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STI to cross 3000 boosted by long-term investors
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Future
Member |
13-Mar-2012 12:05
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Probabilities is more incline towards Fundamental Analysis. For example option-pricing valuation of shares, never know it applies to TA.. | ||||
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KiLrOy
Master |
13-Mar-2012 12:02
Yells: "I buy only what I can see." |
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You are saying that the trader is the one that determines the probability in which ever tool he/she is using. I was refering to you saying " TA uses probability?" How does TA uses probability and where does the probability derived from for the TA to use. That is what I wasn't clear. |
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monk999
Master |
13-Mar-2012 11:47
Yells: "TA is an art!" |
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Simply put...TA basically uses historical data to determine probability whether price go up or down. Some Examples: 1. trader who uses price and volume indicators - some traders consider going long when price goes up on high volume. They consider this a higher probability trade. This can also apply when shorting. 2. trader who uses 3 SMA (20, 50, 200) method - on an uptrend, when price reacts positively to 20SMA after some pullback, some trader consider this a higher probability trade. 3. trader who uses chart patterns - head and shoulder patters, cup and handle, double top and double bottoms, continuation patterns etc. these are high probabilty trades for some traders 4. trader who uses candlestick patterns - reversal candles like bearish engulfing pattern provide high probability trades etc everytime a signal is given, trader will sell or buy. this does not mean that trader will always win. they will also lose that is why stop loss is important. As long as they are positive on the average, the trader can survive.
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settowin
Veteran |
13-Mar-2012 11:31
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But clicking on your username, I read that you always said the market is going to collapse, and marketing down trend and all these sayings were based on charts? Well, you have been wri=ong since feb. The market (the STI and DOW and HSI etc) have instead go opposite your charts. Futher, I almost thought you were Isolator, always chanting market STI2400. Of course one of these days he might be correct, but it might be in the year 2018, or maybe 2030. Hehehe.
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KiLrOy
Master |
13-Mar-2012 11:04
Yells: "I buy only what I can see." |
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" TA uses probability" How? |
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monk999
Master |
13-Mar-2012 10:58
Yells: "TA is an art!" |
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yes no system is 100% sure. thats why you need stop loss. TA uses probability..so if price go against you you need to be disciplined to cut loss. different people have different strateges...if your strength is on FA, then focus on it. goodluck!
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settowin
Veteran |
13-Mar-2012 10:56
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That is playing futures, very risky.
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risktaker
Supreme |
13-Mar-2012 10:42
Yells: "Sometimes you think you know, but in fact you dont" |
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for 1 contract u short everyone single point of HSI = SGD $8
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settowin
Veteran |
13-Mar-2012 10:38
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Waiting is actually a game.
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risktaker
Supreme |
13-Mar-2012 10:36
Yells: "Sometimes you think you know, but in fact you dont" |
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Nothing to do now haha except looking at my shorts to turn profit :) |
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settowin
Veteran |
13-Mar-2012 10:30
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Have to wait for confirm means not 100 percent sure? That's why I never use charts too much. It is like believing in a certain superstitious system. One tend to become fanatical in it. Hope you understand.
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monk999
Master |
13-Mar-2012 10:26
Yells: "TA is an art!" |
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the trend has changed for now. here is somthing on renko charts if you are not familiar with it. goodluck! http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:renko InterpretationHollow bricks are bullish, black bricks are bearish - that's the simplest interpretation of Renko charts. Renko charts may be most useful in identifying trends and trend direction. Because they screen out moves that are less than the Brick size, trends are much easier to spot and follow. In order to avoid whiplash periods, some people wait unto 2 or 3 bricks appear in a new direction before taking a position.
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settowin
Veteran |
13-Mar-2012 10:22
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haha, chart reading is for the person to believe his own interpretation of the future. Basically I know use charting too much. I use market fundamentals instead, and not based on individual counter because I believe many shares like to follow in tandem with the market drivers.
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risktaker
Supreme |
13-Mar-2012 10:19
Yells: "Sometimes you think you know, but in fact you dont" |
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I open massive shorts now :) HSI Put Dow Jone Futures Shorted Blue Chips I dont believe tomorrow MARKET STILL UP !!!! HUAT AH 666 |
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settowin
Veteran |
13-Mar-2012 10:16
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Your chart is an uptrend chart. It has a parellelogram down followed by the usual up and another parallelogram in the making. Longer term interpretation is up.
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monk999
Master |
13-Mar-2012 10:04
Yells: "TA is an art!" |
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my advise is still the same..dont be fooled by the rally...short the peaks or sell if you are still holding longs. here is the daily chart if sti using renko charts as of yesterday. dyodd. 
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iPunter
Supreme |
13-Mar-2012 08:45
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Sifu is right... Without short-covering, there will be no " Chiong Aaaaarrrhhh!!!'s" ...lol...  |
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SupremeA
Veteran |
13-Mar-2012 07:37
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Without shorts, there will be no short covering.
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MasterNg9999
Senior |
12-Mar-2012 23:29
Yells: "Isnt Human center of the universe???" |
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LOLOLOLOL.............. its holiday reward after 3 months rally .... Market Shorts At 4 Year Lows, In Hibernation For Second Straight Monthhttp://www.zerohedge.com/news/market-shorts-4-year-lows-hibernation-second-straight-month Following the unleashing of $2.5 trillion in central bank liquidity, market shorts have predictably gone into hibernation, and as the just released NYSE short interest update confirms, the total number of outstanding shorts is at the lowest it has been in the past 4 years for the second month running, at 12.6 billion lets the festive mood starts.......... Cheer
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thunderdoor
Senior |
12-Mar-2012 22:42
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Got such thing meh?!
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