Hi salute,

All those prices lines are either support or resistance drawn based on individual analysis skill n those cups are drawn using chartnexus software drawing tools.

If u r newbie to trading, below is my advice (whether to listen or not is up to u).

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades." - Learn how to spot reversal signs in candlestick charts for entry n exit

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

Depending on your inclinations and whether u seriously want to learn TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras.

Take your time to read and learn, dun rush, remember "Rome was not built in one day"
 
U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,dun waste your money, instead self-learn the skills n use tat money to trade. I rather save the money to trade and multiply it).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless. 

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, follow the steps on how to post charts in "General", "Trading Techniques", "Learning TA".

Salute      ( Date: 10-Sep-2009 23:27) Posted: Hi Richtan, Plenty Thanks for your sophiscated TA analysis. I am learning some TA tools but I don't know how you derived the prices of 0.91, .1.14, 1,48 and 1.91. is it from kind of calculation and how you draw the curve of the cup and handle. is it from some kind of "ready" TA tools or it's due to your experience. Where can one learn these? If it's possible to share. Thank you.       richtan      ( Date: 09-Sep-2009 15:17) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Hi starlene,

Congrats n really good luck to u but dun expect to pull-off such luck every time, at times letting go the tortoise (which will eventually win the race) to catch the hare may get u injured and miss both the hare as well as the tortoise.

starlene      ( Date: 10-Sep-2009 23:47) Posted: Slow and steady win the race..opportunity cost in waiting..by switching to a faster moving > than recovered liao,I sold off 84.5 to 90cts when it failed to break 90cts,and switch to sinotel,am richly rewarded,so wad if it can go,liklely $1.10 only richtan      ( Date: 10-Sep-2009 18:45) Posted: Copied from "Loss making companies flying" post by jeremyow, as the analogy seems applicable to Midas: jeremyow      ( Date: 10-Sep-2009 14:17) Posted: Have you heard of the story of the hare and the tortoise? The hare runs fast getting many's attention and people support the hare and cheer for it betting that it will emerge the winner because it looks like being confident of doing so. It will be in the limelight for a while with a cheery concensus for it to turn a winner. Little does one knows the tortoise is a slow but steady runner. It is focused and does not lose track of the final finishing point. The tortoise does not matter whether people are supporting it. It just remain focused on completing its task of reaching the finishing point. It has good endurance and focus and is intelligent enough to know also that it is focus and tenacity to keep improving that will determine the winner, not short-term glorious sprint. As such, it just keeps on running never losing its steam or focus. Eventually, the hare tires out after running the first lap at fast pace, and is full of confidence in itself that the tortoise is still far behind and so decides to take a rest. Just when it was taking its confident rest, then catches up the tortoise and eventually the tortoise wins the race. So, what is the morale of the story? Slow and steady does win the race. Consistency in business profitability is better than short-term glorious sprint. A company that steadily and consistently grows its business (not necessarily at high supernormal pace and in the limelight) will eventually emerge the winner. Such a business will keep growing with consistent earnings growth and eventually investors just have to realise its value by bidding up its share price. Will one sell $1 per share for SPH's shares currently? Will one sell $1 per share for Keppel Corp's shares currently? Will one sell $1 per share for Wilmar International's shares currently? If someone is willing to price a consistent business's shares at such low value, I will gladly buy from him. Stability and consistency in earnings growth is long term winner that cannot be ignored (though sometimes prices get mispriced due to trading sentiments).
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richtan Supreme	11-Sep-2009 02:05        richtan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi jazzoff, Many thanks for your kind help n effort, so sorry I was too pre-occupied in other threads. Btw, all these can be found th the thread "Learning TA" under "General", "Trading Techniques" tat I specially created with newbies in mind, hopefully they benefit from it. jazzoff      ( Date: 10-Sep-2009 23:43) Posted: Hi Salute, While waiting for richtan to reply maybe you can check out the websites as listed below. These are the websites as provided by richtan in his earlier threads: 1. http://www.onlinetradingconcepts.com/index.html 2. http://www.singaporestocks.com.sg/ 3. http://www.oilngold.com/ 4. http://www.incrediblecharts.com/technical/technical_analysis.php 5. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators 6. http://www.youtube.com/watch?v=6bMO8Gjlwik 7. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p P.S. Richtan hope that you do not mind me partially replying to this query on your behalf.
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Salute Master	11-Sep-2009 00:04        Salute About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you jazzoff, will look into those websites. Richtan would not mind I guess, we are here to help each other I suppose. also a peice of advice to those who just discovered this Sharejunction--ie: don't anyhow believe in all the callings of buy or sell target price. The best is to observe those regulars veterans with times of correct judgement( didn't expect 100%) or genuity in discussion or their views. Those who come out once in a while and only care about telling the price might have certain purpose or don't know well about the counter. I remember quite some time back, there was a guy who said that the yangjijiang would sure go up to $2.56, well, it dropped "soon" after. This guy disappeared from this site but recently back again, again mentioned only about the price of a certain counter. Well, have seen quite a few misunderstanding recently in this site that I specified my example so that those were not fall on this would not get it wrong. Good luck to all of us
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starlene Elite	10-Sep-2009 23:47        starlene About Contact  Quote this Post!
x 0   x 0  Alert Admin	Slow and steady win the race..opportunity cost in waiting..by switching to a faster moving > than recovered liao,I sold off 84.5 to 90cts when it failed to break 90cts,and switch to sinotel,am richly rewarded,so wad if it can go,liklely $1.10 only richtan      ( Date: 10-Sep-2009 18:45) Posted: Copied from "Loss making companies flying" post by jeremyow, as the analogy seems applicable to Midas: jeremyow      ( Date: 10-Sep-2009 14:17) Posted: Have you heard of the story of the hare and the tortoise? The hare runs fast getting many's attention and people support the hare and cheer for it betting that it will emerge the winner because it looks like being confident of doing so. It will be in the limelight for a while with a cheery concensus for it to turn a winner. Little does one knows the tortoise is a slow but steady runner. It is focused and does not lose track of the final finishing point. The tortoise does not matter whether people are supporting it. It just remain focused on completing its task of reaching the finishing point. It has good endurance and focus and is intelligent enough to know also that it is focus and tenacity to keep improving that will determine the winner, not short-term glorious sprint. As such, it just keeps on running never losing its steam or focus. Eventually, the hare tires out after running the first lap at fast pace, and is full of confidence in itself that the tortoise is still far behind and so decides to take a rest. Just when it was taking its confident rest, then catches up the tortoise and eventually the tortoise wins the race. So, what is the morale of the story? Slow and steady does win the race. Consistency in business profitability is better than short-term glorious sprint. A company that steadily and consistently grows its business (not necessarily at high supernormal pace and in the limelight) will eventually emerge the winner. Such a business will keep growing with consistent earnings growth and eventually investors just have to realise its value by bidding up its share price. Will one sell $1 per share for SPH's shares currently? Will one sell $1 per share for Keppel Corp's shares currently? Will one sell $1 per share for Wilmar International's shares currently? If someone is willing to price a consistent business's shares at such low value, I will gladly buy from him. Stability and consistency in earnings growth is long term winner that cannot be ignored (though sometimes prices get mispriced due to trading sentiments). ozone2002      ( Date: 10-Sep-2009 11:33) Posted: very very slow moving stock.. Zzzzzzzzz.. not for those who want fast $$
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jazzoff Member	10-Sep-2009 23:43        jazzoff About Contact  Quote this Post! Style: Flexible   Yells: "Don't chase rising stocks, don't catch falling knife."
x 0   x 0  Alert Admin	Hi Salute, While waiting for richtan to reply maybe you can check out the websites as listed below. These are the websites as provided by richtan in his earlier threads: 1. http://www.onlinetradingconcepts.com/index.html 2. http://www.singaporestocks.com.sg/ 3. http://www.oilngold.com/ 4. http://www.incrediblecharts.com/technical/technical_analysis.php 5. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators 6. http://www.youtube.com/watch?v=6bMO8Gjlwik 7. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p P.S. Richtan hope that you do not mind me partially replying to this query on your behalf.
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Salute Master	10-Sep-2009 23:27        Salute About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Richtan, Plenty Thanks for your sophiscated TA analysis. I am learning some TA tools but I don't know how you derived the prices of 0.91, .1.14, 1,48 and 1.91. is it from kind of calculation and how you draw the curve of the cup and handle. is it from some kind of "ready" TA tools or it's due to your experience. Where can one learn these? If it's possible to share. Thank you.       richtan      ( Date: 09-Sep-2009 15:17) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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risktaker Supreme	10-Sep-2009 23:18        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	might give some attention to this burger tomorrow :)
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richtan Supreme	10-Sep-2009 18:45        richtan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Copied from "Loss making companies flying" post by jeremyow, as the analogy seems applicable to Midas: jeremyow      ( Date: 10-Sep-2009 14:17) Posted: Have you heard of the story of the hare and the tortoise? The hare runs fast getting many's attention and people support the hare and cheer for it betting that it will emerge the winner because it looks like being confident of doing so. It will be in the limelight for a while with a cheery concensus for it to turn a winner. Little does one knows the tortoise is a slow but steady runner. It is focused and does not lose track of the final finishing point. The tortoise does not matter whether people are supporting it. It just remain focused on completing its task of reaching the finishing point. It has good endurance and focus and is intelligent enough to know also that it is focus and tenacity to keep improving that will determine the winner, not short-term glorious sprint. As such, it just keeps on running never losing its steam or focus. Eventually, the hare tires out after running the first lap at fast pace, and is full of confidence in itself that the tortoise is still far behind and so decides to take a rest. Just when it was taking its confident rest, then catches up the tortoise and eventually the tortoise wins the race. So, what is the morale of the story? Slow and steady does win the race. Consistency in business profitability is better than short-term glorious sprint. A company that steadily and consistently grows its business (not necessarily at high supernormal pace and in the limelight) will eventually emerge the winner. Such a business will keep growing with consistent earnings growth and eventually investors just have to realise its value by bidding up its share price. Will one sell $1 per share for SPH's shares currently? Will one sell $1 per share for Keppel Corp's shares currently? Will one sell $1 per share for Wilmar International's shares currently? If someone is willing to price a consistent business's shares at such low value, I will gladly buy from him. Stability and consistency in earnings growth is long term winner that cannot be ignored (though sometimes prices get mispriced due to trading sentiments). ozone2002      ( Date: 10-Sep-2009 11:33) Posted: very very slow moving stock.. Zzzzzzzzz.. not for those who want fast $$
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ozone2002 Supreme	10-Sep-2009 11:33        ozone2002 About Contact  Quote this Post! Style: Technical
x 1   x 0  Alert Admin	very very slow moving stock.. Zzzzzzzzz.. not for those who want fast $$
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richtan Supreme	10-Sep-2009 10:39        richtan About Contact  Quote this Post!
x 1   x 1  Alert Admin	Look at the daily chart, showing Midas is stealthily creeping upwards the last 7 days n now above all the emas (15ema to 200ema) n all the emas trending up. thomas_low      ( Date: 09-Sep-2009 21:32) Posted: Chart looks like going sideways, keep collecting, wait patiently and it will break up. Matter of time, dont be distracted by what is currently hot, stay focus on good value stocks, and minimise buy and sell for small gain and pay heavy commission, so this is one worth waiting for, also Abterra, Yanlord from the Sino sector.
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dcang84 Veteran	10-Sep-2009 09:16        dcang84 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	Casino is open for business at Genting.
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thomas_low Veteran	09-Sep-2009 21:32        thomas_low About Contact  Quote this Post!   Mood: Yells: "Gong Xi Money Made"
x 2   x 0  Alert Admin	Chart looks like going sideways, keep collecting, wait patiently and it will break up. Matter of time, dont be distracted by what is currently hot, stay focus on good value stocks, and minimise buy and sell for small gain and pay heavy commission, so this is one worth waiting for, also Abterra, Yanlord from the Sino sector.
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risktaker Supreme	09-Sep-2009 21:15        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 1   x 1  Alert Admin	Whole Singapore will be trading Genting tomorrow. :)
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risktaker Supreme	09-Sep-2009 20:12        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 1  Alert Admin	Tomorrow no action liao la. keepnosecrets      ( Date: 09-Sep-2009 17:04) Posted: Don't give up hope.  Continue to cling on unless you cannot stand too much losses.
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keepnosecrets Master	09-Sep-2009 17:04        keepnosecrets About Contact  Quote this Post!
x 1   x 0  Alert Admin	Don't give up hope.  Continue to cling on unless you cannot stand too much losses.
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