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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Saturday, December 27, 2008

Support and Resistence( Uptrend, sidetrend, downtrend)



Base from the chart we can see that the uptrend, sidetrend and downtrend.
Ok. base from these trend we can see the resistence and support. actually what use? this a confident level for the trader and invester.

For practically, please train yourself for drawing the trendline.
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