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/
thanks wiki ... ya different stocks respect different MAs !! for me i have two sets of MAs to identify STRONG TREND and HEALTHY TREND respectively .. for CI, the bottom channel on 1H chart still holds .. have yet to see a bullish reversal candle on daily though (still early now !!)
if follow my method, umw, i should have followed in at 5.5... that's when full candlestick cross sma145... but too much art there...so it's hard to set trigger point etc... really got to screen through the charts...
ya ya too much art is a hindrance !! that's why i also don't want to use stochastics cuz i can then manipulate the setting to see what i want to see which is badddddddd :) no consistency in the end ..
another method is 80/20 rule... if KLCI stands at 1820 and supported and reverse, next target 1880... if 1820 cannot support, then down to 1780... if 1780 break upwards, then next target 1820... rough guide... haha... same as Hengyuan, if successful break 18, then next target is 22...
Last Sunday, I just only helped my mum sapu 50 packs of Nestle Milo in Tesco to be distributed to old folks home etc... coz price was on discount, mana tau, today discussion pula Nestle...
rule no. 1 follow rchi, rule no. 2 never lose sight of rchi, rule no. 3 never forget rule no.1 and 2... :) do not have a specific trading style.. but so far, most stocks these days are glc play and bottom play, so it's quite easy to spot... am usually a mid to long term investor... trying to improve myself on short term call warrant trading... haha... still a novice.
ok. understood... personally think these 2 stocks scenario:- Hengyuan, macd seems to have crossed downward, so short term weakness, if it crosses up, then its call warrant can trade again... it's a momentum stock anyway, for topglove, i think if you plot fork chart, next week maybe a play to reach 10.20 on another fork upchannel... it's very much art for me.
one more thing, for UMW, its weekly macd just crossed last week... so this bull run is not going to end so fast... :) still some time to play... the last weekly macd cross on uptrend lasted 3 months...
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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/