How to trade without Technical Indicators and Still Do Well?

There is no secret in my trading strategy. Without using complicated formulas to create lagging indicators,
I am better off using the only real time leading indicators, Price and Volume only.

By classifying a stock into CLASS A (stock without know resistance on the left), CLASS B (stock with
multiple resistances on the left), CLASS C (stock that is moving down with lower peaks)

By classifying a stock into 4 Stages, Stage 1 - Accummulation, Stage 2 - Advancing, Stage 3 - Distribution,
Stage 4 - Declining.

My favourite long trade setup: CLASS A + Stage 2.
My favourite short trade setup: CLASS C + Stage 4.

Long trade always happens in the BUY ZONE (1/4) and Potential Profit Taking is in SELL ZONE (4/4)
When go long, make sure that the channel is pointing up and the angle of ascending is at least 45% above,
the steeper the slope, the more aggressive is the Market to move the price higher. Likewise do the
opposite for Short trade.

There is no certainty in trading, we are dealing with probability, as such remember to plan CUT LOSS.



Another Powerful Display of the Black Diamond, Look out for "No Demand" on the next 2 bars

Once Black Diamond appears, look out for the next two bars to see if there is no demand. If no demand
bar is detected (upbar with volume less than the last two transaction volume), it qualifies as Short Sell Candidate.

Past posting on similar topics as follow: Read if you have missed it earlier.

http://volume-price-spread-for-metastock.blogspot.com/2011/03/another-demonstration-of-newly.html
http://volume-price-spread-for-metastock.blogspot.com/2011/02/new-developed-indicator-that-inform-you.html
http://volume-price-spread-for-metastock.blogspot.com/2011/03/new-scanner-picks-up-stock-for-shorting.html

Using the Same Trading System on US Stocks - Portfolio update on 210411

Reshuffle the portfolio with some stocks such as "BBT" and "POM" will be taken out while
4 additional stocks that trigger "Go Long", Blue Diamond System have been added.
(This is a trial account from http://www.updown.com/ where I test and finetune the indicators and scanners
programming).

The Golden Rule of Trading

210411 - Took a trade on this stock after posted it at http://chartfreely-sg.blogspot.com

Reference chart posted on 20/04, http://chartfreely-sg.blogspot.com/2011/04/china-xlx-fertiliser-weekly-chart.html

Another Example of High Volume Upbar may mean End of Up Market

Another Example on How I use Stage Analysis to decide to buy or short sell?

By staging a stock into each cycle whether it is up, sideway or down. You can immediately know how to trade off this stock at the lowest risk.

But how? Simple, looking at the chart now, will you short a stock at Stage 2? Will you buy a stock at
Stage 4? So does that solve your problem by not getting you into the wrong stage of trading.

Let say that you bought a stock at Stage 2 and price is too far out from the moving average (black line),
don't worry, most mistakes made at Stage 2 will be forgiven. Why? price will pull back to the moving average to consolidate strength for the next higher upmove above the previous peak that you have entered.
As long as price continues to track along Stage 2 trend channel, don't worry pal.

If for me to trade any stock, it will be very near to the channel base with progressive volume coming
in to support the price trend. Buy when the stock is quietly moving up the channel. If it appears in the
Top Volume of the day, risk maybe getting high and I may not take a trade.

A sample of my classic Entry and Exit as shown in the chart below:

Notice: How the Propiertary Blue Diamond appeared along the base channel to trigger "Long

order" for me?