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/
even if it's a bullish engulfing today, does not mean the underlying trend has changed .. perhaps on shorter term basis, the rally shall continue the next day testing 4H 20ma resistance at 1640ish !!
But Connie, I thought market always move ahead of events. People are so pessimistic now that they are already assuming the worst (interest rate hike in December, trump going nuts when he assumes office). Wouldn't the market now have already factored in all these?
vinoth .. i am a short-term trader and thus it's not my priority to predict or study like mad whether news / events have been factored in !! if one is a trend follower / long-term investor, perhaps it's important cuz he/she needs to decide whether to liquidate all positions ...
vinoth .. nothing's changed since 29/9 !! still take note of the strong downward trendline when there is a breakout from the descending triangle formation which u can see from the daily chart ... price may break UP or DOWN from this triangle so watch out closely how price progresses ... i don't look at MA crosses ! p/s - plot that major TL and then the descending TL from the triangle on your daily .. so, if price rises, u have to watch out the resistance levels from these two TL !
Sep 29, 2016 08:59 AM | Report Abuse 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 !
crystal .. based on waves count, twobits expects to see the wave B downleg to complete at 1580 region and moves up from here to process wave C upleg !!
twobits .. saw your nice inner TL from green A to B :) won't u give your TP at 1600 which is also the intersection between your inner TL and the horizontal support ??
" Posted by connie > Nov 16, 2016 10:28 AM | Report Abuse
crystal .. based on waves count, twobits expects to see the wave B downleg to complete at 1580 region and moves up from here to process wave C upleg !!"
i see i see .. LOL !!! mentor said when a level is too obvious, be extra careful :) 'THEY' will set a BEAR TRAP to squeeze out the early birds before taking off eh ??
twobits ... been looking at the hsi chart using the awesome oscillator ... came across this from jody samuels !! it's pretty awesome .. visual wise much easier to spot momentum / divergence .. great for fast trades :) u may want to check it out
crystal,let's imagine u r angmo holding msian govt bonds,how do u feel seeing the ringgit depreciate every other day? dun u want to sell n switch back to usd which is rising every other day? bear in mind angmo has usd5 billions in msian bonds,if they redeem what wud happen to ringgit,n bursa?
twobits ... klci is pretty straightforward already on daily no ??? trading in a range with strong support at 1600, if this breaks down, then we join rchi on his voyage to station 1550 then 1500 ???
rchi may I know ur average of h97? i have been buying since 525
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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/