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Overbought/Oversold
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guppy724
Member |
08-May-2008 16:58
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taybc1071, you brightened my day. Looks like, i got to do a lot of reading, hehehe..... thanks a lot : ) wishing you good health & happy always..... |
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taybc1071
Senior |
08-May-2008 16:40
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guppy724, try to login to http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve A lot of information you need are there. Happy learning! |
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guppy724
Member |
08-May-2008 15:01
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Master techsys, hope u can help me on how to read the MACD trend. eg what the horizontal red line means, vertcal blue line : sometime above the red & sometime below the red. What does it shows? Thanks a zillion.
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hondastream
Member |
08-May-2008 13:57
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no prblem at all, thanks for telling me about how one can have the q track. elfin, thanks too for your sharing. however what is BUSD data ?
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elfinchilde
Elite |
07-May-2008 22:14
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on a side note: be careful of using queue track/market depth: a lot of the BBs here do fake queues. So it *appears* as tho there's buying/selling pressure, and when they've collected sufficient lots, you'll see the large queues magically *disappear*. you need to really know your counters well, and have back memory of what's controlled and not controlled; what's fake queue, what's not. Essentially, we can never win against the BBs, so the key is to id which BB is playing what counter, and follow the biggest one(s). cos sometimes, they do go against each other. You need to follow the biggest one; since it follows in logic that who has deepest pockets wins. Also, because ultimately, the BBs are human too. And humans always have patterns of behaviour. you learn to recognise their patterns, you can tell who's playing what counter. Note: the above is for daily/short term trading. BUSD data is what works best then, and live charting. |
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newbietrader
Member |
07-May-2008 22:09
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u got to accumulate $300 in commission ie 12 trades for 1 mth. should nt be much of an issue cos tts abt 1 buy/sell trade in 2 days. after tt u will be able to access the market depth and queue track over at the site. u need to be able to access the page in the first place to see. sorry for me answering ur qns if u only want tech to ans it. anyway nt sure if i ans ur qns correctly. if u meant how to interprete the queue track, i think its reasonably easy to understand. study 1 counter and see how the orders work. yup |
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hondastream
Member |
07-May-2008 20:04
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Hi Tech, any idea of the q-track from iocbc,.. on how to use it.? |
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timewatch
Senior |
02-May-2008 15:32
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Thank you, cyjjery85 and techsys. | ||
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techsys
Master |
02-May-2008 12:44
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Try SaxoBank .... I'm Saxo Supporter. ![]() You can try another platform from CMC Market, but my opinion is Saxo has the most powerful proprietary trading platform. |
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cyjjerry85
Elite |
02-May-2008 12:44
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i used Lim & Tan...they have 'live' charts...can customise on the spot for 1-hour, 15-min, 10-min real time charts...personally i will recommend if u like to see intra day charts...10-min ones will be better
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timewatch
Senior |
02-May-2008 12:31
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where can i find a good one hour chart,and what is its subscription fee, per month. thanks | ||
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SmartBear
Member |
02-May-2008 11:02
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thanks for sharing... |
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techsys
Master |
02-May-2008 10:32
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Hi SmartBear, my trading mechanism is not really depending on any indicator actually. Because indicator is too rigid, esspecially in response to SGX's list. I had tried 1 hour chart, also can't help a lot. But knowing indicator is used to know how others will react on particular stock. Bolinger Band for me is trend and market break indicator. There are three lines. If price move in the upper collumn can consider it's uptrend. Other collumn is downtrend. If the band is getting narrow, you need to observe the market carefully. Look at other indicator where it moves. The trick is, if market is getting narrow, for uptrend, you put your long position on the lowest price in consolidation mode, or can be 5-10% from lowest price. Do the same for downtrend, means 5-10% from the highest price for short. This was one my technique in use for bollinger. Bolingger is better be cooperated with RSI and WilliamR in the period of consolidation. In trending mode, bolingger need to be cooperate with MACD. Hope you enjoy my recipe .... |
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SmartBear
Member |
02-May-2008 10:13
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Hi tech ! Bollinger bands are one of my fav, any comment about using this indicator ? Thanks for sharing ! |
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newbietrader
Member |
01-May-2008 22:14
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for the market depth aka bid and ask queue, u can see the various quantity of shares at each price subject to say +/-15 to 20 bids for each counter depending on the brokerage system but u wun noe individually who is queuing how many lots and who are the ppl | ||
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singaporegal
Supreme |
01-May-2008 21:20
![]() Yells: "Female TA nut" |
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Overbought and oversold indicators don't mean much by themselves. This is because a counter can stay overbought/oversold for a period of time. You have to use other charts like the MA, Acc/Dist etc... to determine price trend. The best time to buy is when a counter was recently oversold and the price trend is moving up. Vice versa is true for selling. |
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hondastream
Member |
01-May-2008 15:52
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Market q, .. is it more like the q depth? .... | ||
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Hippo1
Member |
01-May-2008 15:31
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Hi taybc1071,only the broker can see the number of shares queueing for each price. I am not sure if you subscrbe to POEM PRO, can you see that too. Can anyone advice??? For those who trade through internet, you will notice that every transaction done, you can see an double digits to indicate which broking house sell/buy to/from you. Personally, i found this information valuable. It gives you the info who are the buyers and sellers. Avoid going against the big boy - Fund Manager from UBS, JP Morgan, Morgan Stanley, Citicorp and many others. For the code, you can get it from your broker. They have a list of the broking house with the code. I hope i have answer your question. Cheers |
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taybc1071
Senior |
01-May-2008 10:21
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Hi Hippo1, you mean you are able to know the all the respective price queue? I understand that dealer can see all the queue on his system. Is there any way we can identify the name of the buyer or seller from their code? tks
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hondastream
Member |
30-Apr-2008 15:48
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so desh.. , thank you... what is your view on the cpo counter. golden agri. wilmar or even first resou ? no worry it is caveat emptor .. just like to hear some view. |
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