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/
if you go check the 5 yr chart history of hsi,for the first of january effect you will discover something very interesting. i m sticking wth my belief.
twobits ... if we are counting wave c with 5 waves, then there may be one more lapse .. and the possible directions are as per the blue arrows ... she will go back up to the congested yellow area which also coincides with daily dynamic 20ma (currently at 22115) ... this entire abc on LTF can be A of HTF ??? next to expect is B ??? or the waves now are not overlapping, we can count as wave 1 ... and it's gonna be wave 2 after 1 ?? p/s - was so excited just now monitoring the 5m cuz it looked like breaking the sub-structure ... however, did not happen !!!
disclaimer ... we are discussing sub-structure for very short-term traders !! if u are playing a longer TREND (whatever that u deem to believe it to be), ps DISREGARD our discussion ..
hope everyone has a very good break..wait, i see discussion still going on until 30th..u guys and girl are very serious traders and i was so slack..haha
twobits ... mind to share with me your wave count for airasia !! i have labeled mine as follows and am waiting patiently for last lapse of c to end ... this abc is the big C of HTF !! many thanks
the mass psychology in klci is not enormous enuf to generate ew ???? closed door management :( and hsi is really testing my patience now .. kikiki (okay i shall meditate like rolfie LOL)
hawk .. happy new year !! yes, one has to decide C or H depending on what waves / time-frame one is trading ... it is VERY VERY VERY risky to follow blindly and not knowing what is one aiming for :(
"Targets for wave 1 The first wave, a new impulsive price movement, tends to stop at the base of the previous correction, which normally is the B wave. This often coincides with a 38.2% or a 61.8% retracement of the previous correction."
Base of B = 21594, thus, Wave 1 could have already done when it hit 21538 which is close to 0.618 of WaveC
ABC12345 structure ??? meaning that 12345 can be wave 1 or wave X for complex correction (if X is zigzag then the structure shud be 5-3-5 and thus the 1st 12345 !)
"Targets for wave 1 The first wave, a new impulsive price movement, tends to stop at the base of the previous correction, which normally is the B wave. This often coincides with a 38.2% or a 61.8% retracement of the previous correction."
morning hawk ... visited u for a short while at hsi :) now waiting to re-visit but cud be meeting rchi instead ??? but still too early to call top at 1H !!!
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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/