No need to read, depend & follow ff, IBs, etc. They can't win alot if you win too. There is no such thing as sharing for them. They win, you lose. That is the game of share market. Big fish eat small fish.
At overbought conditions, high chance will selldown. At oversold conditions, high chance will rebound. Natural phenomenon. The immediate trend will move until it meets a stronger counter-trend force then a reversal happens. So simple you also dont understand meh?
Aiya everyone here also know your chao kuan pattern la. Want to buy cheap just continue to do your fear mongering. After buy liow promote non-stop. Double-headed MadMonkey.
At overbought conditions, high chance will selldown. At oversold conditions, high chance will rebound. Natural phenomenon. The immediate trend will move until it meets a stronger counter-trend force then a reversal happens. So simple you also dont understand meh? -------------
Posted by MoneyMakers > 1 hour ago | Report Abuse AngTKlown what exactly r those ‘overbought conditions’?? When GenS drop 8%, rsi only ‘50’ In ur circus rsi 50 consider ‘overbought’ issit - since u call GenS drop as ‘overbought selloff’ ----------------------------
You English comprehension fail? GenS chart was extremely overbought after rallying up 50% in a few months. A major downtrend has already begun before result. GenS chart immediate trend was already DOWN. For skillful traders, we know that high chance this immediate downtrend will continue on for a while. You expect a trend reversal at RSI 50? Is RSI 50 considered extremely oversold? I never argue with the price action with my own reasoning and theories. I know these are fruitless endeavors that will not make me money in the stock market. The chart is always right and I just go along with it and profit from it.
Posted by MoneyMakers > 22 minutes ago | Report Abuse Walao AngTKlown ur definition of ‘overbought’ = up 50% past few months Very useless definition / trading guide AngTKlown what does ‘focus price action’ specifically mean?? Watch price go up down issit ---------------------------
You too amateur la. How to educate you on stock trading? My arbitrage trades I describe until so clearly liow but you said its "covered short".
@MadMoney, if your trading strategy of ""Promoting a stock nonstop after you bought. Fear mongering the same stock nonstop after you sold (hoping to buy back cheaper)"" works for you, then you just continue to use this chao kuan cheap trick la.
Higher level of trading skills used by good traders, you wont understand la.
Posted by MoneyMakers > 4 minutes ago | Report Abuse Aiyaa AngTKlown just answer question what u mean by ‘focus price action’ ----------------------------
You go and google la. So lazy how to learn things?
Posted by MoneyMakers > 1 minute ago | Report Abuse AngTKlown u always give those ‘general google answer’ but seems u have no idea what they mean / how to SPECIFICALLY use them as part of trading strategy ------------------------
MadMonkey already a retiree from circus with plenty of free time to google for basic info.
When ATK talk to successful traders, I dont ask them "What is price action".
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....
RWG
1,051 posts
Posted by RWG > 2023-05-22 18:08 | Report Abuse
msia no more madani