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Latest Forum Topics / Cedar Strategic  Post Reply
It's Time Again
ck2236
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27-Nov-2007 10:19     
 
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Thanks Singaporegal & Manikamaniko for sharing.. Smiley Cheers !

 

Article Dated - 25 November 2006

Why use Technical Analysis?
I am a lazy person. I don't have the patience or energy after work to read through analysts reports and comb through various websites to find out if its time to buy or sell a particular stock. I want to be able to come to a trading decision quickly and as painlessly as possible. With TA, I can come to a buy-sell decision in just 3 mins by looking at 3 or 4 different charts. At that speed, I can monitor a substantially larger number of stocks than most other people.

Before I used TA, I used to look through the BUY or SELL recommendations of various analysts but they have often disappointed me. Even if I follow their advice, it was a 50-50 chance that I would make a profit. I also didn't have a game plan in mind or a set of rules to follow. I ended up losing more money and was better off just putting my money in the bank to collect interest.

I decided to do something about it and I picked up a book - Long Term Secrets to Short Term Trading by Larry Williams. That book really changed my trading philosophy and techniques and I still refer to the guiding principles of Larry Williams today. It was the best book I ever bought! I have now been practicing TA for the past 4 years. Statistically, 70% of my trades were profitable ones that average a profit of between 5% to 15% per trade. I buy and sell a counter within 30 trading days. For my losing trades, I will usually cut loss when the price drops below 3-5% of the price I bought.

Trading Philosophy
I subscribe to Larry Williams' philosophy in trading. Here are a few golden nuggets I got from reading his books -
  1. Trade objectively and never let your greed or fear interfere with your trading
  2. Short Term trading actually reduces your risk and exposure because your money isn't locked up in Stocks for a long time
  3. Ride the trend. I don't use support/resistance levels or set price targets because trend is all that matters to me.
  4. Be a pessimistic trader. In trading, being too confident or optimistic can cause you to lose money. Its better to lose an opportunity to make money than to lose the money itself.


What to buy?
I adhere to strict rules when I purchase a stock. I only monitor a basket of stocks that have these basic numerical characteristics:
  1. Daily trading volume of greater than 1 million shares
  2. Must be between $1 to $5 in price


A healthy daily trading volume is extremely important to TA people (who trade frequently) because we want to be able to get in and out of a stock easily. A low volume counter will not allow us to be so nimble. Also, if a price is too cheap (<$1) the stock will be prone to too much volatility and the TA charts will not be very accurate. Conversely, if the price is too expensive (>$5), I find that the stock price movements tend to be rather sluggish and boring.

When to buy?
I make use of these charts -
  1. Accumulation/Distribution
  2. Chaikin Oscillator
  3. RSI
  4. Williams %R
  5. Bollinger Bands


An ideal buy signal for me is when the Acc/Dist and Chaikin are uptrending and show signs of divergence with the stock price. The RSI and Williams %R should NOT be overbought but they should also be on the uptrend. Also, if the Bollinger bands are also really close together, I am more confident that there will be a sharp price increase very soon.

When to sell?
I will sell out when either one of the following occurs -
  1. When I have suffered a 3%-5% loss  (Sometimes, the stocks do not behave as the TA predicted so I will cut loss)
  2. Accumulation/Distribution shows a trend reversal by starting to downtrend
  3. Stock price falls below 3%-5% of its previous peak (this will usually be accompanied by the Acc/Dist downtrending)


Do I use any special software?
Nope! I usually just make use of the free charts available on ShareJunction and also on Poems. I don't believe in paying money for advanced charting software that serves the same purpose as the free ones. They're an overkill!



About the author:

singaporegal is a Master member of ShareJunction. She has been actively contributing ideas and articles to our forums for many months. A self-proclaimed TA purist, she doesn't bother with FA and analyst reports. She makes her trading decisions based solely on charts.
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Manikamaniko.
Master
27-Nov-2007 09:51     
 
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Sorry, the link doesn't work...Those who are keen can click on "Research" on the left side menu and then scroll to the bottom to find Singaporegal's article... Great stuff! Smiley
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Manikamaniko.
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27-Nov-2007 09:41     
 
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Those who wish to learn more from our "Gu Piao DaJieJie" can click on the link below :-

"ShareJunction's very popular forummer and TA expert, Singaporegal, shares her thoughts and secrets in applying TA " ...Smiley
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techsys
Master
27-Nov-2007 09:31     
 
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Hi SingaporeGal,

Finally, I find savvy investor who willing to share hers technique :).

Thanks for your help.  Really improve my trading knowledge. Btw, I learn a lot from you
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Pinnacle
Master
26-Nov-2007 17:39     
 
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You missed out on the off-market deal, which is large in volume.

Time Last Volume Buy/Sell
17:05:01 0.295 419,000 X
16:59:46 0.290 4,000 Buy Up
16:59:38 0.290 100,000 Buy Up
16:59:37 0.290 50,000 Buy Up
16:59:35 0.290 50,000 Buy Up
16:59:29 0.290 50,000 Buy Up
16:59:25 0.290 800,000 Buy Up
16:59:19 0.290 2,000,000 Buy Up
16:58:05 0.290 20,000 Buy Up
16:57:51 0.285 4,000 Sell Down
16:56:52 0.285 10,000 Sell Down
16:53:48 0.290 1,000 Buy Up
16:42:16 0.285 20,000 Sell Down
16:41:32 0.285 25,000 Sell Down
16:41:30 0.285 10,000 Sell Down
16:39:35 0.285 15,000 Sell Down
16:38:13 0.285 11,000 Sell Down
16:36:54 0.285 50,000 Sell Down
16:31:04 0.285 20,000 Sell Down
16:29:51 0.285 20,000 Sell Down
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ck2236
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26-Nov-2007 17:03     
 
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Wow... huge buy up last min... Smiley

16:59:46 0.290 4,000 Buy Up
16:59:38 0.290 100,000 Buy Up
16:59:37 0.290 50,000 Buy Up
16:59:34 0.290 50,000 Buy Up
16:59:29 0.290 50,000 Buy Up
16:59:25 0.290 800,000 Buy Up
16:59:19 0.290 2,000,000 Buy Up
16:58:04 0.290 20,000 Buy Up


 

 
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AlwinL
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26-Nov-2007 15:16     
 
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it has break 0.285, high is 0.290.

 
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ck2236
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26-Nov-2007 11:25     
 
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Buy up is strong this morning, hopefully it break 0.285sell q  ... Cheers Smiley

 

 

 
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Brendan982201
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25-Nov-2007 00:10     
 
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 Alert Admin 		Self study,personal thinking Jade is still bearish
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tiandi
Senior
23-Nov-2007 22:28     
 
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 Alert Admin 		techsys,  since you order 23-25 or Nov 20 and that day it went down to .2. Today closing  is 27.5 cents, so it is about 3 cents gain for you.
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singaporegal
Supreme
21-Nov-2007 20:53     
 
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Hi techsys,

I base my comments mainly on TA charts and not on fundamentals. Maybe FA people will tell you a different story. But they have a different timeframe from me. I am very short term - only 2-4 weeks holding period.


Most counters look bearish now and maybe its because of the current bearish environment.

For Jade, the Acc/Dist and Chaikin are still heading southwards, which is a bearish sign. However, Jade is a penny stock and TA may not be accurate for this one. So please take my comments with a pinch of salt.
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AlwinL
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21-Nov-2007 18:39     
 
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Strong moving up for past few days and today also moving up strongly in the morning. What do you see in this stock? Will it in the moving up trend?

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Pinnacle
Master
20-Nov-2007 21:38     
 
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Jade had broke out from its ST MA.

Both RSI and stochastics is also trending up. Keep under observation as not sure whether this is a false dawn.
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maipenrai
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20-Nov-2007 16:31     
 
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 Alert Admin 		Looks like it, reversing and rushing.
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tiandi
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20-Nov-2007 16:29     
 
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 Alert Admin 		reversal coming?
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techsys
Master
20-Nov-2007 11:34     
 
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Hi Singaporegal,

Think today Jade can be bought now.  I put entry point arround 230 - 250.  Can you tell me what is the thing that make you think it's bearish now ? Of course current market .. but is there something else specific ?

 

 
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singaporegal
Supreme
19-Nov-2007 22:11     
 
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TA signals have not changed much. Still bearish looking. 

I think its too early to say that it is reversing. Better to be cautious. 
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maipenrai
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19-Nov-2007 16:21     
 
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Jade seems seems reversing from its 0.23 low now hanging and seem supported at 0.255.

Reverse reverse pick up speed Jade!!!!
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singaporegal
Supreme
12-Nov-2007 19:20     
 
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 Alert Admin 		TA may not be accurate for this stock but the price has cut below the lower bollinger band and its Acc/Dist is downtrending. Bearish signs.
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huatah
Veteran
12-Nov-2007 14:38     
 
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 Alert Admin 		Haha.. tks limhpp... temporary still can take it lah.. permanent.. i tink die of coke stand...
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