Eveyone knows how to buy shares, but knowing when to sell is a special skills?

Above is a weekly chart of Hi-P International. As the shares started to bottom again in January 2019, I continued to monitor the smart money activities. The proprietary indicators started to show "Markup Bullish" on 2nd week of January, telling me that the smart money is getting into this stock soon. By early February, the relative strength line began to move above zero line meaning that the stock is moving in sync with the STI index. Subsequently, in mid-February, "Uptrend indicators were triggered over 15th and 22th confirming that the this stock is going to fly.

I took a trade on the 1st "uptrend' trigger on 12th February at $1.02..

Watching patiently for the smart money to unload their inventories... Till date, 6th March, I am watching the stock is being tested for a higher price. The range of test is between $1.47 to $1.60 range. Breaking either side will determine the future of this price trend.

As such, for now is to wait patiently for the chart to evolve.. No need rush to add lots or sell early.

Let the market tells you what you should do next.....

Be patience, let the stock trends until its bend.....

Happy Profitable Trading 2019

Trading Strategy updated//

Taking above chart as a good example to illustrate how to ride a trend until its bend.
Above is a perfect chart for this strategy, although most of the time, we may not be able to pick such trending stock, nevertheless, we are not trying to spot home run stock which nobody can predict the future trend.

The logic behind this strategy is to divide the trading capital into 5 equal parts. Each entry will use 1/5 of the total trading capital. The reason is simple, if my initial entry is wrong, I can exit with small losses instead of putting the full capital sum into initial trade.. Frankly speaking, how many times will the share price pulls back after we execute the buy order in the market? I believe many of us have such a feeling of been lousy. But if you are confident with your analysis and understanding of the market mechanism, you know that the share price will head higher or lower after a few sessions.

Assuming after the initial purchase at no.1 location, and price starts to move higher to no.2 location and gain support from the blue dotted line, this is the time where we start to make the 2nd purchase and let the trend does what it best doing.

Subsequently at location 3 and 4, purchases are made with the support of the blue dotted line.

As price move higher and faces resistance from sellers, it starts to bend and break down the dotted blue line with Red price bar, this is the time to call it quit and exit from the market immediately the next day.

Throughout the trend trading from location no.1 to 4, the price bar never changes to RED, meaning the price trend is still in-tact, no need to think of selling and only think harder for the next accumulation location.

The above strategy is good for people who has a full-time job and do not need to trade often in the market. The effort required is the 1 hour everyday after work to look at the price chart and ask the following questions.

1) Has the price bar turned RED?
2) Has the price gone below the dotted blue support line?
3) Any of the weakness indicator triggered recently? e.g. lack of demand, trap upmove, professional distribution, top reverse, end of upmarket etcs..

Continue to hold as long as the price can trend..

Patience and perseverance.. Win the trading game in 2018

Real-Time Charting with my system codings.

Six months ago, I decided to move from Shareinvestor Webpro to Shareinvestor Station. As you know, the Station edition is of higher value and thus more tools are provided for serious traders to leverage on.

In the course of understanding and learning to use the platform, I asked myself that if I could have my EOD trading system coding and scanners in the Station as my real-time trading tools, wouldn't that be great? it will definitely improve my probability to trade shorter term time frame as well.

Therefore I embarked on a journey to find out and learn how to interpret Station programming functions and tools.
As I have been codings in Metastock language, l thought it should be simple for me to understand Station coding Syntax and I should be able to programme it anytime I wish.

Nevertheless, it turns out to be quite different for me. As such, I wrote numerous emails to Shareinvestor Support team for assistance on my codings and frankly speaking, I am willingly to pay a fee for the consultancy.

Instead, the support team asked me to send what I wanted to have and shared my sample codings in Metastock which the
support team assisted to code it in Station language. I was so delighted to have the 1st indicator on the Station.

Relative Strength Line (RS) is born. RS is simply dividing the stock price / major index. This indicator is not lagging instead in it leading me to understand what is going next. if the RS >0, it simply tells me that the stock is currently outperformed the index and have more room to the upsides when the Index starts to catch up.

Over the months, I continued to code other part of my EOD system into the Station, next is the Advanced Cutloss line which is coded to keep my money safe and sound when there is trouble.

Overall, I am grateful for Shareinvestor support team for this assistance. Thanks Guy.. If I manage to swin full time at home one day, you will be my greatest mentor. deeply appreciated.

2018 is a year of dog, and this is my year. Will end 2018 with abundances and prosperity...

Life is a journey of seeking truth... I have found my path and its time to stay focus and make things happen.

Cheers

Happy Trading!

Testing a new scanner that picks up trading after a sell-off shown by the BLUE Arrow.

Testing a new scanner that picks up trading after a sell-off shown by the BLUE Arrow.

Note that the black line (advanced stop short) will continue to go horizontal to support the price acceleration until exhaustion where it will move up vertical to meet price. Selling occurs after 2x red bars appear.

Backtesting has been great.. Its time for real business...

 

 

 

 

 

 

LHN - Will price continue to trade higher with enormous volume on 28th December 2017?

Base on price action, it is highly possible that the price may test 0.245 level. But will the uptrend continue?

We need to see the next few bars, if the price is weak, we shall witness higher price bar with narrow spread and high trading volume. If the price is still strong, we shall see negative price bar with below average volume, trading above 0.23.  Lets see what happen tomorrow......

How to determine that an uptrend is reversing soon?

No stock will continue to go up, up and away. This is true if you agree that "Whatever goes up, will come down one day" but when?

When trading, always look at the left side of the chart, look and feel if the background is still moving up with supporting volume or reducing volume. This insight will give you the trading edge when you decide to take a trade later.

Stay focus and 2017 will be the greatest trading year with good profits for active traders.....

Cheers

How well is my expert scanner doing in the market using virtual money?