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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.