High Probability Trade Entry when Daily and Weekly Chart in-Sync

 

Scalping Practices using two minutes chart with 100K USD Virtual Money

 

 

 

Trying out on scalping trades using the same method used in successful swing trading for profits.

Using 2 minutes chart with Tradingview software to test on the high probability entry at turning points.

Practices make perfect. 

Using Simple Moving Averages to trade the way to Profits #2

 

Using Simple Moving Averages to trade the way to Profits #1

 

Simple Strategy to buy Stocks at Turning Point Without Failing..

 

 1) Setup Tradingview.com charting.

2) Add moving average line 5, 20 and 100SMA on the price chart (candlestick bar)

3) Add volume with 20days volume average line

4) Add Stochastics Oscillator with 12,3,3 settings.

5) Split the layout into Daily and Weekly chart.

6) Look out for Stochastics Oscillator bottoming out from 20 level from the Daily and 

Weekly charts during the same period.

7) This could be the lowest point from the charts at this period, therefore I will take a 

trade to ride the trend recovery.

Good Luck!

How I read a retracement and trade along the direction of trend?

 

Potential Bottom Fishing with Less Risk#6 - Yoma Stategic Holdings

 

What is my low risk trading strategy that helps me to keep profitable consistently?

What is meant by my low risk trading?   

Buy at a level, cutloss within 2 to 5cts.... when price went higher, e.g. 10ct to 20cts away, add more lots if u see the trend continues to go up... in this way, u will not lose any money soon, even if the price starts to fall, u will still able to exit with the some profits or breakeven before you have bought some lots at lower price...... 

So where is my initial risk?

Only happen when i enter a new trade....... i need to prepare to cutloss if wrong.... if it continues to move higher, i will continue to double the lot size as it trends higher..... doing so, my average per share is much lower than the market price.... any retracement will not hurt me....

But do I sell 100% when it is time to do so... if possible, keep 20% shares in the market... so that in the next rising market, u already have some lots which bought cheaper and continue the process of adding more lots to the new cycle... as such.. the risks are little.... this is how i work on the market.....risks is always main concern when come to trading...take care the risks, profits will take care itself...

Potential Bottom Fishing with Less Risk#5

 

How I consistently able to buy the LOW and sell the High with clear vivid price and volume action?

It's take trained eye and guts to take such trade after a massive sell-off..

Risk is usually low as the price has fallen sharply and started to consolidate..

Best place to have high returns and low risk with calculated cutloss near to the entry price.

Cheers.

Common Fear and Greed of Novices

 

Potential Bottom Fishing with Less Risk#4