Apple IncLong
Timing your entry and exit with MTF on $AAPL
Looking back, the 65min timeframe appears to help in timing the entry and exit of AAPL in its recent rally.
1. It looks like the stock should at least be in a short term uptrend before adopting this strategy sinceAAPL is still in a long term downtrend looking at how the price is below its 10week and 30week MA. Clearly, AAPL isn’t on Stage 2 yet but timing entries
2. Although an earlier standby entry was given on the 65min timeframe on 17/6 and an entry was confirmed by the daily timeframe on 21/6, the exit was also triggered by the Sell signal on the daily timeframe on 30/6.
3. The timing strategy should be strictly enforced to reduce risk. However, should another entry timing opportunity arises, this strategy can be adopted again.
4. Such an opportunity arose on 1/6 whereby a standby entry was observed on the 65min timeframe which was quickly followed by an entry confirmation at the close of 1/6 on the daily timeframe.
5. Price continued to rise until it showed a standby exit on 13/6 on the 65min timeframe but this time the exit confirmation did not show up on the daily timeframe. Instead, the buy signal appeared signally an opportunity to add more positions.
6. Interestingly, this phenomenon occurred again on 18/6 and 19/6 again on the 65min timeframe thus giving yet another opportunity to add even more positions.
7. Price continued its ascend until it received a standby exit on the 65min timeframe and finally an exit confirmation on the daily timeframe on 22/8 at which point, prices began to decline.
8. It would be interesting to test this timing strategy when more companies begin their uptrend.
9. SinceAAPL is currently on short term downtrend, we’ll have to watch for the standby entry on the 65min timeframe and the entry confirmation on the daily timeframe first before the next rally comes about.
AAPL in its recent rally.1. It looks like the stock should at least be in a short term uptrend before adopting this strategy since
AAPL is still in a long term downtrend looking at how the price is below its 10week and 30week MA. Clearly, AAPL isn’t on Stage 2 yet but timing entries 2. Although an earlier standby entry was given on the 65min timeframe on 17/6 and an entry was confirmed by the daily timeframe on 21/6, the exit was also triggered by the Sell signal on the daily timeframe on 30/6.
3. The timing strategy should be strictly enforced to reduce risk. However, should another entry timing opportunity arises, this strategy can be adopted again.
4. Such an opportunity arose on 1/6 whereby a standby entry was observed on the 65min timeframe which was quickly followed by an entry confirmation at the close of 1/6 on the daily timeframe.
5. Price continued to rise until it showed a standby exit on 13/6 on the 65min timeframe but this time the exit confirmation did not show up on the daily timeframe. Instead, the buy signal appeared signally an opportunity to add more positions.
6. Interestingly, this phenomenon occurred again on 18/6 and 19/6 again on the 65min timeframe thus giving yet another opportunity to add even more positions.
7. Price continued its ascend until it received a standby exit on the 65min timeframe and finally an exit confirmation on the daily timeframe on 22/8 at which point, prices began to decline.
8. It would be interesting to test this timing strategy when more companies begin their uptrend.
9. Since
AAPL is currently on short term downtrend, we’ll have to watch for the standby entry on the 65min timeframe and the entry confirmation on the daily timeframe first before the next rally comes about.
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