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/
rchi .. i have not been playing warrants for a long long time !! but see u guys main so exciting and i miss out so so much on big cap counters :) u all are really good in analyzing which one is good and which one not !
noted rchi .. timing is everything now !! so, can't help it but to even look at 5min chart if not willing to hold overnite :(
hehehe wiki ... super tempted at times !! esp those played by rchi :) but since i lazy to learn myself so serve me right for not being able to make any from warrants :(
Hi Connie, I am not on the internet most of the time, so my response to your chart may be a bit slow. SPX will need to overcome the ascending triangle resistance line (set in mid January) first. Wow, from your chart I can almost see a rising wedge formation if you consider the price pattern from 7 Feb to today. Heheheh! But no need to panic yet.
guys .. is salute bottoming with HUGE VOLUME ?? sign of accumulation ??? been waiting for her to break the ascending triangle pattern on intra-day chart :( next QR only out in may eh ??
I m playing contra and Intraday...although sign is very good counter...can hold for long term...but I prefer trade like rchi...everydaycan earn money...
when u trade based on confirmation, it can be darn boring !! esp when price is so close to breaking a pattern (a buy signal) and then retreat lulling u to zzzzz :) LOL
connie, i never traded on a market crash before, had you? I dunno those one-day thousand point Dow Jones drop might happen or not, leaving no room even for trader to exit, unless they play intraday only.
How do you deal with position trading if let's say Dow Jones got a -20% haircut overnight?
not sure chunwei94; didn't look at the chart .. maybe price hit a long-term important resistance level be it a congested area or the good old 200MA etc .. thus, price retreats to absorb all the supply ??
yes alex, when market is probably still in the abc waves cycle, better take profits off the table on the same day ... or at least 1/2 if intra-day chart is still rosy !!
this call/put thingy is really a game of "overnite millionaire or bankrupt"....i hope all cc kakis keep this in their minds....even if i din make you all rich,i hope i can prevent you all from deep financial loss
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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/