Afternoon "might also" be very green. Anybody's guess. Also be equally careful.

Anyway, doesn't really matters whether today green or red, this are just noises, doesn't negate Midas strong FA and mid to long-term trend.

What is my key words in my post ?

"BB wanted to Sell Higher"

Hi,

TA means Technical Analysis. See my advice and reply below to another forumer also new to TA

Hi scyiptw,

All these are lagging indicators, the leading indicators are the candles and its pattern, when the candles go up, it will pull up all these lagging indicators, so 1st priority is to look at the candle, its pattern, the ema and the trend, the trend is your friend.

Divergence is drawn from peak to peak not by the look of the slope, in any case, the gap between the blue and red line is narrowing and the blue line is hooking upwards.

Look at the chart and u will notice tat it is riding on the 15ema and trending up with the 25ema n 65ema.

It may have corrections in between but the trend as shown by the 65ema is trending upwards.- the trend is your friend.

Just look at any stock charts and u will notice tat stocks dun go up in one straight line, bound to have profit-taking,

corrections and consolidation.

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"

Hi richtan,

From the daily chart, it seems that Midas is loosing momentum since the 10d ROC & Momentum is pointing downward, as well as there is a divergence on the MACD slope. My personal opinion is that it might be trading between 0.83-0.88 in the near term.  I am new to TA, please correct me if I am wrong.

My advice is never to "think" ie pre-empt the mkt during the trading intraday, let the mkt tells u by the EOD data and plan the next day action.

This is from my peronal experience from all these years of trading n review of my mistakes made as I strive to hone and sharpen my trading skills