Latest Forum Topics / China Hongxing | Post Reply |
Good News for China Hongxin
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newtothis
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17-Jun-2009 15:08
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I already hinted yesterday the market will be positive today (check my congrats post) and hinted why you didnt ask people go in @ 0.145.... sigh................ give free money also dont want..... |
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richtan
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17-Jun-2009 15:04
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Those whom have bot at 19 cts on their discretion (note: I only post facts, figurs n charts n did not ask people to buy n people have brains to dyodd) n did not cut-loss, only incur paper loss not realised monetary losses but must at all times set a "stop-loss point", this is a necessary prerequsite of trading to minimise losses. For my personal trades, as indicated in my charts, I will exited (profits) the next day, only if it closes below 15 cts, period, no emotions, I plan my trade n trade my plan. This is not an inducement to buy or sell. Dyodd.
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richtan
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17-Jun-2009 14:25
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Trade Summary shows more buyers are buying up by catching from the sellers queue. Not an inducenment to buy or sell. Dyodd. BR9 (China Hongx)
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richtan
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17-Jun-2009 12:00
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Article from Next Insight: CITIGROUP: S-chips still cheap http://www.nextinsight.com.sg/content/view/1217/60/ |
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richtan
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17-Jun-2009 10:04
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No tools n system are infallible just as the info u had about BBs, u too can be played out at times by other BBs tat u are not aware of, but simple common sense will tell u tat no tradesman can work without a tool just as a ship cannot travel in the ocean without a navigation system. Trading without a guiding tool is just like a headless fly with no sense of the trend n direction. To each his own, there are FA practitioner, as well as TA practitioner as wellas both FA/TA practitioner (I belongs to this group), there BB-tracker practitioner just like u but all are not infallible, there is no godly tools in this world.
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newtothis
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17-Jun-2009 06:25
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I know what you are trying to say. But you seems to be sticking to your TA like a godly tool. You can use it as a guide like i say. You should consider other influencing factors as well, that is what i am saying. There is no system in this world that accurately plot the behaviour of BB and predict the course. You can only use it as a guide. I can accurately predict a share 80% of the time the method i am using. (Charts + Many other things) Good luck today.
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richtan
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17-Jun-2009 01:02
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Again, no offence intended n no hard feelings, u claim tat u know TA but it seems either your knowledge of TA is shallow or probably u had forgotten wat u had read or either u are contradicting yourself as u dun really know TA, why I said tat, bcos if u had remembered or mastered TA n read up all those TA books, it is mentioned tat TA is not the "holy grail" n is "not infallible", thus the importance of "Plan your trade n trade your plan" n "set your cut-loss point", this is not said by me but in most TA books. If u are really keen or wish to refresh your knowledge of TA, do some research or or do a search of my posting n read up those few TA books I had previously recommended, it is mentioned in most of these books, eg "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting Techniques" by Steve Nison n particularly in "Trading for a Living" by Dr. Alexander Elder. U are puting words in my mouth, I had n will never in any postings "ask forumers to jump in", I merely post the facts such as "TA analysis", "Time n sales", "Trade Summary" n likewise l will not go to the extent of "advice people to go in at 0.145", dun believe - just look at my below chart posting n I too always mentioned "dyodd", unless u dun know wat is "dyodd" As I had mentioned in my previous posting (dun believe, do a search), I mentioned tat there will always be poor people as not all people read charts, there are those speculators, buying blindly based on friend's tips, even those tat read charts, they may either interpret it wrongly or if they interpret it correctly, there is this element called "unpredictability", thus why TA is not infallible, causing the candles to turn against them, thus the need to set cut-loss point, not possible tat every trades make money. U may be right this time just as I had been right other times but not everytime, thus there is no need to gloat n blow your trumpet as u may be wrong the next time as u can't possibly know all the BBs in the whole world. Also, if u really know or remembered wat u read in those TA books, u should know tat it is a bonus if u know "why the volume shoot-up" but a true TA practitioner do not need to know "why the volume shoot-up", except tat it is important to know n interpret the "price-volume" action just as u dun need to know how a car works to drive a car, how a TV works to watch a TV programme, how a pc works to use a pc, etc, etc, etc.
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richtan
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17-Jun-2009 00:20
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newtothis
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16-Jun-2009 23:55
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LOL. Didnt i mention it did try to plot the behavior of a share ? Maybe I need to be more specific ? :) I do understand TA. Since China Hongx is $0.190 i read your post. At the same time i dispose all my shares. Why ? Because I know a sell off is coming .... You keep asking people to jump in and buy china hongx. If those people really jump in and buy at 0.190 .... How much have they lost ? You tell people to accumulate at $0.190 ... which i signal its too danagerous and your not happy. But what have the recent market prove ? Since your TA is so good, shouldnt you advice people to go in at 0.145 ? If TA can really predict what BBs will do ..... They will be no poor people already. There are so much strategy and so deep in trading shares done by the BB. I know your good in TA and i must admit that it is useful but with TA alone it is not sufficient. When the price shot up with a huge volume do you know what actually happen ?
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richtan
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16-Jun-2009 23:33
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CHHX today formed a doji hammer, a potential possibly reversal candle (see below chart posting) n could possibly head up towards the sloping resistance n also possibly break-up above it, repeating like the previous similar-looking flagpole with sloping channel This is just my opinion, I may b wrong, so dyodd.
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richtan
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16-Jun-2009 23:19
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Sorrry, this is not my baby, as a firm believer n die-hardcore TA practitioner, I dun fall in love with any particular stocks. As a TA practitioner, I plan my trade n trade my plan, I m prepared to take profit the moment it closes below 0.15, period. Sorry, no insult intended, but I m afraid your understanding of TA might be shallow, unless if u are really keen to master TA, read up more TA books n it will tell u tat all human pyschology, sentiments, emotions, greed n fear are all captured in the charts, this is not said by me. U need not believe me in wat I said, if u are seriously keen to verify this facts, research TA books or do a search for the few TA books I had recommended, it is all mentioned in it, to name a few: "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting" by Steve Nison n particularly, in this book: "Trading for a Living" by Dr. Alexander Elder
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foucs6900
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16-Jun-2009 19:47
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Pardon me, can knw wat's BB u guys been mentioned har? tks |
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newtothis
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16-Jun-2009 19:06
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Share is control by people, and this week sell down is by a group of BBs. There is a particular group has been trying to sell down China Hongx for a long time. Therefore based on the market wave, others BB join in the ride. China Hongx will not break $0.22 until you see a significant evidence that China growth can sustain its growth. The fundamentals of China Hongx on paper looks too good to be true. You play shares not just based on charts, You have to consider other factors, such as the market, the operating environment, etc.... You got to have ground people in china to really know whats going on. Chart is trying to plot the behaviour it might work on the same BB sometimes but it often prove to be wrong as others BB will join in and mess up the whole game. If that BB is stronger than the other BB who try to hold. It will ultimately follow suit selling short on other account to cover its losses. The post i say it was selling down was based on my calculation at @2:25pm. With all my information & data on hands. Then I have to meet some important people, so i wasnt inform of the latest development. Anyway i have decided to stop commenting on this share :) since this is your baby. Good luck
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richtan
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16-Jun-2009 18:56
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richtan
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16-Jun-2009 18:48
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No offence n no hard feelings. Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate. Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.
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richtan
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16-Jun-2009 18:38
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hotstock
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16-Jun-2009 16:49
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PPl trying to manipulate buy sell 1 lot or 2 lots at a time. This will not last long as ppl coming to snap up...... closing will be interesting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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newtothis
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16-Jun-2009 14:25
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They have shorters already covered. Preparing for another sell down soon T.T |
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richtan
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16-Jun-2009 14:14
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Yes, I too agree with u, looking at the charts will tell tat it can move up very fast, furious n sharply p as well as down.
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hotstock
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16-Jun-2009 13:07
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Ya I know. I am only suggest to see hourly chart to detect a resurgence. Today is a shortlist day so I guess they have to cover back later... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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