Australian (ASX) Stock Market Forum

Daffy Trades Micro Patterns under $1

Jump to new
Re: Daffy Trades Micro Patterns under 50c

Fairly good day today-----adding approx. $2000 to the portfolio value.
Bringing the total return over approx. 2 months to a bit over.

13%

Micro 47.jpg
 
Re: Daffy Trades Micro Patterns under 50c

tech/a said:
House keeping
Click to expand...
Gee Tech it would be nice to take something out of A2M at this price as well as leave the door open for higher. You'e the expert though so see how they run.
 
Re: Daffy Trades Micro Patterns under 50c

Wysi.

There is always the temptation to take profit on spikes.
In many cases with good reason on stocks that rise vertically.

I look for 3 things after or during these rises to make a decision.

(1) Is there massive volume on the spike---like 5-20x average.
This generally means that sellers like the idea of getting out

ENE and AHZ are prime examples.
Ive really tightened on ENE and a little loser on AHZ.

(2) In that bar is there obvious weakness. Both show this.

(3) If I'm not taken out at the stops I expect an inside day (A2M)
which I look closely at volume and range---particularly to the high side.
A2M is displaying consolidation tendencies in the inside bar. Test of high and low expected---an aggressive trailing stop is around 72c---if it gets to these levels then Ill be seriously looking at getting out---speed in arriving there will influence my trade.

I'm seeing low volume (On the inside bar) so like the upside currently.

For management of a position I also want to be able to attempt to
determine.
(1) Is this displaying continuation patterns and Range Volume behaviour
OR
(2) Is this displaying Reversal behaviour
OR
(3) Is this displaying Consolidation behaviour.

My decisions are based around the above.
Hope this helps
 
Re: Daffy Trades Micro Patterns under 50c

Closed trade and perhaps a possible re entry.

Micro 50.gif


Micro 49.jpg

There are a couple of others TPP---too illiquid
POK --- too volatile.

MAH raise stop to .078c
 
Re: Daffy Trades Micro Patterns under 50c

Thanks for your efforts on this thread TECH, and glad that you take the time to do it.
 
Re: Daffy Trades Micro Patterns under 50c

tech/a said:
Wysi.

There is always the temptation to take profit on spikes.
In many cases with good reason on stocks that rise vertically.

I look for 3 things after or during these rises to make a decision.

(1) Is there massive volume on the spike---like 5-20x average.
This generally means that sellers like the idea of getting out

ENE and AHZ are prime examples.
Ive really tightened on ENE and a little loser on AHZ.

(2) In that bar is there obvious weakness. Both show this.

(3) If I'm not taken out at the stops I expect an inside day (A2M)
which I look closely at volume and range---particularly to the high side.
A2M is displaying consolidation tendencies in the inside bar. Test of high and low expected---an aggressive trailing stop is around 72c---if it gets to these levels then Ill be seriously looking at getting out---speed in arriving there will influence my trade.

I'm seeing low volume (On the inside bar) so like the upside currently.

For management of a position I also want to be able to attempt to
determine.
(1) Is this displaying continuation patterns and Range Volume behaviour
OR
(2) Is this displaying Reversal behaviour
OR
(3) Is this displaying Consolidation behaviour.

My decisions are based around the above.
Hope this helps
Click to expand...

Thank you for this tech.
I've taken notes, and printed it out along with the charts.
I will definitely be referring back to them when I am faced with this situation!
 
Re: Daffy Trades Micro Patterns under 50c

Thanks
Nice to see someone watching.

A2M struggling to move higher.
Stop at .74c if it is taken out will look
for re entry later.

SEN Opened.
 
Re: Daffy Trades Micro Patterns under 50c

I'm sure many others are like me, quietly watching and trying to learn what we can. Keep up the good work.
 
Re: Daffy Trades Micro Patterns under 50c

Discretionary risk management skills. Thanks Tech/A.
 
Re: Daffy Trades Micro Patterns under 50c

Tech
i am also watching quietly,
learning every day
thanks for your efforts
Peter
 
Re: Daffy Trades Micro Patterns under 50c

Some house keeping and some interesting prospects.

Had POK on my watch list at 7c (Not in these charts) Its still there! (On the watch list)

micro 51.jpg

Micro 52.jpg
 
Re: Daffy Trades Micro Patterns under 50c

PEH open at .14c
PYL (MMJ) open at .46
A2M Closed at .74

Charts later.
 
Re: Daffy Trades Micro Patterns under 50c

Will do an end of month soon.

Micro 53.jpg
 
Re: Daffy Trades Micro Patterns under 50c

July 2015

Accumulated Losses -$3203

Closed Trades --- Winning

EDE $2400
A2M $ 825
SBM $ 392
SBM $ 94
CWC $2250

Total $5961 Closed Profit

Open Trades

VAH - $ 43
SEN + $ 60
PEH + $240
MAH + $627
AHZ + $429
MMJ + $250

Open Trade Profit $1563

Total Profit if all liquidated July $7524

Increase on initial capital ($30000)

$7524 - $3203 - Brokerage $216.

Total open and closed profit to the end of July: $4105 or 13.6%.
 
Re: Daffy Trades Micro Patterns under 50c

A couple on the watch list.
The big triangle on NMT is
really a classic.

Micro 54.jpg
 
Re: Daffy Trades Micro Patterns under 50c

Tech/a: Thanks for the continued charts, setups and follow ups on these trades in this thread.

While I'm in here if you don't mind, I'll post in regards to the other thread, where you're speaking with Sam.
The analysis in those charts is like having a torch in the dark, appreciate your work and as you say, it might be beneficial for others to have it shown in the forum which it is for me as a starter. I always get something out your charts and analysis on them, so thanks once again.

Cheers ... Debtfree
 
Re: Daffy Trades Micro Patterns under 50c

Missed a re entry on ENE.

AUQ triggered at .02
Chart later
 

Similar threads

tech/a
Technical Trading Exercise (Pavilion103 and tech/a) Charts and Spreadsheets
3 4 5
Replies
96
Views
24K
tech/a
tech/a
Top