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TA-FA "Contest"
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lewsh88
Senior |
11-Aug-2006 21:32
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Hi YenYen: I guess you are of the fair sex. The channel 8 serial Holland V's main character family 3rd sister is called Yen Yen also. Anyway, the above has nothing to do with stocks, just joking. |
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lewsh88
Senior |
11-Aug-2006 21:19
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My take: 40% Skill (analyzing TA charts) 40% Art (Connecting TA to world bad news) 20% Luck Candlesticks is like consulting mediums (tangki) with names such as Marubozu, Doji, Long legged Doji, Gravestone Doji, Dragonfly Doji, etc.... There is another TA chart called "Head & Shoulder", which is bringing chartists closer to the occult. For those who are interested in TA, SGX frequently conduct classes such as "A Beginner's Guide to Technical Analysis." Quite cheap - only $22.00 for a 3-hour session. Ref: https://sgxeshop.sgx.com |
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YenYen
Member |
11-Aug-2006 16:14
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u r a trendy, skillful, artist! If it's art, then it comes more naturally to some than others. |
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singaporegal
Supreme |
11-Aug-2006 15:58
Yells: "Female TA nut" |
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I don't really use candlesticks to look for patterns. I'm basically a "trend" person. I look for price trends rather than bar or candlestick patterns that occur over a few days. I tried patterns before and I didn't find it very accurate. But that's just me and my own trading methodology. Others may have different view. |
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singaporegal
Supreme |
11-Aug-2006 15:56
Yells: "Female TA nut" |
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Hi all, As lewsh888 pointed out, TA is not so straight forward.... its 50% art, 50% skill.... :) I suggest that for newbies who want to learn TA, please do so with paper trading for a period of at least 3 months before you start off with real money. Like all things worth learning, there is a steep learning curve before one becomes competent in it. |
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YenYen
Member |
11-Aug-2006 12:17
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i don't know how to interpret anything from it. Will start there. Thanks :) |
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u4ria80
Member |
11-Aug-2006 12:11
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how abt using candlesticks charting? better for short term trading? |
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YenYen
Member |
11-Aug-2006 12:03
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i am starting to learn TA but i can't see the trends, trend reversals .. i can guess supports & resistances but i am still guessing. i am impressed by how precise singaporegal & some of you can be! Will i ever get there? Someone said you either have it or not, that some things we just can't do. But i will explore & keep trying for now. |
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shplayer
Elite |
11-Aug-2006 11:42
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Everyone starts with little knowledge and from there, hopefully gain more knowledge. Name me one person who did not start with ABCs first before they learn to write? I don't see anything wrong with starting with a little knowledge....no one is an expert on TA (or any other subject for that matter) overnight....if you don't take the first step, you will never finish the journey. What matters more is the learning process......which never ends. |
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Lawrenchoo
Member |
11-Aug-2006 09:27
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The news of the terror arrest and possible attack coincided with the timing the stocks came tumbling yesterday. I too think it is because of the news. The TA chart (I used MACD, Stochastics and RSI here) did not give a conclusive sell signal yet. This stock is also tied to the STI it seems, for most of time when the STI do well, it too do well. |
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lewsh88
Senior |
11-Aug-2006 08:55
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TA or FA to savvy traders seems easy. As singaporegal mentioned before, it normally takes her 5 to 10 minutes to go through TA charts and she can decide her options to buy and sell. To others who are not experts on TA, remember the saying: "A little knowledge is a dangerous thing." TA is not so straightforward otherwise everybody will be winners. If we listen to people who are small time equity traders, it seems that there are more losers than winners. This is not strange as small retail traders from amahs to zoo-keepers all contribute to the profits of professional fund managers and investment bankers. We often read in the newspapers that foreign fund managers are coming and going. Of course they go with winnings from what we lost. Anyway, I believe yesterday's 6 cents down on SGX is due to news of the London terrorist arrest as reported and may not be the reversal signal. |
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YenYen
Member |
11-Aug-2006 02:48
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i want tuition too! |
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singaporegal
Supreme |
10-Aug-2006 20:40
Yells: "Female TA nut" |
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hahaha... its hard to tell with just 1 day's price. Lets wait a few more days while the trend confirms. |
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shplayer
Elite |
10-Aug-2006 20:37
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singaporegal, looks like trend reversal started already. Today topped @ 3.98 and close 3.80....-0.06 for the day. Well, you are spot on again. Wanna to give tuition? I will be your first pupil. |
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singaporegal
Supreme |
10-Aug-2006 20:05
Yells: "Female TA nut" |
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thanks shplayer! I also said that there may be a trend reversal very soon...well.... lets see if I'm spot on on that too. hehehe... |
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shplayer
Elite |
10-Aug-2006 15:26
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singaporegal, BRAVO to you. Your TA spot on again...SGX now +12cts....and + 7.6% from the time of your bet. This time its more significant.....you correctly predicted during a period the market is directionless. Got alot to learn from you. |
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Nostradamus
Supreme |
06-Aug-2006 18:33
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It seems trapped under the 100 day EMA. This is providing resistance. Let us see whether it can break above in the next few days. |
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scotty
Senior |
05-Aug-2006 22:26
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What do you mean "trapped"? |
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Nostradamus
Supreme |
05-Aug-2006 20:02
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SGX seems to be trapped by the 100 day EMA. |
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singaporegal
Supreme |
05-Aug-2006 15:38
Yells: "Female TA nut" |
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Possibly undergoing trend reversal..... wait and see....TA signals are slowly changing |
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