The Trading Floor - December 2013

Discussion in 'The Trading Floor' started by nottibird, Dec 1, 2013.


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  1. nottibird

    nottibird Moderator

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    nottibird Moderator

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  3. nottibird

    nottibird Moderator

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  4. nottibird

    nottibird Moderator

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    .........................................







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    zzzzzz2.jpg












    ............................................
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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    TRADING MANUAL ON HOW TO TRADE THE MARKET SUCCESSFULLY

    Chapter 1 - Understanding How The Market Works
    Chapter 2 - Empower Yourself With A Trading Edge
    Chapter 3 - StockPick : What Stocks To Trade?
    Chapter 4 - Timing Is Everything : When To Go LONG Or SHORT
    Chapter 5 - Market Phenomenons When Trading Opportunities May Open Up
    Chapter 6 - Learn To Read Candlestick Charts And Simple Technical Analysis
     
    Last edited: Jan 17, 2019
  7. nottibird

    nottibird Moderator

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    winwin
    $warrior
    westlake
    halleluyah
    grouchycabi
    Kaze
    money168
    chiong
     
  8. nottibird

    nottibird Moderator

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    [​IMG]


    [​IMG]

    [​IMG]



    [​IMG]

    Bravehearts can consider a SHORT trade meantime to ride her down. Last Done was 2.63.
    If her next attempt to rebound fizzles out, that' s your cue to open a SHORT trade.
    Watch her price action on Monday.
    Friday' s High was 2.66.
    Low was 2.62.
    A failure to retest 2.66 coupled with the making of a New Low below 2.62 is our confirmation that things must get worse
    before it can get better for this corpse.

    [​IMG]


    [​IMG]

    And this is her 1-Yr Daily chart.
    A stock which behaves like this is easy to trade.
    Just BUY her dips and hold till she rises to the ceiling of her uptrend channel or when she cannot rise anymore and U-Turn
    before reaching the ceiling.



    [​IMG]
    This is her 1-Yr Daily chart.
    For now, she is at 1.67 to 1.80 until there is a further shift in her playing field.
    Below 1.67, there is an area of support at 1.61 to 1.63.
    If there is another bout of weakness in the broader market, I believe we will see that area of support tested again.
    So those of you who aleady collected at 1.67 to 1.69, chicken run those lots if you can.


    [​IMG]


    [​IMG]

    [​IMG]

    [​IMG]

    [​IMG]

    [​IMG]

    Capitaland...

    She is resisted by her 50-ema which is currently at 3.20 followed by the ceiling of her downtrend channel roughly at 3.28.
    Beyond that next resistance is 3.36, her 200-ema.
    Support is at 2.99, the floor of her downtrend channel.
    At 2.99, Bro shangli can whack 500 lots and it will surely trigger a buying frenzy amongst the thousands of traders out there.


    [​IMG]

    [​IMG]

    Trading Suggestion:

    1. Start buying when price is at 3.10 and average down if she dips further. Bear in mind that she may dip to her Low Tide at
    2.97. So watch your margin and space out your BUYs so that you can survive any further dip until her U-Turn comes.

    2. To SHORT her, can start collecting at 3.20 and add more to average up if she rises further towards her High Tide at 3.31.
    Just look at her chart above and you can see what happens to her whenever her rocket fuel burns out when she rises to the
    3.20 to 3.31 region. Again, space out your SHORTs and watch your margin at all times. Follow my one-third rule. It will serve
    you well.

    [​IMG]

    [​IMG]
    [​IMG]

    [​IMG]
     
  9. nottibird

    nottibird Moderator

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    [​IMG]

    [​IMG]
    Based on TA, price target is $21.30. Say is lidat say. We take that as a guide. After that we look at the price action and take into
    account external factors to see if she is really heading there. Last Low was $23.95 reached on 30 Oct 2018.
    She closed at $24.66 on Friday. $21.30 means she must shave off $3.36 from her last closing price. Sounds like quite alot to
    shave off. But then again, if the market goes into a correction, for UOB to lose $3.36 is nothing. If there is a correction.

    But if market is not correcting, merely doing the I Mai I Mai and Mole Lan Yong thingy, then what other downside can we look at?
    I pulled out her 5-Yr Daily chart and this is what I saw.


    [​IMG]

    So next Pit Stop for UOB is just below $23.00.
    Last Done at $24.66.
    What is just below $23.00 ?
    Let' s put it as $22.90 for now.
    From $24.66 to $22.90 is a drop of $1.76.
    We watch the price action on Monday and see how.
    Bravehearts who want to SHORT, look for confirmation in the price action first that she is heading down. Then launch your torpedoes.
    Launch in stages. Never all at one go. And have a Plan B if wrong.
     
  10. nottibird

    nottibird Moderator

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    rapiddash
    leex0025
    curiousmoo
    winwin
    luckywarrior
    newtrade
    colorado
    lucky520
    Newbiefan
    healer94
    money168
     
  11. nottibird

    nottibird Moderator

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    Just for the fun of it and also out of curiosity, I wanted to know how many of us who were here in March 2018
    are still here today. The Trading Floor was opened on 14 March 2018. So who were posting here in March and April?
    These people were:

    newtrade
    icarium2

    fightingdragons (last seen here on 7 May 2018)
    JKMaximus
    supernewbie88 (last seen here on 27 Sep 2018)
    investor7
    ToyotaCamry
    Voucherhunter
    laurent_rio (last seen here on 3 May 2018)
    leex0025
    musaddiq (last seen here on 2 Aug 2018)
    [email protected]
    Starship
    Clipper
    sgsgpog
    famouspinky
    pkli899

    guiren
    norispurs
    yellowveggiez
    Jc1234 (last seen here on 8 June 2018)
    curious_moo
    Lucky1316
    noobcake
    gopguppy
    rah228
    nea03177
    Comment
    tanweiming_
    PocketS11
    spore1

    newbie_06
    milopeng
    investor7
    laminaire
    yuzuisland
    cfd138
    77fatcat
    SuperLuckyCorn
    Saylong
    HyperKong
    halleluyah
    jxuann
    Earth90
    newtrade
    shampain (last seen here on 9 Sep 2018 and before that on 28 Jul 2018)
    babystep
    Luzern
    $warrior

    Reo_Reo
    Fire21
    gavini
    jessica0609
    Charlyn
    Starship
    lynmin0197
    tehpeng (last seen here on 30 Jul 2018)
    leongyan
    SibehHeng
     
  12. nottibird

    nottibird Moderator

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    DMA... this is EXACTLY like cash account. You can queue to BUY or SELL.
    Or if you dont want to wait, you can sell to the buyers at the current BUY price or buy from the sellers at the current SELL price.
    A DMA ticket looks like this...


    [​IMG]

    This ticket... you will see ONLY DURING MARKET HOURS. Outside market hours, this ticket will never appear. Becoz it is a DMA ticket.
    DMA means Direct Market Access. So the market must be open to have this ticket to get direct access to the market.
    Look at the yop right hand corner of the DMA Ticket. You see OTC button there? If you click on it, this ticket will change into a Deal Ticket.
    It looks like this...


    [​IMG]

    This Deal Ticket will show you what is the current BUY and SELL prices in the market. When the prices change in the cash market,
    the prices on your Deal Ticket will change too. If you click "BUY", you are buying at the price stated in the box. Click "SELL" and you
    are selling or shortselling at the price in the box.

    Next, do you see a "Force Open box" on the next line below the prices? That's the box you need to check if you want to force open
    a position to do a hedge without closing your existing trade.

    Now look at the top right hand corner of the Deal Ticket...below the DMA and OTC buttons......do you see "Order To Open" ?
    If you click on Order To Open, your Deal Ticket will change to this...


    [​IMG]

    Just click on Direction....to buy or to sell.... and select.
    Then key in your price.....Order Level.
    And the quantity......Size.

    This ticket is available during market hours as well as off market hours.
    If you key in an order using this Order To Open ticket, you do NOT join the queue in the cash market.
    When your stock hits the price of your order, your order is triggered meaning IG will consider whether to fill your order.
    It is at IG's discretion.
    But once the price in the cash market has reached your order price, IG is obliged to fill your order. In such circumstances, there is no
    discretion anymore. IG must fill your order as it will otherwise be unfair. What is "has reached your order price", I will explain with
    illustration below.

    Say your Order To Open ticket contains an order to BUY at 3.01.....if in the cash market, the stock is trading at 3.00 : 3.01, then the
    cash market has reached your order price. In the cash market, people are selling at your price. No reason why IG shouldnt fill up your order.

    If your Order To Open ticket contains an order to SELL at 3.01....if in the cash market, the stock is trading at 3.01 : 3.02, that means people
    in the cash market are buying at the price you wish to sell. No reason for IG not to fill up your SELL order at 3.01.
     
  13. nottibird

    nottibird Moderator

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  14. nottibird

    nottibird Moderator

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  15. nottibird

    nottibird Moderator

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    When you have been in this game long enough, you will come to learn that momentum is a force you must respect and harness
    its power to make it work for you. If you are shepherding one sheep, you can tie a leash around its neck and make it follow you
    and becoz there is only one sheep, you can change direction at will at the drop of a hat including to take sharp left or right turns
    or even to make an about turn. And you will be able to get your one sheep to change direction as per your will instantly. But if you
    alone are shepherding a flock of say, 500 sheep, can you change direction at will instantly? When a flock of 500 sheep is on the
    move, there is a momentum. To change direction requires alot more time. It is alot alot easier to simply go with the momentum and
    continue on the same course until you have reached your destination. Likewise, if you are a retail trader playing with small lots, it
    is easy for you to buy and sell. But if you are a monkey and your plan is to push the price from Point A to Point B and to do that, you
    will be trading anything from 50,000 shares to 100,000 shares or more. With that kind of volume, you cant suka suka change direction
    at your whim and fancy. To achieve your objective, you will have to stay in the same primary direction and move your flock of sheep
    using the momentum you have started at Point A and stay with it right until you reach Point B. Which is why when you trade a stock
    which has a monkey in the driver' s seat, your No. 1 task is to ascertain what is the primary direction of the monkey. Once you have
    figured that out, you will dare to Ka Ka Hoot.
     
  16. nottibird

    nottibird Moderator

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  17. nottibird

    nottibird Moderator

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    [​IMG]

    a1.jpg a2.jpg a3.jpg
     
    Last edited: Aug 29, 2018
  18. nottibird

    nottibird Moderator

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    HI Guys,

    Something has happened. And it concerns all of us here.
    This morning, I received a PM from Admin of SJ.
    This is what it says...

    Hi,

    The Trading Floor thread has been flagged out by Google for having inappropriate adult content. Hence, ShareJunction has
    recieved a warning from Google and our ad serving has been affected by this.

    Please refrain from posting inappropriate adult content on the forum. For your attention and cooperation.

    Admin

    I then sought clarification from Admin...

    Dear Admin,

    So sorry about that.

    Please advise whether the adult content refers to pictures or words. I am curious as to how it works. What is it that we do at
    the forum which triggers the attention of GOOGLE? I need to know this so that I know what not to do in order not to fall within
    GOOGLE' s definition of adult content.

    Thanks for your understanding and assistance.

    Admin replied within minutes...

    At this time, we believe the warning is mainly triggered by the images. However, risque textual input may also trigger warnings too.

    And my reply...

    Dear Admin,

    Thanks for the clarification.
    I will inform users of The Trading Floor thread about this.
    And we will " make adjustments" to tone down things a little.
    Please keep us posted if there is any further development from GOOGLE' s side.
    And we hope you do understand that it is kind of hard for us to comply with GOOGLE' s definition of " inappropriate adult content"
    if we do not know what it is. We are naughty and playful but we don' t post images containing nudity.
    Thanks again.

    ------------------------------------------

    So there you have it.

    So as I understand it, Admin of SJ is not the one who is KPKB-ing about what is posted here. It is GOOGLE. Apparently, GOOGLE will
    not allow their ads to appear in sites which contains " inappropriate adult content" . We all know nudity and pornography are inappropriate
    adult content. But probably these two categories are not all to it. GOOGLE' s definition is wider than that. That' s why our thread has been
    flagged. And its kinda tough to know what not to say if you dont have a list of words which are deemed " inappropriate adult content" .

    So guys, let' s be a little more creative in the way we write. For starters, we can say teets instead of er....(you all know what). [​IMG]
    And say Cume or Com instead of you all know what.

    Let' s see how it goes.
    Thanks guys.
     
  19. nottibird

    nottibird Moderator

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    Recent Lows of Musketeers


    Counter..... AUG LOW...JUL LOW...JUN LOW...MAY LOW

    CCT..............1.69 ............1.65 ...........1.61 ..........1.68
    CMT..............2.13 ............2.02 ..........2.00 ..........2.05
    Suntec..........1.83 ............1.71...........1.63 ..........1.75
    Ascendas......2.71.............2.60...........2.57...........2.62
     
  20. nottibird

    nottibird Moderator

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    upload_2018-9-22_0-18-51.png
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    Attached Files:

    Last edited: Sep 3, 2018
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