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Hi Jin,
i see... if you holding weeks to months, your entry method would seem quite ok... but with such long EMA, many times by the time you get the buying signal, the uptrend may have ended or near ending... but of course it would also depend on the charts...

However, the part tat i'm not so comfortable with is the way you set the stops... using the low of one or a few days candles as triger may cause you to cut too early... might not be able to complete the trend... and if combined with your entry method, things may get a bit risky...
Plus, the method of a few days' candles may not work too well especialy with volatile market...

basically, i think some methods of trading and investing are the same... in trading, i also exit when the reason of entry is no longer there... for me, i pick stocks tat i think is on uptrend... so i will sell when the uptrend is broken... how many candles may depend on wat price i entered, not on any specific number... but then, this is only my opinion... hehe...


Regards & good luck!

RL,

Thx a lot for the reply...

From your experience, is there any suggestion or anyway to improve my entry method and at the same time reduce the risk as well?

Thx and best rgds...

hi Jin,
Erm... i will be going to KL today... will only be back after sat... wat indicator to use for entry? hmm... your indicator seems to be working ok for your holding time... but i would recommmend you reading the book "trading for a living" by Dr. Alexander Elder... read the part on triple screen... see if you can understand... but your method seems to already have some similarity... but no harm reading...
i will be posting some articles on indicators when i return and have the time... a bit busy lately... hehe...
in the mean time, you can try to assess your risk level and your prefered holding time... those tat you can suit to your life­style­... cos indicator usage can be ­base­d on your holding time...

but i do believe at the end of the day, all you need to do is to be able to identitify the trend and entry plus exit ­base­d on price and volume movements... hehe... but it takes time to understand them, in the mean time, maybe can try indicators first... :P
if you have further questions, do post them up ya... hehe...

Regards & happy learning...

btw, sometimes exit is more difficult than entry... hehe... do have a look at the methods of trailing stop ya... hehe...

Regards...

Thx RL,

Actually i did read the book by Alexander Elder, that is why the is a similarity...

Besides, i use Parabolic SAR on a daily chart as a sell stop if the counter that i'm holding is in a strong trend...

But i do face problem on how to identify trend or trading range at the right edge of the chart...

Rgds

hi

Hi, can i noe wat type of indicator u used for first order?

Thx

hi,
Erm... i only use price and volume movements or pattern to time my entry and exit... if you consider them as indicators... hehe...

Anyway, i always believe tat price and volume are the parents of indicators, so why use the children when you can talk to the parents straight? hehe.... :P


Regards & happy learning....