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you cannot just use on MACD to determine the trend. MACD is lagging indicator
keepnosecrets ( Date: 15-Sep-2009 15:27) Posted:
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I saw Ocenus, Biosensor, DBS and the STI making a MACD crossing above the signal line one or two days back. They have not moved much and I was afraid of buying them for fear that they might be false moves. Are you watching them?
Yes, u r right.
Tats why whenever there is a breakout, unless it is supported by high vol (unlikely to be a fake if there is high vol), otherwise, I will wait for next day confirmation b4 taking any action.
keepnosecrets ( Date: 15-Sep-2009 15:06) Posted:
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Tks Rich Tan. So normally fakes are intended to mislead before they revert to the correct trend?
It is true tat TA can be manipulated in the short-term but very unlikely for the long-term trend, thus why there is such thing as head fakes (false breakout) n fake candles n at times need to wait for confirmation candle or it must be supported by vol n better still if confirmed with other lagging indicators.
keepnosecrets ( Date: 15-Sep-2009 14:40) Posted:
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It is true that TA can be manipulated. All you need is a worksheet like Ms Excel, and you can experiment with the moving averages. The next day figures can be tested to see what price to cross the MAs, things like that. But of course if there is no manipulation of the charts, you can rely on it after confirmation a day or two later in conjunction with other indicators.
But, without them, we cant buy stocks at cheap price. LOL
They use different people's account (e.g. friends or relatively/family members) to buy and sell too. Company CEO/directors etc also do the same cos if they use their own name to buy/sell too often,, SGX will query.
this is just a very simple example. It is more complicated when more BB are involved. Some of the techniques they deployed are used to counter TA. But TA is perfect for entry & Exit point though. (over brought and over sell cannot be fake la)
niuyear ( Date: 15-Sep-2009 12:40) Posted:
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...reminds me of high frequency trading allegedly done by some brokerage firms which have been the scourge of Wall Street
risktaker ( Date: 15-Sep-2009 12:27) Posted:
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Do share more, you are donig a good deed and its also good for your next generation.
Cheaters usually will be punished in someways or others, may be , got their hands chopped off, legs cut off., or they cant have children or become insane or etc...............hahaha!
risktaker ( Date: 15-Sep-2009 12:27) Posted:
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I share with you guys 1 time only ok :)
PT = Proprietary trader are firm's traders which they actively trade
stocks using house money (Sharing profit & lost with the firm) are
the Real Big Boys behind all the movement of stocks. ( You seen prices
of share @ opening & closing @ many times higher than the actual
stock price ? These are the work of PT )
BB = including big time remisiers, Margin Players, Syndicates, and big Private retail gamblers. Ok give you 1 simple case study. ABC is PT trader in X1 firm. AAA is PT trader in X2 firm.
They are both friends working in different company but they will someone meet up after work to discuss the plan for tomorrow :)
Code sign to sell, buy, hold, Shorting and the list of target stocks for tomorrow game plan. I cannot go into further details of that hope you understand.
Anyway one of them will be Shorter and 1 of the buyer.
0830 - 08:59 Pre - Trading. By this time they already know which stocks to enter.
Usually when the market sentiments are bad. The Short account will start shorting. They usually will create a strong selling presence in the stock they targeted. In this case ABC is shorter. ABC decided to throw a huge road block of 2000 lots on the sell queue. There comes the selling pressure when he off loaded huge amount of stocks like 1000 - 2000 to buy account.
Letting the share price falls other weaker holders (Contra players) will started to sell where the AAA account will buy up more shares at lower price. Thus averaging down its holder share price.
Once AAA account has hold enough amount of shares. The Short account will started to cover its position therefore pushing up the price. It will eat up fast covering most of its short at a lower price so ABC can make a profit. (Sell high buy Low)
AAA will make a profit because he is selling its shares at a higher price as ABC is covering its short position.(Buy Low Sell High)
At least 10-15% of the volume will be sold to retail players as they chase the price. Soon after the share didnt move :)
Many will wonder why .... so much volume leh but it falls or didnt move at all. Because you are the last man holding the ball ; all shares have been covered and BB already exit. Usually all these trades are done Intraday - All done in 1 day.
This is just 1 small simple example. Trading has much more tricks than this. Good luck. I might reveal more .... maybe
BB = including big time remisiers, Margin Players, Syndicates, and big Private retail gamblers. Ok give you 1 simple case study. ABC is PT trader in X1 firm. AAA is PT trader in X2 firm.
They are both friends working in different company but they will someone meet up after work to discuss the plan for tomorrow :)
Code sign to sell, buy, hold, Shorting and the list of target stocks for tomorrow game plan. I cannot go into further details of that hope you understand.
Anyway one of them will be Shorter and 1 of the buyer.
0830 - 08:59 Pre - Trading. By this time they already know which stocks to enter.
Usually when the market sentiments are bad. The Short account will start shorting. They usually will create a strong selling presence in the stock they targeted. In this case ABC is shorter. ABC decided to throw a huge road block of 2000 lots on the sell queue. There comes the selling pressure when he off loaded huge amount of stocks like 1000 - 2000 to buy account.
Letting the share price falls other weaker holders (Contra players) will started to sell where the AAA account will buy up more shares at lower price. Thus averaging down its holder share price.
Once AAA account has hold enough amount of shares. The Short account will started to cover its position therefore pushing up the price. It will eat up fast covering most of its short at a lower price so ABC can make a profit. (Sell high buy Low)
AAA will make a profit because he is selling its shares at a higher price as ABC is covering its short position.(Buy Low Sell High)
At least 10-15% of the volume will be sold to retail players as they chase the price. Soon after the share didnt move :)
Many will wonder why .... so much volume leh but it falls or didnt move at all. Because you are the last man holding the ball ; all shares have been covered and BB already exit. Usually all these trades are done Intraday - All done in 1 day.
This is just 1 small simple example. Trading has much more tricks than this. Good luck. I might reveal more .... maybe
it's time for the giant to awaken!!!!!!!!!!!!
pls don't go back to sleep hor.. keke
"Trade Summary" at this point in time shows more buying-up, but of course, nothing is
guaranteed, may change, so dyodd n BOSAYOR:
5EN (MIDAS)
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moving now.. the push up begins..
bollinger bands are so tight!..
on the verge of a breakout..
that's the fact :)They wanted to sell high. At least someone here know it
iPunter ( Date: 14-Sep-2009 21:36) Posted:
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More likely, big boys keep the price high to release slowly... 
thomas_low ( Date: 14-Sep-2009 21:11) Posted:
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Hear people say BB is trying to keep the price down to collect, anyone spotted evidence on this?
SSE up 1.42 %.. midas in slumber again..