Color of Money - Finance Manila

Been reading "Trading systems, methods and resources" thread in Finance Manila and found this:

You have to design your strategy, based on your own profile. If you find someone who has the same profile as yours, then you can compare notes, and maybe you can learn from each other.

But at the current bull market, it's almost impossible to find someone to compare notes with.

Personal Disclosure

The market declined further today to 4266.45, closing lower by 29.17 points or 0.68%. Decliners outnumbered gainers, 30 to 81, with 36 unchanged.

Rate of change seems at the bottom already and a bounce is now possible in the short term.

Top gainers with significant volume today are MRC +8.82%, CEB +6.41%, and JFC +2.64% Top losers for today are ALCO -9.72% after gaining 21.35% yesterday, AGI -6.24%, and RFM -4.29%.

AEV finally caved in to further selling pressure, closing lower by 1.71% at 34.40. Declining momentum and rate of change suggests further decline in the short term with possible support at 33.50.

Possibly forming a ranged or an ascending triangle pattern.

Initial target: P45

AP remained strong in the current market condition, closing lower by 0.50% only, closing at 30. However, momentum and rate of change are still both declining suggesting further decline in the short term.

Possible support at 28.65-29.30 (gap) levels.

Initial target: P35

Will write an update on my watch list later.

AP is up by 10.83% within thirteen trading days with doubled up position.
AEV is slightly higher from entry(34.10) within three days. Break-even at 35.07.