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 rchi .. that's why as mentioned before all the rich n famous traders are mostly trend traders :) they don't go for all these meow-meow bounce !! but ah con certainly does not mind :)
junjie ... so, my 1H 20/50MA bearish crossing is not legit ... MA serves no purpose now (only effective in trending market structure) cuz price is actually consolidating around 1H ... there is no follow-thru' from the 3 red candles ! the new uptrend on 5min pushed price back up to your DTL ... looks like the uptrend on 5min is exhausting ... so, price may go back down to the lower boundary of your DTL ?? all eyes on dow again ? :(
Connie, I dont use much MA cause its lagging but MA helps me on determining the current trend. The bull flag didslightly broke out of the upper TL just now, smell like a bull trap but like what u say , the volume seems exhasuted on my 1 hour. In order to push it higher, we need more volume
hawk .. hsi for me is for educational purpose only :) the more i see her the clearer i see bursa counters as well ! i need to fix my daily/1H/5min jigsaw puzzles just so i also have reasonable assumptions to anticipate market's movement (hehehe, borrow from ayoyo's lovely quote) .. NEVER ever try to be gung-ho and say FOR SURE ... GUARANTEE cuz mr market will turn around and say 'WHO U ? i have to do what u want me to do ?"
"The market is dynamic and I have total respect of that which is why I cannot predict the future price but I have within reasonable assumption, anticipate its intention and take appropriate action"
pretty .. HY got daily downtrend reversal meh ??? today only can conclude a bounce from the last swing low !! if the upleg continues and we see there is MA bullish crossing on 1H chart, then we may say a new short-term uptrend is in progress (still does not mean it's the daily downtrend reversal)
pretty ... it's 45 degree uptrend line on daily above the rising 20/50/200MA !! hmmm are we talking about the same thing ? of course, the same trend can also be seen in 1H or 5min charts but in the end the trend on daily shall prevail ..
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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/