Friday, March 31, 2017

My entry using TA

This is where I track my TA and monitor if I can be consistent right using the following criteria as entry:
1. RSI 30
2. Stochastic from under 20 and moving upward.
3. MACD golden cross
4. Price drop to a recent low


When you sell, the reverse should happen,
1. RSI 70 (to is a rough guide, it may exceed 70)
2. Stochastic from over 80 and moving downward
3. MACD death cross
4. Price may reach a resistance line

The reason for posting my trade is to evaluate if my TA style can make money in the long run.


FL bought in Feb 17 and sold in Mar 17
This is my trade on FL, bought at $67.8 when 3 indicators (as indicated by green circles) were seen.  Then sold at $76, that was not the highest price at that point, because I sold when I saw the MACD turning down.  MACD is usually when react after price has turned.  Eventually all 3 indicators fulfilled my criteria.



This is my trade on 0665, bought at $4.28 when RSI around 30, MACD golden cross.  Stochastic was uptrend but not cross 20 yet.  However I didn't get the maximum profit because of greedy thinking it may hit above $5.  When it turned down from $5, I quickly close position when all 3 indicators appeared.  MACD death cross and Stochastic had turned down from 80, by then RSI was around 50.  This indicated I was slow to react to changes when it turned against me.  I was right when to buy but I don't have a good idea when to sell.  Unless I bought a huge amount, I will sell half when RSI is at 70, that is when price is at peak and the remaining half when all indicators tell me to leave.




This is FSLR.  I didn't buy this at the lowest, bought around $28 when I thought I could anticipate before the price go up.  It went lower to $26 before the 3 indicators appeared.  RSI was below 30, MACD golden cross and Stochastic turning up.  I sold at $30 when I saw Stochastic hovered at 70.  At that point I didn't want to sell as there was no clear sign to sell.  RSI still not high and MACD still going strong.  I was right that it went higher but my action to sell was wrong.  It went higher to > $37 right after the announcement of good results.  Key thing to note next time, if it is near to any announcement, do take note.  As it can go either way.


This is 2208.  I bought at $10.90, the lowest was $10.80.  Bought when 
1. Stochastic turning up
2. RSI was close to 30
3. MACD turning up
Then it went up to $12 but didn't sell.  Finally sold at $11.8 even though there was no clear indication of reverse trend and turn downward.  I sold when I saw RSI of SSE index close to 70.  SSE has gone up too fast in a short time.  So I prefer to take profit first.  If 2208 can go below $11.4, I may consider again.


This is USLV.  Bought at $11.7, the lowest was $11.  The moment I saw all 3 signs appeared, the price had ran up a bit so in the end only managed to get at $11.7.  As it continued to go up further I bought 2nd time at $12.38.  For those bought at $12.38, I sold at $13.15. Keep the half for higher price.


This is UWT.  Bought at $15.4.  Although lowest is below $14 but I waited for clear sign.  The 3 indicators appeared when it past $15.  It went as high as $19+ but I didn't sell because RSI was less than 70 at that point.  In the end sold all at $18.3 just before it dropped to $16+ in a day.


This is DSLV.  Switched to this after selling USLV.  Bought at $23.5.  When USLV MACD dead cross and DSLV MACD golden cross, I bought this.  

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