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Genting Sing
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GenSp starts to move up again
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BullishTempo
Supreme |
04-Oct-2010 11:00
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22 million buy volume from 2.04 to 2.06, 15 million sell volume from 2.07 to 2.09. Buyers outnumber sellers by 7 million. Profit taking should take place in afternoon, not right now. But I can be wrong. | ||||
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bladez87
Master |
04-Oct-2010 11:00
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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i think so ba. cause you donno how is the resistance, for all you know 1 resistance break down and you see another wall behind. then u also donno what is the support level. in short i think without market depth, you are like a person in a room of darkness, you only know what is 1 step ahead and behind of you. however with lighting in the room, you can move around more freely. guess i will need to get market depth to trade as well.
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crystal1818
Veteran |
04-Oct-2010 11:00
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Ok, thanks. When will be the next good entry price should buy Q lower than sell Q?
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epliew
Supreme |
04-Oct-2010 10:58
![]() Yells: "no worries be happy !" |
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wow, buy now abit high right ?
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bladez87
Master |
04-Oct-2010 10:57
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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thanks but without someone teaching, i cant learn much also. i am simply a copycat. now i know why market depth so important. is like knowing 2 steps ahead of what others know. and in war, every bit of info is important XD
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crystal1818
Veteran |
04-Oct-2010 10:56
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Oic. But if don't have the market depth and it's not possible to see when it's good time to buy with the reduction in sell Qs?
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cannotfind
Elite |
04-Oct-2010 10:54
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Watch out at 2.14!!!!! Guess my trip to Sydney this weekend will be having KING CRAB!!! | ||||
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bladez87
Master |
04-Oct-2010 10:53
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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now all eyes on buy Q, once it drops lower than sell Q prepare to run. comparing the number of buy Q eaten at 2.06 to sell Q eaten at 2.07, if i am not wrong, still quite safe to hold. but not really to enter. | ||||
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BullishTempo
Supreme |
04-Oct-2010 10:53
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Wow you learn very fast !!! ![]()
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eastcivic
Elite |
04-Oct-2010 10:52
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wow! so you are a full-time trader!
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crystal1818
Veteran |
04-Oct-2010 10:51
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Does it means that not safe to go in now since profit taking gonna takes place anytime? Once profit taking takes place, will the price drop? Thanks.
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bladez87
Master |
04-Oct-2010 10:51
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.
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BullishTempo
Supreme |
04-Oct-2010 10:50
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I said it was less riskier to buy when 2.04 broken. Now is 2.06, so if you were faster you should have bought 2.04 when the sell queue was down to 100,000 or so. Or at the latest, you should have bought at 2.05. Now you have to see the market and see whether still ok to go in.
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crystal1818
Veteran |
04-Oct-2010 10:49
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How does CFD works? Thanks.
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eastcivic
Elite |
04-Oct-2010 10:49
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yes, very true!!! ![]()
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BullishTempo
Supreme |
04-Oct-2010 10:47
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The market has run up already, now be vigilant for profit taking. |
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crystal1818
Veteran |
04-Oct-2010 10:47
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What about playing contra? Thanks.
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BullishTempo
Supreme |
04-Oct-2010 10:46
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I trade CFDs not shares. So i can go long or short easily. And I don't usually buy 2 or 3 lots, because trading is my job actually, so I buy more than that.
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crystal1818
Veteran |
04-Oct-2010 10:45
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Pardon my slowness. I don't quite get it. Thanks for the enlightement. Btw, in your earlier post that is to say it's safe to buy now? Thanks.
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BullishTempo
Supreme |
04-Oct-2010 10:44
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You are very welcome. Actually if you follow this rule, you may think that you are making less money in the short term, but actually in the longer term, you will make more money.
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