Magellan Financial Group Technical Analysis Dec 03 2023

Magellan Financial Group technical analysis using CCI Trading Dec 03 2023.
Welcome to Pete’s investing updates
in this strategy edition we will be talking about trading using the Moving averages, and applying a % Gain and Average Down approach.

#MagellanFinancialGroup #Magellan #MFG #Shares #sharetrading #averagedown #MovingAverage #divergence #CCI #CommodityChannelIndex

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Mult MA Oscillator strategy
https://youtu.be/u7gC6uFLskM

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https://youtu.be/2uGsgJ54DNw?si=qk7Ylq8R7Lw2LNNS

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Updated every weekend I look at the charts of some select blue chip shares as well as some key world sharemarket indices.

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If you want me to review an Index a share, a commodity or a FOREX pair, put it in the comments and I'll cover it in a future video

Things
to consider:
•We track and trade on a Daily chart since we want to back test and see results of trades back during the GFC as well as Covid effects.

•We track and back test Revenue over Drawdown requirements
(as a %) to optimize our returns with less exposure.

•Brokerage is included in our back testing. I use $8 per transaction each time we buy or sell. Revenue shown may change slightly depending on your brokerage costs.

•Our Back testing transacts with $2,000 per trade. ie everytime you purchase $2k worth of shares in the instrument you want to invest.
To increase Revenue (ie returns) simply increase this. But beware this will also increase your Drawdown, so ensure you factor in this with your money management strategy.

Lets get started

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