PB IGNACIO

TECHNICAL INTENSIVE
BATCH MAY 2020
Ignition Studies
BACKTEST DATA
NOVEMBER 2020
Introduction
This document is compile my data for different continuation patterns as per Yuri’s
Ignition webinar:

1. Slingshot

2. Consolidation at the Highs (CH)

3. Modified CH

4. Alpha Set-up
Table of Contents

 Part 1: Slingshot: 3 charts wins/3 charts losses

 Part 2: Consolidation at the Highs: 3 charts wins/3 charts losses

 Part 3: Modified CH: 3 charts wins/3 charts losses

 Part 4: Alpha: 3 charts wins/3 charts losses

#1 SLINGSHOT
Slingshot could be a bread and butter setup for swing traders since it can be regularly
be seen and highly repeatable. Below are the parameters

1. The Rally - prior run up with RSI 70 Breakout

2. The Conso – after the run up, should be consolidating above Fib38.2 or above and
RSI above 40 while consolidating
3. The Entry – there are multiple options to enter:
a) When price breaks above Fib38
b) Using darvas box, time the E1 below ¼ line or near the support
c) Breakout of the range
Win #1 - $MRC
Win #2 - $MAC
Win #3 - $NOW
Fail #1 - $MAC
Fail #2 - $APX
Fail #3 - $DITO
#2 Consolidation at the Highs (CH)
CH is one of the most high probability setup especially in PSE since it occurs frequently
during the bull market and could be a bread and butter setup for momentum/swing
traders. Below are the parameters

1. The Rally - prior run up with RSI 70 Breakout

2. The Conso – after the run up, should be consolidating above Fib23.6 and RSI should
be above 70 while consolidating (consolidation should only take 3-5 days)
3. The Entry – there are multiple options to enter:
a) Using darvas box, time the E1 below ¼ line or near the support
b) Breakout of the range (body to body or wick to wick)
Win #1 - $TUGS
Win #2 - $MRC
Win #3 - $DITO
Fail #1 - $MRC
Fail #2 - $IMI
Fail #3 - $ACEN
#3 Alpha
Alpha setup is the strongest among the continuation patterns as it refers to stock which
has a very sharp rally and very short consolidation or pause period. “TOO FAST, TOO
SOON.”

1. The Rise - prior run up 25-30% in a day with RSI 70 Breakout

2. The Fall – after the run up, should consolidate above Fib38, RSI may rarely dip to as
low as 60.
3. The Bounce – possible min. TP is the top of last green candle.
4. The Entry – there are multiple options to enter:
a) Time the retracement or dip for possible swing entry.
b) Breakout of the recent high for a momentum entry.
Win #1 - $IDC
Win #2 - $VITA
Win #3 - $ALCO
Fail #1 - $APX
Fail #2 - $PXP
Fail #3 - $ALCO