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/
noted with thanks hawk .. i leave this bugger for a while now (since my HTF is 1H) till there is a change in the structure ie break your higher high and higher low .. trend is strong and price is far away from 20ma .. time to snap back with the rubberband effect .. LOL ??? also reached 2.618F ext with a 5-waves at sight !!!
oh bo .. i understand your chart now !!! yes, obviously the peak of A or base of B will be the flip (ie resistance turns support) zone for target of wave 1 .. also got your 61.8% retracement :) however, ps do not be too fixated on wave 1 and 2 now cuz if u use a line chart on daily, your wave 1 bottom barely closed into the range of the peak of your A ... thus, your alternate count shud consider A as 1 and 1 as 4 ! do i sound complicated ?? hehehe
Posted by Bonarda > Jan 4, 2017 11:11 PM | Report Abuse "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."
hmmm twobits ... moving to your 22600 area !!!! will be hawking there now :):) see whether can break your structure or not later ..
Posted by twobits > Jan 3, 2017 11:00 PM | Report Abuse HSI 3-1-2016 expecting some retracement before the next push to 22600 area. structure is good for now.. higher high higher lower
wow 1st time reading position sizing in i3 :):) peeps only talk about stop loss but never touch this important topic on risk management !! good read ... i fix mine to 1% of capital balance and then work backwards to calc how many shares i can afford to buy
i understand exactly what you are saying! i just want to confirm what i understand from the statement is correct.
thanks :)
Posted by connie > Jan 5, 2017 01:40 PM | Report Abuse
oh bo .. i understand your chart now !!! yes, obviously the peak of A or base of B will be the flip (ie resistance turns support) zone for target of wave 1 .. also got your 61.8% retracement :) however, ps do not be too fixated on wave 1 and 2 now cuz if u use a line chart on daily, your wave 1 bottom barely closed into the range of the peak of your A ... thus, your alternate count shud consider A as 1 and 1 as 4 ! do i sound complicated ?? hehehe
Posted by Bonarda > Jan 4, 2017 11:11 PM | Report Abuse "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."
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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/