Trading Rules

NO TRADING
1. No trading when STI is going to go downtrend.
2. Concentration is poor.
3. No time to monitor for the next few days

NO BUYING
1. When testing out new idea.


BUY only WHEN
1. Hit support
2. Shakedown in low volume (contra)
3. Shakedown in high volume when going into previous old trading area (contra)
4. ADX below 30
5. RSI / Stoc divergence

SELL when
1. Extreme high volume buying in same day
2. MFI hit above 80%
3. RSI / Stoc divergence
4. Unsure of direction
5. No movement at T+5

TRADING PERIOD
9.00 - 10.00am for Shakeout /Upthrust play
4.00 - 5.00pm for Breakout play

TRADING WATCHLIST
Max 10 at a time

ENTERING TRADE
Max 4 at a time (due to POEMS chart limitation)