Hang Seng index entry signal dated 9 Jan 2017

Hang Seng index had display sign of weakness on the chart. Doji star candle.

Only SHORT SELL UPON CONFIRMATION when the price hit the lowest point of the candle.

At any point the price hit the highest point of the candle, the trade will be negate.

Trade with well plan risk management.

Up Dated on 10/1/17

The entry signal had been negated due the highest price of the entry signal had been hit.

Once the entry negated. Have patience to wait for another entry signal.

Trailing Stop

The purpose of the trailing stop is to protect your current profit or prevent any further loss if the trade turn against you.

It will follow the latest candle price. For an example, a daily trader holding a long buy position.

The stop loss price will be one bid below the lowest price of the latest daily candle minus the spread.

If the lowest price of the latest candle is 2954.

The spread is 3.

The stop loss price will be 2954-3-1 bid = 2950

You must have the discipline to adjust the stop loss price daily from the day of your entry.

Trailing stop to reap as much profit as possible.

Have the patience and the discipline to follow the rules of the game.

Taking profit too early may result in unable to cover your pass losses.

Hello everyone. I am new to blogging. Thanks for coming to my blog. I am going to provide trading entry signals to major index in the market. Currently there's no entry yet.
I am trailing on Singapore STI index. The entry signal was generated on 23 Dec 2016. Had generated some profit now and protect my profit with stop loss. Please stay tune for future entry signal. Thanks

UPDATED 10/1/17

Trailing stop on STI index. Current profit as per today.

Have patience to reap as much profit as possible.