Trading Setup

I still believe that, as a trader, always have a configuration of bargaining Nice suits our lifestyle (time, commitment, etc.) rather than the reverse. More importantly, the operator should feel as comfortable as possible using the configuration of trading they have chosen / created. More importantly, everything in the installer should make sense. Each bit and pieces of the whole thing must feel ..... right and comfortable.

I am a guy who stays outside the States, actually in Malaysia (12 hours difference), and have a normal 8-5 working days, and thus trading day was out of question for me. I tried some other time for negotiation, but again, I find myself more comfortable with the swing trade, and therefore, is what I came up with.

Overview

I prefer to play on something that has a greater probability of success. What I am looking here is to find an upward trend in stocks continues downward trend / and enter the trade in a short recoil / discharge, with an acceptable risk / reward ratio. For still doing my winning more likely, I will only trade LONG, during, and only when the overall market is up in a stadium trend continues. vice versa.

Rules

These are the rules I came up with, to filter the stocks that I could be, but need not be negotiated. (Note: All rules below are mainly for long trades. Short trades are the exact opposite thereof). The following are the few definitions of these statements, I said in the preview.

1. Continue Uptrending stock
- 30mA above 10MA, 30MA 50MA above
- 30MA and 50MA is pointing upwards.

2. brief dip
- 5 days Wm% R is less than -70, showing signs of oversold short.

3. Acceptable Risk / Reward
- Anything that exceeds a 1:2 ratio is acceptable to me.

Trade Management

1. Place an immediate halt lost once the trade is on, on the basis of the previous swing-low

2. Once the key trade 1 R, immediately sell half the position, and the trail of the remaining 1 / 2 to break even.

3. Leave the rest. Most of the time, I prefer 1R leakage below at the end reached a new R. But if, sometimes, there is a sell signal, I could just sell.

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