Latest Forum Topics / Trading Techniques |
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The Trading Floor
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CheeryVGoh
Supreme |
08-Dec-2020 14:20
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May I know the legend please, black, green, red = what ema?
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Kazerin
Elite |
08-Dec-2020 14:17
![]() Yells: "Your Stop Loss Is My Profit Target" |
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beware of 1.34 for this riverstone hor if u r long, 1.24 - 1.34 got liquidity gap so sld be able to reach there easily. after that jagar your position.  
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Kazerin
Elite |
08-Dec-2020 14:15
![]() Yells: "Your Stop Loss Is My Profit Target" |
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Bento is in distribution phase now... dont get caught at high... on 24 nov, it has a huge bullish bar. Now, after such a move, what would we expect next ?  it will be more room for the upside then slowly momentum slow before making a pb.  But next day it immediately got slam down and has been trading in the range of the bullish bar. So what will happen next 2 scenarios - first, it cheong up to take out previous high ( take out all the shortist stop loss) then cheong down to take out all the buyers sell stops) and go down.  Second scenario - it cheong down and take out all the buy stops before reverse and cheong up to take out all the sell stops. Think of BB as a pacman and whenever there are liquidity pool or orders big enough, it will surely go and makan them.   
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wavehunter
Supreme |
08-Dec-2020 14:13
Yells: "Trade what you see, not what you hope to see." |
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That was a great movie.  I watched it at least 3 times. 
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wavehunter
Supreme |
08-Dec-2020 14:12
Yells: "Trade what you see, not what you hope to see." |
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CheeryVGoh
Supreme |
08-Dec-2020 14:08
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Thanks Bro for sharing.
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valve2020
Veteran |
08-Dec-2020 14:04
![]() Yells: "life is like stocks, full of ups and downs" |
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Climbing scenario machiam the movie vertical limit....
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wavehunter
Supreme |
08-Dec-2020 13:52
Yells: "Trade what you see, not what you hope to see." |
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He meant Bento. His comments are about Bento based on Bento' s chart and price action.  
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rotijai
Supreme |
08-Dec-2020 13:38
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boss kazerin do you mean bento (only) is now at distribution or the market in general is at distribution?
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wavehunter
Supreme |
08-Dec-2020 13:06
Yells: "Trade what you see, not what you hope to see." |
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Treat each batch as one position. Once in the money, watch out for loss of momentum. If the bounce fizzles out, take your profits first. Imagine all your positions are a team going mountain climbing together and all are held together by a rope. Your climbers are all at different levels of the mountain but are using the same rope held by anchor points  along the way. Let' s say the top climber who is at the highest level loses his footing and he falls. On his way down, the sheer weight and force of his body pulls the 2nd highest climber who also as a result loses his footing and starts to fall. At this stage, you have 2 freefalling members of your team. What do you do? If those below do nothing, they will all in turn also fall. The weight of two falling team members is too much for the 3rd highest climber to withstand. He cant save his fellow climbers either. And so to save himself and those below him, he will have to cut the rope before the 2 falling climbers reach his position.  Likewise if this bounce cannot go all the way to your highest batch but stops short, for me, I will sell those which are in the money and leave those above on their own first than to do nothing and every batch becomes stuck when the price is back at the start of the bounce. But that' s me.  |
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wavehunter
Supreme |
08-Dec-2020 12:47
Yells: "Trade what you see, not what you hope to see." |
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Sis Cheery, CONGRATS. This 1.22 batch is in the money now. If this bounce doesnt go as high as you would like to see, you may want to save those you can first. Becoz if the next dip takes out 1.19 to test 1.15, it will be a waste not to take one round of profits first when you had the chance. 
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Kazerin
Elite |
08-Dec-2020 12:36
![]() Yells: "Your Stop Loss Is My Profit Target" |
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that is abt ambitious, my TP 1 and TP2 will be 2.34 & 2.46  
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CheeryVGoh
Supreme |
08-Dec-2020 11:33
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Bro Wave, What does your TA say about CICT?  
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CheeryVGoh
Supreme |
08-Dec-2020 11:30
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Poems has a technical buy call on CICT today.  Buy Stop : 2.05, Stop Loss : 1.88 Take profit 1 : 2.27, Take profit 2 : 2.52. |
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CheeryVGoh
Supreme |
08-Dec-2020 11:29
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Bro, Thanks ! Still think this stone is undervalued. I picked up somemore at 1.22.  
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wavehunter
Supreme |
08-Dec-2020 11:20
Yells: "Trade what you see, not what you hope to see." |
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Futures at -91. Hmmm.......    ![]() |
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CheeryVGoh
Supreme |
08-Dec-2020 11:18
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President Donald Trump campaigned in Georgia on Saturday for two Republican senators at a rally that some in his party feared could end up hurting, not helping, their chances by focusing on his efforts to reverse his own election defeat. In his first rally appearance since he lost to Democrat Joe Biden in the Nov 3 presidential contest, Mr Trump reminded the chanting crowd that he came to southern Georgia to persuade them to vote Republican in runoffs on Jan 5. But he quickly turned to his repeated claims, made without evidence, of widespread fraud in the presidential election.  " They cheated and rigged our presidential election but we' ll still win it. And they are going to try to rig this election too," Mr Trump told the crowd in Valdosta, who chanted " We love you!" and " Four More Years!" |
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wavehunter
Supreme |
08-Dec-2020 11:16
Yells: "Trade what you see, not what you hope to see." |
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Ya, Sis Cheery.... all the best. Hope she blast off and free up all your POWs. . ![]()
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CheeryVGoh
Supreme |
08-Dec-2020 11:12
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Bro Westlake, Hope Rstone shines soon. Good luck to us.
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wavehunter
Supreme |
08-Dec-2020 11:12
Yells: "Trade what you see, not what you hope to see." |
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Waaa.... " most likely" some more. And " taking out the highs of 4.46" even. If so hor... And provided I can LOON DONT SELL till then.... HUAT arrr !!! But then hor... Me hor.... " most likely" cannot LOON for so long to dont sell one lah.    ![]()
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