ShareJunction - Member Posts

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Hi taitai,

Nah... I m no expert in TA, I m sure there are other experts reading in the background.

Nobody can really advise u whether to hold or sell as all depends on individual risk tolerance n strategy, whether u r short-term, mid-term or long-term trader n your stop-loss level.

My chart posting is merely to exchange pointers with fellow TA practitioner, why not u put an effort n post your analysis, my advice (for your own good), if u r not ready or unsure, stay out of trading , spend tat time instead to read up the 3 threads I created n master TA.

If u r newbie to trading, below is my advice (whether to listen or not is up to u).

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades." - Learn how to spot reversal signs in candlestick charts for entry n exit

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

Depending on your inclinations and whether u seriously want to learn TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free (but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras (which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,dun waste your money, instead self-learn the skills n use tat money to trade. I rather save the money to trade and multiply it).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless.

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, follow the steps on how to post charts in "General", "Trading Techniques", "Learning TA".

taitai ( Date: 14-Sep-2009 14:41) Posted:

My interest in this counter is compounding.

But the chart is not giving me any comfort, very erratic. There are no exceptionally bad news coming from the markets. Hence, by looking at the px level it is now converging with the 20day MA. Does that mean consolidation is taking place and a breakout will soon follow?

In any case, I am a newbie to TAs so perhaps the experts here can give some advice. Esp, the master of TA, wru?

Smiley

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Hi fuzzy9907,

Many thanks for your mediation effort n being neutral.

U r right not to discount FA, in fact FA comes 1st, TA comes 2nd, used to time entry n exit n stop-losses point.

fuzzy9907 ( Date: 14-Sep-2009 13:15) Posted:

I am a newbie to this forum and have been reading it the past couple of wks.

CheongWee: I have enjoyed your posts and your strong opinions, and you show that you care and are willing to help others. It is also an inspiration to me when you share your thoughts/insights into the market and also your successes.

RichTan: Your willingness to help others, especially newbies, is fantastic. I have found your posts in the newbie section on TA guides to be very helpful. Again, you have strong opinions and stand by them.

The fact that both of you have strong opinions and are willing to help others is remarkable and worthy of our respect. From your posts, you both seem to be very successful in trading, which in itself, is a great testament to your abilities, taking into account 90% of people lose money in the stock market.

Personally, I have interest in TA, while at the same time, I feel that I cannot discount FA as stock market is basically influenced by the psychology of the people who trade in it.

To me, most important is that we have a system to help us win.

There are many methods to reach a goal, ultimately, the "method" is not important, only that we have reached our goal.

CW: I would like to thank you for your contributions and hope you continue to stay in this forum. It will be a shame if this forum is only dominated by TA, without any FA experts to offer a different perspective to the market situation to newbies like me.

RichTan: Would like to also thank you for your encouraging and inspirational posts.

It is a fact that Sh*t happens, it is a fact that people will misunderstand/miscommunicate, it is a fact that people will have different opinions.... it is with tolerence and mutual respect, that we can all live in peace.

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Say wat u want, the mouth is yours but dun put words in my mouth, I dun curse n swear at people, as I m merely stating wat Buddhism preach, do the wrong things intentionally n bear the consequences of bad karma.

I have my right to defend myself if I deemed it as unjustified rating just as u have the same right to rebut when u cant stand people disagreeing with u.

cheongwee ( Date: 14-Sep-2009 11:54) Posted:

u try to do that to some famous ppl...see what happen??

after this post i will leave for good, i will not come back again using another nick as my style is easy to spot....for richtan benefit..

but look at him..he is not practising what he preach...

he caanot even stand ppl rating his post bad...i cannot see anything so serious in this...he make complain to admin..

and he curse and swear at ppl for doing this...look here i paste his post for u to read...as a proof

Posted: 11-Sep-2009 01:55 Contact richtan * Quote this Post!

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* Alert Admin

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

if u read properly,,,accumulating for yourself and your next generation bad karma for your bad deed..

for simply rating a ppl post bad can be that serious...

it even affect the next generation....

this is plain cursing and swearing...is a sign of a sensitive person...i do get bad rating also...i thk nothing wrong with it...ppl got the right to do it..

FYI..that is not from Buddhist teaching...

and calling ppl to come up with alternate way is ridiculous...

ok u rate the movie lousy,,,,will the director call u to come up with another movie yourself??

u must really do to other as u like other to do to u...Confuciuosaying..is right.

i wonder what will happen if ppl curse and sweaat at your next generation??

now you can say what u like, i will leave , i am not going to have anything to do with ridiculous ppl...

good luck to all and richtan...goodbye.......

lawcheemeng ( Date: 14-Sep-2009 11:29) Posted:

shaolin and ermei co..exsist with some misunderstanding both are there for the goood and peace in the ""river and lake""" i m very sure this just a misunderstand.mis.interpretation of each others message....as i always tell my kids...sms..it one of the worstway to comminicate...no expression..no tone...of voice...just words....hehe..words r always prone to mis interpret....so my sifus in the forum...do take a step back."".the sea is wide.....the sky is boundless......."".

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Ok... Ok... I m sorry for the accidental wrong phrasing w/o realising it n causing u injustice, but still, I would appreciate tat u can "lets co-exist, share a common space, live n lets live n stop belittling other's beliefs" as wat our PM mentioned in the National Rally.

cheongwee ( Date: 14-Sep-2009 11:29) Posted:

and now u said u phrase it wrongly...but if i did not raise the point or if tomolo i dies..this will go unanswer...all ppl will think i am truly what u said..

u know u are doing a very injustice to me...dont u agree.. and even your apology is also questionable...

cant you simply said " i am sorry " without explanantion that this is an accidental case... that is...simple...a gentleman should never be ashame to admit he is wrong, right?

accident or not...the damage is done..

afterall, u have said we are not 100%, right???

richtan ( Date: 14-Sep-2009 11:20) Posted:

I m a gentleman not a coward, my apology for phrasing it wrongly in a moment of the heat being generated n not composing my tots properly b4 hitting the reply button.

Yes, I quote Confucious n I practise wat I quote n do not excuse myself, for tat negligence, my apology and a slap on my own face for not being more careful in phrasing prior to hitting the reply button.

On second tot, I should have being more calm n composed myself n phrased it more properly by saying "i m glad for u for attaining saintly status" making money on ALMOST EVERY TRADES, unbelievable"u must be the smartest n best trader, better than Jim Rogers Oei Hong Leong, blah..blah...blah.."

OMG, one additional word makes a world of difference.

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I m a gentleman not a coward, my apology for phrasing it wrongly in a moment of the heat being generated n not composing my tots properly b4 hitting the reply button.

Yes, I quote Confucious n I practise wat I quote n do not excuse myself, for tat negligence, my apology and a slap on my own face for not being more careful in phrasing prior to hitting the reply button.

On second tot, I should have being more calm n composed myself n phrased it more properly by saying "i m glad for u for attaining saintly status" making money on ALMOST EVERY TRADES, unbelievable"u must be the smartest n best trader, better than Jim Rogers Oei Hong Leong, blah..blah...blah.."

OMG, one additional word makes a world of difference.

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Lets not the pot call the kettle black, aint u also sensitive n ridiculous, keep belittling others.

cheongwee ( Date: 14-Sep-2009 10:53) Posted:

richtan...i did not said every trade...it is you who said it....i said 70% of the time..pls dont anyhow quote ppl...just like you dont like ppl to anyhow rate your post.. ,,,you already admit your TA is 50/50...so??? your eye something wrong???read the wrong post???

furthermore...u can quote confucious..saying do to other as u like other to do unto you...you are plain bullshit and hopless guy...truly..

if forumer here dont agree. i can prove to you all....this guy is hoplessly sensitve and ridiculous...with black and white...

cursing and swearing other...a hopless man...who got no shame..

richtan...you really want it..if you dont mind..

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I find it is too tiring n energy-zapping to be drawn into an argument with u, I rather spend tat time more fruitfully in my trading n my daily live.

Al I can say is "lets share a common space n stop belittling others", no need to prove others wrong, to err is human.

cheongwee ( Date: 14-Sep-2009 10:53) Posted:

richtan...i did not said every trade...it is you who said it....i said 70% of the time..pls dont anyhow quote ppl...just like you dont like ppl to anyhow rate your post.. ,,,you already admit your TA is 50/50...so??? your eye something wrong???read the wrong post???

furthermore...u can quote confucious..saying do to other as u like other to do unto you...you are plain bullshit and hopless guy...truly..

if forumer here dont agree. i can prove to you all....this guy is hoplessly sensitve and ridiculous...with black and white...

cursing and swearing other...a hopless man...who got no shame..

richtan...you really want it..if you dont mind..

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Did I ever quote your name specifically tat u are 100% accurate, if yes, then, my apology.

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I fully agree with u tat no one can be 100% accurate except saintly person.

Frankly, it does not need to be a saint to be correct n make money on almost any counter (except maybe a few), chances of making money is extremely high not bcos tat person is 100% correct in every of his/her trades during the period from Mar to now as the general mkt is bullish during this period.

MsAloevera ( Date: 14-Sep-2009 09:41) Posted:

No one can be right 100% of the time, somebody thk and predict today will be a good day... and today have a bad start... now to Zzz...

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I fully agree with u tat no one can be 100% accurate except saintly person.

keepnosecrets ( Date: 14-Sep-2009 10:09) Posted:

Currently I don't think there is sufficient data or information to point to the economy about to go double-dip recession. The basic strength of the market is there and it will have to build a base/support area for the next move. Naturally the next move could be more inclined towards improving economy rather than making it bad. So personally, I believe any downward moves can only be corrections of major moves that we saw for two quarters already, March to September 2009. Nobody can be 100 percent accurate, but forecasts are mere forecasts which we hope can happen! Cheers..

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If u are an Elliot wave expert, u will also know tat there is always an alternative wave count, even Elliot wave is not saintly, it also cant commit whther it will be bullish or bearish.

richtan ( Date: 14-Sep-2009 09:50) Posted:

i trade n decide the next day action on my stocks based on my interpretation of the EOD candles, emas n other indicators n TA have no saintly attributes to foretell the far future whether bullish or bearish but all I can say at this point in time is tat the STI's emas are all uptrending but tat does not guarantee tat there will be no corrections or the trend will not change i future, thus why it is important to "set stop-losses" n Trade What You See, Not What You Hear (see the charts).

kellychang ( Date: 14-Sep-2009 09:39) Posted:

welll richtan..then based on your chart? bullish or bearish now?

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i trade n decide the next day action on my stocks based on my interpretation of the EOD candles, emas n other indicators n TA have no saintly attributes to foretell the far future whether bullish or bearish but all I can say at this point in time is tat the STI's emas are all uptrending but tat does not guarantee tat there will be no corrections or the trend will not change i future, thus why it is important to "set stop-losses" n Trade What You See, Not What You Hear (see the charts).

kellychang ( Date: 14-Sep-2009 09:39) Posted:

welll richtan..then based on your chart? bullish or bearish now?

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Many thanks for your frank assessment n support n recognising my efforts in analysing n posting things tat are tangible, I agree tat I m no saints, so my analysis is never 100% right as also I m frank n upfront to say tat I m no saints n TA is not infallible but if I abide by my 3 golden mantras of which one is "Cut losses short n let profits run with trailing stops", my net profits more than cover my losses n I m happy enuf, so it is up to individual to decide to follow the saint or a mere mortal like me with no saintly attributes as I said dyodd n BOSAYOR

keepnosecrets ( Date: 14-Sep-2009 09:06) Posted:

Both of you have your points. But I believe Rich Tan is more down to earth, more straight forward and what he said or is saying is more "acceptable" because you can see his charts and the tools he uses. His interpretations might not be 100 per cent, but at least it is tangible and "legible". Whereas CW can say this and say that and you have to blindly follow if you want to follow, i.e. But if you don't want to follow it is ok with her.

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I m glad for u on attaining a saintly status "making money on every trades, frankly unbelievable", u must be the smartest n best trader, better than Warren Buffet, Jim Rogers, Oei Hong Leong, blah... blah... blah... but no point debating, u have your beliefs while oyhers have their beliefs, so it is best to live in harmony just as our PM said about religious harmony, so dun criticise n belittle others n debase others as 50/50 but keep glorifying your own beliefs.

If u dun share other's beliefs, jsut ignore n dun read but dun criticise it as there are others whom believe in it n will want to read.

As Confucious said: "Dun do onto others wat u dun want others to do unto u"

cheongwee ( Date: 14-Sep-2009 01:32) Posted:

kellychang...u really did check my previous post to convince that my call are all mostly quite accurate, right??..and u agree it is "chun"..thanks ,but i am not flatter, just so...becos i know wat i am doing...

so now you are convince, but that is no luck, if you are right twice, you are lucky, but if you are right 70% of the time, you call that luck.??well it u want to , up to u.....

but since ppl like to call it luck or whatever, it is up to them....but i still dont agree on 50/50 chance, it is like gambling...i am not against the use of whatever method, or argue to win for that sake...

in the end, it is winning trade that count, and using something that give 50/50, will never achieve what i have achieve so far,,,you can check my post for your reference.again....i am not showing off...but why throw your chance to the wind..

i am going for operation, if my doctor tell me ...cheongwee,,it is 50/50....i say leave me lone...at least i still can live awhile, better than operate on 50/50..dont you agree??

FREE THINGS IS ALWAYS GOOD, BUT GOOD THINGS IS NEVER ALWAYS FREE!!!

i will continue on the next post....

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Yup, I fully agree with u.

ozone2002 ( Date: 13-Sep-2009 18:29) Posted:

Midas technical indicators are trending up..

good bullish sign..

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HLJHLJ ( Date: 13-Sep-2009 16:46) Posted:

Both of you all are good! Like kungfu from Emei and Shaolin. LOL..

Just impart more "kungfu" to newbies like us...so that we can be like GuoJin or Yangguo.

richtan ( Date: 12-Sep-2009 22:54) Posted:

Well, no point debating, u have your beliefs as well as TA practitioner have their beliefs, so it is best to live in harmony just as our PM said about religious harmony, so dun criticise n belittle others n debase others but glorify your own beliefs.

If u dun believe in TA, jsut ignore n dun read but dun criticise it as there are others whom believe in TA will want to read.

As Confucious said: "Dun do onto others wat u dun want others to do unto u"

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Well, no point debating, u have your beliefs as well as TA practitioner have their beliefs, so it is best to live in harmony just as our PM said about religious harmony, so dun criticise n belittle others n debase others but glorify your own beliefs.

If u dun believe in TA, jsut ignore n dun read but dun criticise it as there are others whom believe in TA will want to read.

As Confucious said: "Dun do onto others wat u dun want others to do unto u"

richtan ( Date: 12-Sep-2009 22:49) Posted:

I m happy for u tat u amke money with your trading method, but plse dun belittle or debase others just to glorify your trading method, likewise a TA practitioner will argue tat their TA method is better, so to each his own.

As our PM said, lets share a common space, practice tolerance n respect for each other's method just as in religion, mutual co-existence, we dun go around arguing with people of other faiths, tat "oh my religion is better than your religion, my GOD is more almighty than yours"

cheongwee ( Date: 12-Sep-2009 02:37) Posted:

It is not truth...my trading method is better than TA..i dont throw to the wind....

i call a sell on tiong woon and li heng correctly...look at li heng sold 40c

look at tiong woon,,,sold 81c...but this one still got power..hanging on..i want to see how long..if it is for real i might get back in, but now it is a bit tricky..i will sideline..i am patient..

SAR sold.. 213..208..not far off...i dont thk i can do so well withTA...

abv, no bullshit..i can find my post and paste here for all to see....if u want..

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I m happy for u tat u amke money with your trading method, but plse dun belittle or debase others just to glorify your trading method, likewise a TA practitioner will argue tat their TA method is better, so to each his own.

As our PM said, lets share a common space, practice tolerance n respect for each other's method just as in religion, mutual co-existence, we dun go around arguing with people of other faiths, tat "oh my religion is better than your religion, my GOD is more almighty than yours"

cheongwee ( Date: 12-Sep-2009 02:37) Posted:

It is not truth...my trading method is better than TA..i dont throw to the wind....

i call a sell on tiong woon and li heng correctly...look at li heng sold 40c

look at tiong woon,,,sold 81c...but this one still got power..hanging on..i want to see how long..if it is for real i might get back in, but now it is a bit tricky..i will sideline..i am patient..

SAR sold.. 213..208..not far off...i dont thk i can do so well withTA...

abv, no bullshit..i can find my post and paste here for all to see....if u want..

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Hi thomas,

No I dun use any automated trading platform, as I believe nothing can beats the human judgement element no matter how much artificiai intelligence is built-in as chart analysis is a very complex thing with many possible scenarios n possibilities tat cannot all be covered by the automated program. I firmly believe there is no easy way out in trading, no short-cut to success in life.

thomas_low ( Date: 12-Sep-2009 21:41) Posted:

Hi Richie, do you use any automated programmable trading platform? I am looking for some recommendation of such products. Poems Pro Trader is not good enough, need something which I can set to track index and trend and recognise and place order automatically.