'm reading/watching or listening, I ask myself.


(1) Is this for me?
(Does this fit in with my personality/timeframe
comprehension)

(2) What do I need to know?
(What is the crux of that being presented)

(3) How do I apply it?
(Everything appears to have merit in theory but can I apply it?)

(4) How do I evaluate?
(How can I quantify the results--much presented just cant be
coded and tested---)
 
Re: Daffy Trades Micro Patterns under 50c

Moved SBM stop to 42.5c
AVQ opened trade at .41c
(Mark up chart tonight).
 
Re: Daffy Trades Micro Patterns under 50c

So Here we are swimming against a very strong tide.
Trying to make a $$ trading long.

It is in my view that we are likely to see a fall to 5100.
Not the sort of market conducive to ANY long trading on a longer
timeframe (I hear you WIZI)
So besides reducing risk to 1% I'm also going place all initial stops at their
widest points and not move these stops until 1.5R is reached.

Common to this sort of prolonged downturn is the lack of good setups.
A rising tide floats all boats---this ones falling!

Here is the analysis supporting my opinion.



Here is todays trades.
ESI has been stopped at $300 loss.



Have a look at AMA a lovely setup and trade but the stock is 60C so out of our universe.
 
Re: Daffy Trades Micro Patterns under 50c

SHE has been stopped
SBM dropped the stop lower
to Original initial stop.

Added one from my watch list today and a few
watch list charts.


 
Re: Daffy Trades Micro Patterns under 50c



Yeah true, i guess there is no way to know whether useful to you or not until you read it.
 
Re: Daffy Trades Micro Patterns under 50c

I add to and cull the Watch List every day I do a search.
Once a pattern breaks down on a watch list I remove it.

Here is the latest up to date Watch list I have.
Not all trades are taken that could have been.
I don't load everyone.

The first folder is The watch list.




The second is missed trades.
These are trades that were either
(1) On the watch list but I didn't load to buy
OR more often
(2) Trades which came up on scans after they took off.

I keep these in this list looking for continuation patterns.



Just noticed PLS saved twice.
 
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