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diary of a singapore trader
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des_khor
Supreme |
15-Nov-2010 21:09
Yells: "Tell me who is the God or MFT from this forum??" |
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Good post !
Only MFTs can predict and GODs can see !!
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Leinadgnow
Senior |
15-Nov-2010 19:17
Yells: "Retired" |
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x 0 Alert Admin Parabolic reversal has show it's head. Two days down parabolic reversal. Lookalike of an Inverted hammer spotted (fatter hammer due to high volume trading)? The inverted hammer is identical in appearance to the shooting star.The inverted hammer is a signal that shorts are beginning to cover their positions.Since the inverted hammer can only occur after a sustained downtrend, the stock is in all probability already oversold.With this candle, it is imperative to watch the next day's trading action. If the stock opens strongly and remains strong during the day, then a key reversal is likely in progress. Slightly above 50 days MA ... Probably gonna touch 50 days MA and thus the Inverted hammer. If the hammer does not fall below the MA50 which is at 2.07 .. then a key reversal is in place. RSI and STOCHS all down down to almost oversold point. need confirmation..... the MA20 cross over with bollingerband has been completed. Stocks fell on this cross over.. by over 0.15 drop. Possible to buy in at tp 2.07. Wait FOR CONFIRMATION .... 2.07 + 0.03 will see the new support being strong and can buy... thus the tp price to go long at 2.07 - 2.10 . For shorts. Time to cover your position and watch . For those going long. time to prepare your cash your balance and wait for 2.07 +0.03 (KEY NOTE MUST OPEN AT 2.07 and not OPENING 2.10 then drop to 2.07 then you go buy at 2.07 cause it means downward trend still) . If it doesn't break the MA 50 and free fall to 2... then you can prepare yourself for long opening. Bollingerband band already at the bottom ...If it TOUCHES AND REBOUNDS then A KEY REVERSAL IS IN PLACE.. have to see if it bounces .. if it does.. congrats.. confirmation to buy bulls coming back.. if it doesn't and breaches it.. gg... 2 is in sight. See peaks and bottoms. Line converging for reconsolidation. Probably 1 more day of reconsolidation and slight fall... 2 days of parabolic SAR is too short minimum 3-5 days... thus i would say by thursday, friday going onto monday depending on how the chart forms, it might be a reversal. Get ready. My opinion: Probably gonna be bullish reversal soon. All of the charts and signals seems to be pointing towards a bullish reversal rather then a breach ..if it breaches.. then it's gonna be a long long fall for genting to 2.. failing that. MA100 is going to be the key at 1.86. Good luck all. | ||||
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yummygd
Supreme |
15-Nov-2010 10:46
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but its good to have all these knowledge wat. but agree on e no such thing as "Market trend"
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iPunter
Supreme |
14-Nov-2010 08:55
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There's no such thing as "charting is 'true' or 'not true' "... A chart is just a chart. No one can predict anything by studying a chart. But a chart is only useful as a record of prices and direction up till the present moment. No matter what people bet after studying a chart, it is still only a bet.
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krisluke
Supreme |
14-Nov-2010 08:27
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Charting not bad, BUT A bit long winded, veri hard to digest. |
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Leinadgnow
Senior |
14-Nov-2010 05:32
Yells: "Retired" |
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Okay ... so i found this blog that was huge on teching and really good coverage and insights to the charting..www.diaryofasingaporetrader.blogspot.com .. only \ Downside is that not many posts so far and can;t find alot of fundamental analysis from this dood... pretty good estimation though .. i'm going to spot him and see if his charting and predictions true anot... probably discuss alot of his topics mentioned here so i decided to create a thread.. hope you all don't mind Cheerios. |
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