BHP – BHP Billiton Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
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BHP

 В 

BHP Billiton Ltd

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Materials

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ASX Top 20

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Commentary:

UPDATE February 2010:В  Backtesting BHP using trend lines on a weekly chart, using two consecutively higher bars for a buy and two consecutively lower bars for a sell, it actually remains in an uptrend still.

Using this method has a 65% win percentage, and a 2.72 to 1 profit to loss in backtesting over 28 years.

Click the chart below to enlarge:

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Previous Trend Changes:

В - A Trend Line Entry in February 2009, and a re-confirmed up trend at $38.70.

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February 4, 2010  Tags: , , , ,   Posted in: Research On Australian Stock Trends

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