Stocks: 27th March 2017

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. Some of 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.

Easy Share Trading System.

System Status: ON (As at 28 November 2016) Take new positions. Trailing stops are approx 25% of the most recent high.

System details.

1. Only trade the Top 300 shares on the ASX and put 10% of your money in each stock.
2. Select stocks priced between 10 cents and 20 dollars - theoretical price leverage.
3. Buy the stock if it makes a 1 year high. For example: Friday's close is higher than last Friday's 50 week upper Donchian Channel That's the buy signal. If there is more than one stock that week making a 50 week high, pick the cheapest one.
4. Sell the stock if it at any time since it's highest recent price it falls more than 25%. For example: If you buy the stock at $2, and it rises to $4 but then falls 25% to $3, you sell. This is called the 25% Stop Loss Rule.
5. Now re-employ that money into another stock that is making a 1-year high and use the same rules as 1 to 4.
6. Any purchase should have a minimum $500,000 a day turnover for my trading size.
7. Use XAO_AX Daily EMA 20 and Daily EMA 30 as an on off switch. This should smooth the equity curve even though it will probably also reduce returns a little.

Opening Stock Trades.

• Nil.

Closing Stock Trades.

• Nil.

Weekly Momentum System.

System Status: ON - as at 28 November 2016 - Portfolio re-balanced each five weeks, positions checked weekly. Stop Loss either a close below the 2.7 x 21 week Average True Range, or, a spike above 7% in the 2 day volatility on the daily chart.

Next Re-balancing 10th April 2017.

Opening Stock Trades.

• Nil.

Closing Stock Trades.

• Close DOW on Monday's open.

Chart of the Week

A2M

While this is tracking up very nicely we can see how it could have benefited from our current stop loss method.

Further Information

Disclosure - Personal Interests: AWC, CGC, CSR, CWY, GDI, ISU, MLD, RFF, SDF, SIP, BPT, BSL, CDA, CKF, GMA, GUD, OZL, S32, WOR.

All Stock charts courtesy of www.IncredibleCharts.com

Note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.