29 April 2009
Brokerage with low commssion
[quote="tradeforliving"]I am looking for the best brokerage to cut down my trading cost,
Find the Amfraser day trader program look very attract. they charge only 0.08% for intra day trading and 0.12% for holding overnight, the only requirement is trader need to generate at least S$600 commission per month. minimum per trade is S$10.
Those has joint this program can share your experience ?
Does any full time trader hear could recommend other broker with lower brokerage.
Thanks and Best Regard.[/quote]
Find the Amfraser day trader program look very attract. they charge only 0.08% for intra day trading and 0.12% for holding overnight, the only requirement is trader need to generate at least S$600 commission per month. minimum per trade is S$10.
Those has joint this program can share your experience ?
Does any full time trader hear could recommend other broker with lower brokerage.
Thanks and Best Regard.[/quote]
Labels: brokerage
28 April 2009
Joshing's Bull Flag Theory
I'm looking into Joshing's bull flag theory again and trying to combine trend, volume and chart pattern dimensions into it. Usually, after a strong bull flag pole forms (to be confimed by strong volumes when rising continuously for a few sessions, minimum 3 sessions), a correction or consolidation is naturally expected. Effort is then shifted to watching completion of a consolidation / correction chart pattern such as a mini double bottom pattern, buy immediately after breakout of this chart pattern. This may be more reliable than buying after breakout of a small downtrend line drawn from top of the flag pole or breakout of the high of the last downtrending candle as currently practiced by Joshing and team since this new method can significantly reduce false breakouts and thus significantly reduce stop loss operations. Joshing exposed two interesting trades recently by practising his bull flag theory, Venture and NOL trades. Venture can use the enhanced method. But NOL does not apply if just look at the daily chart but can apply if look at the hourly chart. I back tested this method to all charts of STI 30 components, and found that this method is actually very useful and efficient with clear price objectives and minimum stop loss operations. One more dimension to be considered is trend. It should be more accurate to long in a bull market and to short in a bear market using this Enhanced Joshing's Bull Flag Theory.
Labels: Stock Trading System
