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/
Ok connie.tqvm.will put more n more emphasis on this ma20. I ploteed yr awesome oscillator on fgv daily...the lower is red wt a wider gap.dono wat it means yet .will have to watch a stock in action wt this oscillator till i get that 'aha' moment.u have a great weekend!!!
evel .. AO is actually the crossover between two ma ie the 5 and 34 !! if above zero means 5ma > 34ma (short-term bullish) and below zero means 5ma < 34ma (short-term bearish) .. there are guidelines how to use this indicator to buy n sell but for me i use it for two purposes only (1) divergence and (2) momentum (long bars mean momentum is strong !) since u are very familiar with drb chart, i explain how and why i took the trade the other day to ride the short rally with AO :- 1) daily - 50F retracement at an SR level / broke head & shoulder pattern neckline and normally there will be a retest of the neckline 2) 4H - AO showing +D 3) 1H - AO showing multiple +Ds (yayyyyy) so i tot no need invitation card already with above confluence factors .. trade plan - buy 1.19 /cut 1.15 / TP 1.32ish (daily 20ma DR / H&S neckline) - GREAT RR yes ??? unfortunately, she only managed 1.28 :(:(
hi stevechung, hope u are reading this but if u want to take it privately ps let me know .. appreciate it greatly ! 1) hsif weekly n daily - since we are interested in day-trading, we can just have a glimpse of these charts to see where the big pic is heading to .. if i were trading these two charts for med-term, i wud not long first cuz there is not enuf confluence of factors .. i wud rather wait for the chart to tell me 'hey i am moving upwards now .. u decide if u want to ride my up-momentum right away (a momentum trade) or wait for me to retrace and buy at pullback (a swing trade)' .. i think it's not a good idea to keep on averaging down cuz it can take a toll on my capital plus the emotional stress is unbearable .. price has now retraced to 50F which is a good level to expect some reboound or even trend reversal but what if mr market says 'okay let me play with ya, i go up a little to boost your ego that u feel me correctly and then i continue to slide to 62F before taking off the opposite direction ?' :) i have learnt to respect mr market cuz he does not give two hoots what i think or feel :) and i strongly believe the cliche' be greedy when others are fearful' only applies to long-term FA investors cuz traders are merely playing probability game ! 2) so, let's have a look at 15m and 1m charts for day-traders :- a) 15m pattern is ranging - bouncing between 22114 and 22360 a variance of 246 b) so, we expect the 1m to follow this range with the ABC waves repeating again and again c) for range trading strategy, buy is at bottom and sell is at top of range yes ?? d) so, i have decided to monitor this range on the 1m and day-trade accordingly with further confirmation from candlestick reversal pattern and oscillator divergence e) however, if a buy / sell signal comes too late i will not do anything cuz most of the time waves take some time to develop and not V-shape ! 3) may i ask, which put and call warrants u are trading at the moment taking into account the small variance of 246 ? or u actually don't even bother day-trading now in view of this smallish range ? :) 4) do u look at hsi cash / futures to day-trade ?
connie,why waste time on hsi when many ctrs benefitting frm weak ringgit are starting their bullish move? :)
in trading,we aim the highest % gain in the shortest time.....we take the opportunity cost of time seriously....unlike some fa ah peks who can wait n wait for years...yawnnnnnnn.
Conniejie and rchikor. Many counters lor :D (this pass 2 weeks was very good for me)
I really don't really know this hsi animal so everytime I look at you guys sometimes I also cemburu. hehehe.. but I find by learning how it behave but not trading it does help me understand more market movement :D I am noob.
Rchi kor. j bb huat!! I am ikan bilis la..aiyor follow MM only..MM make big drop..sometimes we see we dont buy feel bad for MM.. ride wave with them lor.
morning rchi :) congrats on j bb !! QR will be out this week .. is this of any concern ?? have decided to skip evergreen cuz QR also just around the corner .. don't want any surprises
hmm hsif hit another resistance level 22484 (immediately with a -D on AO) with a double-top on 1m now !!! with a new level hit, let's see how they play the game first :)
bonarda, on higher time frame until and unless price goes above 20ma on daily, i don't want to feel so bull yet .. and i also don't want to believe that there is a wave 5 upleg as yet on daily until and unless price does not go below 21660 !! of course, all these are purely technical observation .. some wud apply what they know fundamentally to anticipate / predict !
expecting good qr and export themela. odds and statistic told me it is obviously middle of USD theme. so i am moving out some to ready for next play :D.. not greedy. Chinaman coming soon maybe.
emmm. one obvious one is terbalik USD theme..ringgit to stablise..watch USD debt oversold counter..I think will be good TA play but depends how bad the selldown.. rchi kor very good at the timing. I want to wait for him to call :D
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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/