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The Three Stages of Cultivation - • The first is the primitive stage. It is a stage of original ignorance in which a person knows nothing about the art of combat. In a fight, he simply blo …
plaktoz Posted by plaktoz User Menu on September 23, 2010 at A trader log
Divergence negated. Gap resistance broken and now turns to support! Such a strong bull run, buy what also will go up! Can’t believe it. Ok I seems to be too over le, how about the crowd?
plaktoz Posted by plaktoz User Menu on September 22, 2010 at A trader log
Now trading 41c. Possible Double bottom formation with tp at 45c. Problem with this counter is the liquidity and currently it’d need a lot more volume to confirm the breakout of price. *disclaimers applies. vested since long long time. And what happen on that long bar day. Hope someone can explain to me.
plaktoz Posted by plaktoz User Menu on September 22, 2010 at A trader log
This is the chart I’ve yet to post. Think I’ve forgotten about it. Entry at 35.5c while it is now at line resistance. Will this counter surprise us again? As of now it is have a dark cloud cover. I’m looking to enter more lots when the purple line breaks. The shallower the better to ...
plaktoz Posted by plaktoz User Menu on September 22, 2010 at A trader log
Be aware when the line breaks or more and more bearish candles appear after that. I will be monitoring the 3040 support to see if it holds. Currently the trend is over-extended and hence it will be good to take a break. and build new support before it’s continuation upwards.
plaktoz Posted by plaktoz User Menu on September 22, 2010 at A trader log
I feel like kicking myself at my foot for not able to follow my plan. The trend line is there for me to follow and not to try to pick top and bottom again. A lesson learnt and not to repeat the same mistake twice! If not how to ride the trend?
plaktoz Posted by plaktoz User Menu on September 21, 2010 at A trader log
Will be waiting till the end of day to confirm the closing of candle. Once confirmed, it will be a good time to enter on higher low! Shortist will also cover their short and thus adding to the buying power. Yesterday a reversal signal (actually happening for several days already) and today break trendline with ...
plaktoz Posted by plaktoz User Menu on September 21, 2010 at A trader log
This baby finally made a run, hmmm I mean sprint. It gap up 7 cents and is up by 11 cents currently. The volume is so high that it reaches the 70million half day already, which the daily average is only 35 million. Next few days will be important to see if the resistance can ...
plaktoz Posted by plaktoz User Menu on September 21, 2010 at A trader log
Next few days will be very crucial if the downtrend line can be broken. Today the sentiment is very good with last hour of continuous buy up. Think 35.5c will hold as a support and also confirmed as a major support! Whew. But I will still put my stop loss at 34c if needed. My ...
plaktoz Posted by plaktoz User Menu on September 20, 2010 at A trader log
RBS and Sempra Energy are reportedly close to a deal to bear their jv N American retail business to Noble Grp, with sale price in the low hundreds of millions of dollars. Sempra Energy’s CFO highlighted last Thur that a deal should be announced shortly, without providing any details.
plaktoz Posted by plaktoz User Menu on September 20, 2010 at A trader log
Speaking of this topic, seems like yog is also another gladiator games. We are getting too busy with our day to day life that we forget we are somehow played into the hands of the super rich and law makers. I had a very interesting conversation with my boss about the concept of money, which ...
plaktoz Posted by plaktoz User Menu on September 18, 2010 at A trader log
Take a look at this counter and you’ll be shocked!!!!
plaktoz Posted by plaktoz User Menu on September 17, 2010 at A trader log
Price action is still the leading indicator that’s why classical indicators are so important. This is what hurts me most during my first year of trading.
plaktoz Posted by plaktoz User Menu on September 17, 2010 at A trader log
The stock market has been given a boost with USD falling as it has a inverse co-relationship. Meaning equity and currency move in reverse order. Do watch out for USD breaking the trend line to confluence with the market hitting the top. The important levels to look out for will be the purple arrow. The ...
plaktoz Posted by plaktoz User Menu on September 15, 2010 at A trader log
OTTO Marine Downtrend using counter trend strategy Entry 35.5c S 34c P 40c, 42c Resting at strong classical support. Long tail signify strong support MACD line and histogram divergence, Stochastic divergence.
plaktoz Posted by plaktoz User Menu on September 15, 2010 at A trader log
Currently STI has now broken the resistance. 2 supposedly stock picks for today is StraitsAsia and Noble Grp. Time to look for stocks to long. StraitsAsia and Noble has been consolidating or going downtrend for quite a few months and hence it would be “safer” to buy psychologically.
plaktoz Posted by plaktoz User Menu on September 13, 2010 at A trader log
How not to catch a falling knife
plaktoz Posted by plaktoz User Menu on September 11, 2010 at A trader log
CapMallsAsia is currently making its first retracement after a long symmetrical triangle breakout. Look out for 2.20 to hold with 2.30 as the immediate minor resistance with target price of symmetrical triangle at 2.40 which confluence with the horizontal resistance. What’s good about the technical right now is the price is staying on top of ...
plaktoz Posted by plaktoz User Menu on September 11, 2010 at A trader log
Call to buy on dips for BAC as trend has changed. Currently all indicators are oversold. Wait for the dips before entering to buy.
plaktoz Posted by plaktoz User Menu on September 9, 2010 at A trader log
Noble Grp has made a strong indication of trend change with breaking both the trendline and horizontal resistance at $1.67 accompanied by high volume. Now its a good chance to buy on dips. Nearest support is at 1.67 and resistance at 1.75. Taking half at 1.75 is a good choice if several bearish candlestick happens ...
plaktoz Posted by plaktoz User Menu on September 6, 2010 at A trader log

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