Systematic Approach
The following is just an example of systematic approach in trading,
| Steps | Indicators |
| Price nears | Support / Resistance |
| Price at | Low of BB / High of BB |
| Candlestick | Bullish / Bearish |
| Candlestick Pattern | Bullish / Bearish Candlestick Pattern |
| MACD | Bullish / Bearish Bias |
| Stochastic | Over Bought / Sold |
Trade Steps
| Entry upon | Completion of Candle / Bullish Indicator Signal |
| Stop Loss | Loww of Candlestick / High of Candlestick |
| Exit Price | Low of BB / High of BB |
May 29, 2015 ComfortDelGro Corp Ltd, C52
Buy when price action above Moving Average (MA), sell when price action below Moving Average (MA). Moving Averages are very powerful. Besides moving Average smooth out the Price Action, it also act as support or resistance of the market.
When the Price Action crosses above the MAs, it tends to keep going and pull backs or bounces off the MAs until PA crosses below MA.
May 29, 2015 ComfortDelGro Corp Ltd, C52.SI
No Reason to Trade
If you can not find the trend, or PA near support and resistance, then it is wise to stand aside to watch. You must find a reason to buy or sell.
Cut Lost
Don’t let the trade to become a big lost and wipe out your entire capital.
If you buy the stock and the next thing the PA goes below MA or trendline. From the chart analysis, the PA will take sometime before it will go above the MA or trendline. Suggest to cut lost.
You can see other C52 stock analysis from the past.
Thanks for visiting the website.
Moses
DISCLAIMER
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