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/
hi evel, LOL i need a mentor too and u follow me ??? for multi-timeframe analysis, this is what i do :- A) HTF (daily .. weekly) for trading set-up a) is price near a major support/resistance level (SR) b) is price near a fibo level (FL) c) is price near a major trendline (TL) d) is there a chart pattern e) high probability set-up if can get confluence of above
B) LTF for trade entry once price has reached that SR/FL/TL on HTF chart, switch to LTF chart to check price action for further confirmation eg for break of market structure etc .. ** if your LTF is 1H, u must wait for the one-hour candle to close to decide **
i don't subscribe to the idea that i have to study 1001 types of data / factors (pull .. push .. mm buy-n-sell and what-nots) ... i don't care if some say charts are manipulated (in fact everything can be twisted be it chart or accounting figures or news in the media) ... one can take into consideration ALL variables but there is simply no holy grail trading method that gives 100% win rate ... we just need to plan our trades based on our trading rules and then manage the trade accordingly ie take profit when target is met .. cut loss when trade does not go our way .. once a trade is planned, DO NOT let anyone influence our decision ! everyone has his / her expertish views but always remember IT'S YOUR MONEY ... YOUR ACCOUNTABILITY ... YOUR RESPONSIBILITY
woahhhhhhhhh ... what just happened to HSI on the short-term chart ?? LOL !! this is what the PT (professional traders) call the squeeze-n-spike effect to take out all the amateur retail players when the price moved up and broke the previous swing high but got rejected immediately thereafter :) this is how they study smart money / big boys play their game !! hmmmm interesting ...
rchi .. your hsi short nice :) me did not get to ride the strong momentum yesterday; now just gotta wait and see what happens after she hits previous swing low :( why good stuff always happens when i am out ronda-ronda ???
rchi ... may not hold but anticipate some reaction at that level and hopefully can get better price mah !!! the big boys can be bad at times .. they will let the price dip some ticks lower than previous swing low and this is when retailers start shorting ... then price will be rejected immediately and goes up thus squeezing out all the retailers cuz their stop loss will be hit ... finally price dips deeper !!! nice story ??? LOL
connie dear...there is only one thing i agree wth Trump...he said global equities r inflated due to cheap money...wat happen when big sis Yellen switch off the money tap this coming dec (highly probable)...u know i know lar...the smart money are quietly getting out now as i see it.
gem, in the share market u may listen to the views of others but u must only follow yourself .. always take note there are many types of traders with different approaches to the game (thus conflicting / clashing ideas) .. there is no right no wrong depending which approach suits u ! am following two groups of PT (to learn how they play) and each has his own unique way to trade but both are doing darn well :)
Yes connie tks. All sifus are expert in their own way. But I am now cautious too on the market.I do share rchi's view. I just sideline for the moment..or may trade very small amount.
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/