Only those with "genuine??" divine powers will be able to tell u by when, n dun believe them. stay far, far away from them.

To succeed in trading, I always said:

"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"

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"
 
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"

Dear Friends,

There is little downside for Midas which is poised to move up along with the slew of announcements of new contracts coming soon.  Just accumulate and let it grow !  Take profit when it touches $1 and buy on weakness again

rachael      ( Date: 26-Aug-2009 12:55) Posted: Ha....Ha..., Richtan, I was also about to sell off some of my Midas shares to spread to spread my risk  to another counter  but held back when  my broker told me that there is an equal number of buyer. richtan      ( Date: 26-Aug-2009 12:30) Posted: Trade Summary shows huge buy-up: 5EN (MIDAS)  WEIGHTED AVG PRICE :  0.8680   LAST DONE PRICE :  0.870   SPREAD/PRICE RATIO :  0.0057   AVG TRADE SIZE :  38.33  < /> Last Trades Vol BuyVol Mid SellVol 0.845 3 27 27 0 0 0.850 65 1,770 1,064 0 706 0.855 19 1,143 10 0 1,133 0.860 25 1,565 0 0 1,565 0.865 32 1,714 545 0 1,169 0.870 155 5,355 1,912 0 3,443 0.872 1 40 0 40 0 0.875 177 6,291 3,903 0 2,388 0.880 14 915 0 0 915 TOTAL 491 18,820 7,461 40 11,319

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.

Reminds me of my Golden mantra number 3:

(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.

Let the mkt speak for itself, unless u hv divine power.

Wat if it continues to go up, those who heed your call will curse u like mad

Anyway, dun read and follow blindly or  listen deafly, dyodd n BOSAYOR

risktaker      ( Date: 26-Aug-2009 10:51) Posted: if u take profit now u win. Afternoon it "might" drop ..... if u want reasons. U can PM once it drop. richtan      ( Date: 26-Aug-2009 10:45) Posted:       Patience has its virtues and proves all those naysayers tat bad-mouthed Midas wrong.  Volume had exceeded yesterday's volume within less than 2 hours of trade and Trade Summary shows heavy buy-up. Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema. Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami

Dun chase now, then when?? Is it till it hit grossly overbought condition like Genting, which iswaiting for musical chairs to stop.

Reminds me of the "Greater Fool Theory" n "Irrational Exuberance" 

Every cloud has its silver lining, every dog has its day.

Patience has its virtue, better than chasing those risky "hot potatoes" like Genting

Let the mkt speak for itself, unless u hv divine power.

Wat if it continues to go up, those who heed your call will curse u like mad

Anyway, dun read and follow blindly or  listen deafly, dyodd n BOSAYOR