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mrswatanabe9
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techsys
Master |
28-Sep-2007 12:13
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Sometime, when market is lame, you can exercise your trader instinct .. this will be another abbreviation for TI .... we have another technic here . heheheh |
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elfinchilde
Elite |
28-Sep-2007 11:39
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heya wai leng, no prob. :) and great that you have your goals. am sure you'll be able to reach them. :) no problem not knowing anything too; we all started out new. abt TA (technical analysis): kilroy's right abt indicator shifting and all that too: TA is actually quite tricky to do. his bottomline is what i agree with as well: that the trend dictates which indicator you use. shortening indicator period: yep, you need to know what time period you're looking at. and rather than shortening it to suit the volatility, it's more changing it to fit your time period. apologies if i gave any misconceptions. it's actually easier if you have the graphs in front of you, and one can demo live. ok, leaving for hols soon! byes ppl! *yay!!!!* PS: try graham's the intelligent investor. that's for value investing. |
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baseerahmed
Master |
28-Sep-2007 10:44
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ng wai leng : wow ! very clear and concise objectives. just stick to it . wish u all the best ! |
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baseerahmed
Master |
28-Sep-2007 10:37
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kilroy : err.. what is that indicator ? |
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ng_wai_leng
Member |
28-Sep-2007 10:01
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Thank you elfinchilde. For a moment I thought I was in the wrong forum. Thank you all for your advice. I have a lot to catch up and will probably first start off with a sort of Complete Idiot's Guide to Finances as I am embarrassed to say I have no idea what TAs and FAs and other such terms really mean. My financial targets are (1) to preserve capital; (2) to have returns on capital higher than what banks offer; and (3) to make some quick money in a bull run. So I am aiming to be a value investor most of the time and a trader sometimes. |
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KiLrOy
Master |
28-Sep-2007 00:30
Yells: "I buy only what I can see." |
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RSI and MACD are oscillators which are good for range trading. Once you have a trend (e.g. upward), those indicators will be locked on overbought (assuming uptrend) and will NOT be able to preempt you when to EXIT. You will need to find another indicator to tell you when the trend strength is subsiding - your EXIT signal. No prize for guessing what that indicator is. Bottomline is to use the correct indicators accordingly to what the TREND is showing you now and NOT the other way round (choose your indicators first then use it on whatever trend the equity is on). |
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KiLrOy
Master |
28-Sep-2007 00:21
Yells: "I buy only what I can see." |
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Shortening the indicator's period to match the volatility of a particular equity is NOT the right way to go. You need to know which chart period (daily, 4 hours, 1 hours, 30mins, 15 mins, 10 mins, 5 mins 1 mins, tick) you are/will be employing consistently for your entry/exit strategy before tweaking the indicator's period. |
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TuaPekGong9413
Elite |
28-Sep-2007 00:16
Yells: "deity" |
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elfin,i agree wif u....for me,i'll look at the RSI first,then MACD but finally most important is the historical chart.... |
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Pension
Elite |
28-Sep-2007 00:13
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anymore addendum??? |
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elfinchilde
Elite |
28-Sep-2007 00:08
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addendum: if it's TA you're talking about: need to be careful. a lot of ppl do not believe in TA. but i fully suspect it might be a case of mismatch: not all stocks respond to all indicators. you need to ensure certain parameters are fulfilled first. best is to see on back historical data. check which indicators are most accurate for a specific stock. need to keep in mind too that macro trends affect the sensitivity of an indicator. if you're using SJ charts (a/d, c/o, MACD etc), the 'easier' counters to play are ones like ho bee and allgreen. consistent responsiveness to indicators demonstrated. this is a very volatile period tho, so use the most sensitive of the lead indicators for first strike: chaikin and williams. Put your MA crosses at 3 and 10 days for confirmation. Use MACD to see longer term trend movement, and ride it to the exhaustion of the trend. cheers! |
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elfinchilde
Elite |
28-Sep-2007 00:01
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just saw this thread. haha. wai leng, don't get scared off by all these guys. perhaps even before TA and FA, the important thing is to understand one's own personality. ie, your risk profile. How much loss can you stomach. what % before you get kancheong and sleepless? do you tend to shoot your winners and hold your losers? to what degree? know yourself first, then draw up a list of 'rules', and by trial and error, perfect your rules. btw, it's not always true that blue chips are expensive. sometimes, what one needs to look at is the rate of return. for instance, this recovery is solely led by the blues. if you had wanted 'cheap' and gone for pennies, you'd still be stuck, since the pennies have not recovered fully. but if one can follow the wind, and played the blues, you'd have made more. (yes, buying cost is more ex, but then, the returns are higher). also, if you're fast enough, wld have played the blues early phase, exit, into a few good pennies, ride them til now. it's what i call cantilevering. allows you to make the most of a small sum of money. (doesn't always work tho. needs very fine sense of timing and quite a bit of watching. urgh.) so perhaps start by setting a realistic % target you want to hit? then divide up your sum to play for value, trading and momentum. see which you're most comfortable with. oh, and never sacrifice long term goals for short term gains. one does not need to enter every single 'good trade' in order to win. that's one of the most impt things i learnt. do hope it can help you along. :) k, nites all! |
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Pension
Elite |
27-Sep-2007 22:05
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singaporegal, to be honest with you, you give wrong call , i make some kopi$, please continue to give wrong call to keep me alive. |
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singaporegal
Supreme |
27-Sep-2007 20:49
Yells: "Female TA nut" |
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Hi CWQuah, Errr... I'm flattered that you label me a "guru" but I'm really not. I have wrong frequently and do lose money due to wrong calls. Do not follow anybody, including myself, in the forum blindly. It is highly dangerous. Always do your own research and homework before you buy shares. |
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techsys
Master |
27-Sep-2007 15:27
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brother .. please give me a vote ... |
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Pension
Elite |
27-Sep-2007 14:36
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girl with the name "wai leng" is usually very pretty, nice, humble,careful, cheerful and sweet girl. they are very careful in term of financial that is the reason why she is here asking question before she punt. who know after learning all the skill, she become a bb and we will benefit from it. |
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techsys
Master |
27-Sep-2007 14:36
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Simon, mostly I play for medium and long term. My fave counters are Chinamilk, Synear, Indoagrii, Jade, Ouhua, Genting, GKE, Bio-Treat, BioSensor, Baker-Tech. For the rest of stock .. you need to see their movement. Get in when signal is good and get out when your target is reached.. For example : Baker could be bought yesterday. .34x .. Lotvission .35x ... etc ... etc |
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simonking
Member |
27-Sep-2007 14:28
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ok, Sbs pay me, I wash can...ha. Thanks Tua Pek Gong 9413 |
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TuaPekGong9413
Elite |
27-Sep-2007 14:17
Yells: "deity" |
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simon,wash bus can?cos i no car...only take bus...chk out aztech or equaton...but dun DUN touch construction share now... |
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simonking
Member |
27-Sep-2007 14:06
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Tuapekgong9413,techsys, Pension..and all master,I newbie also any inside trading news or lubang? I don't mind to polish ur Cars if give some tips ha.Joking. Newbie is true and invest in Lottvis , Achicva at high price and stuck there.Hope can give some advice or inside tips. my email is simonturtleking@yahoo.com.sg thanks. |
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ghlau935
Veteran |
27-Sep-2007 13:15
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Hahaha...Pension n TuaPekGong9413 is <Lau Te Ko>........ |
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