Stocks: 4th September 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: OFF (As at 4 September) No 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.

• Close ISU - Trailing stop.

Weekly Momentum System.

System Status: OFF (As at 04 September 2017) No new positions. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades.

• Nil.

Closing Stock Trades.

• Nil.
• BSL & CTD closed last week.

Chart of the Week

Equity Curves

Not a lot can be taken from these curves yet. While it is nice to see the Easy system poking it's head above water we have to remember this is a marathon rather than a sprint. It will be more useful when these systems have been running for 3 years or so.

Further Information

Disclosure - Personal Interests: AWC, CGC, CWY, GDI, ISU, LYC, MLD, RFF, SDF, SSM, CKF, GMA, GUD, IMD, NWH, 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.