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/
hawk ... will hsi pull back to 23665 today :) but i guess there shud be some reaction at around 23720 (smallish demand zone .. also the 20sma support at 5H) unless the downward momentum is unstoppable now !
Posted by skyhawk > Oct 5, 2016 03:09 PM | Report Abuse connie, hsif hv penetrated 4 times above the upper trendline n hitting 23828 twice.....and it is now unfolding the minor pullback towards 23665 b4 shooting up higher....
Hsif....hv ardy pullback to 23696.90 on the 5/10 n unfolding the expected uptrend to the high at 24004.It is now in minor pullback towards 23797 b4 to continue its north bound journey....
Posted by connie > Oct 7, 2016 02:37 PM | Report Abuse
hawk ... will hsi pull back to 23665 today :) but i guess there shud be some reaction at around 23720 (smallish demand zone .. also the 20sma support at 5H) unless the downward momentum is unstoppable now ! ,
btw hawk, price action is much easier than waves methodology !! there is no ambiguity reading price actions ... the rules are much simpler to follow :):)
Once the contracting triangle is completed.....the next wave is the unfolding uptrend. In normal TA.....this is known as flag formations. For the tp....u will sure know how to measure it :):):)
Posted by connie > Oct 7, 2016 03:58 PM | Report Abuse
oh hawk .. i am not doubting your expected uptrend !! i was just playing the reversal trade on 1H chart :)
hawk .. longer term trend all still healthy (ie my filter is 20sma .. so long as price is above this can't say the trend is going to reverse on daily) ... as u said, once the flag formation is done, the underlying trend shall continue :) however, on 1H there was a great short-term reversal play set-up !! a bb spike that got rejected immediately and the bears seem stronger after this rejection .. as the downward spiral is pretty strong now, i can see that 10ma is resisting the upward movement .. so long as she can't get pass 20sma on 1H, there may be further adjustment .. we may even get a H&S pattern on 1H if 20sma manages to barricade ! so, let's have popcorn and watch the show :):)
same principle as i monitor your masteel .. did not chase yesterday cuz i want to see how the price reacts once she touches 20ma on 1H !!! was expecting her to close way above and then retest the 20ma before heading north again ... futile attempt ... barely hovering around 20sma and reversing today ... will monitor again if previous swing low manages to hold or not !! are u still holding this counter for your impulsive wave ?? thanks
evelllllllll :):) painstakingly study how the professional traders play !!! i really dislike it when they say 'hmmmm only amateurs will take such trade blah blah blah' ... i hope to be like them ONE fine day ... not giving up hope :) i will study 24/7 !!
hellooooooooo 'don't-know-how-to-pronounce-your-name'.. promise me ????? my most fav dedication from duit :):):) thanks so much .. u too have a nice weekend !!!
wah hawk .. u asked to buy masteel on 28/9 and u sold on the same day without informing :(:(:(:( don't want fren u for ONE day :):):):)
Posted by skyhawk > Oct 7, 2016 04:58 PM | Report Abuse connie, hv taken profits on 28/9 :):):)
Posted by skyhawk > Sep 28, 2016 12:24 PM | Report Abuse Good afternoon connie n all members..... Masteel is still on the impulsive 3 ( a nice cup n handle formation ) with a tp at 1.11. More higher high is to be expected :):):)
I went in bcos of d cup n handle but then in d day the japanese guy tell me a different story...jst got a small profit ( roti telor with teh tarik) only :(:(
Noted hawk tq Connie ... do la one tutorial step by step.u see yearly or terus daily on the chart before going on the lower tf...sma to confirm trend then fibo? Err ...
oh man hawk .. if i did not clear hsif i wud have been stopped out also cuz price went above 20sma before another 3 bearish candles (doji sandwiched in between two big red candles) on m60 unless i fixed my SL a few ticks above the high (23919) of the candle on 10/7/16 9:00 !!! anyways it's not safe to hold due to (1) tgif (2) nfp report ...
hello evel .. am sure u are able to find a good mentor !!! spend more time to look for him / her ... before u do that ask yourself 'what type of trading suits me' cuz there are 1001 trading strategies ... then search high n low for a mentor who excels at the trading strategy that u are in favor of !!! there are some who post their weekly pick and after that analyse the result of each of their picks :) it's amazing to see how disciplined and consistent their trading approaches are .. they do the same thing again and again every day !!
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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/