One TA introduced to me is ascending triangles.
triangles tell us convergence of prices, together with huge volumes ( bull: volume at green candlessticks; bear: volume at red candlesticks) and candlestick pattern. We can trade for breakouts, or trade along breakouts or trade for false breakouts.
Having entered trading for 1 year, I hope i am getting a feel of the market, and adjusting my style to fit my lifestyle. like what my friend-mentor always kb me about, how i need to combine a few TA to get a strong conviction to my trades. after ending with a 1.4k realized loss in 2016, I'm starting on a new footing with a new strategy that i have back tested a number of times, which is trading converging triangles. So hope you enjoy my analysis.
Trading portfolio
for all my trading portfolio, where it is risky, i learnt the hard way to trade with smaller amounts so i have a wider stop loss (can stay in market longer)
Spackman. EP: 19.3/4 SL (thick red line at closing) TP: bearish engulfing.
Acromec (reduce holdings by 50% before) EP 57.5c SL: bearish breakout TP: 68-70+cents( when it turns down with bearish engulfing) on down days, the volume is very low, smart monies are inside, but need to have strong stomach to take this shaking.
Dynamac EP 17.5c, SL: false breakout TP: when there is bearish engulfing or hover (~20c)
Sunmoonfood. EP10.2c SL: false breakout TP: > 14c (when there is bearish engulfing)
*i wll try to touch up on my post some of the comments to give greater clarity*
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