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/
vinoth, there is a very strong downtrend line resisting the upward movement of connect ... have a look at daily chart and connect all the high peaks from 2/7/15 onwards and u will see the trendline ! so, watch out this important line ... meantime, there is a support zone between 0.11 and 0.105 .. u have to watch out the price actions (look for candlestick reversal pattern if any) in this zone .. two possible scenarios; if support holds she may go up to retest the trendline or otherwise, dip further !
skyjet ... can buy already ah ??? i think u may want to pullout the 60min chart to see more clearly the price actions ... if price does not go above 20ma, monitor first ... meantime, saw masteel n cscstel are testing the 10ema barrier ... next dynamic resistance to be tested is 20ma !!!
imoogi .. i look for trade setup on daily (eg pulling back to SR level / trendline / ma / fibo - bested still if can get confluence of at least 3 !!) and then i go to m60 for a clearer market structure development esp when a counter looks toppish on daily ... eg if m60 showing lower high and lower low, then gotta be alert for perhaps (1) a deeper dip before trend CONTINUATION or (2) onset of a trend REVERSAL !
blacksails ... cud be the C of a double zigzag pattern !!! think not long ago juni and me worked out the tp for this 2nd C :) very strong downtrend as shown by 10ema / 20ma acting as resistance on daily :(
Posted by Blacksails > Sep 29, 2016 02:46 AM | Report Abuse SkyHawk n connie, what wave is Maybank now?
Looking at the 5 yr chart......it is in a killer downtrending wave, way below ema200. Above it is consider bullish....below it is bearish. In this case, v bearish :(:(:(
mkt looks bad,Germany Deutsche Bank in serious trouble,may drag global banks down...if anyone cannot take the volatility,advised to cut loss n sideline.
oh rchi dear .. thanks for the alert !!! since market no good just chillax then ... am following a group of forex traders ... all of them having the same strategy - REVERSAL trading :) so cool ! which hk putties u are looking at ? i kinda like hsi chart now ..
rchi ... do we buy now or do we wait for her to break the SR level at around 23148 ??? a good bearish candle closing below 20ma on 5H chart (1st time after the strong uptrend which is good) ...
sorry not the 5H but the daily which is even more convincing :)
Posted by connie > Sep 30, 2016 04:27 PM | Report Abuse X rchi ... do we buy now or do we wait for her to break the SR level at around 23148 ??? a good bearish candle closing below 20ma on 5H chart (1st time after the strong uptrend which is good) ...
Connie, Hsif chart pattern look more like a abcde triangle formation. Bear trap set up by sub wave e on piercing thru the support line today. Expect to trend up thereafter for intermediate corrective w4 continuation for time extension, just to satisfy the time frame requirement for intermediate wave.
USA DOJ fine....approx USD 5.4 to USD14.0 bil (for 2016)
Total Equity : ONLY Euro 67 bil
No doubts will be squeezed for cash.Currently in process of disposing several companies to raise cash. Will no doubt raise fresh capital by rights issue.
The ultimate question "what does the hedge funds that are still heavily shorting deutsche bank know that the ordinary retailer does not?why is deutsche bank at multi yr low?"
Situ Skyhawk, plis advise what's your take on the expected complete w4 pattern. Continuation of contracting triangle, odd combo or else. Still learning Ew. Thanks
kheng .. oh yea i shud be looking at hsif chart !! will wait for the upper / lower trendline to break ... can't use MA for this chart cuz the price is consolidating .. thanks so much kheng :) ** based on waves, this sub4 can also be A up B down and now processing d of C triangle .. so, d will hit the upper line and get rejected .. then will dip to unfold e which will be supported by the lower line .. so, guess it's safer to wait patiently for the trendline to break either UP or DOWN before considering any entry ?? interesting to see if this is the pattern !
Posted by Kheng > Oct 1, 2016 08:02 AM | Report Abuse Connie, Hsif chart pattern look more like a abcde triangle formation. Bear trap set up by sub wave e on piercing thru the support line today. Expect to trend up thereafter for intermediate corrective w4 continuation for time extension, just to satisfy the time frame requirement for intermediate wave.
rchi .. thanks for all the juicy scandals involving DB !
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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/