Sunday, November 23, 2008

Friday, November 21, 2008

Trend and Cycle

Trend exists, but only 20% of the time.
80% of the time, there is no trend.
Once it trends, its obvious and could be very profitable.

Trend begets trend.
Trendless begets trendless.
Everything is a vicious cycle.
Its akin to putting more wood feeding the fire.
A break or a pause in trend is to be monitored.

Saturday, November 8, 2008

Alone


Friday, November 7, 2008

Signal

Technical Analysis does NOT produce signals all the time...


Hence why we have the concept of momentum

Thursday, November 6, 2008

Do you have what it takes?

I used to believed that all is needed to be successful in trading is skill.


But of course, one needs to have the calmness ie the emotional control not to affect the judgement.

Not to mentioned the discipline to carry out what needs to be done.

One however, must not forget - does he have the time to monitor? Does the trading style suit the timing that he can spare?

Sunday, November 2, 2008

Downside Tasuki Gap


Description from HotCandlestick
http://www.hotcandlestick.com/directory/Bearish%20Downside%20Tasuki%20Gap.htm
1st two days are black days with a down gap between the 1st and 2nd day.
3rd day is a white day which opens within the body of the 2nd day and closes within the gap between the 1st and 2nd days.
3rd day should not fully close the gap.



Compare KLCI and the description of the Downside Tasuki Gap. Looked like the Tasuki Gap is closed isnt it?

Saturday, November 1, 2008

Misfortunes


It seemed that when the market is generous, everyone is happy congratulating everyone while gloating at their successes...

And now that the market is being unforgiving to those who were complacent, many have reared their ugly heads wishing that others were not spared from the disaster that strikes them...

Such is human mentality and psychology... such is...