Hi Bintang,

I fully agree with your point of view.

By the way, do u have a UOBKH trading account, can use their free "Interactive chart" by chartNexus.

To see the current day candle, I use DBSV.

appreciate your advise brother richtan!!thanks

Hi sandmark,

U are most welcome but my genuine advice to u is trading must not be by gambling nor by gut feeling, u need to do homework, thus why the term "dyodd" which means "do your own due diligence" (homework).

TA means "Technical Analysis", if u are serious about making money thru trading,  never repeat my past horrendous mistakes of listening to tips, rumours n wild calls n recommendations without effort to convince u with facts n figures or charts.

To cut things short, do a search by clicking on my username, richtan n read up all my advice to newbies, my recommended TA books (or u can buy from bookshops),   "Free Tutorial on TA"  n TA expert (see how experts analyse charts) websites.

Do not be to anxious n eager to jump into a "merciless battlefield" where only the knowledgeable tends to win., arm yourself with the knowledge 1st, practice your knowledge on some charts by covering the candles (price bar) n see where u go wrong (but note tat at times, u maybe right but the candles go against u, as TA is not infalllible) n remember by heart the mantras I keep repeating in my posting.

hi all,

i am a newbie in trading...somehow i got a gut feeling n bought some lots of China hongx today after monitoring for a few days... :)

can some1  advise what u guys mean by TA and DYODD?

Hi Bintang,

Many thks for making the effort to post the chart, as I can't see the inverse head n the left shoulder, would appreciate if u can kindly post another chart to include the inverse head n the left shoulder.

Can your charting include annotation, if not u can consider using the free chartNexus from UOBKH.

Sorry  for late reply , I just learnt to post chart . China Hongx has just formed the inverted left shoulder and the head pattern  recently .Because the run up to form the right shoulder was too rush and too fast without any consolidation , therefore the pull back was necessary . Even though it could cross the neckline without any pull back ,  it would also pull back to its neckline when the correction set in . From now on , the price may go sideway to consolidate as well as forming the  right shoulder.

Hi Bintang,

Thanks for your encouragement, we are fellow TA practitioner, so we talk in the same frequency.

Likewise, I also been using TA for 20+ years but initially  I started trading based on tips, rumours n wild calls in other forums till burnt badly thus why I abhors n strongly detest unscrupously postings, seeing history repeats on gullible newbies n seeing them walking the previous miserable  path I had without blowing the whistle..

We, TA practitioner do our TA sharing with ultruistic objective, not like those detractors of TA, accusing us of "ulterior motive" which really pains my heart.

Oh yah, btw, can kindly post your inverse H&S chart to share.

Thanks a lot

hi all,

i am a newbie in trading...somehow i got a gut feeling n bought some lots of China hongx today after monitoring for a few days... :)

can some1  advise what u guys mean by TA and DYODD?

U can also see how the expert analyse charts, eg:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p

Hi Matthewsoh,

My sincere apology, it is not tat I dun want to share with u how to spot buying sign.

Much as I would like to post a few liners on how to see buy sign, it is quite difficult for me to elaborate in one post.

In a nutshell, u need to know wat the candles, price-volume action is "talking to u" but of course, I always mentioned, it is not infallible.

Frankly, there is no shortcut to trading success, it is all thru hardwork n knowledge n practice n review n refining.

I had posted a few good TA books n "Free TA Tutorial" websites, I suggest u do a search under my username, read them up, master it n regularly refresh wat u read n practice it, u need to learn the ropes of the trade. Once u know how to fish, U can fend for yourself n ignore all those distracting"noises" in the forum.