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/
Chinese fund again show very little interest today. it has been like this for few days. they are waiting for something to move big but really cant tell what they are waiting for. Maybe duit has some insight to share?
can see bulls left and bears join this week but something is missing to confirm the trend. wave count also have 2 direction.. https://invst.ly/6stde
bonbon .. not sure apa-apa funds want to do !! i just take hawk's count as b of wave 2 .. if price can legitimately break below the ascending triangle, then confirm end of 4th wave of b and start the last leg down to 5th wave (will monitor price action eg bottoming tail or bullish engulfing etc for exhaustion) .. after which the c upleg of wave 2 shall commence
alternatively, if break ABOVE the ascending triangle, then i will take it as commencement of c of wave 2 already :) so, nothing to do now except to get answer from mr market !
wah so much better like that ah :) never mind lah, now we just wait what mr market wants ... a very good pattern on 5min chart !! only need to wait breaking ABOVE or BELOW that pattern to confirm the next short-term wave movement
bonbon ... trading with confirmation will get us out of a lot of trouble (unnecessary cut loss trades) but at the same time it may also make us miss some trades !! so, there is never a holy grail and it all depends on individual's risk profile
eg i try to catch the bottom of salute .. i saw the 200MA is pretty far away on 1H chart and then there was a nice ascending triangle on 15min chart (also price is above 200MA of 15min) ... if i did not wait for price to break ABOVE that triangle, i wud have to cut loss now ! huhuhu ... same same with hengyuan yesterday
re: Joe, basically you need a timing model, like example here (posted in June 2015)... look at the month array of dow jones Oct 2015 - it shows panic cycle and volatility month... so u better be careful... that time you can start hedge with volatility (means long volatility)... but becareful with leveraged ones, they got contango... will lose value if you profit already never sell... https://www.armstrongeconomics.com/future-forecasts/outlook-for-the-dow/
example, https://drive.google.com/open?id=1srb1HGxJthFxDfrO8BW7zPuqDN3hi8-n this shows svxy... short VIX product... why short? bcoz most of the time vix is always stay low... during the entire dow jones uptrend, if you keep thinking market top and short, you will lose a fortune... then if you hedge short vix all along, unless you know when to take profit and know the timing model of the volatility period, you will get caught... whatever you earned, you lose back... or you lose more...
u can also try look at UVXY... 3X long volatility, now a bit uptrend ... but if you drag from long time ago like 5 years... it's drowntrend all the way... i know pple make money short UVXY... many times leveraged... they make a lot of money... it has never gone above MA 200... why? bcoz its contango will kill its value...
the coming days n weeks will still be boring...unless you take tango classes frm hawk....or break dance classes frm me (break bumbung then dance)....kikiki
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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/