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No. I don't use chartnexus. I think you have to pay to use their charting tools right?
I won't pay to use the charting tools since I get them for free from my broking firms.
monk999 ( Date: 21-Jun-2010 00:34) Posted:
| Hi Alex, are you using chartnexus? I can also see RSI(14) to be below 70. Maybe your platform is using smoothed RSI. For chartnexus, smoothed RSI (14) is 56.8.
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Is shareking chart accurate for RSI indicator?
Hi Alex,
Thanks for the detailed analysis. For RSI (14d) is about 56.63. Just curious, for RSI, why don't use 7 days instead of 14 days for short term trading? Is it more accurate according to your experience?
Hi Alex, are you using chartnexus? I can also see RSI(14) to be below 70. Maybe your platform is using smoothed RSI. For chartnexus, smoothed RSI (14) is 56.8.
Hi rickyw,
I feel 56% is more accurate than 68%.
RSI is calculated based on the number of up close days and down close days.
However, there are some days that the price closes the same as the previous days.
I think some RSI calculation consider the same close day as a up close day and this greatly increase the percentage.
To me, a same close day should not be calculated and therefore, I feel 56% is more accurate.
This is just my personal view, I'm not a mathematician, so don't blame me if I'm wrong.
rickyw ( Date: 20-Jun-2010 22:09) Posted:
Hi Alex, actually i have same chart with him, using UOB will result RSI 68% and POEMS will result 56% sigh...which one is correct??? Thanks for highlighted this matter, i never realize this different will kill me
alexchia01 ( Date: 20-Jun-2010 21:31) Posted:
1. He uses Price-Volume Divergence over the period of 1 year.
Price-Volume Divergence is used in short-term trading within 1 to 2
months from a trend change. It become meaningless to use this analysis
for more than 3 months. Instead, he should use Price-MACD
analysis for this case. However, the Price-MACD analysis shows that
GoldenAgr is heading up, not down, and there is no indication of this
uptrend not sustainable. 2. He used 50D MA as resistance level and
200D MA as support level. I never seem any analyst uses MA as
resistance or support level. MA is used as an indication of sentiment
momentum and price movement momentum, not resistance/support level. Instead,
he should draw resistance line and support line based on past prices
and use that to determine resistance and support level. 3. His
chart's RSI (14d) is just below 70, but when I generate my charts for
different platforms my RSI (14d) is always below 60. To some analysts,
an RSI above 70 is considered over-brought. How did he get his RSI
to near 70?
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Hi Alex, actually i have same chart with him, using UOB will result RSI 68% and POEMS will result 56%
sigh...which one is correct??? Thanks for highlighted this matter, i never realize this different will kill me
alexchia01 ( Date: 20-Jun-2010 21:31) Posted:
1. He uses Price-Volume Divergence over the period of 1 year.
Price-Volume Divergence is used in short-term trading within 1 to 2
months from a trend change. It become meaningless to use this analysis
for more than 3 months. Instead, he should use Price-MACD
analysis for this case. However, the Price-MACD analysis shows that
GoldenAgr is heading up, not down, and there is no indication of this
uptrend not sustainable. 2. He used 50D MA as resistance level and
200D MA as support level. I never seem any analyst uses MA as
resistance or support level. MA is used as an indication of sentiment
momentum and price movement momentum, not resistance/support level. Instead,
he should draw resistance line and support line based on past prices
and use that to determine resistance and support level. 3. His
chart's RSI (14d) is just below 70, but when I generate my charts for
different platforms my RSI (14d) is always below 60. To some analysts,
an RSI above 70 is considered over-brought. How did he get his RSI
to near 70?
happytrading ( Date: 20-Jun-2010 19:17) Posted:
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Hi Care to share whats wrong with the chart? Very interested to learn and take advice from
you guys the experts and sifus. Cheers!!! |
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1. He uses Price-Volume Divergence over the period of 1 year.
Price-Volume Divergence is used in short-term trading within 1 to 2
months from a trend change. It become meaningless to use this analysis
for more than 3 months.
Instead, he should use Price-MACD
analysis for this case. However, the Price-MACD analysis shows that
GoldenAgr is heading up, not down, and there is no indication of this
uptrend not sustainable.
2. He used 50D MA as resistance level and
200D MA as support level. I never seem any analyst uses MA as
resistance or support level. MA is used as an indication of sentiment
momentum and price movement momentum, not resistance/support level.
Instead,
he should draw resistance line and support line based on past prices
and use that to determine resistance and support level.
3. His
chart's RSI (14d) is just below 70, but when I generate my charts for
different platforms my RSI (14d) is always below 60. To some analysts,
an RSI above 70 is considered over-brought.
How did he get his RSI
to near 70?
happytrading ( Date: 20-Jun-2010 19:17) Posted:
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Hi Care to share whats wrong with the chart? Very interested to learn and take advice from
you guys the experts and sifus. Cheers!!!
alexchia01 ( Date: 20-Jun-2010 15:56) Posted:
Hi marubozu1688, There is so many things wrong with your analysis that I don't even want to comment. I know you are trying to drive people to your website, but at least I expect you to do a correct analysis. Your analysis is so wrong that I doubt you really trade in the stock market. People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh. I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason. |
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GoldenAgr should be trending up to 0.60 :) --- Key word here is trending up :P Not Cheong
happytrading ( Date: 20-Jun-2010 19:17) Posted:
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Hi Care to share whats wrong with the chart? Very interested to learn and take advice from
you guys the experts and sifus. Cheers!!!
alexchia01 ( Date: 20-Jun-2010 15:56) Posted:
Hi marubozu1688, There is so many things wrong with your analysis that I don't even want to comment. I know you are trying to drive people to your website, but at least I expect you to do a correct analysis. Your analysis is so wrong that I doubt you really trade in the stock market. People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh. I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason. |
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Hi Care to share whats wrong with the chart? Very interested to learn and take advice from
you guys the experts and sifus. Cheers!!!
alexchia01 ( Date: 20-Jun-2010 15:56) Posted:
Hi marubozu1688, There is so many things wrong with your analysis that I don't even want to comment. I know you are trying to drive people to your website, but at least I expect you to do a correct analysis. Your analysis is so wrong that I doubt you really trade in the stock market. People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh. I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason.
marubozu1688 ( Date: 20-Jun-2010 12:20) Posted:
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I agree with Alex too but didn't want to comment much, unless you have very "special news" which others don't know. I find the chart beautiful with MACD trending up, anytime next week. The low volume these few days are low when it's going sideways, may be accumulating for more upside. Anytime it breaks 0.55 more upside will start again, best confirmation when break 0.57. Hope newbies will study their own charts and make your own decisions.
alexchia01 ( Date: 20-Jun-2010 15:56) Posted:
Hi marubozu1688, There is so many things wrong with your analysis that I don't even want to comment. I know you are trying to drive people to your website, but at least I expect you to do a correct analysis. Your analysis is so wrong that I doubt you really trade in the stock market. People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh. I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason.
marubozu1688 ( Date: 20-Jun-2010 12:20) Posted:
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Hi marubozu1688,
There is so many things wrong with your analysis that I don't even want to comment.
I know you are trying to drive people to your website, but at least I expect you to do a correct analysis.
Your analysis is so wrong that I doubt you really trade in the stock market.
People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh.
I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason.
marubozu1688 ( Date: 20-Jun-2010 12:20) Posted:
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Thanks for sharing.
Oh i see...I learnt about Stochastics from one who is playing contra...no wonder
I have learnt something from your reply.
Thank you and good luck to all vested.
alexchia01 ( Date: 18-Jun-2010 12:05) Posted:
Hi sarsar, I don't use Stochastics for my TA. Stochastics is good for short-term trading between 1 and 2 weeks. You are right that Stochastics shows that GoldenAgr is over brought and it would come down for a couple of days. In fact, GoldenAgr is already going through a consolidation phase as I'm typing this post. However, I'm a mid-term trader, I'm looking to hold GoldenAgr for as long as the Bull Runs, this may range from 1 months to 9 months. From its MACD, MA30, RSI and Volume data, I can see that GoldenAgr could be one of the good running stock in this Bull Run. This Bull may ends in July or run till the end of the year, I don't know, but I'm prepared to ride this Bull. Good luck to all.
sarsar ( Date: 17-Jun-2010 10:32) Posted:
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Hi alexchia01,
Am looking at the Stochastics, it is showing as over bought and likely a downtrend coming (the blue line pointing downward), but the MACD is like moving up.... pls enlighten us.
Thanks!
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It'll be pretty volatile in the short run.
From the chart, it seems the bullish sign appears again. So I am gonna hold for next few weeks......Good luck to all who vested.
agree...i'm riding also...
alexchia01 ( Date: 18-Jun-2010 12:05) Posted:
Hi sarsar, I don't use Stochastics for my TA. Stochastics is good for short-term trading between 1 and 2 weeks. You are right that Stochastics shows that GoldenAgr is over brought and it would come down for a couple of days. In fact, GoldenAgr is already going through a consolidation phase as I'm typing this post. However, I'm a mid-term trader, I'm looking to hold GoldenAgr for as long as the Bull Runs, this may range from 1 months to 9 months. From its MACD, MA30, RSI and Volume data, I can see that GoldenAgr could be one of the good running stock in this Bull Run. This Bull may ends in July or run till the end of the year, I don't know, but I'm prepared to ride this Bull. Good luck to all.
sarsar ( Date: 17-Jun-2010 10:32) Posted:
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Hi alexchia01,
Am looking at the Stochastics, it is showing as over bought and likely a downtrend coming (the blue line pointing downward), but the MACD is like moving up.... pls enlighten us.
Thanks!
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Hi sarsar,
I don't use Stochastics for my TA.
Stochastics is good for short-term trading between 1 and 2 weeks.
You are right that Stochastics shows that GoldenAgr is over brought and it would come down for a couple of days.
In fact, GoldenAgr is already going through a consolidation phase as I'm typing this post.
However, I'm a mid-term trader, I'm looking to hold GoldenAgr for as long as the Bull Runs, this may range from 1 months to 9 months.
From its MACD, MA30, RSI and Volume data, I can see that GoldenAgr could be one of the good running stock in this Bull Run.
This Bull may ends in July or run till the end of the year, I don't know, but I'm prepared to ride this Bull.
Good luck to all.
sarsar ( Date: 17-Jun-2010 10:32) Posted:
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Hi alexchia01,
Am looking at the Stochastics, it is showing as over bought and likely a downtrend coming (the blue line pointing downward), but the MACD is like moving up.... pls enlighten us.
Thanks!
alexchia01 ( Date: 16-Jun-2010 11:32) Posted:
My chart shows that GoldenArg is just starting to run and will most likely goes higher in the next few weeks to come. I've been accumulating this stock for the last few days and will continue to accumulate till the end of this week. Why do you want to sell now? Your are lucky you have a good broker, most brokers would just accept your order and execute. Good luck to you. |
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This one already factored in the share price. The intention to buy over from AFP already revealed about months ago. So not a bad news though.... I still long about this counter. My average entry price is below 0.50...
cheerfully ( Date: 18-Jun-2010 09:10) Posted:
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difficult to pass 0.545 le. 8k Q on selling.
