Tech Charts Year in Review with Aksel – May 2021
Tech Charts Year in Review. Aksel compares the before and after of charts shared with Members over the last year followed by a live Q&A.
Tech Charts Year in Review – Year Four
- A study on Chart Pattern Reliability with the available sample data over the past year.
- Rectangle has been a reliable chart pattern with the H&S variations. Examples and studies on those reliable patterns.
- Detailed statistics on different types of breakouts.
- The impact of different market cycles on chart pattern opportunities.
- Live Q&A
- Are there certain stocks (MSFT, GOOGL, etc.) that have a greater likelihood for Rectangles? 58:47
- When do you enter into position on breakout day? Near closing time at market price or enter into position as soon as breakout occurs during the day? 59:39
- Do you consider volume or any other similar confirmation indicator on breakout day? 1:00:36
- If you see the momentum is getting weaker, do you have any exit strategy before stop-loss is triggered, or you only exit when SL is triggered, or target is achieved? 1:00:52
- Do you have any pyramiding strategy when entering into position, or you enter full position on breakout day/level? 1:02:07
- Do you still buy/sell 3% from the boundary? Stop-loss on the boundary? 1:02:28
- What do you think about using of Fibonacci and also the using of it for reentry during long position in the type 3 and 4 breakout. 1:03:08
- Do you take profits when reaching target? Some stocks seem to keep running and that means giving up extra profits. 1:03:59
- Is the reentry point usually at the same level as the original breakout? 1:04:30
- Would you consider a set up in PEP as a possible two patterns 1) Rectangle and 2) cup and handle as well is FDX both H/S and cup and handle. 1:05:21
- What order types do you prefer? 1:05:51
- What risk/reward level you see most successful? 1:06:14
- On inverse H&S, I guess on H&S as well, your pattern negating level is sometimes too big to use as a stop loss, won't a stop loss just below the 200MA work better? 1:06:45
- What was the gain-loss ratio during last year of your strategy? 1:07:18
- Does it concern you to place a stop order. I have heard that the market makers will try and hit your stops. 1:07:58
- During a parabolic advance, the break of the parabola could mean an 80% correction. How do you draw the parabolas? Do you think BTC and ETH have broken their parabolas? 1:08:34
- Can Cup and Handle formation act as continuations, upward reversals or both? 1:09:08
- Do you care about the number of stock shares number and check the same fundamentals data? 1:09:42
