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/
hawk .. did u manage to squeeze a fast one from HY ? :) i didn't trade the 5min chart cuz i was waiting for something to happen on 1H since there wasn't any catalyst on daily at all ... so price failed to get past the 1H 50MA and consolidation box resistance again :(
Posted by skyhawk > Apr 1, 2018 06:32 PM | Report Abuse connie....HY.....am expecting a technical rebound tomoro, overall trend is still in a bearish mode. Can go for a fast one :):):)
as i said hsi primary trend has changed to down,we will see lower lows till dunno when since this bull run started in 2008...a lot of downside compared to upside
this is a tip from ayoyo on bull trap :) high vol on downtrend + low vol on recovery => obvious trap .. btw he was talking about HY !
Mar 26, 2018 10:28 AM | Report Abuse If you guys have access to the intraday charts, spread the intervals over a one or two week period, look at the 15 and 30 min charts, then 5 min to check on the wave within the individual bar volume spikes, you can clearly see that volume has been high on downtrend while recovery volume is weak and is an obvious trap...
Wonder why the fixation with needing to catch a falling knife and buying at the absolute low? ... Let it play out by itself.. Eventually, they will show their hand.. It's ok to pay a higher price for a ticket when you have better confidence in the train departing
Connie,u may observe my strategy for dealing with the bear.You may also observe how many others react to the grizzly that lead to losses,sometimes huge.
yes rchi .. i do notice when u play counter-trend trades during this bear period, u are very fast in reacting either cut loss or take profit .. whereas some are not even aware of things like counter-trend; thinking trend is reversing and setting unrealistic target prices :(
for short-term trend of hsi, there is a legit downtrendline on 1H chart ... price may retest this resistance ... if manage to go above and find support at yellow zone, price may retest 309xx ... if can't get above, price will stay below 1H 20MA/50MA which is a sign of weakness ... in this case, price may retrace to daily 200MA to find support ??
will the big 3 us30/us500/ustec break below 200MA in the near term ?? or will they consolidate for some time around this level (the fight between the bulls and bears) ?? perhaps hsi will drop to 200MA first even if the big 3 consolidates around 200MA .. in which case, all will become abangadik and will move in the same direction from then on ??
HSI failed to break above the downtrendline on 1H with a topping tail at resistance ... so long as price is below this line and 20/50MA on 1H, it's weakness !!
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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/