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/
jact .. i look at 1H to get some context eg how many waves are done ?? have the 5-waves been completed if it's impulsive ?? is there divergence on the last push ?? then i look at m15 to look at how the subwaves of those on 1H chart developing ... is price above MA ? and lastly m5 is my trading time frame !! i think fairplayer looks at m1 chart but it's not suitable for me as i am looking at patterns / structure to form ... i find there are too many false signals on m1 :( it really depends on the strategy u want to employ ... say if u trade based on news, perhaps a different approach is required ie u cannot afford to wait for structure to develop aka confirmation !! trading with / without confirmation has pro n con ... eg pro - (1) u trade with better confidence as there are confluence of factors (2) less likely get stopped out ... con - (1) u many miss out trades esp those with V-shape pattern (2) u tend to trade with less discipline (3) lower RRR (risk-reward-ratio)
written by an awesome trader ... make sense to u ?? :)
traders then often reach out to other traders and look for answers to their questions. You will usually see traders ask things such as “how should I move my stop loss”, “when do you take profit”, “which indicator is the best for entries”, “how much money do I need and how much can I make”, “which timeframe is the best” or “is my indicator setting wrong”. I am sure those questions sound familiar and most traders will have them in their heads.
However, you should NEVER EVER ask a different trader about such crucial, personal and strategy-specific questions. First, you have no idea if the other trader answers honestly and correctly, you don’t know his objections and, most importantly, the other trader has no idea how you trade, he does not know your full approach, how you execute your trades and what your struggles are.
By asking the questions above, traders hope to gain clarity and remove the doubts they have. However, when the answers you get are not correct and you start making changes to your trading that result in more losses, you will end up worse off. You artificially created hope and certainty by asking random traders and your hopes then got crushed once you saw that your results didn’t improve your performance.
To make it short and painful: there is no perfect trading strategy. You will have to deal with losses.
So stop hoping, and start accepting the fact that you will lose. A perfect trading system is one that makes money in the long run, not a system that makes money with every trade – that is utopia. And you will ONLY start making money ONCE you accept that you will lose money, as well. I know, old story, but if you are not profitable yet, this is one of the reasons. Deep down inside your lizard brain you still think you are better than the market and you are still looking for that trading strategy that gives you a 100% winrate.
If you cannot fulfill your dream of creating the “Magic Strike Rate Trading System”, what is left? Excellence! It is your job to make sure to follow your system 100%. Not even the slightest deviation is allowed. Make sure you are always trading at the peak of your performance. Strive for excellence and make every trade count!
Every trade that you take outside of your trading system is an insult to yourself, to the time and effort you put into trading, and to your self-respect.
Excellence really comes down to respecting yourself in the end. Once you come to respect yourself and trust your abilities and your system, it will become easier and easier for you to follow your system.
WAH ... NOT EVEN THE SLIGHTEST DEVIATION IS ALLOWED !! ok ok when i play rebound i shall always stick to a double +D on 1H .. i shall stick to this system else skip the trade :(:( #iwontinsultmyself .. #irespectme
wei twobits .. rchi does not trade with waves !! further, he is prepared to hold 2 months when debbie meets suzuki :) perhaps i shall take heed of your waves .. likely there shall be a retest of the 20ma on 1H before further upside which is very common
sorry not c of C yet but minor a of C !!! b of C will take place soon and hope will not be another pain in the ass long consolidation :( b of C to be confirmed once the channel of a is broken ..
sorry not c of C yet but minor a of C !!! b of C will take place soon and hope will not be another pain in the ass long consolidation :( b of C to be confirmed once the channel of a is broken ..
huh ?? another short squeeze to 23K ??? possible kah ?? LOL .. let's see cuz if this is the case then the waves structure is very funny !! not our earlier ABC already ..
With suzuki pulling out of Malaysia market officially as a brand since late 2015. Debbie and Suzukisan has been planning their wedding ever since. After all, Suzukisan and Toyota- Daihatsu san has always been direct competition for A segment in Japan :D. I work in automotive for 10 years and I shall keep you guys update if I hear anything solid soon.
evel .. i am going to recount the following waves due to the OPEC consensus that pushed up wave B to a much higher level ! note the count is on 15m chart :- 1) 22992 - 22700 wave A 2) 22700 - 23015 wave B 3) 23015 - ??? wave C in progress now
Nov 30, 2016 02:48 PM | Report Abuse hawk .. subwaves + price action really can increase the day-trade winrate on hsif :) this is my 15m count :- 1) 22992 - 22700 wave A 2) 22700 - 22927 wave B 3) 22927 - ???? wave C work-in-progress a) 22927 - 22777 minor a of C b) 22777 - i give a TP of 62F at 22870 for minor b of C rally c) 22870 - hmmm will she drop back to 20ma daily support ??? p/s - both A and B took 2 days (include the evening / nite session) to complete and so i think C also !!! notice it's always minor b that takes longer time to process .. the a and c can be V-shape pattern
noted twobits .. let's see how then cuz it's too early to tell now !! maybe if tomorrow is your link thingy then can ah ??? LOL .. ie another catalyst ..
this is the thing when we have to wait for confirmation to trade .. darn impatient at times ... moritz plays poker whilst waiting !! i must also start play something
twobits .. no need to recount even if higher than 1630 cuz still within the range ?? the higher boundary is 1637 .. let's just wait for price to break up / down of this range !
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/