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Technical Analysis????
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rutheone1905
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11-Jun-2012 09:28
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hope mkt make a very strong rebound this few days till 17th. all eyes on Greeks Election.....cheers to all shorties. hope this one can be a big one cos after this got to wait for Spain liao.  |
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rutheone1905
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09-Jun-2012 17:18
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just talked to a forum over the phone after a few messages exchange. he told he lost alot on this downwards spiral. he kept average down whenever his TA analysis told him turning liao turning liao.   after messaging a few time i cant tahan becos too many to talk liao so we talked over the phone. basically TA analysis is good in peace time: just like everyday u eat ur breakfast, then u slowly turn hungry then u go eat ur lunch then u slowly turn hungry then....supper. TA is good in this, bollinger band hitting upper band should turn downwards liao (as if u hungry liao u go eat a meal then u satisfy u leave the table), then go downwards half way the bollinger band u may decide to take a bite n its goes up. so the scenario can be applicable to all TA charts. however in war time(crisis ridden mkt): u hungry u wanna take a meal but if u go out u will be targeted by enemy n shoot u down so even u r hungry u dare not go out. so in such scenario, it is just like TA analysis, should turn liao but din turn becos of external effects, n TA never factor in this effects. so i told him to take any charts i do the explaining why the chart took tat direction instead of the other one.....one by one he is convinced....see it took me almost 2 hrs to sit in front of my pc to explain till he is convinced......i just save a soul. so next time u TA a chart ask urself which direction the price will move tomorrow....based on the theory of TA all stocks should be readable n predictable the next day price direction however I only target sure win counters based solely on events.   just like Sakari, GoldenAgri, Intraco, Biosensors i profited so much just by recognising their each individual weaknesses. Good luck to all.  |
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iPunter
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31-May-2012 19:01
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Good penny stocks of good companies with growth potential     can bring tremendous multi-bagger gains when the funds finally rush in... 
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rutheone1905
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31-May-2012 18:44
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some pm me regarding shorting here r my views 1) local bank brokers: platform very little features usually dont have trailing stop or even stop loss 2) when open account with any ask them whether they r market maker or direct market access. if they r market maker or they try to siam this question by telling u all the same lar, they offer better then direct market access platform lar ...bla bla just move on. these ppl r using HFT strategy to kick u out, n u din even know. kick u out = u loss $$$ 3) some platforms auto buy back for u at end of the day, u MUST BE VERY SURE of this.   providers usually dont tell u lor...so u blur blur tot u still in short position the next day but actually u already out of the game with little gain or even lost 4)   at the beginning of the day / end of the day, some counters BB will purge the market with sudden spike up/down to clear everyone stoploss, so u got to be careful that ur provider does not " park" u in before mkt opening hours/beyond closing. 5) anyway first time u will loss blur blur one lar.......important dont be greedy be fearful, dont one time hadam big big n ............ good luck.      |
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rutheone1905
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30-May-2012 15:42
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watch out....
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Bopanha
Master |
30-May-2012 10:04
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Those with solid cash and don't know how to use them, buy and keep for 6 months.  Don't in and out because it will subject you to anxiety with erratic movements every now and then. Don't play, just invest on likely pennies. | ||||
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rutheone1905
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30-May-2012 09:05
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end of month liao, events happening....get ready ur cash.....
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iPunter
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21-May-2012 15:46
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But that may not be entirely true too. In fact, if one is a great trader,     one may indeed have loads of time which would otherwise be         spent idling around. This is because great traders are not out               to get rich. They are all out to avoid getting wiped out, so                     they usually play it small, relax, and maybe spend the time                         teaching others how not to lose big. And in doing so,                               they would have also ensured a lucrative income to                                       finance their stock bets... |
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versaek
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21-May-2012 15:24
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Btw only the peers in the industry know who are the recognised handful of top traders in their respective houses and I have yet to hear any of them planning to conduct classes for the masses!  Where got time??
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versaek
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21-May-2012 13:01
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Well said too...
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rutheone1905
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21-May-2012 12:37
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well said guys.   i like discussion like these so we can learn from each other experiences.....cheers | ||||
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iPunter
Supreme |
21-May-2012 11:53
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Making money in trading is very difficult for anyone (all is betting).     Thus, in addition to one's own stock-betting, nothing is better and           more lucrative than teaching others how not to lose big money.                 Even a housewife can make a lucrative income from the fees                       in teaching rather than in trading itself. In other words,                             teaching provide good income for stock-betting...  
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iPunter
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21-May-2012 11:44
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It is all a matter of chart-based betting strategy.   No one can know for sure, but if one has been right about the main trend,       ie. have been betting on the right trend since its inception, then one will               have acquired a certain 'sense of feel' for the market. But one must not                   be contentious with one's judgement. After all, in stocks, all is betting...
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rutheone1905
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21-May-2012 11:33
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notice this words: " but to be honest we do play a trick to amplify our winning, i.e. volume/duration"   in my msg? that the trick of trading w/o looking at charts.....cheers    |
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versaek
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21-May-2012 11:16
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I don't believe you trade " without taking a glimpse on the charts" , a bit melodramtic there.  You still need to know your basic support/resistance and if the move is still strong or weakening.  Price and volume alone may not be enough. True, events trigger reactions etc but it is the background of actual buying and selling that will determine how big or small the reactions will be, and that can be read by the chart such that every buy and sell is accountable for. But I agree wholeheartedly that top traders have no time to conduct lessons.  They are either  too busy trading the market making good money or  can't be bothered to teach to educate or find it necessary or worthwhile  to  supplement their income.  
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SGG_SGG
Master |
21-May-2012 11:10
Yells: "karma karma karma chameleon" |
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how to know when the peak is juicy?
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iPunter
Supreme |
21-May-2012 11:06
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Agree. This is why betting on rebounds (juicy peaks) is satisfying...     |
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versaek
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21-May-2012 11:02
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A trend don't change overnight and takes time to reverse for the obvious reason...
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iPunter
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21-May-2012 10:48
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Strictly speaking, if one pays $4000 or so for a course which     teaches one  how not to lose big, it is worth it. But if one does         not apply what one has learned in the course after attending,         and insists that one's gut (aka. analysis) is good enough,                     then losses will be inevitable. Always respect the market...
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rutheone1905
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21-May-2012 09:53
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guys get ready ur $$$$$$$$.   |
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