Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Cole's Reaction Day



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 46.7 0.54% 1.00% 3.6% -3.2% 2.8%
SHORT 12 10.7 0.67% 1.14% 1.5% -1.0% 4.9%


Technical Analysis

Aspen (APZ.AX)



Last Signal:


Trading: BUY @ $1.095
Signal Strength: MEDIUM

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.

Aspen (ASX:APZ): Coles Rally Day (HH)

Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


Stock Exchange: ASX
Company: Aspen
Ticker Codes: | APZ.AX | ASX:APZ |

About Aspen (ASX:APZ):

Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing ?value for money? accommodation. The accommodation sector is considered to have positive long term structural characteristics, with an enduring customer need and effective capital utilisation. Aspen has been a leading owner and manager of holiday and accommodation parks since 2004. Aspen currently owns 5 holiday and accommodation parks across Australia and the Spearwood South industrial property, which is a fully leased, high yielding property in Perth. An active acquisition programme is underway to expand the portfolio within the ?value for money? accommodation sector.

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Cole's Reaction Day

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