Hi pilotfish,

Just to share with u my chart posting below.

Thanks richtan

Ya, Got to profit profit as well. Sign of weakness has shown though price may increase.

Just my view

Hi pilotfish,

Congrats to your profit-taking.

Nothing wrong to take profit as long as u are satisfied.

But for me, I always remember by heart n abide by my 3 golden mantras, one of which is:

"Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to

cover all those lossing trades n yet make net profits.

pilotfish      ( Date: 31-Jul-2009 09:16) Posted: Exit for a sweet profit... Well done AUsgroup ... pilotfish      ( Date: 09-Jul-2009 08:36) Posted: Outlook for AUSgroup Previously negative for this counter. Now turn positive. No sign of buying signal yet... See chart: (for reference only)

Exit for a sweet profit...

Well done AUsgroup ...

pilotfish      ( Date: 09-Jul-2009 08:36) Posted: Outlook for AUSgroup Previously negative for this counter. Now turn positive. No sign of buying signal yet... See chart: (for reference only)

Hi techsys,

Basically Ausgroup has got very good FA, but remember tat besides FA,

mkt at most times move based on sentiments n chart breakouts of supprt n resistance and chart patterns.

Hi richtan,

I am agree with you.    No doubt about that on TA-wize. Now I'm searching news that will support that movement.

richtan      ( Date: 30-Jul-2009 11:30) Posted: Hi techsys, There is a bullish flag continuation pattern, see my chart posting right below yours. This is my observation, so dyodd. techsys      ( Date: 30-Jul-2009 11:23) Posted: Here is my view :) .. just sharing.   Base on TA, It still have space to grow.  But it's near an "invisible" resistance.  The next I use to do is look for fundamental.  It there is good news, it's a good counter to park money in.

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting).

richtan      ( Date: 30-Jul-2009 09:33) Posted: Below is my daily 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.

Hi techsys,

There is a bullish flag continuation pattern, see my chart posting right below yours.

This is my observation, so dyodd.

techsys      ( Date: 30-Jul-2009 11:23) Posted: Here is my view :) .. just sharing.   Base on TA, It still have space to grow.  But it's near an "invisible" resistance.  The next I use to do is look for fundamental.  It there is good news, it's a good counter to park money in.

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.

Rich, how do you decide when to sell? I always caught in a situation either sell too early or too late. Appreciate your sharing.

Hi ozone2002,

Sto is more meant for range-bound or consoliadtion trading, for trending stocks, I would look at MACD histogram and RSI but also be careful for RSI, as I had mentioned b4, wat is overbot can be even more ob n vice-versa, look for the cutting up of the 30% line and cutting-down of the 70% line for buy n sell respectively.