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/
duit .. why u don't just keep simeprop ?? ie ignore the short-term movement !!! u shud cuddle n huddle all your sime babies cuz u know best ??? but sunzen / 'h' (cannot mention LOL) u have so much patience ??? can't be u know these more than u know sime right ??
i think this is a very good article plus video explaining at which stage of the market phase a new player wants to focus on !! in the long run, one will have an edge playing out a consistent strategy and then slowly branching out from there ... let the very pro handles all market phases :)
duit .. i don't mean this article + vid are for u cuz u have passed the newbie stage !!! u have reached the pro level like it or not .. else u won't be trading the way u are doing now
duit ... what is your objective for barakah ??? play counter-trend (ie rally on a downtrend) or play downtrend reversal (ie in this case u need to be super patient)
a counter like this may go thru' a long consolidation (the sleeping or accumulation stage) period too until a very strong catalyst kicks in .. or until sharks come up with a great story to pump it up ???
duit .. for me i think i prefer to wait for a probable downtrend reversal !! in this case, i will look out for clear reversal chart patterns like inverted head & shoulder / double or triple bottom .. so entry will be a break of such pattern .. in the event there is no pattern whatsoever, then wait for a confirmed UPTREND and play pullback
connie... Barakah I don't have any idea..... he is the laggard in oil & gas industry so far.... when U see very strong I believe it's very safe....
You are my sifu of trading with safety margin.. U never brag but from 2 years observation you combined chart to produce very safe margin trade........ so for Barakah I will just follow you...
if u want to play counter-trend also possible cuz price is pretty far away from 20EMA on daily ... thus, again the mean reversion rule ie price may find its way back to 20EMA before deciding the next step ... in this case, go down to hourly chart to look for short-term 'reversal' pattern and aim for daily 20EMA level or daily level between 20EMA and 50EMA which has been acting as dynamic resistance ??
just like your sunzen ... i will also wait patiently for a downtrend reversal ... as of now, nobody can guarantee that it won't go as low as 0.20 yes ??? how much are u willing to AD ??? there is a PROBABILITY (never a certainty) that price action may go this way yes ???
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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/