Technical Analytics & Charts (1)

traderathome · **251** Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 1:54 am

traderathome

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So imho, this run can take us to 5900 on its way up minor resistance around 5500 with next testing @5900.

Hopefully we can offload some around 6200 cheers

So Enjoy the Run... Very Happy

TAH

Last edited by traderathome on Wed Sep 05, 2012 2:39 am; edited 1 time in total

traderathome · **252** Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 2:36 am

traderathome

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Are you seeing...what i am seeing.......@ Start of a Bull Run.....

And where will LLUB be when its breaks the consolidation..... Very Happy

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TAH

My Target is Rs 270/-~Rs 300/- Levels are a possibility.....Anyone sharing my sentiments.....I dont have a time frame,but i can see where this could end up.So its a less risk i have loaded ......

I heard about a chinese stimulus package ........ Very Happy

traderathome · **253** Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 10:01 am

traderathome

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Stimulus is not for the oil market but for its economy.....this could drive the oil prices higher yet again..

Very Happy

LateTackle · **254** Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 11:00 pm

LateTackle

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Thank you

traderathome · **255** Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 11:14 pm

traderathome

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LateTackle wrote:Thank you

wow we got our small click of traders in UAE... Very Happy

TAH

traderathome · **256** Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 2:24 am

traderathome

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I will put the UML Chart tomorrow.....

Stay tuned guys...if any1 was able to study the pattern please go ahead and make my day...its good to have diversified views... here

Dont matter how stupid they may sound guys... Very Happy

That way we all learn

Gud Nite
pirat

traderathome · **257** Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 11:37 am

traderathome

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Looking forward to the minor Resistance around @5550 tested twice in Feb & April this year and failed.

ImHo this may break this time ..owing to bullish sentiments never before compared to previous 2 occasions which were shot lived.

TAH

traderathome · **258** Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 11:51 am

traderathome

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Update on the LWL..........................

The Rounding formation in final ohase and await for confirmation on the B/O....Those who are willing to wait 120 is reasonable target to offload..if you look at the previous PA/

Best of luck
TAH

Very Happy

oooops BTW i am holding this one.....and this is not a BUY or SELL recommendation...so trade with care. I am not responsible for your profits or losses... Basketball

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traderathome · **259** Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 4:36 pm

traderathome

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kav4 wrote:

smallville wrote:I have this AMibroker AFL that shows the HPP patterns without manually trying it.. Even it showed as a Bearish crab (it means the pattern confirmed according to the code).. wonder what kinda calculation it does.

This is why I only stick to normal pattern analysis.. he hee.. After all only the falling wedge gave some meaning..

Can we have that AFL please?

kav very sorry it seems i missed the request...if you browse the early posts of this thread you should be able to find.I remember smallv pasted it...so credit goes to him... Cool

Regards
TAH

traderathome · **260** Re: Technical Analytics & Charts (1) Sat Sep 08, 2012 11:57 pm

traderathome

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2 more BUY LIMIT orders on ACAP & NEST..... Very Happy

I wish i had a 100 more Grands to load JKH so that i can complete my BUYING orders.

Very Happy

NEST i expect min 200Rs appreciation so that 1500 becomes within reach..... Very Happy

ACAP just speculative...i guess this is the only one apart from LIOC wants to play with..... pirat

Looking forward to a sunny week ahead at the bourse.

Happy Trading
TAH

traderathome · **261** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 1:34 am

traderathome

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I am sensing a Bearish Gartley in the formation, and its in the final phase. The patter would complete once 1.27~1.41 Fib level reaches around max of 110~105. So imo we should look for another buying opportunities.

Very Happy

[img][You must be registered and logged in to see this image.][/img]

Thanks TAH

Data courtesy of smallv

D.G.Dayaratne · **262** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 8:45 am

D.G.Dayaratne

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All this Graphs,formula and other measurements are mainly depend on
"RATIONAL BEHAVIOR OF MARKET PARTICIPANTS"
But our people's behavior is not-RATIONAL

You can't see ECONOMIC MAN BEHAVIOR IN SRI LANKA
STOCK MARKET
Any way NO economic reason to come down market in the near future

traderathome · **263** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 9:20 am

traderathome

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D.G.Dayaratne wrote:All this Graphs,formula and other measurements are mainly depend on
"RATIONAL BEHAVIOR OF MARKET PARTICIPANTS"
But our people's behavior is not-RATIONAL

You can't see ECONOMIC MAN BEHAVIOR IN SRI LANKA
STOCK MARKET
Any way NO economic reason to come down market in the near future

Gud morning DG...That why in trading we have to always remember the phrase "Market is Always Right".

Below is an article i found while googling....so i though i will share with every1.

The market is always right. If you are a practicing professional trader that phrase has probably been run past you a few times already. But we always need a reminder. No one is perfect. We all make mistakes, its part of being human. Trying to take revenge on the market for blowing a large chunk of your trading float is normal. In the course of your share trading you may have held on too long to a stock or too short. The thing is we can never pick out the tops and bottoms. We are only there for the ride. We hitch a ride on the trendline and get off once the trend has finished.

If during the course of your share trading you have totally obliterated your account. There is hope. You can always fix your mistakes. You just need to learn from them. The traders who learn the fastest succeed faster. For those who are stubborn and think they can outsmart the market - well you'll soon be humbled (by the market). For those who think I'm venting as a result of my account being smashed. You're wrong.

My share trading is going along fine. As part of my risk management strategy I have recently had to take a few losses - its a part of trading - but every time you hit that exit button knowing you're going to realise a loss - it impacts my emotions. But then, I remember that if I didn't have those stops, I may have lost even more. Discipline and control is the name of the game for share trading.

Thanks & regards
TAH

K.Haputantri · **264** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 9:26 am

K.Haputantri

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Thanks TAH. Its a good explanation with your practical experience.

D.G.Dayaratne · **265** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:15 am

D.G.Dayaratne

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Thank you TAH You are correct

So far no loss for me. I lost
i have earned from stock market After Mrs S
Long ago i was able to recover more than i invested

Thanks again

traderathome · **266** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:32 am

traderathome

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I ask for 75 @1145 some1 sold me 48 Very Happy

of NEST

Whoever that may be Thanks
Go ahead and fill the rest please before the EOD

bounce

traderathome · **267** Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:43 am

traderathome

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Now i need further credit .....facility Razz

my broker wont allow for sure...i will have to ask my wife to lend ...but she wont give.....me and she tells me what i did with the money invested last november. she has more knowledge about cse than me and told me dont invest in cse because its going down...i kept telling her this is a good opportunity to buy...so please help me to make my investment double and become a millionaire at the age of 38 and not 23.she says you have already exceeded the limit and dont trouble her again.so i reminded about the funds we invested jointly at LOLC with islamic investment intrument.she told be dont touch that.....so what do i do ? then i remember that phrase we all of us ought to keep in mind GREED and FEAR will ruin you in the marketttttttttttttt

Very Happy

So no more extra funding to buy JKH

Good luck all
TAH

traderathome · **268** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 12:27 am

traderathome

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traderathome wrote:So imho, this run can take us to 5900 on its way up minor resistance around 5500 with next testing @5900.

Hopefully we can offload some around 6200
So Enjoy the Run...
TAH

[url][You must be registered and logged in to see this image.][/url]

The market could in overbought level around 6000 so some would want to offload .... Basketball

So guys have all options covered....

It could be just a blip but for me i wouldnt wanna take chance this uptrend will be able maintained at this pace...so it may need to take a breather so possibly medium term correction.

cheers

Good luck
TAH

traderathome · **269** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 12:39 am

traderathome

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5900,6000 and 6200 could be turning points for med correction. any1 seeing differently ,please feel free to share your thoughts.....here may be i am reading too much into the chart patterns.1thing is the the targets already met for the rounding bottom......

so do share what ever you see.....on ASI daily chart.

Regards
TAH Basketball

traderathome · **270** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:06 am

traderathome

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traderathome wrote:BFL
This afternoon i purchased few shares of BFL, and thought i would share my thoughts on the purchase.[You must be registered and logged in to see this image.]

major reversal zone around 126/125Rs youwould see the fib levels of 261.8% further below i would place an order around rs 50/- should BFL prices slides further below.I am anticipating the prices to pull to Rs 215/- around Rs 123/-. If we go by AB=CD pattern the next reversal should also confluence around Rs 123/-. Did you notice around 27/7/2011 prices moved up Rs 100/-.perhaps not in the same amounts at least i am expecting 90/-Rs up from Rs 123-125 to have a Lower High established.

Good Luck....

margin Kills you,so trade with your own real money,if you are so desperate to make money,visit the nearest casino to burn your hard earned wealth.Stock trading is not a gamble.I am not responsible for your decisions nor this is an investment advise.this post is only for information purpose.i am neither promoting this share just because i bought it.

A post i did in April this year....i am doing a post mortem and the reversal was around 123 when i drew, and if i saw correct the fell up to 111 or closer....so the magical fib worked and those who doubt technicals do not matter in trading, let it be known that you can not take things lightly or for granted when trading, you need these tools dearly.....

like i say Fundamentals will tell you What to BUY and technicals will tell you when to BUY..as simple as that...
those who followed the stock from PRZ levels please remember your target when entered the trade...and do accordingly..

Always its better to analyse your trading style and look back how effective your analytics...that would boost your morale to think clear....

if you look at my some of the earlier charts they look pretty awful sight Laughing

and i am embarrased Embarassed

Good luck

TAH
lol!

fairbullrun · **271** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:12 am

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Hi TAH,

Could you please indicate factors for following in making a decision,

what are the factors we need to consider for fundamental basis

what are the factors for technical basis

Best
FBR cyclops

traderathome · **272** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:28 am

traderathome

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fairbullrun wrote:Hi TAH,

Could you please indicate factors for following in making a decision,

what are the factors we need to consider for fundamental basis

what are the factors for technical basis

Best
FBR

Hi FBR,
Well fundamentals you can know by looking at quarterly,6month and yearly financial reports which are published in the CSE. You need not be a financial accountant to analyse every thing.

i tend to read the yearly review by the chairman of the company to see what plans for future of course he would be biase when stating such things but you can cross check his track records. Another factor would be the P/E ratio, cash surplus,dividend yield its very important, whether they announce regular dividends,NAVPS EPS and sector P/E. for a starter i would give priority P/E ratio with less than 8 in choosing to invest.

There are may be other factors which you should find through papers ....but not necessarily this can be found here as most members do research and post it for you.

May be slstock, smallv , redbull and others have ocean of knowledge on CSE. and they might give you further insight.....

Regards
TAH

fairbullrun · **273** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:35 am

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Thanks lot for ur valuable time and knowledge, off course, I have observed their contribution to the forum excellent and encouraging
Regards,
FBR Very Happy

traderathome · **274** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:36 am

traderathome

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So i try to keep it simple when getting into fundamentals...i dont want too much complications and interpretations.....once i identify the share i look at the members and would seek advise of few so that to narrow down any doubts, and when the decision is made its my decision and i am totally responsible. i then look at a good entry price and an exit price at the beginning of the trade, with lowest risk i am able to absorb with.

I think covered the fundamental aspect of choosing a counter.

TAH

smallville · **275** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 2:34 am

smallville

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fairbullrun wrote:Hi TAH,

Could you please indicate factors for following in making a decision,

what are the factors we need to consider for fundamental basis

what are the factors for technical basis

Best
FBR

Fundamental -

There are many factors to consider.. Finanacial statements, strength of the balance sheet, debt position, current/liquidity ratios, competitor analysis, industry analysis,
environmental analysis (micro & macro factors), government policies applied to the industry and the future anticipated changes are some.

Technical -

Apart from the basic patters (traingles, bottoms, trend lines, wedges, channels, etc..), the strength of a trend, MA crossovers, MACD/SAR divergence are the things I'm looking at.

important : my way of looking at the market may be totally or a bit different.
And surely on the contrary to the clan of guys who are just following the greater fools.. Twisted Evil

traderathome · **276** Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 10:15 pm

traderathome

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Its still not the time to press the sell button....ASI still has the legs to move.... Very Happy

A close below this level by the end of the week should create some jitters,but i am still bullish biase Very Happy

I am yet to close any trades as individual targets are long way....

Good luck for tmrw

Basketball

traderathome · **277** Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:22 am

traderathome

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Here is an article on mental toughness....

http://www.tradewithprecision.com/files/Mental%20Toughness%20For%20Traders.pdf

fairbullrun · **278** Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:27 am

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Thank you TAH, good one to read, Rgrds, FBR Smile

traderathome · **279** Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:56 am

traderathome

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Few Trading Jokes Very Happy

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

traderathome · **280** Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 2:23 am

traderathome

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Today the market brought us back to earth as most of us were on cloud 9 thinking the rapid upward move we had witnessed last 10 days.

Todays spinning top formation of the daily candle pattern is described as a neutral signal. so we will see tomorrow how the market would behave and decide future course of action.

For me the 5550 should act as the support,but we dont know what the market would offer us tomorrow.

If SEC allows to trade indexes ASI & MPI or S&P, i would BUY ASI @ 5590 SL 5545 TP 5900-6000-6200 Very Happy

so risk is 45 for better reward ratio.

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Technical Analytics & Charts (1)

251 Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 1:54 am

traderathome

252 Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 2:36 am

traderathome

253 Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 10:01 am

traderathome

254 Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 11:00 pm

LateTackle

255 Re: Technical Analytics & Charts (1) Wed Sep 05, 2012 11:14 pm

traderathome

256 Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 2:24 am

traderathome

257 Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 11:37 am

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258 Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 11:51 am

traderathome

259 Re: Technical Analytics & Charts (1) Fri Sep 07, 2012 4:36 pm

traderathome

260 Re: Technical Analytics & Charts (1) Sat Sep 08, 2012 11:57 pm

traderathome

261 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 1:34 am

traderathome

262 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 8:45 am

D.G.Dayaratne

263 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 9:20 am

traderathome

264 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 9:26 am

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265 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:15 am

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266 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:32 am

traderathome

267 Re: Technical Analytics & Charts (1) Mon Sep 10, 2012 11:43 am

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268 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 12:27 am

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269 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 12:39 am

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270 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:06 am

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271 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:12 am

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272 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:28 am

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273 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:35 am

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274 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 1:36 am

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275 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 2:34 am

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276 Re: Technical Analytics & Charts (1) Tue Sep 11, 2012 10:15 pm

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277 Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:22 am

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278 Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:27 am

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279 Re: Technical Analytics & Charts (1) Wed Sep 12, 2012 12:56 am

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