Boon: I am not trying to take on anybody. All I am looking for is opportunity and consistency. Let's focus on what we can understand and, hence, exploit. If the market proves us wrong, we walk away with a pre-calculated risk -- as simple as that.
NS: Right.
Boon: Yesterday's low was 99.55. No matter what we do, this is the absolute baseline for us. We must get out at all cost when prices go 4 ticks lower than that. Clear?
NS: Yes.
Boon: Buy when the market is pulling back to around 102.5X. Use the 3520-tick and 10,000-share-bar as your guides. Let me know when you are done.
NS: Roger.
----------------------------
Related posts:
9 comments:
Boon,
haha ... could you please explain on this <3520-tick and 10,000-share-bar >
u also use any time frame?
10s
Boon,
Can I get a permission to be able to chat in the live-chat area?
I was wondering what you thought of CPO in the coming 2-3 months? Will it stabilize above RM3100/ton or higher with the help of soybean prices which need to come up more? Or will the bubble let out more air?
von, you are not doing your homework. Swinger has explained to your before about tick charts. A 3520-tick is one of which each candle is made up of 3520 consecutive transactions. A 10,000-share-bar chart is one of which each candle is made up of 10,000 "shares".
Please refer to this about how I deal with time frames:
http://www.bhcinvestment.com/2007/07/5k-to-250k-time-frames-and-propagation.html
naz,
Could you please tell me more about yourself, experience, etc?
I hope you realise that I no longer cover Bursa Malaysia.
The email address you posted is not working.
I have written to both of the email addresses you posted.
Von, Boon is right. You have to read up on charts and candlesticks if you want to learn about TA. There is no free lunch in this world. I started as a beginner too but now i could make some sense when i look at a chart. Read up on Boon's previous posts from 2006 - 2007. Its all there in front of your eyes. Good luck. Swinger
Boon,
Thanks for your lesson. I will remember it.
(2) Thanks for your link. I will study it.
Swinger,
Thanks for your sharing.
have a nice weekend :)
Post a Comment