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I oredi gave signal yesterday for you all to short this bugger.
wanglausern ( Date: 07-Aug-2012 17:05) Posted:
This counter is in a big mess. The President in charge of looking after all the premium high stake players got caught by CRA for giving kick-back of annual casino entrance levy of $2000 per person.
She who is responsible for promoting their stake gambling has to quit her post by the end of this month. Their revenue from high stake gambling will suffer with her resignation. |
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This counter's chart picture dows not look too good...
No beautiful continuation pattern at all... it appears precarious... lol...
This counter is in a big mess. The President in charge of looking after all the premium high stake players got caught by CRA for giving kick-back of annual casino entrance levy of $2000 per person.
She who is responsible for promoting their stake gambling has to quit her post by the end of this month. Their revenue from high stake gambling will suffer with her resignation.
Someone whose acts controlled by his/her emotions usually is the one to get killed in the market first.
Very easy to see in this forum these types of people. They usually brag about their winning and like to write with big fonts.
My recommendation is for you to stop playing the market before you lost every single cents :-)
U r very right!
And thats why blur shortist die pain pain weeks ago till now :)iPunter ( Date: 06-Aug-2012 21:24) Posted:
Often, it is not a matter of one putting tight stop losses... It is a matter of trading at the right time.
If one trades frequently and at the wrong times, one can expect to be stopped out very often,
and thus be wiped out by the frequent stop-losses alone...
chartreader ( Date: 06-Aug-2012 20:32) Posted:
I plan a tighter stop loss, so the risk reward will be slightly better. Please do your own home work too before deciding, caveat emptor. :-)
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Often, it is not a matter of one putting tight stop losses... It is a matter of
trading at the right time.
If one trades frequently and at the wrong times, one can expect to be stopped out very often,
and thus be wiped out by the frequent stop-losses alone...
chartreader ( Date: 06-Aug-2012 20:32) Posted:
I plan a tighter stop loss, so the risk reward will be slightly better. Please do your own home work too before deciding, caveat emptor. :-)
TradeChancellor ( Date: 06-Aug-2012 19:14) Posted:
| i'm also thinking of a $1.28 entry, with a cut loss at $1.24. There is a resistance at the $1.38-$1.39 level , profit taking around there. risk reward about 4:10. Do you think its a good idea |
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I plan a tighter stop loss, so the risk reward will be slightly better. Please do your own home work too before deciding, caveat emptor. :-)
TradeChancellor ( Date: 06-Aug-2012 19:14) Posted:
i'm also thinking of a $1.28 entry, with a cut loss at $1.24. There is a resistance at the $1.38-$1.39 level , profit taking around there. risk reward about 4:10. Do you think its a good idea?
chartreader ( Date: 06-Aug-2012 16:12) Posted:
| Opportunity to enter at a low risk as it gets closer to 1.285 |
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i'm also thinking of a $1.28 entry, with a cut loss at $1.24. There is a resistance at the $1.38-$1.39 level , profit taking around there. risk reward about 4:10. Do you think its a good idea?
chartreader ( Date: 06-Aug-2012 16:12) Posted:
| Opportunity to enter at a low risk as it gets closer to 1.285 |
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Opportunity to enter at a low risk as it gets closer to 1.285
Sgshares - you're welcome
Thanks for sharing
chartreader ( Date: 04-Aug-2012 09:41) Posted:
Looking at the chart pattern developing and general market direction, there is a high probability that Genting will have a rebound first before another short opportunity will present.
For the purpose of learning and sharing, below are my reasons:
- The fact that the market ignored the bad news e.g. (sell off in Europe), but react to good news (job report), is a sign of bullishness. When market is bullish, most stocks regardless strong or weak ones, all go up.
- Genting is holding up at 1.28-1.285 rather well, so it looks like there is an intention to push it up a bit more and to catch late shortist. Also for shortist, there is not much meat to short at the moment after the price dropped from 1.75 to 1.2
My strategy will be: - Play the rebound at the current price level. Try to enter around 1.285 for the lowest risk entry
- Assess the chart pattern when it approached 1.4-1.45 ... This is probably when another short opportunity will present.
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Looking at the chart pattern developing and general market direction, there is a
high probability that Genting will have a rebound first before another short opportunity will present.
For the purpose of learning and sharing, below are my reasons:
- The fact that the market ignored the bad news e.g. (sell off in Europe), but react to good news (job report), is a sign of bullishness. When market is bullish, most stocks regardless strong or weak ones, all go up.
- Genting is holding up at 1.28-1.285 rather well, so it looks like there is an intention to push it up a bit more and to catch late shortist. Also for shortist, there is not much meat to short at the moment after the price dropped from 1.75 to 1.2
My strategy will be:
- Play the rebound at the current price level. Try to enter around 1.285 for the lowest risk entry
- Assess the chart pattern when it approached 1.4-1.45 ... This is probably when another short opportunity will present.
yes i agree...still downtrend.. probably short it somewhere around 1.35-1.4. SL 1.42 and TP 1.12-1.17.
This is still in a downtrend. Results next week will prove. Good luck.
New123 ( Date: 03-Aug-2012 23:43) Posted:
Mon is going to gap up. $1.40 coming soon.
New123 ( Date: 02-Aug-2012 15:59) Posted:
| Genting Sp may be attempting for a breakout at $1.325 soon |
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It may or may not come down to that price again since
the Dow closed with much strong "
Ooooooomph!!!" ...
TradeChancellor ( Date: 04-Aug-2012 00:54) Posted:
You could try again if if it pulls back to $1.28 on small volume... but cut loss should not be less than $1.245...support at that level recently is weak-- last time support around that level was exactly 2 years ago, during the period 27Jul - 12Aug 2010.
iPunter ( Date: 03-Aug-2012 20:24) Posted:
Very sad... I missed my long @1.28 today by one click...
Low was 1.285... but I am usually very strict with my orders... lol...
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You could try again if if it pulls back to $1.28 on small volume... but cut loss should not be less than $1.245...support at that level recently is weak-- last time support around that level was exactly 2 years ago, during the period 27Jul - 12Aug 2010.
iPunter ( Date: 03-Aug-2012 20:24) Posted:
Very sad... I missed my long @1.28 today by one click...
Low was 1.285... but I am usually very strict with my orders... lol...
chartreader ( Date: 03-Aug-2012 14:27) Posted:
covered short @ 1.285 for some coffee money ... long yanlord, golden agri
US and Asia seems to be holding up well and shrugging off the sell off in Europe yesterday.
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Gratz :)
Mon is going to gap up. $1.40 coming soon.
New123 ( Date: 02-Aug-2012 15:59) Posted:
Genting Sp may be attempting for a breakout at $1.325 soon.
chartreader ( Date: 02-Aug-2012 11:27) Posted:
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Market seems to take a pause after a few days of run up, will be looking into covering my short when the market pull back in the next few days. |
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Shortist backside kanna butter agian ah !!!
LOL !!!
I totally support your approach, which is the result of market experience...
chartreader ( Date: 03-Aug-2012 20:47) Posted:
Entry price is very important ... very easy to get shaken out if entry is wrong. In the past, with lack of experience and greed I tend to enter on market price. It worked well during the bull market before the financial crisis. Everything I hit, mostly it made a profit due to the crazy bull market. But I quickly gave everything back when the bull was over.
Nowadays every time I enter a trade, I've always told myself that my number 1 priority is not to lose money and to protect my capital. Making profit is 2nd. If the price is not at a level I'm willing to pay, I'm happy to give it a pass. I only enter a trade when the price is giving me the opportunity to enter at the lowest possible risk. |
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