Recent content by bchung3000

Hi everyone im back! Comp crashed few days back...missed the bullish days zzz... Looks like the h&S is really a crappy failure, it's gonna go sideway for these few weeks perhaps, providing it not break the resistance level =D anyway for day trading terms, it's been quite quiet these few days...

Hi dpinpon. Looks like there is a pretty bearish divergence with the MACD. Also with the Mexico index. I think CEMEX is becoming rather choppy to trade. :-0 Hi BJ139 Was it this divergence (one at the left shoulder and one on the head) that you were refering to? vs the dj utilities. Hi...

haha congrats then. looks like you are making a good profit so far. testing 9900 resistance though. siding a little. :D I started a long position @ 9826 just now and made a small profit :D let's do it folks! haha

Hi fleetwood I am also noob that's why this post is a noob post haha. I think you probably mean this..(see pic) if this is true then we'll have a neckline @ 62xx. I'd rather think that this pattern is not going to complete because it took 10yrs to form the right, 4 for the head and now only 1...

Thanks dpinpon for sharing. Looks like there's a pretty strong support for CEMEX and malfunction of H&S pattern for the index, but there seem to be a resistance level @ 32000. Let's keep an eye on it :D Hi fleetwood. Could you elaborate a little like where the head and shoulders are formed? Or...

Hi everyone my skype name is bchung3000 I am a new day trader as well as position trader for the Dow and S&P. Looking for discussions along the trading day as well as end of day. Thank you :D

Hi dpinpon, Sorry about getting you wrong, I am still very new to trading:D However I fear price will continue to drop even if the indicators are likely to bend, and that there should be no way we can predict how low the price will go before it bounces back, which means getting into a long...

Hi timsk I do not totally rely on rumour or analysis from other people, but for reference. I am not really confident on my own analysis actually. So getting the big picture clear would aid me in judging the entry as well as the trading style. Hi bevok Totally agreed with you, the pattern...

Hi timsk actually to be honest i am trying to roughly gauge where it is going to, not the exact point of course, to help me be biased which side i should trade with more caution and which i should trade heavier. What is IMO by the way? Of course we would hope that pattern would complete to...

Hi dpinpon Looks like you are actually trading the pre market, in my opinion i think that it's not very profitable because the price can go haywire during the premarket, bullish this min and bearish the next and it's almost unpredictable. I lost some bucks on that before :D For the last minute...

I noticed that it always goes the opposite direction 15-30min before the close. Not ALL THE TIME though, so i never risk to get into any trade before the close, like 3.30 onwards. May I know how you saw a bounce from there? :D

haha bj139 i think we are having the same problem here. Last night i made a terrible mistake costing me about 50 points. I missed the major support in the daily as well as 1min chart, the 9620 level. I guess day trading is more about small profit, never be greedy, and really stop yourself out...

Thanks for the info BJ139 I guess i have been using the same method for day trading (divergence), with the stochastic. Just that i didnt realise that it's called divergence. Is there Convergence then? I think currently Day Trading would be a better method until the big downtrend is confirmed...

Hi JT Im super new in warrant. so i didnt really understand the 7.20 from 1.90 part..could you kindly explain a little? :D

Hi BJ139 I am actually thinking about the combination of head and shoulder pattern together with elliot wave principle..if starting from 24/04/2010, point 1 at 08/06/2010 and point 2 at 21/06/2010..it doesnt look good to start any long position.. anyway BJ139 could you kindly elaborate a...