How to detect Trend Continuation in an Uptrend and get more profits?

 If you are able to detect a pause in an uptrend (short break, price started to move sideway

for a 3 to 5 bars or sometime more bars), it provided an good opportunity to add more lots

to anticipate further upsides therefore claiming more profits. 

Happy Profitable Trading 2023!

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.
 

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.

Update on New Bullish Scanner Codes in Development to detect Amazing Future Uptrend

 

In February 2012, the author embarked to programme a scanner code which could possibly detect

   future uptrend if all the conditions are met.





 

   The author posted numerous charts examples with fantastic upmoved and proved profitable.

   If you miss the post, refer to: http://volume-price-spread-for-metastock.blogspot.sg/2012/02/new-bullish-scanner-codes-in.html.

 

  Inorder to show the capabilities of the scanner, the author ran the scanner and picked up many

  stocks that met the tedious conditions. SIA Engineering closed $3.77 on 24th Feb was picked up

  by the scanner and the author did a thorough analysis and decided to post it online as a proof

  to show that the scanner was doing a good job.

 

 Nearly 11 months since, I updated the chart for SIA Engineering today to share the outcome.

 The scanner is really doing well. Since it was picked and analyzed, SIA Engineering has not

 triggered the "!Take Profits" propietary indicator for the author to exit trade when trigger.

 

  Though it is difficult for the scanner to pick up stocks frequently but when stocks show up

  on the scanner, it proves to be worthwhile to have 2nd look and perform thorough analysis.

 

 The author is a pure chartist who does not follow news events and other means. All trading

 decisions are made from the chart analysis.

 

Happy Profitable Trading 2013!

 

 

 

 

Trading becomes boring when you trade with a system.

Knowing Where the trend is heading can save you Money!