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| 04-Sep-2009 23:06 |
Midas
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Midas
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From OCBC Investment Research: Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"
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| 04-Sep-2009 23:01 |
Midas
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Midas
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Hi Benny, I believe u r new to trading. 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. Take your time to read and learn, dun rush, remember "Rome was not built in one day" 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, search the forum for "tinypic.com"
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| 04-Sep-2009 22:50 |
Midas
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Midas
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Hi benny, As there is not much change as it is consolidating around the 50ema n centreline of the uptrending channel, so I dun post, u can take a look at my previous chart,
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| 04-Sep-2009 22:45 |
Midas
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Midas
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Look around, Midas is not the only programmed counter, there are many others too. Trading is like fishing, needs patience for the big fish to bite.
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| 04-Sep-2009 22:41 |
Midas
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Midas
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This is the accumulation phase, so patience has its virtue, this is a test of your patience. Those who are patience will be amply rewarded. I m a hermit, I hate to enter a crowded breathless room, Midas train still not yet crowded, so very cool n comfy, waiting for the show to start but once the crowds starts coming in, I will start to feel uncomfortable, waiting for sign to exit.
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| 04-Sep-2009 14:41 |
Others
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Market News that affect STI
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Global Stocks Seen Avoiding ‘Meaningful Pullback’: Chart of Day By David Wilson Sept. 3 (Bloomberg) -- Anyone hoping for a “truly meaningful pullback” in stocks that would give them a chance to find bargains is likely to be disappointed, according to Robert Buckland, Citigroup Inc.’s global strategist. The CHART OF THE DAY compares the advance in MSCI Inc.’s All Country World Index since March 9, when the benchmark fell to a 14-year low, with rallies from bear-market bottoms set in March 2003, October 1998, September 1990, August 1982 and May 1970. Buckland had a similar chart in a report yesterday. This year’s rebound is the sharpest of the six. The All Country World, tracking developed and emerging markets, climbed 56 percent through yesterday. Earlier gains during the same time period ranged from 11 percent to 33 percent, as the chart shows. Stocks may keep rising for some time even though Citigroup economists and strategists have identified several risks to the rally, Buckland wrote. The threats include premature tightening of fiscal and monetary policy, weakness in the global financial system, earnings shortfalls and concern that prices may be too high relative to earnings and other criteria. History suggests that any decline, should one occur, won’t approach the 20 percent threshold often used for a bear market, the report said. Losses in the first two years after recession- driven setbacks have averaged 7.4 percent since 1970, according to Buckland. The chart uses the MSCI World Index, limited to developed markets, for the 1970 and 1982 rallies. Bloomberg’s data on the All Country gauge begins in 1988. (To save a copy of the chart, click here.) To contact the reporter on this story: David Wilson in New York at dwilson@bloomberg.net Last Updated: September 3, 2009 11:39 EDT |
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| 04-Sep-2009 14:35 |
Midas
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Midas
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 U r most welcome.
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| 04-Sep-2009 14:24 |
Genting Sing
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GenSp starts to move up again
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Thks
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| 04-Sep-2009 14:06 |
Genting Sing
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GenSp starts to move up again
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Aiyah, all these is known as "pump n dump" mah
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| 04-Sep-2009 14:04 |
Genting Sing
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GenSp starts to move up again
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Kindly plse translate to English, too chim aredi. Thks
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| 04-Sep-2009 12:53 |
RafflesEdu
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Rebound Soon
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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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| 04-Sep-2009 12:52 |
Others
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lacks idea. do this
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See my chart posting in Raffles Ed, jfyi, dyodd n BOSAYOR.
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| 04-Sep-2009 11:58 |
Genting Sing
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GenSp starts to move up again
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Have u ever heard of catching a falling knife.
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| 04-Sep-2009 10:50 |
Midas
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Midas
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Since u r new, if u r serious about making money (of course, bound to have some losses here n there) from trading, my advice (whether to listen or not is up to u) is to read up the 3 threads I purposely created with newbies in mind n learn TA, it will stand u in good stead.
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| 04-Sep-2009 10:46 |
Midas
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Midas
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It is a futile effort as the FA n long-term trend tat prevails, all tat r just daily noises. Unless FA of Midas changed n turned for the worse or world goes into another crisis n the long term trend turns down, then tat is a cause for concern. In any case, it is good to know how to spot reversal candlesticks n pattern n trade accordingly as this will give early warning signs even b4 the long term trend changed.
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| 04-Sep-2009 10:37 |
Midas
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Midas
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Hi maseratiq, There is no point arguing over trading strategy, it is a matter of individaul mindset and whether how knowledgeable they are, obviously your this friend knows nuts about TA n the 3 golden mantras which I abide n ingrained in my brain: (1) Remember, the trend is your friend, never, never go against the trend, we need to know the short-term, mid-term n long term trend n trade accordingly (2) Plan your trade n trade your plan, which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade (3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.
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| 04-Sep-2009 10:23 |
Midas
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Midas
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Hi edskh78, Yes, u r right on, it is a psychological mind game they r playing with the unknowledgeable. Dun mind my asking r u new to trading. 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. 3. "Advices to newbies" particular the 3 golden mantras. Take your time to read and learn, dun rush, remember "Rome was not built in one day" 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, search the forum for "tinypic.com"
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| 04-Sep-2009 10:09 |
Midas
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Midas
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Yes, imo, good for u as the mid to long term trend is still up. The trend is only not your friend if u r affected emotionally by the day to day price fluctuations or contra or short-term player.
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| 04-Sep-2009 09:59 |
Midas
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Midas
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Read this from http://rmao.net/forum/Re: Programmed 1 lotter distribution
Let me cite an example to help out in understanding.
For example, I am a fund manager and I need to collect XX lots of a counter today at a certain price.
So I will place a buy q probably matching or slightly less than the sell q size (to create illusion that bears are stronger).
Let's say 300 lots.
I will then start my 1 lot sell down program. Effectively, I'm selling into my own buy q.
The purpose of this sell down program will create the illusion that some one is selling down. Weak and kan keong holders will starts to sell down to my buy q.
Let's say my program sell down will selldown 1 lot every min. So in 1 hour I will sell back myself 60 lots and effectively collect 240 lots, assuming my buy q gets snapped up fully or exhausted.
Now you will observe most selldown program upon nearing the buy q exhausted soon, the buy q will most of the time be miraculously replenished with small amounts slowly. Sometimes the collector will allow it to fully retrace from previous collection point and collect at 1 bid down also.
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| 04-Sep-2009 09:54 |
Midas
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Midas
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Tat depends on which trend u see, if u r looking at the short-term trend,15ema n 30ema, then it is not your friend, but if u r looking at mid to long-term above 30ema n weekly chart, then, it is your friend.
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