Tuesday, May 28, 2013

How I would trend trade a stock using Propietary Trading System?



How I would trade?

Point 1 : Take a trade after Blue Diamond Triggered

Let the price trends along the two Moving Averages 10EMA,30EMA.

as long as price does not fall below the longer term 30MA for 2 days or more

or the expert indicator "!Take Profits" appear

Point 2 : Along the way, when another Blue Diamond appears, it is an opportunity to

perform averaging up buy buying more lots.

Point 3 : As price trend higher, volatility increases until price starts to weaken and trigger

"!Take profits". This is the 1st sign of caution and get ready to exit if Point 4

condition happens.

Point 4 : Monitor the price closely after "!take profits" indicator alert, as long as there are two

price bars that consecutively close below the longer term 30MA (black line), just take profits.
 

Sunday, May 26, 2013

New Indicator Alert: "Force Exit"

How many times when the system triggers us to take profits but we still wait and see if there is
somemore upsides to go?

This happens to me, whenever my expert indicator triggered " !Take Profits", I wait and see how
the trend evolves later and usually turns out to be bad.

This indicator "Force Exit" is coded to instill manatory action to take immediately upon triggered.

Thursday, May 9, 2013

Personal Trading Preferences - May not be applicable to YOU!

Personal Trading Strategies developed over the years. Become autonomic nerves reaction.
 
Don't follow without referring to the manual 101...

Best time to exit a trade is in the morning; 9:30 - 10am
Best time to enter a trade is the 15mins before closing; 16:45 - 17:00
Best way to confirm a Sell, just sell directly to the bid price.
... Best way to confirm a Buy, just buy directly from the ask price.
Best way to keep Alert on stock, use SG Stock Alert (free) for Iphone and set
target high, target low level to trigger on the phone.
Best way to feel good after a transaction, walk away from the Market for the day.
Best way to prepare for a trade, to do homework every night by scanning for potential trades to take the next day.
Best way to track the P&L, just use Excel Spreadsheet is good enough.
Best way to chart a stock, just use trendlines, channel lines to determine resistance and support.
Best way to protect a trade, set target trigger level with SG Stock Alert (free)
Best way to trade without worry, use automatic GIRO deduction for transaction.
Best way to not worry about the trade while working on a job, don't talk to anyone about the trade. Most will confuse you then to help you.
Best way to enjoy trading, make it a hobby.
Best way to handle Risk, is to FACE IT and Manage IT.
Best way to count the winning, count the no. of Osim chair that I can buy with...