March has been a good month so far. The average gain for picks closed out this month, and those still open as of March 23, was 16.3% on an average holding period of 34 calendar days. Past performance does not suggest future results. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
In lieu of my visual review of dozens, if not more than 100, charts generated by the raw data from the screens, I have developed an algorithm overlay that will now make the (almost) final selections. My judgement wasn’t that good anyway. Non-subscribers click here for access.
This method is mechanical and non-judgmental. However, I still review the reduced output for any charts that are generating signals from already extended trends. They probably have more to run, but when they turn, those turns could be fast and violent. This is a risk to be avoided given the weekly publication interval. Non-subscribers click here for access.
That weekly interval keeps things simple for both of us, a goal to be desired but not often attained. In this case, the method is complicated, and takes place behind the scenes. The goal is that the output should be simple to follow. While I post a table with specific signal indications, I also post the charts of the new buy and sell short picks are posted so that you can evaluate them and do with them as you might. Non-subscribers click here for access.
There are now 3 layers of screens. The first is the raw output of buy and sell triggers in several time frames. The second filters those for intermediate trend. Previously, I reviewed that output visually. I now apply a third filter instead. It’s a filter of short-term signal triggers as of the day before publication. Non-subscribers click here for access.
This week’s screens generated 24 charts on the buy side and 91 on the sell side on the first pass. On the second pass there were still 24 on the buy side 87 on the sell side. In the screen of final short-term triggers on Friday, there were 3 buys to 7 sells. I excluded charts that were extended in their trends. Non-subscribers click here for access.
We came into the week with 11 open picks, including 3 shorts and 8 longs. 3 longs and 2 shorts hit their stops during the week leaving 1 short and 5 longs at Friday’s close. I am adding 3 short sales and 2 buys to the list assuming a half position at the opening price and half at the closing price. That means that the list will start the week with 7 longs and 4 shorts. Non-subscribers click here for access.
I have adjusted trailing stops for all existing picks. New picks will be added without stops. Risk management is assumed via multiple small positions that won’t break the bank if they go wrong. Non-subscribers click here for access.
Table of picks and performance in the subscriber report. Non-subscribers click here for access.
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The strategy and tactics opinions expressed in this report illustrate one particular approach to trading. No representation is made that it is the best approach, or even suitable for any particular investor. This is a developmental and experimental exercise, for the purpose of providing experienced chart traders with ideas and concepts to use or not use as they see fit.
Nothing in this report is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical.
This public report is not the full report. Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports. Non-subscribers click here for access.
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