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/
zen ... there are different types of traders :- 1) trend traders only trade the underlying trends .. if trend is UP, then they only go LONG .. if trend is DOWN, then they only go SHORT 2) counter-trend traders eg when the main trend is down, there is bound to be spike / rally, this is what this group is aiming for 3) reversal traders eg main trend is down .. they will be monitoring for the downtrend to reverse to go long .. need more confirmation to trade
** all famous traders who make millions are TREND traders :)
*** if u are trading a counter that is below 200/50/20MAs, be quick to take profits cuz the spike cud just be a counter-trend rally ... playing such counter wud classify u as a COUNTER-TREND trader
under main group TREND traders, there are subgroups (1) pullback traders and (2) breakout traders ... so, if u all notice our rchi dearest is mostly a BREAKOUT trader when he sees a strong trend :) he will snipe when price breaks above the last swing high .. he is not afraid of buying high cuz the trend is going UP :) and why rchi is making lots of money cuz he is mostly a TREND trader !
purebull .. hawk, when price reaches a resistance level and starts to consolidate tightly, is this a sign of bulls ? :) otherwise, won't the bears start to attack ? i think for hsi, it's only safe to short when price breaks below the yellow box .. safer still is for price to retest the lower boundary of the box as resistance .. and then 1st target green box ? in any case, let's see how dow is doing at the tip of the pennant as pointed out by namaste
connie.....what u see is a double top. Distribution is about to be completed.From EW view....the sw4 is about to unfold, hence earlier said a strong pullback is to be expected .
Posted by connie > Mar 13, 2018 04:59 PM | Report Abuse
purebull .. hawk, when price reaches a resistance level and starts to consolidate tightly, is this a sign of bulls ? :) otherwise, won't the bears start to attack ? i think for hsi, it's only safe to short when price breaks below the yellow box .. safer still is for price to retest the lower boundary of the box as resistance .. and then 1st target green box ? in any case, let's see how dow is doing at the tip of the pennant as pointed out by namaste
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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/