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 ewtrader .. hope u had a great xmas :) thanks for the reminder that corrective waves cannot be extended !! however, i am still not convinced that the next set of waves is gonna be impulsive ... one step at a time k ? :)
Posted by EWTrader > Dec 25, 2016 11:44 AM | Report Abuse Connie...Hope you are able to recall the EW rules....any extensions of waves will only happen in any one of the impulsive waves and not in corrective waves.Corrective waves can be a simple zz or flat but most of the time will be in combo or complex formations.By following EW rules...you should be able to see the waves clearly.....
evel ... if u are NOT comfy with waves, then discard them and look for other TA strategy that suits ya :) i use them as a guide for terminus point ... as said before; on daily, she is at a strong SR level and so i chose not to short cuz i am expecting some reaction ... then on 4H chart, there is an impulsive 5-waves down which i can count them as wave A (although hawk is bullish on wave 5 !!) ... if we follow waves principle, what is after wave A ?? wave B rally !!!! so, how to ensure that wave A has in fact terminated and B to start ... look at the break of market structure as well on LTF chart
Posted by EVEL > Dec 27, 2016 12:47 AM | Report Abuse so rajin connie n juni...but cant understand already the waves... so now hsi going up or down pls?
hawk is counting the end of this downleg as WAVE 4 and is expecting an impulsive WAVE 5 !!! i am not so optimistic as yet and choose to count this downleg as wave A and any rally from here is wave B ... this also means i am expecting a more complex correction until and unless market tells me that she is NOT :)
ok connie, thanks alot. am also using rchi indicator. also not comfortable with averaging down at every level, so will wait for clear cut signal like u said ya
Hi connie, I am looking at HS daily chart on Chartnexus. The multi-timeframe support level is abt 21424. This is also the median line of the Andrew Pitchfork. If it can reverse around this area, then the chances of an upside breaking the X-X line is possible.
hi juni .. i was on high alert when i saw the +D on 4H (divergence on higher time-frame is always more reliable) ! then i switched to 1H and also saw +D with a double-bottom formation (first sign break of micro-market structure on LTF after a long wait) ... then waited for price to go above 20ma and retest it on 15m :):) as mentioned before, this kind of reversal trading requires tonnes of patience in order NOT to call bottom and get stopped out !!!
juni .. re-checked your XX line !! that's a high target .. meantime, i monitor the daily 20ma retest first as target for this rally which is approx 38F
connie ... After the 2 xx, there is no more xx.. it will either resume its upward trend ABC or goes down n break CC line. I did not count the waves ...if u mean to take up position, u have to drill down n count the waves. From the fibo, I think it is starting to reverse. I have not played HS before. Are u buying the HS listed in KLSE ? Do u calculate the strike price n exchange ratio to find out if it is overvalue before u buy ?
Ian Copsey of Harmonic Waves said from his experience, there can only be 2 XX... there is no 3rd XX. After the 2 xx, it will rebound if it is a triple zigzay.. otherwise it would go down further n breach cc line to form a flat.
noted with thanks juni .. i only do day-trading and curi-curi see which warrant rchi is playing without having to calc the strike price / exchange ratio :)
morning datuk .. who is beehoon guy ??? datuk is full of da vinci codes :)
aiyo... u no see telegram ahhhh?? the one i posted just now is flying noww... :D
Posted by connie > Dec 29, 2016 09:13 AM | Report Abuse
noted with thanks juni .. i only do day-trading and curi-curi see which warrant rchi is playing without having to calc the strike price / exchange ratio :)
morning datuk .. who is beehoon guy ??? datuk is full of da vinci codes :)
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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/