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Swing Trading Short-term (1 to 10 days) Trades with Japanese Candlestick Reversal Patterns.
Take short-term (1 to 10 days) swing trading positions based on a dozen Japanese Candlestick reversal patterns.
Shoot for 5% to 10% gains during this period.
Set stops $0.10 above (or below) the high (or low) of the signal day.
Signals are triggered on stocks in a short-term uptrend (or downtrend), reaching overbought/oversold levels based on the Wilder Relative Strength Index (WRSI).
High volume on the signal day(s) are important.
Check to see if signals confirm support and resistance levels, e.g., at the 50- and 200-day moving averages, and at prior price levels.
Trade Strategy: Place STOP MARKET ORDER to BUY on strength above $18.25. Set Stop Loss $0.10 below signal low: $16.16
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 0.00%
Low Return: 0.00%
Days Elapsed: 0
Historical Returns: Using the above Trade Strategy, average gain for the Bullish Piercing Pattern was 6.60%, average loss was -4.12%, for an average reward-risk ratio of 1.6. Measurement sample was 11 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-10-02: Bullish Piercing Pattern (BMC)
Trade Strategy: Place STOP MARKET ORDER to BUY on strength above $36.37. Set Stop Loss $0.10 below signal low: $35.55
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 0.00%
Low Return: 0.00%
Days Elapsed: 0
Historical Returns: Using the above Trade Strategy, average gain for the Bullish Piercing Pattern was 6.60%, average loss was -4.12%, for an average reward-risk ratio of 1.6. Measurement sample was 11 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-29: Bearish Shooting Star (WPRT)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $12.68. Set Stop Loss $0.10 above signal high: $13.42
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 12.61%
Low Return: -0.16%
Days Elapsed: 3
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Shooting Star was 8.57%, average loss was -3.06%, for an average reward-risk ratio of 2.81. Measurement sample was 89 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-29: Bearish Hanging Man (NGS)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $17.84. Set Stop Loss $0.10 above signal high: $18.22
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 4.02%
Low Return: 0.00%
Days Elapsed: 3
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Hanging Man was 8.48%, average loss was -1.71%, for an average reward-risk ratio of 4.96. Measurement sample was 30 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-29: Bearish Doji (MTL)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $18.12. Set Stop Loss $0.10 above signal high: $18.74
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 7.09%
Low Return: 0.00%
Days Elapsed: 3
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Doji was 7.37%, average loss was -2.18%, for an average reward-risk ratio of 3.38. Measurement sample was 299 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-29: Bearish Doji (HSNI)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $16.12. Set Stop Loss $0.10 above signal high: $16.33
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 0.94%
Low Return: -0.98%
Days Elapsed: 3
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Doji was 7.37%, average loss was -2.18%, for an average reward-risk ratio of 3.38. Measurement sample was 299 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-25: Bearish Engulfing Pattern (MXWL)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $17.46. Set Stop Loss $0.10 above signal high: $18.57
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 0.00%
Low Return: -9.39%
Days Elapsed: 3
Stopped Out
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Engulfing Pattern was 7.77%, average loss was -4.22%, for an average reward-risk ratio of 1.84. Measurement sample was 24 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-21: Bearish Shooting Star (HSR)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $18.90. Set Stop Loss $0.10 above signal high: $19.06
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 0.53%
Low Return: -0.89%
Days Elapsed: 9
Stopped Out
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Shooting Star was 8.57%, average loss was -3.06%, for an average reward-risk ratio of 2.81. Measurement sample was 89 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-18: Bearish Doji (TNC)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $28.24. Set Stop Loss $0.10 above signal high: $28.60
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 2.99%
Low Return: -1.53%
Days Elapsed: 7
Stopped Out
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Doji was 7.37%, average loss was -2.18%, for an average reward-risk ratio of 3.38. Measurement sample was 299 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
Daily-3Mo
Weekly-1Yr
2009-09-18: Bearish Doji (NGLS)
Trade Strategy: Place STOP MARKET ORDER to SELL on weakness below $18.65. Set Stop Loss $0.10 above signal high: $18.87
Returns: Highest and lowest returns based on closing prices, over a 10-day period:
High Return: 2.25%
Low Return: -0.59%
Days Elapsed: 14
Timed Out
Historical Returns: Using the above Trade Strategy, average gain for the Bearish Doji was 7.37%, average loss was -2.18%, for an average reward-risk ratio of 3.38. Measurement sample was 299 stocks. In practice, returns would be affected by slippage (close vs open prices, bid-ask spreads, etc.).
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