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I'm not sifu lah ... I'm just a student
iPunter ( Date: 13-Sep-2012 16:25) Posted:
Ah sifu... that's good... I have much to learn from you too... lol... 
chartreader ( Date: 13-Sep-2012 16:21) Posted:
| Mr iPunter, I really share the same view as you this time round |
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As long as every trade can make a couple of clicks will be enough...
But need to be very "
jun" with entry... lol...
cashiertan ( Date: 13-Sep-2012 16:32) Posted:
| well let the price decide my movement. i am happy with few cents profits as you can see from my purchases. the days of big gain of june july is gone. |
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well let the price decide my movement. i am happy with few cents profits as you can see from my purchases. the days of big gain of june july is gone.
For such abig wedge, I don't think the profit potentialwill be that great even with a beautiful breakout...
cashiertan ( Date: 13-Sep-2012 16:22) Posted:
there will always be pullback. the pullback maybe in intra day chart and not eod chart. of course some counters will not create a nice pullback than it is up to your own gut feeling if you wanna enter or not.
so far alot of counters has pullback after breakout.
this counter not that hot as other reit hence i think it will not be a fierce fierce breakout.
iPunter ( Date: 13-Sep-2012 16:19) Posted:
But if the breakout is fierce, there may not be a nice pull-back,
especially if many shorts are cutting loss at the same time... |
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Ah sifu... that's good... I have much to learn from you too... lol...
chartreader ( Date: 13-Sep-2012 16:21) Posted:
Mr iPunter, I really share the same view as you this time round.
iPunter ( Date: 13-Sep-2012 16:13) Posted:
By traditional chart reading, many may think there'll be a big move after breakout...
But personally, I am biased on the down side... But always bet based on your own gut feel...
Don't let my commnets affect your trading... I can be very , very wrong...
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there will always be pullback. the pullback maybe in intra day chart and not eod chart. of course some counters will not create a nice pullback than it is up to your own gut feeling if you wanna enter or not.
so far alot of counters has pullback after breakout.
this counter not that hot as other reit hence i think it will not be a fierce fierce breakout.
iPunter ( Date: 13-Sep-2012 16:19) Posted:
But if the breakout is fierce, there may not be a nice pull-back,
especially if many shorts are cutting loss at the same time...
cashiertan ( Date: 13-Sep-2012 16:16) Posted:
| anyway forgot to mentioned, breakout doesnt mean must buy. wait for retracement to confirm the breakout before entry. |
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Mr iPunter, I really share the same view as you this time round.
iPunter ( Date: 13-Sep-2012 16:13) Posted:
By traditional chart reading, many may think there'll be a big move after breakout...
But personally, I am biased on the down side... But always bet based on your own gut feel...
Don't let my commnets affect your trading... I can be very , very wrong...
cashiertan ( Date: 13-Sep-2012 15:50) Posted:
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spotted this potential gem, close to breakout very soon. |
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But if the breakout is fierce, there may not be a nice pull-back,
especially if many shorts are cutting loss at the same time...
cashiertan ( Date: 13-Sep-2012 16:16) Posted:
| anyway forgot to mentioned, breakout doesnt mean must buy. wait for retracement to confirm the breakout before entry. |
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anyway forgot to mentioned, breakout doesnt mean must buy. wait for retracement to confirm the breakout before entry.
By traditional chart reading, many may think there'll be a big move after breakout...
But personally, I am biased on the down side... But always bet based on your own gut feel...
Don't let my commnets affect your trading... I can be very , very wrong...
cashiertan ( Date: 13-Sep-2012 15:50) Posted:
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spotted this potential gem, close to breakout very soon. |
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spotted this potential gem, close to breakout very soon.
