ShareJunction - Member Posts

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Re-paste, as dun know why the forum page shows show much problematic "ghost-image" of past postings overlapping with the subsequent posting.

Patience has its virtues.

Congrats especially to those who followed my past postings and chart analysis and dared to buy when it

presents many good opportunities when it bounced off the 15ema and 25ema

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

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.

I have moved up my stop (trailing stops) to today's low at 0.705, ie if Mon it closes below today's EOD, the next day (Tues), I will exit for sure, if it later goes up again, so be it.

The above is just my opinion, so dyodd n BOSAYOR.

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"Time & Sales" shows heavy buy-up (4429 lots) at closing:

5GJ (AusGroup)

DAY HIGH : 0.750	NET CHANGE : 0.030	TOTAL VALUE : 27,186,235
DAY LOW : 0.705	LAST DONE : 0.750	VOLUME : 37,317

< />

Time	Last	Vol	Buy/Sell
17:05:01	0.750	4,429	S
16:59:58	0.745	10	B
16:59:56	0.745	25	B
16:59:54	0.745	200	B
16:59:51	0.745	20	B
16:59:49	0.745	20	B
16:59:46	0.750	5	S
16:59:45	0.745	70	B
16:59:37	0.745	15	B
16:59:34	0.745	10	B
16:59:33	0.745	10	B
16:59:30	0.745	10	B
16:59:27	0.745	10	B
16:59:23	0.745	5	B
16:59:23	0.745	1	B
16:59:21	0.745	50	B
16:59:18	0.745	11	B
16:59:16	0.745	10	B
16:59:15	0.745	120	B
16:59:12	0.745	15	B

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Patience has its virtues.

Congrats especially to those who followed my past postings and chart analysis and dared to buy when it

presents many good opportunities when it bounced off the 15ema and 25ema

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

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.

I have moved up my stop (trailing stops) to today's low at 0.705, ie if Mon it closes below today's EOD, the next day (Tues), I will exit for sure, if it later goes up again, so be it.

The above is just my opinion, so dyodd n BOSAYOR.

richtan ( Date: 28-Aug-2009 11:49) Posted:

Ooops, so sorry, forgot to revise my stop-loss in earlier post after Wed big run-up.

My exit point agrees with Kim Eng as I set it at half of Wed high-low range, ie if it close below half the range.

richtan ( Date: 28-Aug-2009 11:27) Posted:

From Kim Eng:

AusGroup – Broke above key resistance of $0.66 and poised to take out next short term target of $0.82

AusGroup hit a 52‐week high with a white candle breakout above the key resistance level at $0.66 yesterday.

The move was accompanied by a significant expansion in volume, with RSI persistently holding above the 50 mark
over the past 30 days.

Directional Movement Indices are also turning positive, laying the ground for further upside.

The stock is likely to test the next resistance level at $0.82 in the near term.

Recommend buy with stop‐loss below $0.67. (agree with my stop-loss, see my earlier post, but dyodd)

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Did a search "Free Download Chinese songs", found many links, but yet to try it out, eg

http://www.chinese-tools.com/songs

http://limewire.com/

http://www.bearshare.com/

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Take a look also at my earlier posting on the "long-term" chart, but again, I may be wrong, so dyodd n BOSAYOR.

If u are new to trading, read my advice below:

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 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"

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 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, I rather save the money to trade and multiply it.

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"

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"

richtan ( Date: 28-Aug-2009 11:57) Posted:

Many thanks for your compliments, but I may also be wrong at times, so dyodd n BOSAYOR.

See my earlier chart posting, basically no change in my analysis, so I dun post everyday or I might also not post depending on my time availabilty

sb020202 ( Date: 28-Aug-2009 11:48) Posted:

Richtan

I was extremely impressed by your Trend Analysis and your faith in the analysis on Ausgroup. I look forward to your comprehensive analysis on Midas.

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Many thanks for your compliments, but I may also be wrong at times, so dyodd n BOSAYOR.

See my earlier chart posting, basically no change in my analysis, so I dun post everyday or I might also not post depending on my time availabilty

sb020202 ( Date: 28-Aug-2009 11:48) Posted:

Richtan

I was extremely impressed by your Trend Analysis and your faith in the analysis on Ausgroup. I look forward to your comprehensive analysis on Midas.

richtan ( Date: 28-Aug-2009 11:07) Posted:

Ya lor, maybe should change to "kiasutrader" la

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It may or may not consolidate b4 the next charge up but in case it did not charge up, set your stop-loss and exit the next day based on EOD data.

Above is just my exit strategy, so dyodd n BOSAYOR

bennykusman ( Date: 28-Aug-2009 09:52) Posted:

i think ausgroup lose its strength ald ?

bennykusman ( Date: 27-Aug-2009 15:37) Posted:

so exit signal is in front of the eyes

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Ooops, so sorry, forgot to revise my stop-loss in earlier post after Wed big run-up.

My exit point agrees with Kim Eng as I set it at half of Wed high-low range, ie if it close below half the range.

richtan ( Date: 28-Aug-2009 11:27) Posted:

From Kim Eng:

AusGroup – Broke above key resistance of $0.66 and poised to take out next short term target of $0.82

AusGroup hit a 52‐week high with a white candle breakout above the key resistance level at $0.66 yesterday.

The move was accompanied by a significant expansion in volume, with RSI persistently holding above the 50 mark
over the past 30 days.

Directional Movement Indices are also turning positive, laying the ground for further upside.

The stock is likely to test the next resistance level at $0.82 in the near term.

Recommend buy with stop‐loss below $0.67. (agree with my stop-loss, see my earlier post, but dyodd)

bennykusman ( Date: 27-Aug-2009 15:37) Posted:

so exit signal is in front of the eyes

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From Kim Eng:

AusGroup – Broke above key resistance of $0.66 and poised to take out next short term target of $0.82

AusGroup hit a 52‐week high with a white candle breakout above the key resistance level at $0.66 yesterday.

The move was accompanied by a significant expansion in volume, with RSI persistently holding above the 50 mark
over the past 30 days.

Directional Movement Indices are also turning positive, laying the ground for further upside.

The stock is likely to test the next resistance level at $0.82 in the near term.

Recommend buy with stop‐loss below $0.67. (agree with my stop-loss, see my earlier post, but dyodd)

bennykusman ( Date: 27-Aug-2009 15:37) Posted:

so exit signal is in front of the eyes ?

richtan ( Date: 27-Aug-2009 15:31) Posted:

Do not be too eager-beaver to take profit, remember, the 3rd golden mantra:

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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Hi,

Does anybody knows where to get "Free Download for Chinese mp3 songs" to pc

Thanks

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Ya lor, maybe should change to "kiasutrader" lar

ronleech ( Date: 28-Aug-2009 09:31) Posted:

Dun live up to your nic as a "risktaker" leh....kekeke....

risktaker ( Date: 27-Aug-2009 18:08) Posted:

I am looking to buy this baby @ $0.82 - to me thats the real support.

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Dun get wat u mean by "O-U-Ken power breakout.. "

ozone2002 ( Date: 28-Aug-2009 09:37) Posted:

Midas consolidating for damn damn long..

watch out for the O-U-Ken power breakout..

Akan datang..

DYODD

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Looks like u r missing the choo-choo train!! Smiley

risktaker ( Date: 27-Aug-2009 18:08) Posted:

I am looking to buy this baby @ $0.82 - to me thats the real support.

richtan ( Date: 27-Aug-2009 15:45) Posted:

Noticed tat Midas train had moved up by one gear, support moved up from 25ema to 15ema.

All the emas are uptrending and intact.

Shortists can at most tickle the daily price gyrations to incite fears but do not have tat super-natural powers to derail this train unless Midas fundamentals changed or something unfortunate happens, touch wood.

If Midas FA changed or something untowards happen, I will not hesitate to exit and abandon the train.

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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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How to Grab Significant Short-Term Profits From Technical Trading

by Mark Skousen, Advisory Panelist

Highlights in this issue:

Why you should add a few technical tools to your investment arsenal.

How to gauge investor sentiment, "tech-style."

These two effective technical indicators point to three investments.

Dear Investment U Reader,

"The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out." ~ Alexander Green

In the August 14 Investment U issue - "Why Most Investment Systems Simply Don't Work" - Alexander Green urged you to stick with the tried-and-true method of fundamental analysis.

He did so using this mantra: "There is only one thing that dictates where a stock will go: earnings."

I agree that earnings are the ultimate determinant of stock prices in the long run. But that's not the only way to gauge where a stock is headed next.

I firmly believe that technical analysis - volume, trading patterns and historical trends - can enhance your returns tremendously and can keep you out of trouble in many cases. Here's why...

How an Earnings-Based Investment Model Crippled Bank of America Buyers

The problem with taking a straight earnings approach to investing is that stock prices aren't determined by current or past earnings, but by future earnings in relation to the current price.

Throughout the past decade, for example, earnings looked great for Bank of America (NYSE: BAC). In June 2008, it earned a record $3 billion. You'd have made a bundle of money investing in BAC during the new millennium. Factoring in rising dividends, stock splits and share price appreciation, you'd have tripled your money.

But over the next year, Bank of America's earnings plummeted, and by the end of 2008 it had lost $2.3 billion. The stock followed, collapsing from $50 to under $3 a share, wiping out all of the previous eight years' worth of profits (although the stock has since rebounded to $17 a share).

By time the bank announced a sharp drop in earnings, the price was way down - and investors who bought based on earnings had lost their shirts.

So how does one anticipate an earnings collapse like that?

Use Technical Analysis to Prevent Pain - And Profit

Needless to say, sound economic analysis doesn't hurt. Many economists (including our own Alex Green) predicted a real estate collapse and the subsequent financial trouble.

But using technical and historical trend analysis can also prove extremely helpful in improving your investment results.

For example, many technical analysts have fared extremely well over the past decade (and more), using chart patterns, volume and historical trends. And investors like Bert Dohmen, Jim Dines and Dennis Slothower profited from major trends in commodities, stocks and foreign currency, while avoiding most of the financial crises in 2008, because they used an advanced version of technical analysis.

Here are two other simple tools that have proven very effective...

The 200-Day Moving Average: Developed by Doug Fabian and his father Dick, this system has worked well for over 40 years, with only a few whipsaws. It was effective in both keeping investors out of the market during 2008 and getting them back into the market now.

The New Highs/New Lows Index: This divides the number of stocks hitting new highs each day by the number of stocks hitting new lows. I've illustrated this on the red line in the chart below and it has worked especially well over the years.

If you used these two technical tools together, you'd have got out the stock market in October 2007 and not re-entered until April this year - without being whipsawed back into the market. Not bad.

Technical Analysis - Using Moving Day Averages & New High/Lows Index

Chart: http://www.investmentu.com/images/iu082709chart.gif

Gauging Investor Sentiment... Tech-Style

Put simply, technical analysis isn't a crystal ball, but it's a good way to measure the psychology of the market.

When new highs and new lows are at all-time highs, it suggests a strong bullish trend. Conversely, if the indicator is at an all-time low, it signals incredible pessimism.

The new highs/new lows indicator gave a sell signal in October 2007 and a buy signal in April 2009 it's still bullish.

According to the chart, the market is headed higher, so investors should consider several choices...

Buy an ETF (exchange-traded fund) such as SPDRs (NYSE: SPY), which tracks the price and yield performance of the S&P 500 index.

Buy a five-star, no-load mutual fund such as the Janus Triton Fund (JATTX).

Buy individual stocks, such as Bank of America (NYSE: BAC).

Of course, technical traders use a variety of ratios, indicators and charting patterns to make their buying and selling decisions. Their systems are never perfect because human action is not always predictable, but human behavior and the herd instincts are sometimes quite apparent and experienced traders can make a great deal of money and avoid the worst of bear markets.

Good trading - AEIOU,

Mark Skousen

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DOW may test the previous resistance at 9400 as support, if it fails, next support likely at 9130 (previous support)

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I really wished u the best of luck as at 82, the long-term trend at 65ema is still up.

For me I m mid to long-term, not short-term trader, as long as it if it breaks below 65ema for 2 continuous days n the 3rd day if there is no reversal sign or bullish harami, I will exit.

risktaker ( Date: 27-Aug-2009 18:08) Posted:

I am looking to buy this baby @ $0.82 - to me thats the real support.

richtan ( Date: 27-Aug-2009 15:45) Posted:

Noticed tat Midas train had moved up by one gear, support moved up from 25ema to 15ema.

All the emas are uptrending and intact.

Shortists can at most tickle the daily price gyrations to incite fears but do not have tat super-natural powers to derail this train unless Midas fundamentals changed or something unfortunate happens, touch wood.

If Midas FA changed or something untowards happen, I will not hesitate to exit and abandon the train.

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STI is just a small fry, tends to follow the worst case scenario, how to lead!!

ronleech ( Date: 27-Aug-2009 16:07) Posted:

STI to lead HSI/SSE? Not even KLCI pal....STI is just a boneless snake....sometime it take a bite, but dont expect it to sollow.....

m0shii ( Date: 27-Aug-2009 15:17) Posted:

will sti lead the others HSI/KLCI/SSE to turn green or it stand alone??

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