Trading indicator
Cole's Reaction DayTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Cole's Reaction Day
Score
0.9
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 22 | 25.2 | 0.68% | 1.50% | 4.3% | -1.5% | 49.8% |
| SHORT | 23 | 10.3 | 0.43% | 0.67% | 2.6% | -1.7% | 1.2% |
Summary
Technical Analysis
Macquarie Telecom (MAQ.AX)
Indicator:
COLES REACTION DAY
Last Signal:
BEARISH
Trading: SELL @ $22.61
Signal Strength: MEDIUM
Recommendation:
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.
Macquarie Telecom (ASX:MAQ): Coles Reaction (LL)
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
PROFILE: Macquarie Telecom (MAQ.AX)
Stock Exchange: ASX
Company: Macquarie Telecom
Ticker Codes: | MAQ.AX | ASX:MAQ |
Macquarie Telecom Group Limited provides telecommunication and hosting services to corporate and government customers in Australia. It offers voice services, such as fixed-line voice, unified communications, and video and Web conferencing services; managed mobility services and mobile management tools; and cloud services, including hybrid, VMWare, and private cloud services, as well as dedicated servers, colocation, managed hosting, management tools, and data center extension services. The company also provides data services, including Internet, fixed wireline Ethernet, private IP-VPN, Cisco Meraki, business NBN, international data links, SIP trunking, SaaS enabled WAN, secure remote access, and business Ethernet access. Macquarie Telecom Group Limited was founded in 1992 and is headquartered in Sydney, Australia.
Top 10:
Cole's Reaction Day
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| EVO Evolve Education | 0.15 | 16 | 1,038,660 | 0 | NEUTRAL |
| TZN Terramin Australia | 0.04 | 8.8 | 66,136 | 0 | NEUTRAL |
| CIA Champion Iron | 2.68 | 7.6 | 1,358,332 | 0 | NEUTRAL |
| ADH Adairs | 2.45 | 6.5 | 1,411,731 | 0 | NEUTRAL |
| PRT Prime Television | 0.21 | 5.1 | 569,347 | 0 | NEUTRAL |
| CLQ Clean Teq Holdings | 0.22 | 4.9 | 400,508 | 0 | NEUTRAL |
| COE Cooper Energy | 0.57 | 4.6 | 1,467,066 | 0 | NEUTRAL |
| OCL Objective Corporation | 6.79 | 4.6 | 57,707 | 0 | NEUTRAL |
| BSE BSE | 0.23 | 4.5 | 39,200 | 0 | NEUTRAL |
| LAU Lindsay Australia | 0.36 | 4.4 | 140,660 | 0 | NEUTRAL |