Extremely High Volume on the upper channel with positive day closed is it a good sign?

 

 

Looking at the extremely high volume bar and positive day closed, did it give you the confident to trade to the long side on the next day? Did the price go up the next day? if not, what had happened?

 

Shouldn't the price go up after such an exciting trading day?

 

If the price was not heading higher then what had happened? -

 

Could it be the start of a distribution so that the price can become cheaper again for the professionals to take advantage of?

 

what is the current critical support level that needed to watch closely?

 

What will happen if price break down this support level?

 

When trading, many questions run through my mind before I decided to make a trade. If there is doubt, always stand sideway to watch how the price trend will evolve before rushing in to take a stand.

 

Never rush into the Market, the Market will always be there even I am gone.

 

Happy Profitable Trading!

 

A Trading System that TELL THE TRUTH with propietary indicators and scanners

A system that provides descriptive events as the market unfold each day. This is the Trading Edge.

A time tested system that does not use complicated formulas to study the underlying demands and supply, no demand and no supply.

Seek to reveal what the Professional Activities in the market to a certain degree of accuracy.

But there is no sure thing in the market.

Always protect yourself with a risk management tool such as position sizing and chart analysis to seek out best probability of success vs profitability.

"Trading is a Team Sport"

Happy Profitable Trading 2013!

Online Simple Trade Management that I use in my Trading Plan

The following diagram illustrates how to use Position Sizer Calculator and Profit & loss Calculator
to make up a trading plan.

1) Enter the following information in the Dynamic Position Sizer Calculator

a) Max Cost: ; capital outlay for this trade
b) Risk: ; dollar amount of risk to take
c) Buy/Sell Price: ; Entry or Short Sell Price
d) Stop Price: ; Sell or Cover Short Price
e) Position Type: ; is it a Long or Short order
f) Shares to Buy/Sell: ; this will automatically determine the quantity to buy/sell

2) Enter the following information into the Profit & Loss Calculator

a) No. of shares ; taken from the auto-compute Position Sizer
b) Buy Price ; Entry Price
c) Cut Price ; Stop Price
d) Target Price: ; Near term resistance level

3) Once this is done, you will know the following

A) Risk to Reward Ratio ; whether a trade should be taken or walked away
B) Break Even Level ; when the trade will become profitable.
C) Potential Profit & Loss Amount

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.

Personal Trading Preferences - May not be applicable to YOU!

Personal Trading Strategies developed over the years. Become autonomic nerves reaction.

 

Don't follow without referring to the manual 101...

Best time to exit a trade is in the morning; 9:30 - 10am
Best time to enter a trade is the 15mins before closing; 16:45 - 17:00
Best way to confirm a Sell, just sell directly to the bid price.
... Best way to confirm a Buy, just buy directly from the ask price.
Best way to keep Alert on stock, use SG Stock Alert (free) for Iphone and set
target high, target low level to trigger on the phone.
Best way to feel good after a transaction, walk away from the Market for the day.
Best way to prepare for a trade, to do homework every night by scanning for potential trades to take the next day.
Best way to track the P&L, just use Excel Spreadsheet is good enough.
Best way to chart a stock, just use trendlines, channel lines to determine resistance and support.
Best way to protect a trade, set target trigger level with SG Stock Alert (free)
Best way to trade without worry, use automatic GIRO deduction for transaction.
Best way to not worry about the trade while working on a job, don't talk to anyone about the trade. Most will confuse you then to help you.
Best way to enjoy trading, make it a hobby.
Best way to handle Risk, is to FACE IT and Manage IT.
Best way to count the winning, count the no. of Osim chair that I can buy with...

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!