What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Woodie Pivot Point

Score

-1.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 106 4.7 0.42% 0.63% 2.0% -1.7% -31.0%
SHORT 107 4.1 0.38% 0.56% 1.8% -1.8% -55.6%

Summary

Technical Analysis

Money3 (MNY.AX)


Indicator:

WOODIE PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Money3 (ASX:MNY) current pivot point (Woodie) is:
$2.053.

The current resistance levels are:
(R1) $2.076
(R2) $2.103

The current support levels are:
(S1) $2.026
(S2) $2.003



One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;


PROFILE: Money3 (MNY.AX)


Stock Exchange: ASX
Company: Money3
Ticker Codes: | MNY.AX | ASX:MNY |

About Money3 (ASX:MNY):

Money3 Corporation Limited, a finance company, provides secured and unsecured personal loans in Australia. The company offers small cash and personal loans, and car loans and vehicle finance services, as well as cheque cashing services. Its vehicle loans include loans for cars, bikes, boats, trucks, tractors, and various vehicle repairs. The company provides loans through brokers and branches, as well as online. It operates 53 branches in Victoria, New South Wales, South Australia, Queensland, and Tasmania. The company is headquartered in Bundoora, Australia.

Top 10:

Woodie Pivot Point

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