Disclaimer - Read this first!
This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late
I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.
WETT System
System Status: Off (As at 16 November 2015) No new positions. Stops ratchet up to protect capital
Opening Stock Trades
Nil
Closing Stock Trades
- Sold BAL on last Mondays open - Profit 42.85% on the trade
- Sold SRX on last Mondays open - Loss 7.14% on the trade
Weekly Momentum System
System Status: Off - No new positions.
Opening Stock Trades
Nil
Closing Stock Trades
Nil
Chart(s) of the day
Here is how I am working out on/off for my weekly systems. It's based on an idea from Dave Landry who also uses this concept as a trade setup he calls 'trading bowties'
For this ourpose I am simply using the ASX All Ordinaries and weekly bow ties - when they are lined up like a traffic light the systems are on otherwise the systems are off
On the WETT system this is different to the Nick Radge's book because I have adapted is to, ideally, eliminate too many off/on/off false starts. This is also important with the momentum system because when it turms on ou literally 'fill your boots' so a false start can be expensive and scary
Further Information
Disclosure - Personal Interests: ALU, GTY, ISD and MQA
All Stock charts courtesy of www.IncredibleCharts.com
** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge. Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge)