Genting Sing    Last:0.705    -0.005

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ya. the thing about me is , i sell after the drop, not during the drop. that means short term support is there. and buy at the high near resistance. must reflect, if i had cut at .76 and got back in at .72 etc. i would not be in this situation. this further affirms that i need to be decisive next time on cutting loss. 

ya although i think now economy is risky, but charting shows GAR on a short rebound session.

Leinadgnow      ( Date: 16-Nov-2010 21:32) Posted: hey bladez.. i know that you are feeling shitty right now.. about losing your money / portfolio etc.. and telling yourself.. you should have done this or that.. Hell .. you could even beat yourself up and say i shouldnt even have started to chase that high of GAR right at that start when the head and shoulders pattern was so obvious on hindsight!!  What if it doesn't reverse? what if it you waited and it plummet to 0.7.. then you will pat your self on the back and say.. lucky i sold... it's not about hoping.. or luck or i should have... it's about making the right decision at the right time... thats the important point of learning. Now  you make a loss of let's say maybe about 3-5k ... Let's say it goes up for a reverse to about 0.74 or 75 .. u would cut it down to about 2-4k... then what? you would want to try and earn back your 2-4k by saying. HA i can spot the market.. let's try to earn it back.. let's pump in somemore money..  And then you die... cock standing.. Listen.. why not this.. sit out for awhile.. wait for confirmation... the very fact that you agreed with me and say that it is unstable .. and decide to be safe... and then 1 hr plus later tell me you should have waited till then to sell.. simply shows your confusion and doubt.. Money can be made back as long as you have capital and as long as you still have fighting chance.. if you continue try and fight back what you have loss.. it gets worst.. I once lost 38% of my portfolio doing the exact same thing you did.. i lost it in both genting and golden agri myself. and that's why i learnt their charts so well by heart.. I was so depress and down that i failed to see that had i gotten right back into the market with whatever capital i had for both sgx and golden agri and genting again.. i would have cleared 250% of my capital... with minimal risk... You need to clear your head.. see it objectively.. and then when the next boat comes.. be there to ride with it.. i assure you bladez.. you will earn it back. bladez87      ( Date: 16-Nov-2010 21:11) Posted: GAR looks set for a reversal on thurs. should have waited till then to sell.

 

hey bladez.. i know that you are feeling shitty right now.. about losing your money / portfolio etc.. and telling yourself.. you should have done this or that.. Hell .. you could even beat yourself up and say i shouldnt even have started to chase that high of GAR right at that start when the head and shoulders pattern was so obvious on hindsight!! 

What if it doesn't reverse? what if it you waited and it plummet to 0.7.. then you will pat your self on the back and say.. lucky i sold... it's not about hoping.. or luck or i should have... it's about making the right decision at the right time... thats the important point of learning. Now  you make a loss of let's say maybe about 3-5k ... Let's say it goes up for a reverse to about 0.74 or 75 .. u would cut it down to about 2-4k... then what? you would want to try and earn back your 2-4k by saying. HA i can spot the market.. let's try to earn it back.. let's pump in somemore money.. 

And then you die... cock standing.. Listen.. why not this.. sit out for awhile.. wait for confirmation... the very fact that you agreed with me and say that it is unstable .. and decide to be safe... and then 1 hr plus later tell me you should have waited till then to sell.. simply shows your confusion and doubt.. Money can be made back as long as you have capital and as long as you still have fighting chance.. if you continue try and fight back what you have loss.. it gets worst..

I once lost 38% of my portfolio doing the exact same thing you did.. i lost it in both genting and golden agri myself. and that's why i learnt their charts so well by heart.. I was so depress and down that i failed to see that had i gotten right back into the market with whatever capital i had for both sgx and golden agri and genting again.. i would have cleared 250% of my capital... with minimal risk... You need to clear your head.. see it objectively.. and then when the next boat comes.. be there to ride with it.. i assure you bladez.. you will earn it back.

bladez87      ( Date: 16-Nov-2010 21:11) Posted: GAR looks set for a reversal on thurs. should have waited till then to sell. bladez87      ( Date: 16-Nov-2010 19:24) Posted: ya. read a lot of reports and news that QE2 a lot of problems. which is why now market so unstable after the QE2 has been injected. since you share the same view as me, i think thurs, i will close all my outstanding positions just to be safe.

 

I have noticed we have a common affinity...

Leinadgnow      ( Date: 16-Nov-2010 21:25) Posted: i was about to say the same thing.. wow.. who could afford to lose? no body.. hahaa  iPunter      ( Date: 16-Nov-2010 21:21) Posted: If a person loses 50% of his/her capital,     he/she needs to make 100% of the remaining capital just to break even.        It is not that easy to make 100% (ie. double).            Thus, nobody can afford to lose...

 

i was about to say the same thing.. wow.. who could afford to lose? no body.. hahaa 

iPunter      ( Date: 16-Nov-2010 21:21) Posted: If a person loses 50% of his/her capital,     he/she needs to make 100% of the remaining capital just to break even.        It is not that easy to make 100% (ie. double).            Thus, nobody can afford to lose... Citigold      ( Date: 16-Nov-2010 19:42) Posted: For those who can afford to lose, can enter to buy Genting  SP on thursday.

 

Hi people.. i just wanted to say a few things that i think everyone should learn here as a trader .. full time or part time .... i know i have been focussing alot on technical analysis lately but i don't want to give you the wrong information or false information and thus, causing you your hard earn cash. I will write a small review here which i hope that it is understandable.. rather then continuing to give daily analysis on the charts, i feel that i should try to share whatever i know of the charts to you .. so that you can read it yourself and decide on the cause of action to take. I am not a teacher and i'm not here to teach anyone or change their way of trading.. If it's profitable to you.. please continue using your method.. if not, i want to share with you my thoughts and methods on trading and hope that you can learn something out of it.
you cant find any holy grail here or any bible.. what is more important is for you work hard.. to put in the effort and to strive to trade to the best of your abilities.. otherwise... save your cash and don't trade if you intend to lose...

 

Without much further ado.. here i go.. 

 

Before you start each day trading. The golden rules.
Understand that everyday is a different scenario in trading.. never are there two same things.. you can learn from historical charts.. but the market sentiments are very different.
You HAVE to make a trading plan.and adjust them to suit your personality and your risk appetite and portfolio from time to time.. there is not one size fits all answers.

 There is only one golden rule in trading and that is to protect ur capital. Do what ever it takes to protect your capital.Your profit will come if u can protect your capital .

Let the market do what it wants to do.. just learn to follow your method and protect yourself. We dont know the outcome of each trade.Just ensure that your follow your setup.

Trust ur method and follow it. Never change your method if it is profitable. No matter how small the amount is, it is still a profit and you are a winner. If you have to change your method, change yourself and the way you are thinking in order to adjust if you are losing money (that's the only reason why you should change your setup).

If you are a beginner in the market, trade conservatively. Trade cash upfront and 10% of your portfolio to contra..Learn along the way and with minimal damage to your capital.
Stick to something you know.. If you try to follow something you don't know.. most likely you will fail (Try asking a commercial pilot to fly an f-15 airplane)
It's always your fault.. The market never lies.. the market never stops.. the tape doesn't give a shit about you . If you lose money.. it's because your strategy stinks and it's because you aren't efficient yet so don't stop trying and keep learning (with minimal risks of course)


If you are trying a diffferent strategy.. use a different account so you can see which one is more effective. split up your portfoilo to see what works.
Overconfidence kills.. pride kills, hope , fear , greed and ignorance kills.


If you use indicators.. understand what the indicators are telling you.

Trend is your best friend. Never try to fight the trend and call for a reverse without confirmation. Don't try to short the market when it is  going up .. or average down when it is still going down.
After every trade clear your head. If u feel u have to get back the money u just lost, thats a big warning signal. Stop trading right that moment.shut the platform and do something else.
Emotions has no place in successful trading.


its always you who stands in the way of success.. no one else. If u feel lazy or sleepy dont trade.u dont need to trade every day. Trade only when u feel comfortable with ur mind and body condition.

Before the trade always watch a few minutes of the market action.Watch the market for 10-15 mins .. get a feel of things.. where is it going.. the trend.. the movement.. upwards or downwards or sideways..
Most of the time the best decision is to stay side line. Dont over trade.and dont make trading complicated.the more u complicate trading,  the less u will follow your method.

What moves the market?
imbalance of supply and demand moves price.
Price moves in trend . Trend moves in waves. Mostly two type of waves *impulsive waves and *corrective waves
Different ways to trade the different waves (please read up for more of these waves.. i can't type everything here myself)

Alot of my decision making is based on stochastics and RSI (thus all my posts includes stochastics) Why? because stochastics is simply demand and supply. the fundamental theorem of the market. When something is overbought.. it is sold.. and price goes down... (consolidation/corrective waves) .. When it is oversold.. people became to buy back at cheaper price thus jacking up the price higher ... Hence my arguments are based alot on stochastics as well as dd/ss.

When trading!! PLACE THE STOP LOSS PROPERLY.. KNOW WHEN TO STOP LOSS.. YES, it's common to get stop out, but with only a small loss as compared to losing 10% of your portfolio!


Price is the king! Price will tell us what's going to happen next and trading is simple.. all indicators are rubbish without the price action. So many times you don't know what is a price action.. or indicator.. When analyst say buy.. you buy.. when they say go short you sell.... You simply don't care what the price is telling you or the market is screaming out... I trade base on what the market tells me.. and that is price.. Please go and read up on price action .. it is everything!


Timing is everything. We should trade base on what we see and not what we think. You should never trade without price confirmation.

Learn your fibonacci. Learn your eliot wave. Learn your flag formation ... but all these are dependant on the price action.  so learn your price action.



To succed you have to be discipline. This is not a game. Your lifestyle, family and food depends on it. Don't fool around. Keep your emotions in check and most importantly of all.. learn to be patient

Patience is key to the right timing and entry point which is everything.


No setup.. No trading for you.
i read peoples behavior through the charts.
with the charts will know most likely what the professional are gonna do next.
we wont be right 100% thats why we need to use stop loss. Even if we only win 50%, we will still make money with proper money management. Your running trade runs and earns you 10%.. the next trade you lose.. and you set a stop loss at 3% .. you still earn 7%.... Remember.. The only time to not put a stop loss is NEVER.. don't run around naked.. you will get arrested.

 

Okay.. read this and implant it into your head now.. i will go into more details later on .. i need to go and study ... so please try to understand whatever i have said so far.. i will post this up on my blog www.diaryofsingaporetrader.blogspot.com .... and continue my posting both here and there..

 

Daniel.

 

If a person loses 50% of his/her capital,

    he/she needs to make 100% of the remaining capital just to break even.

       It is not that easy to make 100% (ie. double).

           Thus, nobody can afford to lose...

Citigold      ( Date: 16-Nov-2010 19:42) Posted: For those who can afford to lose, can enter to buy Genting  SP on thursday.

 

GAR looks set for a reversal on thurs. should have waited till then to sell.

bladez87      ( Date: 16-Nov-2010 19:24) Posted: ya. read a lot of reports and news that QE2 a lot of problems. which is why now market so unstable after the QE2 has been injected. since you share the same view as me, i think thurs, i will close all my outstanding positions just to be safe. Leinadgnow      ( Date: 16-Nov-2010 19:02) Posted: another downside and trouble that worries me and i bo pian go consult my sifu's is the fact that QE2 is facing alot of resistance by the republicans.. they are afraid of inflation and issues with greenback problem .. and want to pull the plug on QE2.. if that happens.. god bless all those vested right now...   Also, Euro and USA's market are not going to be able to sustain STI right now.. China and hongkong which is definitely going through tightening is going to affect us way more... PRoblem is all 4 are currently being a beach... As such, the market confidence may drop and smash even genting's MA50... If that happens.. really really gg... if that happens and the bottom of the bollingerband/ MA50 is breached (confirmation again please) .. Close your position immediately.. i guarantee it.. and short it to hell to try and make back whatever you have loss...   Cause just as i was about to say that the declining gradient and steep has been more gradual and less sharp.. euro market suddenly down about 1% + again... USA's market might open damn badly tonight .. and we should be happy we have the PH for those who have already sold... cause thursday if wed night euro and usa same thing again.. it's gonna Gap down.  Trade wisely and seek confirmation.

 

For those who can afford to lose, can enter to buy Genting  SP on thursday.  

 

ya. read a lot of reports and news that QE2 a lot of problems. which is why now market so unstable after the QE2 has been injected.

since you share the same view as me, i think thurs, i will close all my outstanding positions just to be safe.

Leinadgnow      ( Date: 16-Nov-2010 19:02) Posted: another downside and trouble that worries me and i bo pian go consult my sifu's is the fact that QE2 is facing alot of resistance by the republicans.. they are afraid of inflation and issues with greenback problem .. and want to pull the plug on QE2.. if that happens.. god bless all those vested right now...   Also, Euro and USA's market are not going to be able to sustain STI right now.. China and hongkong which is definitely going through tightening is going to affect us way more... PRoblem is all 4 are currently being a beach... As such, the market confidence may drop and smash even genting's MA50... If that happens.. really really gg... if that happens and the bottom of the bollingerband/ MA50 is breached (confirmation again please) .. Close your position immediately.. i guarantee it.. and short it to hell to try and make back whatever you have loss...   Cause just as i was about to say that the declining gradient and steep has been more gradual and less sharp.. euro market suddenly down about 1% + again... USA's market might open damn badly tonight .. and we should be happy we have the PH for those who have already sold... cause thursday if wed night euro and usa same thing again.. it's gonna Gap down.  Trade wisely and seek confirmation.

 

another downside and trouble that worries me and i bo pian go consult my sifu's is the fact that QE2 is facing alot of resistance by the republicans.. they are afraid of inflation and issues with greenback problem .. and want to pull the plug on QE2.. if that happens.. god bless all those vested right now...

 

Also, Euro and USA's market are not going to be able to sustain STI right now.. China and hongkong which is definitely going through tightening is going to affect us way more... PRoblem is all 4 are currently being a beach... As such, the market confidence may drop and smash even genting's MA50... If that happens.. really really gg... if that happens and the bottom of the bollingerband/ MA50 is breached (confirmation again please) .. Close your position immediately.. i guarantee it.. and short it to hell to try and make back whatever you have loss...

 

Cause just as i was about to say that the declining gradient and steep has been more gradual and less sharp.. euro market suddenly down about 1% + again... USA's market might open damn badly tonight .. and we should be happy we have the PH for those who have already sold... cause thursday if wed night euro and usa same thing again.. it's gonna Gap down.

 Trade wisely and seek confirmation.

 

Good advice on Genting SP. 

Leinadgnow      ( Date: 16-Nov-2010 18:47) Posted: hey guys.. sorry i just took this really wet and rainy bus ride back cause sister took the car hahaha .. was sleeping till 3+ then ate lunch .. at the same time consulted my gf's mother and my sifu for more information on the market direction and trend.  Okay.. back to charting analysis before i go study again... Bladez.. as you saw my post and my blog... and picture on golden agri.. i think that it might form a W shape rise for a period after consolidation after which it will fall again to meet the MA20 and the middle bollingerband. I don't know what this price will be.. but i think it might hit 0.74 before dropping again .. rising slightly before dropping to meet the MA20... about 0.72/ 0.725... The inverted hammer could be a signal for the start of the W i was talking about in my blog post.... which is shown as 0.73... i'm not a seer.. i cannot tell you what the day HIGH or day LOW will be.. but i think it's possible to approximate the ending day price... I forgot to add this disclamimer.. all my posts are targeted for end day volume/price not for intra day ... That one even warren buffett cannot tell you.. theortically base on their past charts... 2mrw if the market is open .. should fall abit more... before going into the W double bottom shape. ascending triangle for abit.. but it isn't so we will never know..   Also, as i mentioned way before, Genting will hit the MA50 and bottom of the bollingerband. (this criteria has been met) before seeing a rally which is about 3 -5 days from my post... However, due to poor market sentiments and shaky euro ireland issue as well as china's fiscal and monetary tightening policy, i cannot say for sure because there might be a false push following by a down thrust to hit the 1.86 mark of the MA100. But in all honesty, as mentioned in my posts , Genting is a holiday base company and december marks school holidays and winter holidays for many people... as such, i expect them to see an influx of visitors as well as trader's confidence and betting on them... Thus, i highly doubt that they will hit the 1.86 mark of the 100 days MA .... so that only leaves one conclusion, which is ... it will rebound off the bottom of the bollinger and Ma50. In conjunction, an inverted hammer has been seen today on genting charts and i think the time is about soon to go into genting... not yet.. not yet.. but soon. once it shoots past 2.17 towards the MA20.. it is the time to go heavy .. to go hard.. and to go in quick and get out even faster. Make your profits base on your risk appetite and get out of there and wait for the next clear signal.. You don't have to trade and win everyday .. just 1 or 2 good hard hits in 1 month is good enough .. that is my strategy la...

 

the only thing that i am worried about is because of this.. if you haven't realize, the highs has been lower.. and the low has been even lower for both genting and golden agri... Yesterday ..Genting could push to 2.18 and ended 2.09...... today .. only 2.14... and ended 2.10... getting smaller and smaller band... The time when you see it opens at 2.11 high 2.13 and close 2.12/2.11 ... either a harami cross or a doji star would have appeared. See the trend charts for yourself to see whether it is bullish or bearish. 

 

hey guys.. sorry i just took this really wet and rainy bus ride back cause sister took the car hahaha .. was sleeping till 3+ then ate lunch .. at the same time consulted my gf's mother and my sifu for more information on the market direction and trend. 




Okay.. back to charting analysis before i go study again... Bladez.. as you saw my post and my blog... and picture on golden agri.. i think that it might form a W shape rise for a period after consolidation after which it will fall again to meet the MA20 and the middle bollingerband. I don't know what this price will be.. but i think it might hit 0.74 before dropping again .. rising slightly before dropping to meet the MA20... about 0.72/ 0.725... The inverted hammer could be a signal for the start of the W i was talking about in my blog post.... which is shown as 0.73... i'm not a seer.. i cannot tell you what the day HIGH or day LOW will be.. but i think it's possible to approximate the ending day price... I forgot to add this disclamimer.. all my posts are targeted for end day volume/price not for intra day ... That one even warren buffett cannot tell you.. theortically base on their past charts... 2mrw if the market is open .. should fall abit more... before going into the W double bottom shape. ascending triangle for abit.. but it isn't so we will never know..

 

Also, as i mentioned way before, Genting will hit the MA50 and bottom of the bollingerband. (this criteria has been met) before seeing a rally which is about 3 -5 days from my post... However, due to poor market sentiments and shaky euro ireland issue as well as china's fiscal and monetary tightening policy, i cannot say for sure because there might be a false push following by a down thrust to hit the 1.86 mark of the MA100. But in all honesty, as mentioned in my posts , Genting is a holiday base company and december marks school holidays and winter holidays for many people... as such, i expect them to see an influx of visitors as well as trader's confidence and betting on them... Thus, i highly doubt that they will hit the 1.86 mark of the 100 days MA .... so that only leaves one conclusion, which is ... it will rebound off the bottom of the bollinger and Ma50.

In conjunction, an inverted hammer has been seen today on genting charts and i think the time is about soon to go into genting... not yet.. not yet.. but soon. once it shoots past 2.17 towards the MA20.. it is the time to go heavy .. to go hard.. and to go in quick and get out even faster. Make your profits base on your risk appetite and get out of there and wait for the next clear signal.. You don't have to trade and win everyday .. just 1 or 2 good hard hits in 1 month is good enough .. that is my strategy la...

 

You should get the hint, mah...

    Since he is called "Bullish Tempo",

       so when he left the forum and go for a break,

           you should have quickly shorted, mah.

              If you did that, you would have made so much money by now...

                  hehehe..

cannotfind      ( Date: 16-Nov-2010 18:30) Posted: cut? no la.. I want to buy... Remember, BT is on holiday... so bad market. epliew      ( Date: 16-Nov-2010 17:21) Posted: ouch,,,,, sorry brother you have a cut lost mechanism ?   2.09   never mind lah..... as long as u are still alive genting sp will give u more chance to recover lah !

 

cut? no la.. I want to buy... Remember, BT is on holiday... so bad market.

epliew      ( Date: 16-Nov-2010 17:21) Posted: ouch,,,,, sorry brother you have a cut lost mechanism ?   2.09   never mind lah..... as long as u are still alive genting sp will give u more chance to recover lah !   icetomato      ( Date: 16-Nov-2010 17:14) Posted: Haha. That's a good one. But then you really cannotlose

 

Stocks fall as Irish dig in European bourses decline as Ireland remains under pressure to accept a bailout from the EU

 

sian la. i sold today. basket. but it does show reversal signs. if it does gap up on thurs i will be damn sian. haha.

Tropical      ( Date: 16-Nov-2010 17:23) Posted: hmmm....u sure it is white candle today?? anyway, better than black candle huh. hope thursday comes.....the Negative turns out to be Positive! Come on GAR....we know you can Make it! Give us a Surprise.....we love Surprise. haha!!  Greenbean      ( Date: 16-Nov-2010 17:12) Posted: GAR white candle today.  Tomorrow will be sheltered by Public Holy Holiday, hopefully END of RED.  Thursday skies open bright, all losses recovered, profit will be generated.  Happy Holidays.

 

hmmm....u sure it is white candle today?? anyway, better than black candle huh. hope thursday comes.....the Negative turns out to be Positive! Come on GAR....we know you can Make it! Give us a Surprise.....we love Surprise. haha!! 

Greenbean      ( Date: 16-Nov-2010 17:12) Posted: GAR white candle today.  Tomorrow will be sheltered by Public Holy Holiday, hopefully END of RED.  Thursday skies open bright, all losses recovered, profit will be generated.  Happy Holidays. Tropical      ( Date: 16-Nov-2010 17:02) Posted: No choice. Cant do anything now. Just wait and see on thurs how GAR anticipates. Hopefully not so bad.....but not Worst!!

 

Based on the Chart for GAR, an Inverted Hammer is spotted today.

Theory - An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation.

So if Thurs, a gap up is observed, all will can exit or even make profit already.

 

ouch,,,,, sorry brother you have a cut lost mechanism ?

 

2.09   never mind lah..... as long as u are still alive genting sp will give u more chance to recover lah !

 

icetomato      ( Date: 16-Nov-2010 17:14) Posted: Haha. That's a good one. But then you really cannotlose. cannotfind      ( Date: 16-Nov-2010 17:12) Posted: I am cannotfind.. not cannotlose... Damn... all sold out and reached 2.09....