Hi Traders
A well drawn channel lines that are touched numerous times as price meandering between the top and bottom channel lines provide very solid trading experience and rewarding treats if handle with surgeon's
precision.
As price moved forward with time, the expert indicators will automatically reveal the activitiy of the professionals. By exposing what the smart money is doing next, does provide abundant of trading
insights and opportunities to an average trader.
Armed with these expert trading indicators and scanners, I would feel like sitting besides a
professional trader, watching him performing his daily trading plan and follow him closely
with every precise trade execution with calculated risk to minimise error.
Knowing what to expect next does provide better opportunity and probable outcome. But nothing is
far from the truth that trading is just a probability game. How to increase once's opportunity to win consistently with mimium losses is the dream of every trader.
I am lucky to be blessed with a logical mind that can put trading ideas into programming codes and successfully created a series of time tested scanners which assist to pick, pull-back stock,
advancing stock, shorting stock and more. My stock analysis has really took a quantum leap after
completed the first version of this propietary scanners and indicators early this year.
Back to the chart now, as we can see that the price has been meandering around the lower channel
line for past one week with "Reduced Selling Pressure" expert indicators.
This is to tell me that the selling has subsided for past one week and sellers are not pushing hard on
the price. Even though the price is well supported above the channel low, does not command a
Buy Order. We need more confirmation to make sure that the price is ready to move higher in
this so-called "Buy Zone"
I would like to see that the price bar turns "Green" and the trend cluster which is below the volume
bar turns "Green". With both trend indicators showing identical direction, will I consider that the
price trend has changed from down to up.
For now, it is best to stay patience and watch how the price bar will evolve for the next 1 - 2 weeks
before deciding a trade to the Long side.
Don't rush to lose money, the market is always ready for losers. Stay alert and patience, when
opportunities come, strike like a wolf onto the sleeping herd of sheep.
- Eight years of trading experiences, I learned that being patience is a virtue many times.
- Trying to catch a run-away stock is like digging my own grave. Never be greedy to chase an
explosive stock. - Look to buy a stock which is on a healthy uptrend and has now returned to its support level to consolidate strength for the possible explosive upmove in weeks or months ahead.
Merry Christmas and have many Profitable Trading Ahead!
