Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
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http://chrissyconn.blogspot.com/
8th wave completed at 34.81 last nite :):) so next move is down ... CANNOT stop at 8th wave one ah :(:(:(:(:( then not ew theory .. VIOLATE VIOLATE VIOLATE
crude is now on an impulse WAVE 5 which consists of 5-waves sequence :-
1) i of 5 = 50.91 to 42.58 = 8.33 2) ii of 5 = 42.58 to 48.36 3) iii of 5 = 48.36 to 26.19 = 22.17 (which is about 2.62 of wave i) 4) we are NOW at iv of 5 and so from 26.19 to ????? i use the great fibonacci ratios to work out the TPs for this wave iv rally :- 38F = 34.66 (last nite hit 34.81 and pulled back) 50F = 37.28 62F = 39.89
conclusion - i will stick to the above TPs for wave iv of 5 and after which it's gonna be wave v of 5 downleg ... HOWEVER, if iv enters i territory which is 42.58 then my wave count is NOT valid
Hi, duit. I tried to seek your opinion this morning but u didn't see my post. Anyway instinct told me I need to fill up my fuel tank early morning.
Jan 29, 2016 07:39 AM | Report Abuse
Hi, duit. How r u? When prices r insanely expensive or insanely cheap ppl will step in to interfere supply & demand mechanism, rite. Sometime we can't b too stubborn & stick to fundamental. Must open up out mind.
hi oregami ... we can use length of i of wave 5 to gauge the TP for the last downleg ... so, the projected TPs are :- 38F = 34.66 - 8.33 = 26.33 50F = 37.28 - 8.33 = 28.95 62F = 39.89 - 8.33 = 31.56
** if last nite 34.81 is the peak, then tp = 34.81 - 8.33 = 26.48
You're right... Whenever there is opportunity opportunist will step in to take advantage.
Yes. Stick too much to fundamental will make us loss opportunity yo trade. However, follow fundamental will have better risk management. If every time follow the so called FUNDAMENTAL also cant spot the trend then I will say to review the fundamental parameters may be the PARENTO analysis ad give away.......................
Not easy to open mind (to listen to contrarian) as it involve our hard earned money.................
my idea only.... I could be totally wrong
Jan 29, 2016 07:39 AM | Report Abuse
Hi, duit. How r u? When prices r insanely expensive or insanely cheap ppl will step in to interfere supply & demand mechanism, rite. Sometime we can't b too stubborn & stick to fundamental. Must open up out mind.
It is BEST GILA enough if oil uptrend from ~34.66 to 37/39.89 from March to July.
I think too fancy to discuss about 42.58 if NO WAR/NO CLIMATE/NO Kecoh/NO you EAT Me I EAT you/NO oil found in KL town until end of October.......
ANother point, after April if oil can sustain on above USD35 then it is NO WAY to see last down leg to USD22 or recent low at USD26.XX..... *****Unless suddenly US announce tambah 150 shale oil rigs within 6 months.
What is OIL,
O-Orang ramai ramai I-Ingat harga akan rendah L-Letih tunggu mana tau harga terus naik balik
Posted by connie > Jan 29, 2016 01:17 PM | Report Abuse
crude is now on an impulse WAVE 5 which consists of 5-waves sequence :-
1) i of 5 = 50.91 to 42.58 = 8.33 2) ii of 5 = 42.58 to 48.36 3) iii of 5 = 48.36 to 26.19 = 22.17 (which is about 2.62 of wave i) 4) we are NOW at iv of 5 and so from 26.19 to ????? i use the great fibonacci ratios to work out the TPs for this wave iv rally :- 38F = 34.66 (last nite hit 34.81 and pulled back) 50F = 37.28 62F = 39.89
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/