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/
connie - I find that during the 1st wave, it is hard to have confidence to place my bets. When the 3rd wave begins, price have already moved up a lot. But waves are still useful as it tells me what position the rally is in. Waves are great. But I am trying to find some other methods to complement it.
junichiro .. me playing short-term (a day or two kinda game) also in dilemma ! by the time i see the counter, she is already in 3rd wave :( so, i need to make sure the counter is still uptrending for me to catch wave 5 .. this also means i have to polish my skill when to enter on wave 4 with the help of other indicators !
ahem lesson #2 .. if u play trend (very high probability counter is uptrending with attractive risk reward ratio), u can have a lower cut loss level (perhaps a bid below the previous low) ie giving time for the counter to maneuver around the maze to reach the peak !! if u play fifo, u CANNOT afford to have the same cut loss level (perhaps a bid below the previous high) !!! in any case, MUST have a cut loss point and once set DO NOT BOTHER who says will go up :(:(:(:( unless mr market whispers to ya ...
Posted by connie > Jun 9, 2016 04:34 PM | Report Abuse X at times i am also rather confused by duit cuz he is very sure about a counter moving UP but then he also disposes very fast ! perhaps he is a day-trader or somethin' like ah con ... it's good to have a lead or heads-up but we have to know when to enter ... when to sell based on our own trading style ?? do we trade the trend meaning we must have holding power to brace any turbulence along the journey ?? do we trade intra-day meaning we shud not take the risk when short-term charts flashing waning momentum ?? in short, we have to know what time-frame we are trading cuz if there is any mis-match it's not going to be profitable in the long run ...
Hiyaa Connie, you all more experienced and expert than me. Just that CIMB usually the MM not there to balance the price, so it can be goreng. MacQ one the MM is there. Got pro and con lor.
connie - I am trying to fit chart patterns to validate wave counts. e.g. Maybank- I got my wave counts wrong. The recent run up since Feb is actually a B wave in a double zig zag downwards. I notice in its weekly chart now - it has staged a head and shoulder pattern which typically occurs in a 5th wave. The neck line being $8.19. Should it break this support, I expect it to reach $7.71. Right now it is still holding provided Yellan does not give some bad news n Briexit turns out to be a non-event.
junichiro .. i don't use chart patterns but i depend a lot on macd as a guide !! one thing for sure, one can lose a lot of trading opportunities trying to get that perfect count .. thus, i want to simplify things just so i am not being overly cautious .. and i am getting used to this mantra 'I DON'T KNOW THE NEXT MOVE ..' just so i will stick to my stop loss no matter what :( one cannot be arrogant on bursa playground else he/she will be played out !
charlie .. sorry for the late response ! engtex cud still be in corrective waves and it's crucial the area of support between 0.99 to 1.11 holds .. the 20sma on daily is sloping downwards signalling the short-term bulls are perhaps taking a siesta .. also TA folks don't like to see 50sma crossing below 200sma which is happening now !
Posted by charlie82 > Jun 9, 2016 10:56 AM | Report Abuse connie, can please count waves on engtex for me? thanks dear
Connie, "Profit to cut loss" came to haunt me again in DRB. I am going to make Trailing Profit my most important decision from now on, nothing is going to change that.
Brother 8wpwtmt8, I can hardly spell TA, it is only my personal view and should not carry too much weight in your decision making, looks like it is heading to something like 19th April, double top formation then correction.
However with uncle Tony being the chef, he might rocket it further. Be cautious.
cwingz .. we can :- 1) use the best accounting method to compute fair value 2) use the best technical indicators to analyse price action 3) use the best psychological observation of what the market maker / baker / fryer going to do next 4) use all of the above and proclaim to be creme de la creme end of the day, we shud still remind ourselves just two words 'DON'T KNOW' .. with this, we will definitely be more mindful of our stop loss / trailing stop :) Happy Sunday !!!
rchi, the FED may not raise interest in the next meeting. Do you think it will reverse the downtrend of our CI? Pretty much the only good news we will have
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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/