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TA
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singaporegal
Supreme |
28-Oct-2006 17:32
Yells: "Female TA nut" |
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BULLBEAR is rite... TA and FA are just tools. The market is dynamic and ever changing. Tools help us make sense of our environment. I feel that what is more important is actually the trading psychology. Very often, its not that tool that causes one to lose money but one's emotions - fear and greed. Happens to all of us, including me! |
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Sporeguy
Elite |
28-Oct-2006 16:07
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Pls note that the crest of the RSI for SembMar broke the declining trend of the all the crests of the RSI in beginning of Oct 2006. So it is on the uptrend now as 2 subsequent crests of RSI is higher than the crest that broke the downward trend. AS for MA crossover, Ma 13 vs MA34 is quite clear that SembMar is on the uptrend. |
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puntit
Member |
28-Oct-2006 15:33
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Hi BullBear, Nice to have you around here. I am sure many here will benefit from your trading experience and knowldege. :) |
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Sporeguy
Elite |
28-Oct-2006 15:28
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SembMarine is on the 5th wave and may reach $3.96. |
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BULLBEAR
Member |
28-Oct-2006 14:30
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Thanks for your frank reply. I've been investing since 1992 -94 and stopped for 7 years before picking it up on 2003 again. Looking back on my trading history, I wouldn't say I'm very succesful, but I managed to chalked up some gains, about 10-12%. But on hindsight, I should have made even more if I were to be more patient on the stocks I choosen. (Quite frankly, my stock selection was not too bad.). I read into financials of the stock and do some homework before I invest, and I only buy into the stock which I'm familiar with. And like you, I have great passion for investment and commerce stuff, may be due to my background training. Hope that we all learn together in this era, and good luck to all Sharejunction traders! |
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singaporegal
Supreme |
28-Oct-2006 14:08
Yells: "Female TA nut" |
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Hi rougue_trader, Here's my interpretation of SembMar - (1) Bollinger Bands: Sharp price change going to occur soon. (Same as you) |
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rogue_trader
Master |
27-Oct-2006 23:25
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Hi BullBear, thanks for your advise. To be frank with you, I learn TA is because I wanted to enhance my portfolio and curiousity. I loved to study but can't proceed further due to lack of funds and no family support. I paid my own fees since Primary 6 and I chosed a wrong course when I was doing my diploma in SP. It was only when I started working then I realised what I really wanted to pursue: economics. Which is why I decided to made up for my loss of passion by trading actively to pick up whatever experience I can. Currently, I am a 2 month old TA and I realised that I won't be relying on TA to pick up stocks for long positions (more than 3 years) as in my own opinions, I realised that TA is more for 6 - 12 months counters. I used to be a "aggressive" contrarian but realised that I can't pick up much experience. Bt TA is quite useful if I want to add-on to my portfolio. And most markets are sentiments-driven which I agreed to you that any major event can wipe out any good stocks. Thanks and good luck to your investing. |
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BULLBEAR
Member |
27-Oct-2006 23:01
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Hi Rougue_trader,u seems 2 be very interested in TA.One advice:FA,TA at most are only tools to help u understand the stock u r investing.It cannot be seen as a means to an end - ie.isolation. In this current market, almost all stocks with good fundamentals will shine. And with STI trending higher and higher, prices of blue chips will reach their optimum level and trading at a very high PE. You need to look at many factors: Such as whether u r investing for short term, medium term or long term, whether sentiment is still intact, growth of the stock, econonmic environment , inductry sector etc..In a nutshell, if the market is to be affected by any major event in the world or a particular industry segment, it will hurt you stock that u r investing, even it has good TA or FA, all that will have to be thrown. However, having said that, it is good to arm with more tools in the investing arena, it will help u to make an informed decision, just 2 cts worth of my thought. |
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rogue_trader
Master |
27-Oct-2006 22:28
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Hi All TAs, Need all of your advise on a TA that I did for SembMar. Pls do pardon me as I am very new to TA. Bollinger Bands: Sharp price change going to occur soon. MA Crossover: Signs of uptrending A/D Line: Correction soon Chaikin: Correction soon Pls guide me along, thanks a million |
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Sporeguy
Elite |
27-Oct-2006 22:04
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It is the fibonnacci ratio (SQRT(5)+1)/2 which is 1.618 for upward wave in bull market and (SQRT(5)-1)/2 which is 0.618 for downward wave in bull market. |
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rogue_trader
Master |
27-Oct-2006 21:57
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Hi Sporeguy, how do you derived the figure 1.618? Where can one read more about the "wave" thing and the various calculations? Thanks in advance. |
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Sporeguy
Elite |
27-Oct-2006 21:20
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Sembcorp's previous upward wave (looks like it is 3rd wave although Share Junction Chart did not show earlier waves) went from $2.72 to 3.62, an increase of 90c. So the 5th wave may increase by 1.618x90c=$1.51. Bottom of 4th wave was $2.77. So top of 5th wave may reach 2.77+1.51=$4.28. |
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singaporegal
Supreme |
27-Oct-2006 16:57
Yells: "Female TA nut" |
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No worries... glad to share! |
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leepc88
Member |
27-Oct-2006 15:55
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I could not agree more that sporegal skill in TA, i also learn afew thing from your sharing. thanks |
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allantanhc
Veteran |
27-Oct-2006 12:35
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Hi, Singaporegal, thanks for your sharing and your time. Really appreciate it. Very kind of you. |
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rogue_trader
Master |
26-Oct-2006 23:36
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Thanks a million, singaporegal. Gotta go and have a cuppa now, before i burn the mid-night oil again. Today lesson for me, Bollinger Bands and Chaikin, haha. No master the basics made me sleepless nites. Hope I can be as great as you in TA. Hope to be able to learn more from you in the future. If got insider news (i pm u, haha)... oops.. i dont want to be warned by fellow forumeers again... haha. |
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singaporegal
Supreme |
26-Oct-2006 23:13
Yells: "Female TA nut" |
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Yah... I just use the standard parameters provided in the Sharejunction charts. Bollinger - 20 days W%R - 14 days MA - 7 and 14 days |
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rogue_trader
Master |
26-Oct-2006 23:12
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hi singaporegal, thanks a lot. What are the common parameters you used for bollinger bands and william %r? You mentioned 7 & 14 days for ma crossover, is that the standard parameter used? |
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singaporegal
Supreme |
26-Oct-2006 23:02
Yells: "Female TA nut" |
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Hi rouge_trader, This is what I read about SembCorp - (1) Acc/Dist - uptrending (2) RSI - uptrending (3) Chaikin - uptrending (4) Bollinger Bands just enlarged from a narrow channel -meaning large price movement will happen AND the price also just cut above the upper band - indicating that it will continue moving up. (5) Williams %R - indicates overbought now (6) MA Crossover - the 7 day line is above the 14 day line meaning that it will probably continue uptrending Conclusion - I think Sembcorp still has more upside to it. Its on a strong uptrend now. |
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rogue_trader
Master |
26-Oct-2006 22:56
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Hi singaporegal, Hope you can guide me along. I did TA on SembCorp Industries and derived the following: MA Crossover : I understand that u don't do MA Crossover, bt I hope others can contribute too. It showed signs of furthe upside. William %R: Overbought position RSI: (I dunno if i m right) but I think it going to be downtrend very soon. Bollinger Bands: Overbought position Am I right to the above? Thanks! |
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