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/
yes ah .. anytime we see price still below 20MA or 50MA or both of 1H chart, we gotta be very careful ... u have to monitor the 5min chart like a hawk to trail profits !
therefore most pro traders are trend traders .. they don't play all these rallies :) some may want to catch the bottom for trend reversal BUT with very stringent entry criteria !
as the 5min chart looks rather bearish now, we gotta start all over again like before ... wait for pattern to develop .. monitor break above or below along this downleg on 5min (look at those blue boxes on the left !) .. be very careful if u are thinking of bottom fishing
Today seem like alot force selling start 4pm for the huge buying volume on 7 march. Not sure is it correct because the volume jump from 4mil to 5.6mil in that 1 trading hour.
lol smallfish .. me captain ah ??? aiya i just posted yesterday advice from pro trader ayoyo .. he said absorb all the strategies but then gotta come up with one that suits u ! tot i have posted before pretty clearly how i look at HY multiple TF to time entry .. if u think that kinda strategy suits u then learn how to trade it .. otherwise u have to come up with your own :) isn't she doing what she did before now ??
Posted by SmallFish8 > Mar 12, 2018 10:08 PM | Report Abuse hahahah.. Yeah connie captain if you fishing my relative 'fish' at least inform me hahaha. So i can do a farewell for them. kikiki
if we look at the bigger pic ie the daily TF, quite likely she is going to consolidate around the 200MA .. and this jive with the fact that so many warrants are expiring this month .. most importantly, price is contained now within the blue box .. and then we shall see how it's going to be like !
the thing about HY now is that previously we were aiming to play a rally cuz price has dipped to 200MA ... as said before, this level more often than not will cause a stir !! and this signal to play comes from the DAILY chart .. we then hawk the 5min / 60min charts to time our entry for the rally to materialize ... this part is played out now yes ?? so, what's next ?? we shud aim for daily DOWNTREND reversal (if it's gonna reverse ... so, the blue box is important) ... this requires a lot more patience cuz we need to see structure developed on 60min first ! therefore my frens, u gotta know what u want to play and then strategize accordingly
of course, if u intend to play prices bouncing around the blue box on daily then it's a different game altogether ... so, decide what u want to play and then plan your trade accordingly !
Connie, the Dow is now near the tip of a pennant. This is the period that I will sit at the sidelines and wait for direction. And drink coffee and relax! You guys have fun. Let me cheer for you. Ong ahhhh.....heng ahhhh.....huat ahhh!!!!!
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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/