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/
aih, went away for a meeting. looking at c15 at the lowest in the morning d didnt click the buy button. ok bye, i shall go and drown in misery for the weekend hahahaahah
icic, anyway hawk sifu, currently are u more to bull or bear? Correct me if im wrong, i dont really use alot of elliot waves but more of fibs and trendlines, not sure whether it will form a not cause what i can see now is that its trying to climb higher or maybe form a bear flag and trap ppl.
JJ.....it does not matter a black cat or white cat,as long as it catches the mouse...is a good cat.Use the one that gives u the most profit lor wakakaka !!
Long Term Investor For long term investors, it's not a bad idea to take a look at the weekly chart. Currently, price is supported by weekly 50MA which is also at major horizontal support ie the congested area on the left. Due to this strong weekly support, price is still hovering around daily 200MA. As seen on the daily chart, price is now confined in a horizontal box. We have to wait for a breakout from the box be it ABOVE or BELOW. If breaks below, then price may find the next support on weekly 200MA . I am not sure if it makes sense or not for price to drop to 200MA given current fundamentals development !!
Short Term Trader If price breaks above the daily horizontal box, then we will probably see market structure as drawn on the 1H (60m) chart. Price will progress to make higher high and higher low thus a probable downtrend REVERSAL in the making ! Till then, any trade opportunities now is merely a COUNTER-TREND (underlying trend is down) trade. I can't think of any other way to play counter-trend trade but the 5-min chart (wud appreciate other traders to share their secrets !) The entry timing has to be good cuz there are many overhead resistance levels to overcome and hence the rally may be short-lived. Hope the boxes and levels drawn on the 5min give u some ideas how to tackle the 5-min chart to ride a counter-trend trade.
Hi Connie, do you do harmonics trading ? Or u know any sifu here that uses harmonic patterns? Seems like hrc is completing its bullish butterfly pattern at its CD leg and pending for a reversal soon.
hi junjie .. no i don't use harmonics trading ! but i think junichiro uses it .. he also likes EW :) but he is seldom in i3 :(
Posted by Jun Jie JJ > Mar 18, 2018 11:56 AM | Report Abuse Hi Connie, do you do harmonics trading ? Or u know any sifu here that uses harmonic patterns? Seems like hrc is completing its bullish butterfly pattern at its CD leg and pending for a reversal soon.
noted with thanks hawk .. i am really lost in waves esp the combo ones; too complicated to count :( twobits is very good at this !
Posted by skyhawk > Mar 16, 2018 04:06 PM | Report Abuse connie....u cant see the trend from normal TA ...bcos it is the (iv) n hv jst completed the combo(iv) of c of B.The calm b4 the storm n it will take u to the earlier projected tp of B.
hawk .. back to the range again !! really must see price to break out of it; otherwise your combo will be from double to triple and so forth ... zzzzZZZ
Connie...for combo corrections, u need to hv patience.On the other hand, it give u a 2nd chance to get on board the bullet train b4 it leave u behind ....hehehe!!
ok hawk ... by using ew (advanced TA), u have reasonable assumptions to anticipate price to move upwards !! fair enuf .. unfortunately i don't have the means to arrive at such assumptions cuz ew is not my edge :( thus, i have to depend on normal TA to anticipate what price is going to do next :)
there is a descending triangle on HY 5min now ... monitor whether price will break UP or DOWN ... that's all we can do ie let the market tells us what is next ... if DOWN, anticipate price to go all the way down to last swing low cuz it has been said before that price is probably going to consolidate in a box on daily !!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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/