Monday, September 13, 2010

Update: PLCE


PLCE met the target, nearly 9% in 7 trading days.

7 comments:

  1. FollowTrend - Slow is Fast9:06 AM

    wow, such a dynamic move today. Congratulations!

    By the way, trying to understand more about your approach.

    Is it good for hours charts?

    I know you mainly trade on daily chart....

    thanks.

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  2. UCLATRADER6:48 PM

    in thoery, it should work, but i never traded on hourly chart. i use 5 min chart to pinpoint my entry.

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  3. FollowTrend - Slow is Fast1:50 PM

    so you search for possible break out in daily chart, and then sharp your entry point by using 5 minutes chart?

    then how to exit? using 5 minutes chart as well?

    sorry for asking too many questions. I am still digesting your method. :-)

    It is really good so far. That RDWR is really unbelievable!

    Congratulations!

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  4. UCLATRADER6:01 PM

    i use daily chart, sometimes weekly chart to exit, by looking for the resistance level. if daytrading, i will use 5 min chart.

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  5. FollowTrend - Slow is Fast8:52 AM

    you do daytrading as well? I thought you are pretty much of swing trade style.........

    I used to use 1 min chart to try daytrading, but the result is not so beautiful.....so you use 5 minutes charts, how do your daytrading so far?

    thanks.

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  6. UCLATRADER7:26 PM

    i m not a typical daytrader, i only daytrade when the profit is too good in a short time of period, like JOBS today. i run a daytrading firm in beijing and i know how hard and frustrated to trade with 1 min chart. daytrade is a tough business, much tougher than swing trading. i would say to normal traders, stay away from daytrading. tougher biz, smaller profit, why bother?

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  7. FollowTrend - Slow is Fast7:25 AM

    Very good comment. yes, I gave up 1min chart trading, now try to test if 5, 10, 15 minutes work better...lol


    But still you are right, swing trade is more stable and less noise. I am trying option strategy as well, not so good, but it is good in a trendy day.

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