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.