Buying can be a sure thing when cluster of positive indicators appear within the week or so.
This gives you the strong conclusion that "Yes", Professionals are in the game to provide
good support to the base so that price can propel further from here.
There are many powerful indicators in this Personal Trading System. I have spent more than
six months developing, testing and fine-tuning each indicator as precisely as it can be to pick up
the Smart Money activities such as when they are accummulating, distributing and idling.
Comparative Relative Strength to the Index and Moving Averages are used in my System
as references. The most important skills that I have developed over the times is to
interpret the Daily Demand and Supply with just Price and Volume only without additional
indicators such as MACD, RSI, ADX, STOCHASTICS, Moving Averages.
Yes, just Price and Volume using Candlestick. During my free time, I created many training
tools to improve my chart reading skills using Powerpoint, by reading each bar at a time and
decide to take trade or call it off, have made me more confident to even trade off with a mobile phone
that provide candlestick chart and volume.
This is what I have created to train my chart reading skills as below:
More than 50 charts with different cycles in stock trend are used for practising skills
What I want to achieve is to follow the Smart Money activities that drive the Market in either direction
to take some profit out from the trade each time.
The Expert indicators, Diamond's Scanner and System Tester codes are not for commercial purpose.
It is solely for my Personal Trading and shared with a few good buddies.
Expert Indicators will appear on the price bar each day if certain condition is met. The programming
codes involved Price Action (Open, High, Low, Close) and Daily Transacted Volume.
The Purpose of the Expert Indicators are to decrypt the nature law of Supply and Demand in the Market Place each day, not forgetting the Professionals activities are registered in the Volume bar.
The key element in this Trading System is to predict the Professionals Activities in the near term with acceptable accuracy. Therefore a swift trade can be executed and profit can be made as the price starts
to rebounce from the successful "Test Base / Support Level". At this level, the Risk to Reward Ration
is good.
The Diamond's Scanner on the other hand, help to scan the whole SGX Market about 900+ stocks
for possible stock that meets the criterias for further analysis and possible transaction the next day as shown below. This Scanner also applicable to all tradable securities.
Using the same trading system for USA Market using http://www.updown.com/ with 1 million
dollar Practical Account.
With the Scanner to pick out trades, this is my USA Stock Portfolio.
