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Manikamaniko :

The last 3 insights / posts addressed to colorado are real gems !

Should be etched in gold !

Clap ! Clap ! Clap !

 

as asterisk calls it, elfsongs.

haha. damn tired out from attending course. this is elf's fav song, version by dusty springfield, cos i love the sadness in her voice. and the lyrics. jazz and blues have a complexity most modern pop songs lack. enjoy. :)

http://www.ladyjayes.com/windmills.html

 

Colorado... :)
It is good that you are a conscious market player... I am sure you will do well in this game..


For us humans, self-mastery is easier said than done...

All of us are subject to the same temptations and perils of this psychologically complex but mechanically simple business of  buying and selling...  

 

Hi $come$go, you have put stock trading so aptly that I can't agree with you more.  Maybe that's why many consider trading an art rather than a science that you can just pick up.  I've got tons to learn and will continue to learn as long as it takes but I must first have a hold on my fear and greed first.  No point knowing all the technicals if you can master the 2 monsters first.

 

hi Singaporegal... actually it is very affordable to go to Shangrila or Lijiang.. i.e if you go now...the weather is excellent and you can see the Himalayan mtns.. at the background of these two towns...

and Elfichilde... good to note your posts... but I must again disagree with you points about Cosco...  I personally think that this stock would be see some decline for a while... you see, with oil prices consistently above $80 even threatening 90, margins must be eroded...  I would really not want to touch this stock... even now the BBs are unloading  today...

 

Hi guys,

At last I have some breathing space to log on to SJ. I have been having a tough week with work. So many things to do!


The stock market isn't doing too well too. Arrghh!!!  

Hi chinkiasu... I'm really envious of you! 

 

Hi Colorado... :)

Actually, great stock trading is not about how much 'technicals' you know, but rather the art of making things as simple as possible.

It is like playing with plasticine... a graduate architect and engineer will discourse profoundly on the 'technicals' of building architecture, but paradoxially, it is the child (nothing whatsoever referring to Elfinchilde) who has the 'art' of moulding inspirational pieces out of material...  

Regarding paper trading, it is only good as practice in the mechanics of stock trading. But as an real life educational tool, it is as good as useless. This is because the complex human emotions involved in real trading with one's hard-earned cash are a world apart from 'game trading'.

In game trading (ie. paper trading),  a few university graduates one can easily chalk up millions of $$$ within a short period of time. But if they trade with their own earned money, the results will depend on the true chartacter of the individuals. ...

 

elfinchilde :

Thank you very much for ur elaborate explanation : )

 

 

Hi $come$go,

Thank you for your thoughts. I think it is a good idea to have a system in place and be disciplined to stick to it like having a stop-loss rule etc.  Actually, I'm looking for consistent returns as opposed to those get-rich schemes - something my tummy will not withstand ....  neither can my heart take those volatile rides.

I've actually tried using "My Counter" in this SJ forum to "buy" theoretically to see if my reading of the charts are accurate and so far still miss the target but I guess I am getting better.

I'm still in the dark with regards MACD and some other indicators so may need your inputs whenever doubts arise.

Where can you get the BUSD indicators? 

 

 

 

does anyone have info on ara reits ipo?

 

hi all!

back to biz...baseerahmed, how i called for cosco's 'looks set to continue': MACD long term is strong uptrend on reasonably high volume. note, that's longer term.

For short term trading, even intraday, cosco can be predicted by: busd and pure bar charts, bollingers.  

perhaps not so much anything can happen, but that there are patterns, and cosco thus far has been relatively predictable in its movement.

evidence: look at the 3 day breakouts via bollingers (ie, cuts the upper bollie). On SJ charts, bollies come with bar charts too, so:

jun 11-13: jun 11 broke upper band, close of 3.38. morning of jun 12, gapped up on opening at 3.42, hit high of 3.48.

jun 19-21: 19th broke upper bollie, close 3.58. morning jun 20, gapped up on opening at 3.68, hit high 4.04.

jul 11-13: 11th broke bollie, close 4.64. morn jul 12  gapped up on opening 4.88, high 5.2.

this pattern repeats. cf sept 28 to oct 2 and 17th oct to 19th oct.

for those unable to see the patterns still, the conclusions can be drawn as such (pls feel free to put in your opinion; note these are just mine alone):

1) cosco breakouts occur in three day patterns.

2) day two tends to have a gap up on opening--if you find my cosco post, i had posted even before the day that cosco may gap up on opening on the 18th. which it did: 17 oct close was 7.8, 18th opening was 8.05.

3) the highs from opening of second day tend to be abt 20c from opening. the range is 10c to ~50c. So the high i had predicted was actually 8.25 for the 18th; but as a trader (not long term holder), i'd have opted to sell 8.1-8.15 to play safe.

4) despite the volatile intraday range, look at the one year charts: cosco is consistently up. nothing to indicate that this long term trend will not continue. I believe a couple of brokerage houses have called 12 mth targets for cosco at 8.6-8.8.

my own tech count: this time ard, cosco high is approx 8.5 (the high of 8.2 shd be it), thereaft, a retracement is in the works. i do believe that after this retracement (note that there might not be a long term retracement), the count for cosco is actually > $9. look at busd and macro factors: the buy support is too strong.

short term: after day 2, cosco tends to drop a bit, then follow it up with a regaining of strength. you see this same pattern on 18th and 19th oct.

this counter is good for both short and long term plays; since the intraday volatility is high enough to make a profit. can watch out for it tmrw. if i may venture a guess...

first hour will likely see dumping, thereupon a recovery (quick scalp might be possible, but this entirely depends on market tone and busd). but overall for this upcoming week, it should range between whatever its opening is, and ~7.7. (contra trap of T+5 in place from 18th).

hope this helps...

 

Hi Singaporegal, thanks for confirming what I thought...I use macd, rsi and bolli...now trying to understand acc/dis..yes for some counters i could see the relationship but not for this counter..

 

Colorado... :)

What one needs is a system and the unwavering commitment to stick to it. But before one can practise a system effectively, one needs the background knowledge first. And this is where an organised course package comes in.

Whilst One can acquire the necessary knowledge by attending one of the many day-workshops available here, they are, unfortunately rather expensive by comparison. So the alternative is a self-contained package which contains a distillation of stock market knowledge that one can study and internalise at one's own pace. I think this is the best route to take.

As for the benefits of the course/s, like many of the day-workshops, they also teach one how not to 'lose massively' (as opposed to making 'massive profits'). In summary, what they teach is to gain consistent realistic profits rather than massive profits. So one must be careful not to have an erroneous notion that the course/s contain 'get-rich-quick' methods...

 

Hi $come$go,

Wow, I'm so appreciative of you taking the trouble to list down the contents - thank you from the bottom of my heart!!!  If I can get them locally, that would be great but I guess it is out of the question.. hmmm...

May I know how you have benefited from the book besides giving you an overall picture of stock trading?  I have read Martin Pring's book "Intro to TA" and Larry William's "Long Term Secrets to Short Term Trading".  However,I've yet to imbibe what has been espoused so have not really gained during this bull run .  Sian.... Maybe I should reread those books again???!!!

If I may ask,when you first started trading, how did you go about doing it?  Started with one or two counters and went in slowly or did you do it theoretically first?

Thank you for your many contributions, I believe the newbies have gained alot from your experiences.

 

hi Singaporegal, greetings now from Shangrila....   it is really peaceful here. (stocks and shares seem so far away,  )..  excellent scenery, and yes Singapregal they have spa & massage too.... 

ps I will post some sample pics when I get back...

 

Manikammaniko : ) 

oops... forgot to add  " or any other books "

: )

 

 

Manikamaniko : )

Thank you very much for sharing with us the contents of "Genie Stock Market course"  program

Since you have collected books on TA , I think u are the right person to address this question :

between

1) Larry Williams book " Long term secrets to  short term trading "
2) Introduction to Technical Analysis by Martin Pring
3) The :Genie Stock Market Course "

Which would u highly recommend ? Honestly , I still have not got any text-books for reference. Ur insights would be immensely helpful. Thank you . : )




 

 

Manikamaniko, can i get it locally rather than oversea?positively where? faster and safer...thanks for sharing 

 

Tutorial 1: Why Trade?
Why the Stock Market?
Seven Great Things About the Stock Market
Is Trading For Me?
Where to Start
How to Start
Tutorial 2: Trading is (Not) What You Think
For Most, Failure is Inevitable
Trading is All in Your Mind
Your Beliefs Can Destroy You
Some Attitudes that Don?t Work
Don?t Let Your Emotions Take Control
The Zone
Group Psychology
Tutorial 3: Where to Trade
What is the Market?
Trading is Not Gambling
What Makes the Market Go Up and Down?
Trading Style
Trading 101
Market Players
Trading Jargon
Tutorial 4: What to Trade
What to Trade
Why We Don?t like Stock
What are Options?
Why Options?
Option Strategies
Option Pricing
Options 101
How to Find the Best Stocks
Timing is Almost Everything
What Not To Trade
StockMarket Genie Quick Start Guide 4 © 2004 David Chandler & Kaye Murray Quick Start Guide
Tutorial 5: When to Trade ? The Basics
Technical Analysis
Price Action
Charting
Chart
Pattern Recognition
Trends
Volume
Support and Resistance
Channels
Tutorial 6: When to Trade ? Patterns
The Value of Patterns
Candle Patterns
More Patterns
Other Patterns
Gaps
Tutorial 7: When to Trade - Indicators
Patterns Are Almost Enough
Which Ones?
Moving Average
Bollinger Bands
MACD
Stochastic
RSI
OBV
Advance/Decline Line
Sentiment Analysis
Seasonal Factors
Tutorial 8: How to Trade - Survival
Survival
Market Risk
Risk Control
Money Management
Trading with Risk
Stop Losses
StockMarket Genie Quick Start Guide 5 © 2004 David Chandler & Kaye Murray Quick Start Guide
Tutorial 9: Putting It All Together
Trading Truths
Trading Tactics
Trading Systems
The StockMarket Genie Trading Plan
Step 1 ? Stock Selection
Step 2 ? Time the Entry
Step 3 ? Managing the Trade
Step 4 ? Time the Exit
Strategy No 1 ? Buying Calls
Strategy No 2 ? Buying Puts
Strategy No 3 ? Covered Calls
The Rules
Tutorial 10: What Next?
Is trading for you?
The Nine Keys to Success
Where to Now?
The StockMarket Genie Trading Plan
Your Trading Plan
Your Path to Success

Strictly speaking, this Course contains everything you need to know about the stock market and you need only buy one. I buy a few because it is my 'hobby' to collect various authors' works...

 

Hi teresa,

Looking at the TA chart for Yangzjiang,  it seems that the Acc/Dist and Chaikin are heading southwards. However, if you look back at its one year history and compare the price trend with the Acc/Dist chart, you can see that this particular counter doesn't seem to follow the Acc/Dist line.

So I think the Acc/Dist chart may not be accurately applied to this counter. Try other charts like MACD instead.