Censof - 1 : 8 bonus issue free warrants (1) for every (8) existing shares, however the entitlement date has not been determined yet.
It is currently hovering @ 0.42. Only a slight upward movement today with barely even some volume (so tiny), after the last two days slide, as it was slightly overbought then. And is currently, still above 50 days MA and 20 days MA, also it is still supported by the bottom trend line.
What will be happening next to this counter? Will it be starting to rise after the entitlement date is out, or will it just stay sideways for the time being?
Not a nice counter to play with. I will try not to touch such counter anymore!
P/S : Thanks Max for your comments and replies. :-) I appreciate it and at the same time i manage to learn something from you too. :-)
No problems. I saw your postings and thought you had much potential though there are some minor things to work on. Thought I busybody and point here and there. If correct, then follow. If not, then dont listen to me. LOLz
ReplyDeleteDaily chart wise is quite difficult to determine its next direction at the current moment. It is still attempting to rebound. Its selloff was due to reaching similar MA setting as on 4 April.
A wait and see approach is advised.
He he.. No la, i would love to have people comment, and i know that you are helping me out instead, no busybody. Yes, i listen and learn from there and from mistakes, if it's pointed out. Otherwise, i wouldn't be able to know if i did anything wrong or not?
ReplyDeleteThanks Max. Actually, i wanted to find out, what sort of time frame charts is better to look at?
Like people always say shorter period, is a shorter term trade. For instance, intraday we use mins charts.
If its a one to two weeks trade or a month and below, what sort of chart would be more accurate? And what sort of tools / indicators to use then?
Still blur.
Basically time frame really depends on your style of trading.
ReplyDeleteOK, example, I use a method called Stage Analysis. You can google about this and you will find the likes of Gerrard Appel (inventor of MACD) commenting about it as well.
Say, I want to make a long position in stocks. So according to Stage Analysis, I would want to aim for a Stage 2 Uptrend play and exit at Stage 3.
Hence, from the point of entry till exit, how many candles would there be?
Of course, cannot be exact but roughly, on average, how many candles are we looking at?
So my view point is this - for 2 weeks play - Hourly chart would be good with reference to Daily Chart. (Dual timeframe method, similar to the Elder's Triple Screen)
2-3 months play, Daily chart with reference to Weekly Chart.
Really it depends on your style of play. You will need to decide soon on your style preference, otherwise, you ll be getting a lot of confusion. :P
Okay, i need to check out about what you were trying to explain here to me, coz i have no idea about the stages and all you were talking about. :-/
ReplyDeleteIt would be best to have more candles am i right? So that we could see better.
So, if its a short term (2weeks) play with daily chart alone, only 14 candles available which might not be too accurate? Hence, we might need a shorter time frame chart to determine its entry, with a confirmation from the longer time frame for its trend?
Actually, true, im kinda confuse, and lost. I do not know how to set a trading plan well, entry, exit and stop loss.
How do i go about it then? Where do i start from?
Erm... ok 2 weeks trade.
ReplyDeleteMeans - enter and exit within 2 weeks.
Daily candles - there are 10 not 14 (5 market days per week :P)
Now there are historical candles for you to refer, so its not the case of the more the merrier. But can the 10 candles satisfy you, ie. is it within the 10 candles you make all the profits you wanted?
The Stage Analysis is most explained in this book:
http://www.amazon.com/Stan-Weinsteins-Secrets-Profiting-Markets/dp/1556236832
Its an old book which was not so popularised and overhyped.
Gerrard Appel only dedicate one single chapter to this stage analysis concept in his book. So, if you re interested to learn more on Stage Analysis, I suggest you grab this book.
My whole trading system is built on this Stage Analysis as a framework. Thereafter, I use other methods which I am comfortable with. Its not necessary to follow bulat-bulat.
Back to trading style, which one suits you most?
1. Small consistent profits on daily or 3 days basis
2. Buy at support, sell at resistance - 2-3 weeks trade
3. Medium views of like 3-6 months
4. Hitting the jackpot, buy upon breakout from downtrend then exit only when trend ends. Timeframe more than 6 months, at times this becomes years.
He he Max
ReplyDeleteHmm.... I do not know which one suits me the most, but i would prefer to have a shorter time frame trades.
I would prefer :
1. intraday trades
2. 2 - 3 weeks trades
For no 3 and 4, i would love that too, but more for an investment purpose.
But i'm very greedy, i want to learn up all the 4 types of trades. He he. However, of course one by one so that i wont get confused then. :P
As Gekko says, Greed is GOOD!
ReplyDeleteOK. What I use is this - one method, switch timeframe on the chart to suit all 4 types. Can be done for all type of systems although I prefer the Stage Analysis methods.
Wa ha ha ha.. okie... as easy as that? lol.. but will that actually be confusing me then? coz my mind is kinda scattered around already..
ReplyDeleteWell, from your posts it does indeed look like its running all over the place. Sometimes, the price differences are quite small but you seemed to be quite particular about it.
ReplyDeleteTimeframe method with triple/dual screen does work for many systems but you will need to understand the typical number of candles from entry to exit. Only then you d be able to use the right timeframe to read the chart.
Timeframe will be an interesting topic actually. Give you an example, while trading forex.
M15 shows a recent break from low and now consolidating sideways.
H1 shows the movement reach a resistance
H4 shows the move is supported by MA and with some more momentum, it will run further upside.
D1 shows the after a intermediate downtrend, the currency rebounded, meeting resistance the fallback to a critical support level. Failure of this support will result in further carnage.
W1 shows sideway movement while trend still remains upwards
So, what to do lar... by the way, this is AUD USD of which I took position this morning with all these information.
Whoa... I am clueless of what u r trying to tell me, M15, H1 & 4, D1.. ???? lol..
ReplyDeleteM15 = 15 min chart
ReplyDeleteH1 = 1 hour chart
H4 = 4 hour chart
D1 = 1 day chart
W1 = 1 week chart
ok, sorry. got it now.
ReplyDelete