Contents:
- Trade Details
- Hybrid 10-Step Trading Strategy Review
- Final Trade Assessment
- Next Steps
Trade Details
- Trade No.: 5/20
- Date: January 27, 2025
- Action: Buy
- Entry Type: Pullback Entry
- Signal: Price retracing to key support near the 200-MA and retracement zone
- Stock: MacroAsia Corporation (MAC)
- Shares Bought: 400 out of 800 allocated
- Entry Price: ₱5.58
- Position Size: 1/2 of target allocation
📌 Chart Overview:
- MAC closed at ₱5.16 (-6.52%), dropping below key moving averages.
- Price rejected near the 20-MA (₱5.44) and the 200-MA (₱5.31), showing weakness.
- 50% pullback at ₱6.33 remains a major resistance area.
- Support near the 0% pullback level at ₱4.96 is now in play.
MAC Trade No. 5/20 – Post-Trade Analysis Chart
Hybrid 10-Step Trading Strategy Review
(Each step scored out of 10 based on trade alignment with strategy.)
Step 1: Identify Market State & Trend Context - Score: 6/10
- MAC remains in a corrective phase after a prior uptrend.
- Failure to hold above moving averages suggests continued selling pressure.
- A reversal setup is not yet confirmed.
Step 2: Assess Price Position Relative to Key Levels - Score: 7/10
- Entry at ₱5.58 was near the 200-MA (₱5.31) but failed to hold.
- Price is now testing the lower range of the pullback zone, increasing downside risk.
Step 3: Power Bars & Retracement Strength - Score: 5/10
- Bearish candle with increased volume confirms stronger selling pressure.
- Price needs a strong green candle above ₱5.30-₱5.40 to validate a reversal.
Step 4: Entry Confirmation Based on Retracement Levels - Score: 7/10
- Entry aligned with a logical support level, but price closed weak.
- A retest of ₱4.96 is possible if no recovery occurs.
Step 5: Tactical Stop-Loss Adjustments - Score: 9/10
- Stop-loss placed below ₱5.00 ensures controlled downside risk.
- Break below ₱4.96 invalidates the trade.
Step 6: Color Change as a Secondary Confirmation - Score: 5/10
- No clear bullish color change yet.
- A green candle above ₱5.40 is needed for confirmation.
Step 7: Profit-Taking Aligned with Retracement Targets - Score: 8/10
- First target: ₱5.80-₱6.00 (short-term resistance).
- Final target: ₱6.33-₱6.50 (major resistance).
Step 8: Re-Entry at Secondary Retracement Pullbacks - Score: 6/10
- Re-entry near ₱5.16 may be possible, but a breakdown below ₱5.00 negates the setup.
- Another opportunity exists above ₱5.40-₱5.50 if strength returns.
Step 9: Tactical Position Management - Score: 7/10
- 1/2 position deployed, leaving room for scaling if price stabilizes.
- Further exposure should only be added above ₱5.40-₱5.50.
Step 10: Counter-Trend Trades Only When Retracement Fails - Score: 5/10
- Not a counter-trend trade, but weakness below ₱5.00 signals the need for caution.
- Price needs to reclaim ₱5.40 to justify holding the position.
📌 Overall Strategy Score: 65/100
📌 Summary: Trade entered at a reasonable support zone but failed to hold, requiring immediate risk management decisions.
Final Trade Assessment
Trade Rating: 6.5/10
✅ Trade Execution: Entry positioned at a retracement level, but breakdown occurred.
✅ Risk Management: Stop-loss at ₱4.96 ensures controlled downside risk.
✅ Profit-Taking Strategy: First target at ₱5.80, scaling out at ₱6.33-₱6.50.
✅ Position Size Strategy: 1/2 Allocation, keeping flexibility for re-entries.
Next Steps
📌 Monitor price action near ₱5.16-₱5.30. If MAC holds this level, consider holding the position.
📌 Watch for weakness below ₱5.00. If momentum weakens, consider cutting losses.
📌 Look for re-entry opportunities. If MAC retests ₱5.40 and holds, consider adding more shares.
🚨 Conclusion: Trade No. 5 remains weak unless MAC reclaims ₱5.40-₱5.50. If price fails to hold above ₱5.00, an exit is necessary to minimize risk. 🚨
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
Related Readings
- Micro Stock Trader: Comparing the Modified 10-Step Trading Strategy vs. Retracement Trading Strategy
- Micro Stock Trader Portfolio Tracker Page
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