XAO (ASX) Short Term Trading Weekend Lounge: 6 -8th Apr

Originally posted by Nodferatu ↑

Well, if I'm honest, another fairly ordinary week passes by... I have no shame in admitting I'm struggling to make any decent money in this market. I haven't worked for 3 months, and if this is what it is like trying to live off the market, well, the future wouldn't be looking all that prosperous . Lucky I'm still getting paid by the employer. It appears to be a slow grind backwards overall for me - Make a little here, give a bit back there and so forth. I have zero conviction at the moment. Thinking I might shorten my time frames and go play with the mid-large caps for a while, even it it only results in play money (or play loss). At least it might stimulate my mind, as at the moment, I'm losing interest at a rapid rate.

Anyway a few scans for perusal.

Price and Volume:
View attachment 1046560

52wk High:
View attachment 1046557

52wk Low:
View attachment 1046527

MA200 Cross Up:
View attachment 1046536

MA50 Cross Up:
View attachment 1046539

MA Triple Cross Up ( 5-period EMA must be greater than a 15-period EMA with the 1- period rate of change of the 40-period EMA also being positive. The price event occurs when the close crosses above the 40-period EMA. This price event must be confirmed by a volume event using the same 5 and 15 period moving averages-but calculated on volume rather than price) :
View attachment 1046530

MACD Cross Up:
View attachment 1046533

RSI Oversold:
View attachment 1046554

Stochastic Oversold:
View attachment 1046548

MFI Oversold (The 14-period Money Flow Index crosses above 20, out of an oversold condition on increasing volume) :
View attachment 1046542

Candle, Big Black:
View attachment 1046545

Candle, Big White:
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Thought this was a great quote over on the blue bird from Assad about protecting emotional capital.

“Most traders tend to overlook the importance of protecting mindset when the markets chop. These kind of markets consume emotional capital due to frequent whip. Best to avoid trading and the big move once it plays out will appear so much clearer.”