MEG - Dec 24 100SMA StrongWeak Bounce
Updated
Bet size is 1/2 kelly f*portfolio = (11690/2)*0.5 (I already have PACS running so I accounted for 2 stocks)
MEG
- Sector: Environmental services & consulting
- Past two quarters, revenue and EPS has stalled
- ADR 9.56%
- Short Interest: 8.07%
- Avg Vol (30D): 787.48K
- Market cap: 573M
- Does it respect the H1 100SMA (Min 3Months): Yes
- Is it a Hype Thematic (AI, Solar): No
- Nothing from insider filings
MEG
- Sector: Environmental services & consulting
- Past two quarters, revenue and EPS has stalled
- ADR 9.56%
- Short Interest: 8.07%
- Avg Vol (30D): 787.48K
- Market cap: 573M
- Does it respect the H1 100SMA (Min 3Months): Yes
- Is it a Hype Thematic (AI, Solar): No
- Nothing from insider filings
- 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
- Trading risk at 0.5R as we are testing this strategy
- This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
- Entry
- Within Stdev 100 zone
- SL = Candle open + ATR14 * 2
- Trailing stop (Previous Day Low or high)
- Price launch off (D1)
- D2 Closes
- D3 Move SL to D2 Low
Trade closed manually
Exit
Closed trade fast because greater force price action had started to reverse after monitoring the first two H1 candles
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