Trading Strategy

1. Draw a trend line: daily chart to determine the trend whether is uptrend or downtrend (Draw from bottom to bottom or vice verse) and also a horizontal line to watch out a breakout(This strategy like reflexivity from George Soros).
2. Please do remember to lock your PROFIT before you get lose. Always follow the rule & discipline.
3. Money management is the most important for double or triple up your profit.
4. Don't get lost emotion while you in losing or winning. Must always remember where are you and what should you do in this situation. Let the profit keep running or cut lost.

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Friday, April 11, 2008

Emotional Buyin

I think alot people like to buy while RSI break 70 and MacD crossed from EMA12 to EMA26. Why?
Is it because the reading material misleading the trader?Or lost emotional control?


Why KLSE S/holder will announce once the market turned green ( RSI>70, Stoch>80,MACD>+ve).

Is it a trap?

Do you think the big funds ( EPF, PNB,GSG,etc) will buy when the RSI>70, Stoch>80?
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