Latest Posts By richtan
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About richtan
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| 28-Jul-2009 00:04 |
China Hongxing
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Good News for China Hongxin
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Hi weishen81, I m glad to know tat u are finally learning TA, good for u. I had created a thread "Learning TA" quite some time ago, for newbies, take a look at it, many free TA tutorial websites to learn. Remember tat indicators eg MACD, etc are mostly lagging indicators n play a supporting role to confirm the candles, candle pattern, consolidation n continuation pattern. The bullish trend in fact already started 10 days ago with the formation of the bullish harami followed by the next day higher high n higher low up candle. From today's candle onwards, the price may either moves sideways/pullback to consolidate or continues to go up. At the end of the day, must still remember tat TA is not infallible, so still need to set stop-loss. Take your time to familiarise the features, after a while, u will become an expert.
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| 27-Jul-2009 17:55 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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I m basically a TA trader, so I trade based on my interpretations of TA, but of course as I repeatedly mentioned, Ta is not infallible, thus need to set stop-loss. No one can catch the very top or bottom, if they did, it is just pure luck or coincidence which is unlikely to be repeated everytime. The mkt is a tricky beast trying to out-play us on our emotions, thus why I trade based on TA mechanically w/o emotions. Once I exit a trade, I dun regret my actions but review did I do anything wrong with my analysis n try to learn from any possible mistakes. There are times when after selling based on my interpretation of the TA, the price for the next few days formed fooling candles by going higher but I just ignore it (particularly if there is bearish divergence in other indicators) unless it subsequently break above the recent high, I would then not hesitate to buy back but with my stop-loss.
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| 27-Jul-2009 17:29 |
China Hongxing
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Good News for China Hongxin
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CHHX closed at the day's high, forming a long full real body white candle on tripled last Fri's volume |
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| 27-Jul-2009 17:13 |
China Hongxing
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Good News for China Hongxin
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Hi Sandmark, I m so sorry tat I dun have any specific highlight as all my advice are in reply to newbies as n when I saw their post which I feel the need to reply to help them as much as I can besides monitoring my personal trades n family time. I suggest u u click on my nick n set your own pace and scan (speedreading) n read those u think is relevant, note where u start n stop (my posting date n time) n carry on from where u stop, not forgetting any new post subsequent to where u started, whenever your time permits. Take your time, remember "Rome is not built in one day" If u are really keen on TA, look for the thread "Learning TA" under "Others" tat I specially created with newbies in mind. I hope this helps.
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| 27-Jul-2009 16:37 |
China Hongxing
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Good News for China Hongxin
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Hi Sandmark, I suggest u listen to my advice, every tradesmen needs their tools, so to make a living out of trading, u need to master FA n TA, FA on the fundamentals of the coy n TA to time entry n exit. Frankly, there is no short-cut to success in life be it in careers or biz, including trading, trading based on luck is a very dangerous game, how many times can we be tat lucky. But of course, I often mentioned tat TA is not infallible so need to set stop-loss. Correct me if I m wrong, if I remember correctly, I had adviced u to click on my nick to read my past postings on advice to newbies, the 3 golden mantras and the thread "Learning TA", I specially created with newbies in mind.
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| 27-Jul-2009 16:21 |
Others
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Market News that affect STI
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Stocks in Europe, Asia Advance; U.S. Index Futures Increase By Adam Haigh July 27 (Bloomberg) -- European and Asian shares advanced and U.S. futures rose, pushing the MSCI World Index higher for an 11th day, on speculation profits will improve as the global economic slump eases. Pearson Plc jumped 9.4 percent as the owner of the Financial Times newspaper posted an increase in first-half earnings. Nomura Holdings Inc., Japan’s largest brokerage, rose 3.1 percent after the Nikkei newspaper said the company may post its first quarterly profit since 2007. BHP Billiton Ltd. and Anglo American Plc led gains among raw-material producers as metals rallied. The MSCI World added 0.5 percent for the longest winning streak since June 2003. The gauge of 23 developed nations has rallied 12 percent since July 10 after better-than-expected earnings at companies from Goldman Sachs Group Inc. to Roche Holding AG and Apple Inc. Japan’s Nikkei 225 Stock Average posted the most consecutive daily gains in more than two decades. “It will become clear that the current level of share prices is fundamentally justified,” said Tammo Greetfeld, a senior equity strategist at UniCredit Markets & Investment Banking in Munich. “We are pretty confident that in this current phase of a reality test where investors examine whether the economic recovery is broad enough, quick enough, sustained enough, that this will have a positive outcome,” he told Bloomberg Television. European, Asian Stocks Europe’s Dow Jones Stoxx 600 Index advanced 0.6 percent today and the MSCI Asia Pacific Index rose 1.1 percent. Futures on the Standard & Poor’s 500 Index added 0.1 percent. U.S. stocks gained on July 24 after Federal Reserve Chairman Ben S. Bernanke said the central bank is “winding down” emergency measures aimed at curbing the financial crisis. Analysts are raising U.S. earnings estimates for the first time since credit markets froze two years ago. Wall Street firms raised forecasts on S&P 500 companies 896 times in June and lowered 886, according to data compiled by JPMorgan Chase & Co. The last time analysts were bullish on a net basis was in April 2007, before more than $1.5 trillion of bank losses tied to subprime loans spurred the first global recession since World War II, the data show. Sales of new homes in the U.S. probably climbed in June to the highest level in four months, adding to evidence the housing slump that began in 2005 is stabilizing, economists said ahead of a Commerce Department report due at 10 a.m. in Washington. German consumer confidence rose for a third month on retreating inflation and signs the economy is starting to recover. GfK AG’s sentiment index for August, based on a survey of about 2,000 people, increased to 3.5 from a revised 3 for July, a 14-month high, the market-research company said today. Pearson Jumps Pearson surged 9.4 percent to 663 pence as it expanded the international education business and reduced reliance on advertising revenue. Net income was 28 million pounds ($46 million), compared with a net loss of 62 million pounds a year earlier. Sales rose 22 percent to 2.4 billion pounds. More than half of per-share earnings at European companies that have reported results since July 8 beat analyst forecasts, according to Bloomberg data. Profits in the Stoxx 600 fell 31 percent on average in the period, while 41 out of 75 companies have reported better-than-estimated results, the data show. Japan’s three largest brokerages, Nomura, Daiwa Securities Group Inc. and Nikko Cordial Corp., likely swung to profit last quarter on rising mutual fund sales and underwriting fees, the Nikkei said yesterday. Nomura jumped 3.1 percent to 820 yen. Daiwa rose 4.5 percent to 559 yen. The Nikkei 225 climbed 144.11, or 1.5 percent, to 10,088.66, its second-highest close for 2009. Mining Companies BHP Billiton, the world’s largest mining company, gained 1.4 percent to 1,576 pence. Anglo American added 1.6 percent to 1,946 pence. Copper rallied to the highest in almost 10 months in London on speculation demand will rise on a global economic recovery. Solarworld AG gained 7.8 percent to 18.76 euros after Germany’s third-largest solar company confirmed its sales outlook for 2009. Ryanair Holdings Plc, Europe’s largest low-cost airline, slumped 10 percent to 3.03 euros. Chief Executive Officer Michael O’Leary said in a statement that “full-year net profit will be towards the lower end of the 200 million euros to 300 million euros range.” Rexam Plc sank 9.1 percent to 294.25 pence. The world’s biggest beverage-can maker said it’s considering a sale of shares to help defend its credit rating against a drop to junk. To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net Last Updated: July 27, 2009 03:58 EDT |
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| 27-Jul-2009 16:13 |
China Hongxing
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Good News for China Hongxin
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Besides patience, to really make money in trading, imo, there is no easy way out, no short-cut, need hardwork, need to know how to interpret TA to time entry n exit, but of course, TA is not infallible so need to set stop-loss. Frankly, no one will be able to tell u when it can break 30 ct, whoever tell u they can, better distance yourself from them as only GOD knows, we mortals can at best only predict, which means no guarantee.
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| 27-Jul-2009 16:02 |
Others
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Market News that affect STI
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| 27-Jul-2009 15:52 |
Others
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Market News that affect STI
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| 27-Jul-2009 15:49 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Trade Summary shows more buying up: 5GJ (AusGroup)
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| 27-Jul-2009 15:43 |
China Hongxing
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Good News for China Hongxin
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There is no fix answer to tat, tat depends on individual's trading strategy, short-term, mid-term or long-term and individual's interpretation of TA
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| 27-Jul-2009 15:14 |
China Hongxing
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Good News for China Hongxin
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Wow!!! the volume is almost triple last Fri's volume. Goodness Gracious, HUATTT AHHH!!!!
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| 27-Jul-2009 14:54 |
Others
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Market News that affect STI
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Nikkei is still holding up very strong: 
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| 27-Jul-2009 14:48 |
Midas
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Midas
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Wow!!! the volume is even more than double last Fri's volume. goodness gracious, huat ahhhhh!!!!
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| 27-Jul-2009 14:43 |
China Hongxing
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Good News for China Hongxin
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Wow!!! the volume is even more than double last Fri's volume. goodness gracious, huat ahhhhh!!!!
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| 27-Jul-2009 14:40 |
China Hongxing
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Good News for China Hongxin
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Hi aircraft, Sorry for the late rre3sponse and thanks syrix11 for answering on my behalf
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| 27-Jul-2009 14:22 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Quote: "The bulls should continue their return to the market in coming months, continually taking advantage of 4%-8% pullbacks to raise their exposure and eventually lifting the STI past the key 2,600-2,650 resistance level to around 2,700-2,750."
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| 27-Jul-2009 14:16 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index: Technical gap has been filled, initial target now at 2,600
Closing price of 2,533 on last Friday was exactly inline with our forecasts. We had previously
wrote that should the Straits Times Index (FSSTI Index) stay above the 2,424 level, the ensuing
bullish momentum would encounter initial resistance at the 2,533 level where a technical gap is
situated – this eventually panned out right inline with our expectations. Currently with the STI still
riding on a Wave 5, we believe that the present uptrend has not yet run its full course.
Technical indicators are positive. The runaway gap that appeared on last Friday is also
expected to propel the STI further. Additionally, the MACD chart is similarly generating a bullish
signal – we therefore recommend vested investors not to jump ship yet while those looking to enter
the market should do so at current levels before the STI hits an overbought condition.
Key levels to note. Initial resistance is now identified at the 2,605 mark where a series of daily
highs are seen. North of that, further resistance in the form of the 100% fibonacci extension of
Wave 1 at around the 2,700 level would be the next target. On the other support, immediate
support is located at the 2,443 – 2,455 region where a series of daily lows are outlined. Additional
support at the 2,380 – 2,389 area as represented by the 14-day moving average would also be
available to cap any selling momentum should an unexpected downtrend occur
From DMG: Straits Times Index: Technical gap has been filled, initial target now at 2,600 Closing price of 2,533 on last Friday was exactly inline with our forecasts. We had previously wrote that should the Straits Times Index (FSSTI Index) stay above the 2,424 level, the ensuing bullish momentum would encounter initial resistance at the 2,533 level where a technical gap issituated – this eventually panned out right inline with our expectations. Currently with the STI still riding on a Wave 5, we believe that the present uptrend has not yet run its full course. Technical indicators are positive. The runaway gap that appeared on last Friday is also expected to propel the STI further. Additionally, the MACD chart is similarly generating a bullish signal – we therefore recommend vested investors not to jump ship yet while those looking to enterthe market should do so at current levels before the STI hits an overbought condition. Key levels to note. Initial resistance is now identified at the 2,605 mark where a series of daily highs are seen. North of that, further resistance in the form of the 100% fibonacci extension of Wave 1 at around the 2,700 level would be the next target. On the other hand, immediate support is located at the 2,443 – 2,455 region where a series of daily lows are outlined. Additionals upport at the 2,380 – 2,389 area as represented by the 14-day moving average would also be available to cap any selling momentum should an unexpected downtrend occur |
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| 27-Jul-2009 12:20 |
Others
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Most - S-Chip get ready to get 10-20% Price Hike
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Itis not only really very very cheap but "Super Cheap"
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| 27-Jul-2009 12:09 |
China Hongxing
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Good News for China Hongxin
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This shows tat patience really does have its virtue n those tat are patience will be duly rewarded.
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