
bought... anyway, long story... 50 lots, bro, come in and join to fun leh.. Go Go Go!
trader9988 ( Date: 02-Feb-2010 09:26) Posted:
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you short this burger?
dam! itchy hand.. never expected to open so high ... Sheet!... now 1.80..
trader9988 ( Date: 02-Feb-2010 09:21) Posted:
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senior liao ah.. congrats.... may your venture sucess...
Vested. Go Go Go
rising from the dead..too oversold..time for a rebound
Is this company highly geared? Anyone has seen its most recent financial statement?
The Candlesticks chart shows that YanLord is starting to trend-up.
The MACD line shows a slight changing from bear to bull.
This is a beginning of a Buy Signal, but it is still weak.
If tomorrow's price goes higher than today's $1.77, that is a clear Buy Signal.
Over the wkend my old friend asked me to "sweep" on monday...but i dont dare too cos DOW down even aft good data...hope i did not miss the u turning boat....
brother dun give up on charting.... up, dwn or flat trend.... the chart tell it all.....follow the trend.......
for me i felt that charting is good when market got no direction or got no good and bad news. Surely not now...
trader9988 ( Date: 01-Feb-2010 21:14) Posted:
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personally, i hv nt regretted using charting(candle sticks) as one of the tools to buy/sell... it is when i go against the chart & emotions over ride the signal of what the chart is trying to tell that i fail to act accordingly ... resulting in losses .....
my 2 cents view....
Well said... the moment you study the chart.... the price already go up or come down.... very time consuming!
tonylim ( Date: 31-Jan-2010 17:47) Posted:
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yanlord is trying to continue with rebounce since last fri & forming a spinning top near the high of last wk but with lesser volume...will it continue its rebounce up? all depend on dow jones & SSE now....
Al is correct, if I may, I would add 6 to it : Know People, I mean good connection with those who make the difference, not people like me and the MFTs hanging around forum sites to gauge sentiments of the market to buy and sell shares.
alexchia01 ( Date: 31-Jan-2010 21:09) Posted:
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Oh yes. One more thing.
5. No Emotion.
Yes. Technical tools alone cannot predict the stock market.
You need 4 things.
1. Understand Market Sentiment.
2. Understand Technical Analysis.
3. Understand Fundamental Analysis.
4. Have a Trading Strategy.
TA is one of the tools to guide trader in timing decisions buy/sell .... FA is important for selecting a good stock for trading/investing .. without these 2 tools, it is like walking blind folded and knocking into wall & injure... example of TA, one can buy Yanlord in Apr 2009 when it cut above the long term 200sma....then hold it till it cut down 200sma in mid jan 2010..... this simple buy & hold strategy will yield a handsome profit of return abt 60% in abt 10 months....provided one is disciplined to follw thru and nt buy/sell base on emotions... just my 2 cents view..
Yes, charting is all rubbish. It is sentiment, economy, news and the bb
ronleech ( Date: 31-Jan-2010 17:30) Posted:
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I met one very old friend of mine couples of years back....was talking about shares and he was my sifu as he was a full time gambler who was living in a 3 storey terrace house.
I told him about the charting and blah blah...guess what he told me??? "Throw away all your charting, you just have to understand, PEOPLE and doing the trading. Charting are no longer a earning tools for trader." Sure enough, less then a year when many are having a bull run past it peak.....the whole world mkt sank way way down......he was outta the mkt before it fell, althought not at its peak......
WAs still wondering, does charting still works???