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 bonarda, if u want to get the bigger pic, u may look at weekly which gives u a clear swing high and low !! based on weekly development, we can say it's 4th wave UNLESS peak at 21661 (wave 1) is violated based on ew rules
hi yfchong, take note the two candles around 30/8 and 1/9 .. some call it manipulation .. some call it a BEAR TRAP .. candle on 30/8 broke major support but the next day a bullish candle at sight :) price moving up nicely thereafter with very clear three swings so far .. when will the current 3rd swing stop ?? u have to monitor closely the price action now .. beware of double-top if she can't break 1.45 (watch out any divergence on momentum indicator as well) !! or next scenario is she breaks 1.45 and will challenge the next resistance at 1.51 to complete the 3rd swing ... p/s - think we have to be rather careful with the recent export play due to exchange rate spike ??? hmmmm
wah .. yfchong, then musical chair shall continue for hevea ??? :)
Posted by rchi > Nov 14, 2016 04:39 PM | Report Abuse dollar index close to breaking 100..an expert i trust said it will goto 120....so ringgit will drop to 5 to 1 usd ? :(
Ah Conn, Ah Duit, Rchi, and many many more in this Tread...
OOOh,! we have interesting Trump's Tsunami after the Brexit hurricanes , The world of Trading is both exhilarating and Challenging indeed... hihihi...
Ah conn, and Ah Duit, and every one here must be doing fine , ... and I hope Malaysian Ringgit will not break the 5.00 and KLCI not below 1500..., as oil may retest the 35 soonest......
Ah conn, I see less EW discussion nowadays , hope it can be revitalised soon..
I am here on a short break to visit my aged parents,.. will be here again in Mid December for my Christmas vacations.,
Here is what Fung Shi for 2017 says about stock mart :- yin fire year often boost peoples confidence about the economy bringing good performance to the stock market. Particularly during the spring and summer seasons when the wood and fire seasonal element will make the candle burn very bright and such illusory fire will drive up the stock market sky high. However, once the seasonal support of wood and fire expires in around August onward, there will be dramatic downturn as the illusive candle flame is dying. Hence for people play in shares and stock market have to prepare for big disappointment in the second half of the year. Such phenomenon of crazy market in first half year and collapse in autumn happened in many previous yin fire years before, such as 1987, 1997, 2007.. The bearish market may commence from around August 2017 and this time the impact can be long lasting as there will not be any support to fire element between 2018 to 2022.
1st half of 2017 probably a honeymoon period 2nd half onwards probably a bear market 2018 - 2022 probably a sideways market Not necessarily true - just for the fun of it
good morning yong .. great to see ya ! thanks so much for sharing those articles .. ew eh ?? i find them very hard to trade on short-term basis ... they are more suitable for trend followers who trade the higher time frame with a wider stop loss referencing to ew rules ... for swing trades or intra-day trades esp; i need clear rules to enter n exit without much ambiguities ... ps drop in more often to give us some clues which direction we shud go on a macro basis :)
hi bonarda, if u want to get the bigger pic, u may look at weekly which gives u a clear swing high and low !! based on weekly development, we can say it's 4th wave UNLESS peak at 21661 (wave 1) is violated based on ew rules
vinoth .. the EW advocates look at the BIG picture and study the waves to determine the trend .. the macro gurus look at the BIG picture and study the fundamentals to determine the trend .. one day of rally is rather insignificant to what they see on bigger scheme of things rite ??
Does today's candlestick look like bullish engulfing?
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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/