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/
daily :- 1) as mentioned before, 200MA is a level that big boys like yes ? 2) a level that can attract all sorts of traders (no matter what entry strategies u use) and even longer term investors plus shorties covering shorts cuz they know there shall be a lot of players looking to long here ? 3) so, let's see if all these participants are able to reverse the daily trend :)
5min :- 1) finally broke a tight horizontal consolidation box 2) also broke a downtrend line 3) bullish divergence on macd ** these are the confluence factors to have a higher probability trade 4) next we shud be looking for the 20/50MA crossover to confirm a new uptrend on 5min chart 5) the blue box shud act as support level for the new uptrend to take off
60min :- 1) with all the positive bias on 5min, let's explore the resistance level on this timeframe for short-term target 2) watch out the downtrendline (DTL) on the 60min chart .. it is always possible that price may dip when this line is hit .. in which case, u may see a double bottom (also a nice reversal pattern) formed 3) if price is able to get past the DTL, then next to take note is the 20MA dynamic resistance (yellow box)
** remember buddies, anything can take place if your trading timeframe is 5min with reference to the 60min progress !! that's why u gotta be at your screen at all times ... if not, as i always say focus on whatever timeframe u are trading eg daily or weekly
Thanks for brief explanation sis connie... For sure, dis could giv sort of creamy dream to those hy overnite holder... Btw, any chart can be shared on hsi for our reference... Thanks in advance
mainbesar .. ever since price broke above the downtrendline on 1H chart, am bullish bias if price can stay above that line ... which it has been able to so far ... now we gotta watch if price can break the last swing high to form a higher high on 1H ... if this is successful, then we are seeing positive short-term market structure (HH and HL) progressing !! nevertheless, do note that the 200MA on 1H may do some kacau'ing and this level is also located where a congested area (yellow box) is on 1H ... and if u look at daily chart, this area also coincides with the daily downtrendline which most likely cause reaction there !
5min of hsi looks like an ascending triangle in the making ... so, let's see if price can break this pattern or not to soar higher ! if we see price consolidates tightly (sideways) around the resistance level (ie upper line of the ascending triangle), then quite likely the build-up will be able to break thru' the pattern
connie,is less than 24 hrs actually,n contra...Lol
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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/