What went wrong ?
1. Fatigue
2. Too many trades
3. K% not accuracy
4. Charts too slow
Solutions:
1. Few points can kill me, but though K% telly with index but there is whipsaw along the way, I can’t handle the small fluctuation ? Make money from fluctuation ?
My tools:
1. K% - Stochastics
2. K Line – Candlesticks
My theory:
1. Wave theory
2. Spot the overreaction/extreme
3. Trend follower
Limitations:
1. Aust cannot trade down b4 after HK mkt
Views:
1 Chart is static I am Dynamic
Cautions:
1. Oversold Not = 100% rebound
2. Overbought Not = 100% falling
My mistakes:
1. Bet against the trends, when uptrends/downtrends, I bet aganst and add bet trying to recover from losses.
Questions:
1. How to survive unpredictability ?
Questions to Uncle Lim:
1. How to earn $500 and lose $50 every trade
2. Why the stochastic is telly with the index yet I lost money?
3.
Range Bound
How to trade ?
When to close
Time
UK 3pm t o1130pm
US
HK
Forex
Index
1. 13555 strategy
2. Use 2 MA & *MA
3. Use Stochastice K%
4. Use K Chart Canclesticks
5. Trade only US30
No long term strategy
Stock
Dow Jone 11800
12000
0.1% = 12 10
0.2% = 24 20
0.4% = 48 50
1% = 120 100
2% = 240
3% = 360
1 contract 10
Set up a Stop Loss Level play mid term
5 days.
Monday, December 26, 2011
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