Trading systems/methods guidance | Aussie Stock Forums

Not sure just where the best place to post this is so am posting it here please let me know if you think there is a better place.

Ok so I have been studying trading and technical analysis for a year now ( I originally studied Daryl Guppy about 8 years ago but didn’t do anything with the knowledge ) I completed the Guppy basic course on technical analysis.

I am confident in the basics of drawing trend lines etc. I am familiar with many of the indicators Guppy uses but I am struggling to put this all together into a useable method to trade.

Note I use Metastock V18.

I have based all my education to date on Guppy but he just does not get clear enough for me on the steps maybe I am asking too much. I was hoping for a series of steps exactly as below.

1/Stock Selection/Scanning
I was hoping from all the Guppy traing I would have by now a nice list of some explorer scans I could run (he rarely gives the Metastock code which is also a problem as being new writing code for an exploration or indicator isn’t straight forward unless you are given exactly what you need to enter where.)
2/After eyeballing the charts to select stocks that may have opportunity you then have a reduced shortlist.
3/Then I was hoping to have a series of indicators you can apply to identify if any of the short-listed stocks appear to provide a trading opportunity.
4/You now have a list of stocks some of which may represent trading opportunities now or some that may be a wait and watch or as often may be the case nothing at all.. which is fine
5/When you have an identified trading opportunity identify the rules for the trade (entry exit rules , capital preservation etc)and set a buy order.

This would be something along with monitoring my portfolio I do on a daily basis.

As above I struggle with 1 and 3 and its the lack of these indicators and explorer formulas I guess which is holding me back.

I am at a loss what might be my next steps I am not stuck on Guppys methods and I dont want to start trading until I really feel confident in my process.

Is there a better system/process or some further education someone could point me too.

Many thanks in advance for all suggestions.

 

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