AI
Saturday, December 08, 2018 10:10:19 AM
OK, it's the weekend, hope everyone had a good week.
From this weekend on I am going to be doing in depth studies of just how well my strategies are working. My goal is to trade full time and now I need to know if I have what it takes (Kahoonas and $$$) to do that. I am looking at a 1-2 year time frame from now to consider making that leap of faith.
I have fine tuned my Triple Divergence trade strategy by adding a trend line to it and the momentum break as well. And also use the .786 as a continuation trade but only buying after a confirmation has been made.
My goal in doing all of this is to see if there are any others that are trading a divergence strategy close to this or have adapted this one into their trading style. Even if I were trading full time I think it would be hard to watch every etf all the time, so I was hoping to find others to trade with so there might be more eyes on the charts.
I am primarily looking at the 15 minute chart to find a bottom with my strategy, then I have found that on continuations in the bullish moves, I have had to go down to the 5 minute chart to see the set up. I will also use a .786 entry as a continuation, but only after I see a confirmation to the upside. I have gotten burned too many times just blindly buying the .786 dip.
I was so focused on TVIX and LABU that I didn't even look much at JNUG and gold. Need more eyes, or more monitors LOL
This is a study on JNUG from the bottom in mid Nov that showed up on the 15 minute chart.
Price did break above the 200 MA so now I am looking for a continuation move up again off a bounce without making a new low using the 5 minute chart
Total time of trades aprox 3 weeks.
Number of trades 4
Amount of shares per trade 2000 for an investment of aprox $13,000.00
Profit $4,080.00 for a return of 31.3%
The only strategies were the Triple Divergence and the .786 continuation trade.
From this weekend on I am going to be doing in depth studies of just how well my strategies are working. My goal is to trade full time and now I need to know if I have what it takes (Kahoonas and $$$) to do that. I am looking at a 1-2 year time frame from now to consider making that leap of faith.
I have fine tuned my Triple Divergence trade strategy by adding a trend line to it and the momentum break as well. And also use the .786 as a continuation trade but only buying after a confirmation has been made.
My goal in doing all of this is to see if there are any others that are trading a divergence strategy close to this or have adapted this one into their trading style. Even if I were trading full time I think it would be hard to watch every etf all the time, so I was hoping to find others to trade with so there might be more eyes on the charts.
I am primarily looking at the 15 minute chart to find a bottom with my strategy, then I have found that on continuations in the bullish moves, I have had to go down to the 5 minute chart to see the set up. I will also use a .786 entry as a continuation, but only after I see a confirmation to the upside. I have gotten burned too many times just blindly buying the .786 dip.
I was so focused on TVIX and LABU that I didn't even look much at JNUG and gold. Need more eyes, or more monitors LOL
This is a study on JNUG from the bottom in mid Nov that showed up on the 15 minute chart.
Price did break above the 200 MA so now I am looking for a continuation move up again off a bounce without making a new low using the 5 minute chart
Total time of trades aprox 3 weeks.
Number of trades 4
Amount of shares per trade 2000 for an investment of aprox $13,000.00
Profit $4,080.00 for a return of 31.3%
The only strategies were the Triple Divergence and the .786 continuation trade.
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