Monday, October 6, 2008
Tuesday, September 2, 2008
Metastock Professional Tips & Tricks
If you are interested to learn more about programming trading systems using Metastock software, this is the site to go to.
The site owner is David Jenyns, who is a professional trader, author and coach, residing in Australia.
http://www.meta-formula.com/
You can subscribe to the free newsletter to keep yourself updated.
The site owner is David Jenyns, who is a professional trader, author and coach, residing in Australia.
http://www.meta-formula.com/
You can subscribe to the free newsletter to keep yourself updated.
Friday, July 18, 2008
SR Position and Swing Trading System
On 29 & 30 March 2008, I attended the Super Rally (SR) system course conducted by Mr CK Ee of AsiaCharts.
The SR position and swing trading system is based on using Metastock with expert advisors and indicators to screen for breakout and reversal stocks in Singapore market.
I feel that this SR system, esp the swing trading part, can complement T3B system together, to capture the moves along uptrends and downtrends.
In addition, AsiaCharts also have a Traders Hub for students to gather together and do day trading. Their after-course support is quite good, especially the 2 ladies, Lee Peng and Serene, who have been extremely helpful and patient with all the students.
Last but not least, CK himself is friendly, approachable and willing to share his trading experience and knowledge.
The SR position and swing trading system is based on using Metastock with expert advisors and indicators to screen for breakout and reversal stocks in Singapore market.
I feel that this SR system, esp the swing trading part, can complement T3B system together, to capture the moves along uptrends and downtrends.
In addition, AsiaCharts also have a Traders Hub for students to gather together and do day trading. Their after-course support is quite good, especially the 2 ladies, Lee Peng and Serene, who have been extremely helpful and patient with all the students.
Last but not least, CK himself is friendly, approachable and willing to share his trading experience and knowledge.
Update on T3B Trader
It has been a while since i started using T3B system to trade.
In theory, the strategies seems so simple and easy to apply. I did paper trading for over a month and profited from 6 winning trades and 4 losing trades.
But in reality, it is not so simple. Furthermore, the volatile market condition was also an important contributing factor.
I had 5 winning trades and 2 losing trades, but overall, i still end up negative, cos the stop loss of 1 loser wiped out all the small gains of the 5 winners.
Thus, in my opinion, T3B system is good for trending market but not sideways.
Nevertheless, I will be patient and wait for the trend to come, up or down.
The trend is my friend, until it bends.
In theory, the strategies seems so simple and easy to apply. I did paper trading for over a month and profited from 6 winning trades and 4 losing trades.
But in reality, it is not so simple. Furthermore, the volatile market condition was also an important contributing factor.
I had 5 winning trades and 2 losing trades, but overall, i still end up negative, cos the stop loss of 1 loser wiped out all the small gains of the 5 winners.
Thus, in my opinion, T3B system is good for trending market but not sideways.
Nevertheless, I will be patient and wait for the trend to come, up or down.
The trend is my friend, until it bends.
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