Take on a small test trade on 12th Feb 2019 with the following setup above.
Will update how its go....
Catch up again in the next update.....
Happy Profitable Trading 2019....
Activity Log:
12th February - Buy Order executed...in this trade now...let's see how its goes....
Base on below weekly chart, look like turning north soon.....
Let's see if this forth trade can be profitable as the rest of the past 3 trades....
26th February - shares price up $0.22 cents per share from entry price. Refer to the chart below.
There is still room to move higher in coming days.
04th March - shares price up $0.49 cents per share from entry price. Where is the possible supply area?
just be patience and there will be tell-tale sign of professionals unwinding their holdings through price and volume action.
For now, there is still upward momentum which may propel price towards $1.85 level . Nevertheless, let the market action tells us what to do next.....
Patience, patience and patience..
08th March - update
11th March - Morning update
11th March EOD - update
As price is moving higher with greater volatility, it is best to setup Real-time Alert System that let you know that the particular stock has reached the level for cutloss or take profits level base on your analysis.
This will allow you to continue with your normal daily routine so that when it is time to be aware, then you will need
to be alerted to the trigger level pre-configured below. Trade smart with a complete trading system that allows you to do the following tasks
1) Run stock scanner to choose the top 5 stocks each day for trading opportunity.
2) Setup alert level to notify you when the share price has triggered cut loss or take profits level.
3) Keep proper profits and loss trading book using simple MS Excel worksheet
4) Repeat step 1 to 3 after you have sold this stock.. Always look out for new opportunity to trade.
If there is no reason to trade, don't force a trade, you will not be happy breaking your trading rules. Trade only when there is a setup in place and you just can't take your eye away from the chart... Test your analysis on a small lot size for a start. As the price moves higher, continue to add lots as the price is advancing higher and higher.
Don't rush to trade, the market will still be there when I am gone. Take my time and systematic approach to stock selection.
Happy Profitable Trading!
12th March - updated chart EOD
As shown on 11th March, the trading system triggered "Professionals Distribution" yesterday and
indeed today we witnessed strong pull-back towards day's low of $1.73 before closing the day at $1.75.There are still sellers out there, inorder for the price to move higher, sellers have to be absorbed.
For the next trading sessions, stay sideline and watch how the chart will evolve.
Sold some lots at $1.80 in the morning.
21st March - updated chart EOD
26th March - updated chart EOD
28th March - updated chart EOD
