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Genting Sing    Last:0.73    -0.005

GenSp starts to move up again

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BullishTempo
    04-Oct-2010 11:00  
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22 million buy volume from 2.04 to 2.06, 15 million sell volume from 2.07 to 2.09. Buyers outnumber sellers by 7 million. Profit taking should take place in afternoon, not right now. But I can be wrong.
 
 
bladez87
    04-Oct-2010 11:00  
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i think so ba. cause you donno how is the resistance, for all you know 1 resistance break down and you see another wall behind. then u also donno what is the support level. in short i think without market depth, you are like a person in a room of darkness, you only know what is 1 step ahead and behind of you. however with lighting in the room, you can move around more freely. guess i will need to get market depth to trade as well.


crystal1818      ( Date: 04-Oct-2010 10:56) Posted:

Oic. But if don't have the market depth and it's not possible to see when it's good time to buy with the reduction in sell Qs?

bladez87      ( Date: 04-Oct-2010 10:51) Posted:

he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.


 
 
crystal1818
    04-Oct-2010 11:00  
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Ok, thanks.

When will be the next good entry price should buy Q lower than sell Q?



bladez87      ( Date: 04-Oct-2010 10:53) Posted:

now all eyes on buy Q, once it drops lower than sell Q prepare to run. comparing the number of buy Q eaten at 2.06 to sell Q eaten at 2.07, if i am not wrong, still quite safe to hold. but not really to enter.

 

 
epliew
    04-Oct-2010 10:58  
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wow, buy now abit high right ?

crystal1818      ( Date: 04-Oct-2010 10:56) Posted:

Oic. But if don't have the market depth and it's not possible to see when it's good time to buy with the reduction in sell Qs?

bladez87      ( Date: 04-Oct-2010 10:51) Posted:

he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.


 
 
bladez87
    04-Oct-2010 10:57  
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thanks but without someone teaching, i cant learn much also. i am simply a copycat. now i know why market depth so important. is like knowing 2 steps ahead of what others know. and in war, every bit of info is important XD

BullishTempo      ( Date: 04-Oct-2010 10:53) Posted:

Wow you learn very fast !!!  Smiley

bladez87      ( Date: 04-Oct-2010 10:51) Posted:

he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.


 
 
crystal1818
    04-Oct-2010 10:56  
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Oic. But if don't have the market depth and it's not possible to see when it's good time to buy with the reduction in sell Qs?

bladez87      ( Date: 04-Oct-2010 10:51) Posted:

he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.

crystal1818      ( Date: 04-Oct-2010 10:45) Posted:

Pardon my slowness. I don't quite get it. Thanks for the enlightement.

Btw, in your earlier post that is to say it's safe to buy now? Thanks.



 

 
cannotfind
    04-Oct-2010 10:54  
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Watch out at 2.14!!!!! Guess my trip to Sydney this weekend will be having KING CRAB!!!
 
 
bladez87
    04-Oct-2010 10:53  
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now all eyes on buy Q, once it drops lower than sell Q prepare to run. comparing the number of buy Q eaten at 2.06 to sell Q eaten at 2.07, if i am not wrong, still quite safe to hold. but not really to enter.
 
 
BullishTempo
    04-Oct-2010 10:53  
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Wow you learn very fast !!!  Smiley

bladez87      ( Date: 04-Oct-2010 10:51) Posted:

he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.

crystal1818      ( Date: 04-Oct-2010 10:45) Posted:

Pardon my slowness. I don't quite get it. Thanks for the enlightement.

Btw, in your earlier post that is to say it's safe to buy now? Thanks.



 
 
eastcivic
    04-Oct-2010 10:52  
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wow! so you are a full-time trader!

BullishTempo      ( Date: 04-Oct-2010 10:46) Posted:

I trade CFDs not shares. So i can go long or short easily. And I don't usually buy 2 or 3 lots, because trading is my job actually, so I buy more than that.

bladez87      ( Date: 04-Oct-2010 10:43) Posted:

hope you dont mind me asking, but how many lots do you usually trade? i know to trade within my means, but at 2-3 lots per go, i doubt i am fully utilizing the commission. 


 

 
crystal1818
    04-Oct-2010 10:51  
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Does it means that not safe to go in now since profit taking gonna takes place anytime?

Once profit taking takes place, will the price drop? Thanks.



BullishTempo      ( Date: 04-Oct-2010 10:47) Posted:



 

The market has run up already, now be vigilant for profit taking.

 

 
 
bladez87
    04-Oct-2010 10:51  
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he has all his figures key into the system. once the sell Q is gone and resistance broken, all he has to do is type in the password and the transaction goes thru. he does not have to think how many lots, at what price etc. he has already entered it all except the password. when he said it was safe to buy , he always followed up with a becareful of anything drastic, cause once resistance broken , and with his market depth, he can see that the sell Qs are quite small, as such it will propel upwards. but just in case a BB decides to turn the table, he already warned us to be careful. at 2.04 it was safe to enter, now maybe not so.

crystal1818      ( Date: 04-Oct-2010 10:45) Posted:

Pardon my slowness. I don't quite get it. Thanks for the enlightement.

Btw, in your earlier post that is to say it's safe to buy now? Thanks.



BullishTempo      ( Date: 04-Oct-2010 10:38) Posted:

lol you got it  Smiley


 
 
BullishTempo
    04-Oct-2010 10:50  
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I said it was less riskier to buy when 2.04 broken. Now is 2.06, so if you were faster you should have bought 2.04 when the sell queue was down to 100,000 or so. Or at the latest, you should have bought at 2.05. Now you have to see the market and see whether still ok to go in.

crystal1818      ( Date: 04-Oct-2010 10:45) Posted:

Pardon my slowness. I don't quite get it. Thanks for the enlightement.

Btw, in your earlier post that is to say it's safe to buy now? Thanks.



BullishTempo      ( Date: 04-Oct-2010 10:38) Posted:

lol you got it  Smiley


 
 
crystal1818
    04-Oct-2010 10:49  
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How does CFD works? Thanks.

 



BullishTempo      ( Date: 04-Oct-2010 10:46) Posted:

I trade CFDs not shares. So i can go long or short easily. And I don't usually buy 2 or 3 lots, because trading is my job actually, so I buy more than that.

bladez87      ( Date: 04-Oct-2010 10:43) Posted:

hope you dont mind me asking, but how many lots do you usually trade? i know to trade within my means, but at 2-3 lots per go, i doubt i am fully utilizing the commission. 


 
 
eastcivic
    04-Oct-2010 10:49  
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yes, very true!!! Smiley

BullishTempo      ( Date: 04-Oct-2010 10:44) Posted:

You are very welcome. Actually if you follow this rule, you may think that you are making less money in the short term, but actually in the longer term, you will make more money. 

eastcivic      ( Date: 04-Oct-2010 10:40) Posted:

cutting down risks, not making maximum profit

i think i need to imprint these words of wisdom of yours in my head...... hopefully i can tatoo it in my brain, so that it stays there permanently...... thank you!



 

 
BullishTempo
    04-Oct-2010 10:47  
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The market has run up already, now be vigilant for profit taking.

 
 
 
crystal1818
    04-Oct-2010 10:47  
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What about playing contra? Thanks.



Isolator      ( Date: 04-Oct-2010 10:41) Posted:

Can try shorting genting now... Smiley

 
 
BullishTempo
    04-Oct-2010 10:46  
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I trade CFDs not shares. So i can go long or short easily. And I don't usually buy 2 or 3 lots, because trading is my job actually, so I buy more than that.

bladez87      ( Date: 04-Oct-2010 10:43) Posted:

hope you dont mind me asking, but how many lots do you usually trade? i know to trade within my means, but at 2-3 lots per go, i doubt i am fully utilizing the commission. 

 
 
crystal1818
    04-Oct-2010 10:45  
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Pardon my slowness. I don't quite get it. Thanks for the enlightement.

Btw, in your earlier post that is to say it's safe to buy now? Thanks.



BullishTempo      ( Date: 04-Oct-2010 10:38) Posted:

lol you got it  Smiley

bladez87      ( Date: 04-Oct-2010 10:35) Posted:

you key in everything just waiting for the Q to be eaten, then when eaten, you just enter password right. lol


 
 
BullishTempo
    04-Oct-2010 10:44  
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You are very welcome. Actually if you follow this rule, you may think that you are making less money in the short term, but actually in the longer term, you will make more money. 

eastcivic      ( Date: 04-Oct-2010 10:40) Posted:

cutting down risks, not making maximum profit

i think i need to imprint these words of wisdom of yours in my head...... hopefully i can tatoo it in my brain, so that it stays there permanently...... thank you!



BullishTempo      ( Date: 04-Oct-2010 10:35) Posted:

U got it. The key word is cutting down risks, not making maximum possible amount of money. 


 
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