My Trading System (II)

KLCI plunged another 14 points today due to Dow Jones down on last Friday.

Today Inix never touch 0.12. So there is no trade today.

New Trade: Cocoaland current price ~ 0.855
Buy order: 0.685
Sell order: 0.730

We will see the result tomorrow.

Happy trading!

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My Trading System (II)

Yesterday we already put the Buy and Sell order for SCN as below:

Buy: 0.555
Sell: 0.620

But the actual range for today is 0.555 to 0.605. If you leave this without monitor you will lose your money because sell order didn't trigger and the price went back to lower BB.

But if you put sell order at 0.605 you will take profit RM0.05. Let's do some calculation.

Wednesday lower BB: 0.680
15% < BB: 0.580
Higher range today: 0.605 ;
0.680 - 0.605/0.680 x 100% = 11%

This is only for forward testing. We'll collect all the result for building a new trading system.

Today New Counter to test:

Inix current price close: 0.150
20% (new rules to adjust from 15%) x lower BB (0.155) = 0.031
Price to enter: 0.12
Sell order: 7% profit taking at ~ 0.13

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My Trading System (II)

This is my new trading system that I will implement during market sell off or any counter itself. Both technical indicator BB and RSI has its own characteristic especially when to measure overbought or oversold condition. The system still in test mode which still do not prove successful trade. At the moment I will put some selected counter that meet my criteria as follow:

Bollinger Band: lower than 15% from the lower band
RSI: oversold area around 20 / rsi support or trendline

Today paper trade No.1: (Please check the price chart at your own since my chart not available)

Buy SCN at RM0.555 ( price > 15% from the lower BB)
Profit taking or sold near the new (today) bollinger band at RM0.620 - parking

Start from tomorrow I'll try to post the result and the new paper trade.

Happy learning and happy trading!

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