Trading Chart

Reyoung

2006-08-31T18:37:00.000+08:00

OSIM

2006-08-22T14:41:00.000+08:00

BUY 1.68

STOP 1.64

Hengxin

2006-06-16T11:22:00.000+08:00

SSH

2006-06-16T11:02:00.000+08:00

Global Test

2006-06-16T10:22:00.000+08:00

Tracking Parabolic SAR

Trading Basics

2006-06-04T17:39:00.000+08:00

The market has 4 basic phases and no trading system is suited to all of them. Some systems are suited to Phases 1 and 3, when the market is ranging, while others are designed to trade the trends in Phases 2 and 4. Trend-trading systems are more popular as they require less time and normally generate larger returns.

Trading Trends

The object of trend-trading is to go long at the transition from Phase 1 to Phase 2 and to exit before Phase 4. Some models also short the market during Phase 4, but this should be left to experienced traders .

Successful systems are built around the following principles:

Selecting securities.Use Stock Screens to identify potential Market Leaders.
Market direction.(a) Decide on the Time Frame that you are trading. (b) Confirm the Market Direction using a suitable trend indicator.

Trend direction.Using the same indicator, check the Trend Direction of each security.
Entry signals.(a) Take Entry Signals from a suitable momentum oscillator.(b) Use Trailing Stops to time entry and exit points.

Stop losses.(a) Set Stop Losses as soon as your trade is confirmed.(b) Do not exceed the Maximum Acceptable Loss.(c) Be technically consistent when Setting Stop Levels. (d) Adjust Stop Levels over time to protect your profits.

Exit signals.Take Exit Signals from a suitable trend indicator.

A Word Of Caution

These are typical steps that a trader will follow in deciding what stocks to buy, when to buy them and when to sell. It is not a magic formula, but consistent use should enhance your investment performance.

Trading methods can be compared to a carpenter's tools: Skilled use can produce outstanding results but unskilled use may lead to injury. Learn to use your trading tools properly before committing any capital. Study the behavior of the indicators over several years, learn their strengths and weaknesses and how they interact with each other and with the market. Start with a small amount of capital and only increase this when you are confident that you have a winning strategy.

http://www.incrediblecharts.com/technical/trading_basics.htm

Study Guide for Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points (Paperback)

2006-05-16T14:00:00.000+08:00

The Essential Companion Workbook for Martin Pring's Best-Selling Technical Analysis Explained Martin Pring's Technical Analysis Explained has long been the acknowledged bible for gaining a clear understanding and hands-on knowledge of technical analysis. Now let Study Guide for Technical Analysis Explained help you profit even more from this essential book by coaching you on its most important ideas and techniques until they become automatic in the heat of trading battle. Packed with hundreds of questions that correspond to chapters and sections throughout the book, this valuable study guide features: Charts and graphs to help you visually digest the concepts presented Full text answers to guarantee your complete understanding of each important idea Fill-in-the-blank, multiple choice, and matching question formats The hard-hitting, no-nonsense style that made Technical Analysis Explained a classic Technical analysis mastery isn't easy, but its financial rewards make it virtually indispensable. Use Study Guide for Technical Analysis Explained to reach the next level of technical analysis education, and ensure that you enter every trading day with the weapons you need to come out on top.

http://www.amazon.com/gp/product/0071381929/ref=pd_sim_b_2/104-7033550-8157504?%5Fencoding=UTF8&v=glance&n=283155

Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points (Hardcover)

2006-05-16T13:56:00.000+08:00

Recommended for professional certification by the Market Technician's Association The Original and Still Number One Technical Analysis Answer Book Technical Analysis Explained, 4th Edition, is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis. Completely revised and updated for the technologies and trading styles of 21st century markets, it features: Technical indicators to predict and profit from regularly occurring market turning points Psychological strategies for intuitively knowing where investors will seek profits and arriving there first! Methods to increase your forecasting accuracy, using today's most advanced trading techniques Critical Acclaim for Previous Editions: "One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948.... Belongs on the shelf of every serious trader and technical analyst." Futures "... Technical Analysis Explained [is] widely regarded as the standard work for this generation of chartists." Forbes Traders and investors are creatures of habit who react and often overreact in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future. Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs. Since its original publication in 1980, and through two updated editions, Martin Pring's Technical Analysis Explained has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks. Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies, this comprehensively revised fourth edition provides new chapters on: Candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders Expanded material on momentum including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic Expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow Relative strength, an increasingly important and until now underappreciated arm of technical analysis Application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark Technical Analysis Explained provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.

http://www.amazon.com/gp/product/0071381937/ref=pd_bxgy_text_b/104-7033550-8157504?%5Fencoding=UTF8

Technical Analysis of the Financial Markets : A Comprehensive Guide to Trading Methods and Applications (Hardcover)

2006-05-15T14:55:00.001+08:00

John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
"If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.

http://www.amazon.com/gp/product/0735200661/ref=pd_sr_ec_cs_b/102-1555906-9228962?s=books&st=%2A&v=glance&n=283155

Technical Analysis of the Financial Markets : A Comprehensive Guide to Trading Methods and Applications (Hardcover)

2006-05-15T14:55:00.000+08:00

Ultimate Technical Trading Software

2006-05-15T14:53:00.000+08:00

The first compilation of the top technical trading software used by leading traders In Ultimate Technical Trading Software, authors Paul Leo and Peter Temple compile and analyze the key technical trading software designed and developed by top traders. Categorized according to the technical analysis methodology, this distinctive book also includes interviews with the developers of these systems, allowing readers to better understand the unique features of each type of trading software as well as how to modify each system for optimal personal performance. Ultimate Technical Trading Software also includes a CD-ROM that contains demos for all software featured in the book. In a single volume, this book offers a one-stop look at the software used by leading technical analysts around the world. It acts as a starting point for researching and learning for new technical analysts and at the same time, helps serious traders develop their own system or software. Highly illustrative and visually accessible, this is the ultimate compendium for anyone involved in technical trading. This title that compiles and analyzes the key technical trading software designed and developed by top traders. Categorized according to the technical analysis methodology, the book also includes interviews with the developer of each trading software in order to better understand their individual features and how to optimize its system for effective use.

http://books.global-investor.com/books/16203.htm?ginPtrCode=00000&identifier=c12ff1caec1eca6498caf63e17ec590b

Trading for a Living: Psychology, Trading Tactics, Money Management

2006-05-14T15:00:00.000+08:00

Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading. He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably. In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting. His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same. The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum.DDale Farris, Groves, TX Copyright 2001 Reed Business Information, Inc. --This text refers to the Audio CD edition.

http://www.amazon.com/gp/product/0471592242/ref=pd_sim_b_4/103-1788104-6863845?%5Fencoding=UTF8&v=glance&n=283155

Power Trading Power Living (Hardcover)

2006-05-14T10:07:00.000+08:00

Power Trading/Power Living could go down as the "Bible" of trading in the not so distant future. The book, a follow up to Michael's International Best Seller, and critically acclaimed - Rule the Freakin' Markets, gives intimate details on what it's like to not only be a successful trader, but on how to incorporate a trader's life into a POWERFUL LIFE!

While Rule the Freakin' Markets is a classic for it's easy to understand and fluid review of a trader's psychology and some of the rules a newbie trader needs to know to flourish, Power Trading/Power Living goes infinitely further, giving FULL and intimate details and actual trades that helped make Michael a legendary trader.

You'll learn;

*POWERFUL Trends that can make you money in today's market - these are actual trends that have worked countless times for Michael and his 1000s of traders at Trendfund.com

*POWERFUL Options strategies. From an OPTIONS PRIMER, to advanced strategies such as Straddles/Strangles, Leaps and Selling Naked Calls and Puts, Power Trading/Power Living gives you the keys to the kingdom in terms of how to leverage your money as an options trader - just like the Pros!

*POWERFUL intraday trading strategies, including - The 10 am rule, Playing the GAPS, Using Technical Analysis as an intraday tool. Whether you want to trade for 5 minutes, or 5 hours, this book gives you the tools you need to SUCEED!

*POWERFUL swing trading strategies. Where the 1 hour trader needs to know the GAPS and the 10 am rule, the SWING TRADER needs to know what to look for to hold onto a stock for a day, a week, a month, or a year. From Blue Skies breakouts, to Earnings Runners, this book gives you the tools you need to BUY AND HOLD, without risking it all!

*POWERFUL living strategies. Once you make the BIG Ka-chingos this book can unlock for you, you'll need to learn how to live a life and a destiny of your own choosing. Power Trading/Power Living gives you insights into what it takes to be a WINNER on EVERY level of your LIFE!

This is your chance to LEARN TO EARN and LEARN TO LIVE a POWERFUL LIFE from one of the top traders of all-time, Michael "Waxie" Parness. Do not miss this unique opportunity. This book takes Michael's best seller, Rule the Freakin' Markets and takes it 10 steps further, giving you actual winning and losing trades so you can increase your profits, and increase your life expectancy!

About the Author

A high school dropout, who once lived homeless on the streets, Michael Parness is now a hero to investors and traders everywhere. Michael is chief executive officer and founder of TrendFund.com, the leading online trend-based advisory service for the individual trader. Launched in 1999, Trendfund.com has over 75,000 customers in 35 countries worldwide.

Michael's best selling book, Rule The Freakin' Markets! (St. Martin's Press, 2002), has provided thousands of individual investors with practical trading tips for reading the markets and trading with confidence - without the help of brokers or analysts. His second book, Power Trading/Power Living will be available soon. His "everyman" approach to trading breaks down the market into historical trends or market tendencies, which provide explosive short and long-term market opportunities to his members.

legendary trader who famously turned a few thousand dollars into several million, Michael serves as Trendfund.com's lead financial advisor, guiding thousands of subscribers who seek his trading expertise in both bull and bear market conditions. Like all Trendfund members, Michael uses an online persona; his trading name, "Waxie," is a nod to a former career in sports memorabilia.

Offering resources to traders at all levels - from housewives to Wall Street analysts - Trendfund.com helps its members take control of their money through analysis and tips from Parness and his team, interactive chats, real-time news, personalized trading classes, and pre- and post-market intelligence.

Michael is a native New Yorker whose first entrepreneurial venture was the creation of a sports memorabilia company called Waxman. Over a ten-year period, Michael built Waxman into New York's top provider of sports collector's items. After taking a broker-friend's bad advice and losing his life savings, he developed an interest in the financial markets, and spent his spare time researching market trends and developing his own theories on market behavior.
Determined to earn back his losses and vowing to never use a broker again, Michael began trading for himself, with the moniker "Waxie." Making use of the skills and instincts he cultivated through years of careful research, Michael turned $33,000 into more than seven million dollars in less than three years.

Michael is regularly consulted for investment advice by major media including The Wall Street Journal, CNNfn, CNBC, New York Post, FOX News, Financial Times, Business Talk Radio and Crain's New York Business. His informational trading seminars draw thousands of attendees across the country, and he has guest lectured at UCLA and Tulane University. At Tulane University in Spring 2004, Michael will be the first graduate level teacher in the country to focus on Day/Trend Trading. His "Trend Trading To Win" infomercial has sold over 100,000 trading courses around the world on how to make money in any market.

An award-winning playwright, Michael's work has been produced extensively in New York and Los Angeles. His screenplay, "Random Acts of Kindness," is a two-time Sundance Institute Screenwriter's Lab finalist and his first feature film, MAX & GRACE is being released in Spring 2004. In addition, Dustin Hoffman's Punch Productions is producing an autobiographical film based on Michael's life.

Michael, 40, after returning to school, finally graduated Summa Cum Laude from Hunter College in New York City, and holds a Bachelor of Science degree in English. He lives on Manhattan's Upper West Side where he continues to rule the freakin' markets every day!

http://www.amazon.com/gp/product/0974339121/ref=pd_bxgy_text_b/104-1781378-8559160?%5Fencoding=UTF8

Charting: An Introduction to Technical Analysis and Its Concepts

2006-05-14T10:00:00.000+08:00

Michael "Tiny" Saul has built a tremendous following among day traders, short-term stock traders, and swing traders with his insightful, unbiased, real-time, chat-based market analysis and commentary in the Trendfund.com live trading chat room. Each and every day he diligently analyzes the stock market with self-taught routines to uncover the best trading opportunities. In his new book, Charting, an Introduction to Technical Analysis and its Concepts, Saul divulges the technically based analysis and routines he employs in his real-time and end of day work.

Unlike most books on technical analysis, which include too much extraneous material and leave the trader poorly equipped to face daily challenges, Saul focuses on how to use a specific set of technical methods into a unified strategy for selecting short-term trading opportunities in all market environments.

Instead of being deluged with technical concepts, Saul teaches traders to focus on the methods necessary to pull the trigger on trades. Experienced traders will find Saul’s direct and easy to follow approach a breath of fresh air as he concentrates on what trading is really all about: finding consistent money-making opportunities.

From the Publisher

In the middle of 1999 both Michael "Tiny" Saul and I were members of another online chat room (that shall go nameless!). I was making money and doing very well on my own through what we now call Trend Trading, but people in that room kept talking about this thing called Technical Analysis, or Charting. I had heard about this concept and given that I was, and still am, always looking for an "edge", it seemed intriguing to me. I asked someone in the room, who had befriended me, what I could do to learn about Technical Analysis and he steered me toward, well, TINY. I remember feeling a little weirded out by the fact that upon my very first contact with Tiny, he gave me his home phone number and told me he'd be happy to help me. Being a good New Yorker, I'm always a little skeptical when someone I've never met offers to help me and gives me their home number the very first time I have contact with them! New York isn't Kansas, after all, ya know! But, since I was hungry to learn about Technical analysis, I called Tiny. The first conversation we had lasted, from what I recall, several hours. He was honest, open, informative and VERY funny. Later I found a deeper side. Tiny is genuine, kind and profoundly interested in helping other people. And, maybe most of all, he was extremely passionate about Technical Analysis! He seemed to know EVERYTHING! And, even better, he was interested in learning MORE and helping others, just like I was. I think it was our third conversation where I told him a little about myself and that I was thinking about starting my own website to help other traders make money and be successful. He said that was great but I think he was probably thinking to himself, "oh boy, another big shot wannabe!". Shortly thereafter, I asked Tiny to be my Chief Technical Analyst of what would eventually become Trendfund.com. My jaw drops every time I see Tiny do a seminar, or listen in on an online class. He is a true teacher and believer in what he does, and the good it can do for others. When WE started Trendfund.com the idea was to create a community for traders that was safe from the investing community and the media's ideas of what was right about the market. Given my scattered family background, in hindsight I think I wanted to create a new extended family of traders, all looking to help each other make money, and be successful in other areas of their lives. Tiny has been possibly THE driving force for the success of Trendfund.com outside myself. His passion empowers 1000s of others to seek their own dreams and achieve their own successes. When I asked Tiny to work with me for nothing, I promised him that one day he'd make a lot of money with Trendfund.com. All I asked him was for him to remain passionate and loyal to our members, and to put their needs as equal to his own. Tiny has kept that promise to me, and I've kept my promise to him. He's helped grow Trendfund.com from a tiny trading community into the true leader in alternative investing. I'm profoundly grateful that I happened upon Tiny from the other chat room. Like everything else in life, I believe there are no coincidences. I'm glad that I made that first phone call and didn't let my imagination run wild. Tiny is one of the good guys and I am proud to be a part of Tiny's first book! I congratulate my partner and my very good friend, Tiny, and wish him continued success - no one deserves it more than he! Whether you are a total newbie (new to Technical Analysis), and don't know a head and shoulders from a tongue in cheek, or you are a wise old "chartist", I believe this book will provide you with not only the foundation to begin your wonderful journey as a trader (or investor), but the power to enact it for PROFITS! Enjoy his book and tell him about it, cause it'll give him a big smile. MICHAEL "Waxie" PARNESS CEO Trendfund.com CEO Trend Trading to Win

http://www.amazon.com/gp/product/0974339105/qid=1147571695/sr=2-3/ref=pd_bbs_b_2_3/104-1781378-8559160?s=books&v=glance&n=283155

Technical Analysis for Dummies (Paperback)

2006-05-13T14:45:00.000+08:00

A simple, straightforward guide to the fundamentals of technical analysisFor active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services

The tools to perform your own analysis – and beat the market
Study the data, measure your risk, and win in the market!
Sick of losing in the market? Tired of relying on other people’s investment advice? Don’t worry! Technical Analysis For Dummies is the smart way to get on a winning track. This straightforward, non-intimidating guide explains the principles of technical analysis and provides tools you need to develop guidelines you can trust – your own.
Praise for Technical Analysis For Dummies
"Barbara Rockefeller shows that technical analysis works without math and formulas. Her back-to-basics approach is practical and comprehensive . . . This is a great way to learn technical analysis, or a valuable review of how we should trade." – Perry Kaufman, author of "Trading Systems and Methods" and "A Short Course in Technical Trading"
"This book is written in a clear, concise, no-nonsense style with lots of common-sense ideas . . ."– Martin J. Pring, President of pring.com, Editor Intermarket Review

Discover how to:
Identify the trends
Improve your timing
Never take a big loss again
Plan the trade from start to finish
Treat trading and investing as a business
Learn when to sell

http://www.amazon.com/gp/product/0764540440/ref=pd_sim_b_3/002-4447987-3096861?%5Fencoding=UTF8&v=glance&n=283155

Getting Started in Technical Analysis (Getting Started In.....) (Paperback)

2006-05-13T14:43:00.000+08:00

Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager-perhaps the most recognized and respected name in the field-demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book's numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager's invaluable trading rules and market observations culled from years of real-world trading experience, Getting Started in Technical Analysis offers in-depth coverage of:* Types of charts-bar, close-only, point-and-figure, candlestick.* Chart patterns-one-day, continuation, top and bottom formations, the importance of failed signals.* Trading systems-trend-following, counter-trend, pattern recognition.* Charting and analysis software-price data issues, time frame/trading style considerations, software research.* he planned trading approach-trading philosophy, choosing markets, risk control strategies, establishing a trading routine.

The publisher, John Wiley & SonsTechnical analysis is the art and science of deciphering chart patterns in order to better analyze and predict prices of a given security. Jack Schwager demystifies technical analysis for investors, introducing them to oscillators, price-and-time charts, on-line charting applications, and much more.

http://www.amazon.com/gp/product/0471295426/ref=pd_sim_b_1/002-4447987-3096861?%5Fencoding=UTF8&v=glance&n=283155

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

2006-05-12T14:14:00.000+08:00

In Using Technical Analysis author Clifford Pistolese shows average investors how they too can reap the benefits of technical analysis. Well-organized and easy-to-understand, this book explains a variety of approaches to analyzing and interpreting stock market charts. This edition includes chapters on moving averages and accumulation/distribution analysis.

Topics include:
Basic and complex chart patterns
Analyzing trading volume
Identifying long-term trends
Market timing tactics
Self-teaching exercises

If you have never read a technical analysis book then I highly recommend this above everything else. For startes it's barely over 200 pages short, with more than half those pages dedicated to charts. Simply put you only read about 100 pages.

The beauty is those 100 pages are powerful and geared perfectly for the beginner. After reading this book I was bitting at the bit to apply my new knowledge, and no longer regard picking stocks as a crap-shoot.

You CAN educate yourself to financial freedom, and this book will help you do that.

http://www.amazon.com/gp/product/1557385270/ref=pd_cp_b_title/104-4539975-4942325?%5Fencoding=UTF8&v=glance&n=283155

Technical Analysis Simplified

2006-05-12T14:05:00.000+08:00

The author, Clif Droke, explains how the technical analysis of equity and commodity trends affords one of the greatest hopes of achieving the ultimate end of free enterprise profit. Without the use of this peerless tool, the author believes that most investors will find themselves at the mercy and whim of market forces beyond their comprehension. Tehnical analysis, in his opinion, is the best means possible for attaining financial profit and for understanding the underlying condition of the economy as well as general societal trends. He explains simplified technical analysis as a combination of various forms of technical chart pattern analysis that combines the simplest and most basic elements of this discipline with a useful admxture of proven, more modern methods of technical analysis.

Technical Analysis Simplified worth every penny, July 26, 2000

Reviewer: A readerI found Technical Analysis Simplified to be an apt description of what Droke explains in this book-an extremely simple, easy to read way to forecast from stock market charts. This book is great in that it can be read in one or two sittings and is a helpful reference manual for looking up chart patterns that occur over and over in the market. Droke does in a little over 100 pages what Edward & Magee took over 500 pages to do. The reader who trashed this book apparently doesn't know how to read, because the introduction to Droke's book is less than six pages long. Murphy's book is also good, but is too long and much more complex. (BTW, this book is NOT out of print, as the reviewer below claimed because I got it in a couple of days from Amazon).

http://www.amazon.com/gp/product/1883272475/ref=pd_sim_b_2/104-4539975-4942325?%5Fencoding=UTF8&v=glance&n=283155

Moving Averages Simplified (Paperback)

2006-05-11T14:59:00.000+08:00

Successful traders know that using Moving Averages can result in more profitable trades--if applied properly. But, what are Moving Averages? When--and how--should they be used? Now, noted trader Clif Droke takes the mystery out of Moving Averages by explaining them in detail, describing how they can be employed to zero in on buy/sell signals that result in more profitable trades--more often.

Traders of every level will also discover how to:-Calculate moving averages--including the Simple, Variable, and Exponential-Use moving averages to identify price cycle bottoms-Identify support and resistance levels with moving averages-Spot trend changes with moving averages.
Supported by numerous examples and charts that help viaulaize time-tested tips and techniques--you'll soon solve the simple "mystery" behind this incredibly powerful investment tool.

http://www.amazon.com/gp/product/1883272661/ref=pd_sim_b_4/103-1813217-8428607?%5Fencoding=UTF8&v=glance&n=283155

How to Make Money Selling Stocks Short

2006-05-11T14:24:00.000+08:00

There are two sides to everything, except the stock market. In the stock market there is only one side—the right side. In certain market conditions, selling short can put you on the right side, but it takes real knowledge and market know-how as well as a lot of courage to assume a short position.

The mechanics of short selling are relatively simple, yet virtually no one, including most professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short, William J. O'Neil offers you the information needed to pursue an effective short selling strategy, and shows you—with detailed, annotated charts—how to make the moves that will ultimately take you in the right direction.

From learning how to set price limits to timing your short sales, the simple and timeless advice found within these pages will keep you focused on the task at hand and let you trade with the utmost confidence.

http://www.amazon.com/gp/product/0471710490/ref=pd_sim_b_2/103-1813217-8428607?%5Fencoding=UTF8&v=glance&n=283155

Martin Prings Intro to Technical Analysis by Martin Pring

2006-05-10T15:48:00.000+08:00

A Note from Martin:"Introduction to Technical Analysis is a workbook/CD-ROM tutorial combination. Normally with a book the CD is a "throw away" but with this introductory course the real value is in the CD, in this case it's the book that is the "throw away"!! The course is an audio visual presentation lasting over 7 1/2 hours. It takes the subject of technical analysis from A to Z and is designed for anyone who is just starting to read charts. Many teachers of technical analysis around the world use this course as a simple textbook from which to teach. Subjects covered include, trendlines, price patterns,volume, momentum ,candlesticks and much much more. There is even a interactive multiple choice quiz at the end of each chapter, that automatically scores your results. When you have watched this CD the graphs at StockCharts.com will literally come alive."

Technical analysis is the art of identifying market turning points at a relatively early stage. For the savvy investor or trader who identifies these changes and acts accordingly, the rewards can be enormous.

http://store.yahoo.com/stockcharts/maprintotean.html

Technical Analysis Explained by Martin Pring

2006-05-09T15:00:00.000+08:00

From the book cover: Technical Analysis Explained, 4th Edition, is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.Completely revised and updated for the technologies and trading styles of 21st century markets, it features:-Technical indicators to predict and profit from regularly occurring market turning points-Psychological strategies for intuitively knowing where investors will seek profits and arriving there first!-Methods to increase your forecasting accuracy, using today's most advanced trading techniques.

http://store.yahoo.com/stockcharts/teanexmapr.html

New Thinking in Technical Analysis Rick Bensignor (Editor)

2006-05-07T14:41:00.000+08:00

Practical trading strategies from top authorities. Sometimes even the most thorough homework on fundamentals can't pinpoint the best time to buy a stock or take profits. Technical analysis, however, can often help predict a stock's price behavior, providing valuable clues about the course a stock may take in the coming weeks and months. When timing is of the essence in making logical, informed decisions about a stock's future, technical analysis is the tool. This book gathers a dozen top authorities who reveal their techniques and strategies for successful trading. Each chapter guides the reader through a different expert's practical approach to predicting stock behavior, based on the expert's proven analytic methods. Every reader will find value in this straightforward, application-rich presentation of market dynamics forecasting, learning analytical techniques from some of the best minds in the industry.

New Thinking in Technical Analysis contributors include: Thomas R. DeMark (New Market Timing Techniques), Peter Eliades, Larry McMillan (McMillan on Options), Robin Mesch, John J. Murphy (Technical Analysis of the Financial Markets), Steve Nison (Japanese Candlestick Charting Techniques), Steven Poser, Linda B. Raschke (Street Smarts: High Probability Short Term Trading Strategies), Bernie Schaeffer (The Option Advisor), Courtney D. Smith (Option Strategies), Ken Tower, and Larry Williams (Long-Term Secrets to Short-Term Trading).

http://store.yahoo.com/stockcharts/newthinteanr.html

Trading System Analysis by Robert Barnes

2006-05-06T14:26:00.000+08:00

Although high speed computers and statistical methodologies have become common place, the ability to test new trading systems often remains Jurassic. Robert M. Barnes presents a comprehensive discussiong of all the most important factors in developing and analyzing a trading system. Among the topics covered are: *Breakdown of the components of a trading system, *Convincing proofs of a valid simulation system, *How new price scenarios are generated through use of three price models (random walk, sequential walk and price vector models), and a trading system's main components. An excellent choice for anyone attempting to delve into a new statistical trading technique.

FROM THE BOOK COVER: Every good trader knows: A successful, proven system is a key to profitable trading. Yet even while statistical methodologies and high speed computers have become the norm, the ability to test and accurately evaluate new trading systems often remain in the Dark Ages. The result is trading systems that are inadequately tested prior to actual live use, or potentially profitable systems that are missed all together due to users' inability to accurately pretest system performance.

http://store.yahoo.com/stockcharts/trsyanroba.html

Elliott Wave Principle: Key to Market Behavior by Robert Prechter

2006-05-05T02:19:00.000+08:00

Highly acclaimed basic handbook of Elliott Wave Theory which has come to be regarded as a definitve work in this area. Thoroughly covers all the relative concepts. Fibonacci Numbers, wave analysis, time sequence, cyclic analysis, etc. One of the most fascinating books on market forecasting you'll ever read.

Part 1: Elliott Theory Chapter One: The Broad Concept including, *Basic Tenets *Terminology and Labeling * Impulse Waves and Variations *Corrective Waves *Zigzags * Flats * Triangles * Double and Triple Threes * Diagonal Triangle Type 2

Chapter Two: Associated Rules and Guidelines * Counting Rules * Alternation * Depth of Corrective Waves * Wave Equality * Charting the Waves * Channeling * Volume * The Right Look * Wave Personality * Learning the Basics * Applying the Basics

Chapter Three: Historical and Mathematical Background of the Wave Principle * Leonardo Fibonacci da Pisa * the Fibonacci Sequence * The Golden Section * The Golden Rectangle * The Golden Spiral * The Meaning of Phi

http://store.yahoo.com/stockcharts/elwaprropr.html

Flag

2006-04-15T15:37:00.000+08:00

When a stock has a strong run up over a short period of time, where it gains 30% or 40% or more, there is a tendency for either a correction or a continued advance with even larger gains expected. One chart pattern that sometimes precedes a second large advance is called the "high tight flag". This is a pattern that starts with a flag pole, or price that rises sharply in a short period of time. This is followed by a tight consolidation period that can last between 2 to 6 weeks. The consolidation period creates the formation of a "flag", a break out of such a consolidation period is usually to the upside and can produce gains similar to the percentage increase of the initial gains made during the creation of the flagpole.

During the formation of the flag in the consolidating period volume generally declines. A breakout from the flag pattern is usually accompanied by increased volumes. Price projections that are estimations based on the range of price during the formation of the flagpole are projected upwards from the flag formation on a breakout give a rough idea of what to expect near term for prices. What price projections do not do is tell you whether prices will reach that level or stay at that level. A projection is simply an estimation based on the increased demand for the stock and a potential for a short term continuation of price surge following a consolidation of prices.

http://www.trade10.com/Flag.html

WHY CANDLESTICK CHARTS

2006-04-14T12:35:00.000+08:00

Although candlestick charts are nearly identical to typical Western bar charts, there is one important distinction: candlestick charts are far more dramatic in their presentation. Instead of the standard high-to-low vertical lines accompanied by horizontal ticks that identify the day's open and close, candlestick charts employ two-dimensional bodies to depict the open-to-close trading range and upper and lower stems (or shadows) to mark the day's high and low.

For over a century, the Far Eastern traders have used candlestick charts to track market activity. With the huge set of market data, Eastern analysts have identified a number of patterns that, with differing degrees of reliability, may accurately determine the future short-term trend for a particular investment.

These patterns (or indicators) are the premise for successful candlestick chart analysis. The theory, tested over the decades, is that candlestick charts can be effective in revealing the psychology of the market at a certain point in time. On occasion, a chart for a specific investment may meet the criterion for a candlestick indicator. These are the events investors are most interested in as they can decode the emotion surrounding an investment.

Knowing this means that for short-term, an investor can make confident decisions about buying, selling, or holding an investment.

WHERE DID CANDLESTICK CHARTS COME FROM?

Analysis based on trends in market psychology has its roots in Japanese rice trading in the 1700's. One of the most famous traders of the day, a man named Homma, discovered that studying the emotions of a market could be very useful in determining future trends.

Although it is not known whether Homma can be credited with developing candlestick charts as we know them today, it is under the same principles that led to their evolution and wide-spread acceptance among Eastern traders since the late 1800's. Candlestick charts have been a commonly practiced analysis technique ever since, and it is quite clear that Eastern traders have long given great weight to how market psychology effects future trading.

Candlestick charts have only recently been introduced to Western traders with much thanks to Gregory L. Morris and Steve Nison. However, since the early 90's its support has been captivating. The word has spread.

http://www.candlestickchart.com/about.html

Happy Good Friday - Trading Chart Reborn Today

2006-04-14T12:23:00.000+08:00

Hello Everyone,

Relaunching Trading Chart as a Trading Reference Blog for information regarding Technical Analysis. Happy Reading and Enjoyable Learning.

Trading Chart Has Closed - SGX Stock Charts Blog Is Born Today

2006-03-08T05:14:00.000+08:00

Hello Everyone,

Please be informed that my new blog address is http://sgxstocks.blogspot.com . Trading Chart blog is closed with immediate effect. See you at SGX Stock Charts.

UTAC as requested by Prime

2006-03-07T18:16:00.000+08:00

Taking reference from 2nd February 2006 high 98 cents and 2nd March 2006 high 98.5 cents as shown by the red bold horizontal line AB on the chart, a potential double top maybe forming. Confirmation of this double top will only happen if price drops below 88.5 cents the low of the tiny hammer candlestick formed on 23rd February 2006, shown as point C on the chart.

The next few days may see a test of the 91.5 cents to 88.5 cents congestion area. Both RSI and stochastics are showing weakness today. If the 88.5 cents point C support can hold a rebounce towards the point B high of 98.5 cents will occur.

HL Asia as requested by Prime

2006-03-07T09:32:00.000+08:00

Price will continue to trade within the $1.48 low to $1.55 high range until strong buying or selling move price out of this congestion area. Short term traders will buy at $1.48 and $1.49 and sell at $1.54 and $1.55. No clear indication yet where price will head from this range area.

Rotary as requested by George Lam

2006-03-06T09:10:00.000+08:00

For the last 5 days the price movement has been compressed within the range of 53.5 cents to 50 cents set by the bullish belt hold candlestick formed on 24th February 2006. Within this rectangle formation a minor support level has formed at 50.5 cents.
Price with continue to trade within this rectangle formation until the bulls or bears take control and make a strong break up or down out of the upper 53.5 cents resistance or the lower 50 cents support.

China Petro as requested by Petrolhunter

2006-03-05T14:58:00.000+08:00

Price broke 53.5 cents the previous peak created on 27th February 2006 and closed at 57 cents. 57 cents was the high of the tiny inverted hammer on 9th February 2006. Taking reference from the low of this inverted hammer the first support level will be 55 cents. The second support level is 53.5 cents. If strong buying continues tomorrow 59 cents will be tested.

HL Asia - No Hammer Confirmation

2006-03-04T16:38:00.000+08:00

No hammer confirmation despite the stochastics buy signal alert. The stochastics K% has gone below the D% as $1.48 support was tested again for the 2nd time. Both the upper resistance at $1.55 and the lower support of $1.48 set up by the hammer bar were tested without a clear indication of which direction price will move. 3 days of high volume with huge amount of shares changing hands. Another interesting week ahead for this stock.

Asia Pharmacy

2006-03-03T09:18:00.000+08:00

Taking reference from the failed hammer formation on 28th February 2006 the immediate resistance is 77.5 cents and the immediate support is 74 cents. 77.5 cents is also the gap resistance formed on 24th February 2006. For the last 2 days price movement has been within the range of the failed hammer candlestick showing the power of this bar. RSI and stochastics showing weakness. The support at 74 cents maybe tested. Should this support break the next support will be 72 cents formed by the inverted hammer on 20th February 2006.

HL Asia - Stochastics Buy Signal Alert

2006-03-02T21:06:00.000+08:00

Finally the stochastics generated a buy signal today. Gap down from previous day close $1.57 to open at $1.55 this morning. The bears pushed the price down until $1.48. The bulls returned at about 10.20 am to push the price back to $1.54 . Potential hammer was formed. Get ready to buy on confirmation. Hammer tail low $1.48 must hold for confirmation.

HL Asia

2006-03-01T21:47:00.000+08:00

HONG LEONG ASIA – CHAIRMAN’S STATEMENT

Hong Leong Asia was ranked 12th in the Singapore International 100 Ranking by International Enterprise Singapore on 24 January 2006. The Group has also emerged as the company with the largest revenue contribution from the China Market.
I am pleased to report to shareholders that Hong Leong Asia has continued to achieve an increase in the Group’s total revenue in 2005. The Group’s revenue was $2,269.2 million up by 10% from 2004’s revenue of $2,059.6 million, achieved by higher unit sales volume from the Consumer Products unit – Xinfei, the Diesel Engines unit – Yuchai, the Rex Packaging unit – Rex and the Building Materials unit.

Overall gross margin was adversely affected by the raw materials costs increase such as steel, plastics, chemicals especially in the first half of 2005. Change in product sales mix in Yuchai arising from higher sales units of the lower margin 4-series light-duty diesel engine also affected the gross margin.

Notwithstanding the higher net profit contribution from Xinfei and the Building Materials unit, the Group’s net profit attributable to shareholders for 2005 declined to $23.3 million compared to $41.6 million for the previous year, due mainly to lower profit achieved by Yuchai, Rex and late delivery of machinery and equipment as well as start-up costs in GPac Technology (S) Pte. Ltd. ("GPac"). The lower net attributable profit was also adversely affected by the Group’s share of $10.1 million provision expenses for the non-trade loan granted by Guangxi Yuchai Machinery Company Limited (a subsidiary of the Group) to an affiliated company of its Chinese shareholder.

In 2005, the Group’s China business units (Xinfei, Yuchai and Rex) performed better in terms of revenue but faced keen competition and higher raw material costs which have affected gross margins.

Key highlights from the four business units are as follows:

Consumer Products Unit ("Xinfei")

Xinfei’s revenue increased by 22% in 2005 with a revenue of $745.0 million compared to $608.2 million in 2004. The total unit sales of refrigerators, air-conditioners and freezers increased by 18% to 2.81 million units in 2005 compared to 2.39 million units in the previous year due mainly to strong demand for refrigerators and freezers in the domestic market and higher volume of exports. Xinfei is still the leading number two manufacturer in refrigerators and freezers in the PRC.

The attributable profit for 2005 was $19.2 million compared to $14.0 million of the previous year due to contributions from higher unit sales volume. Keen competition in the market and substantially higher raw material costs, in particular, steel and chemicals, resulted in lower gross margins, especially in the first half of 2005. These effects have been more than offset by the sales volume increase and cost saving measures.

The Group entered into Share Transfer Agreements with the Xinxiang Government in Henan province for the acquisition of the company’s two China-based subsidiaries which make up the Xinfei Group, increasing our controlling interest to 90% from 51%. The acquisition was completed in January 2006.

Acquired by Hong Leong Asia in 1994, the Xinfei Companies have grown, under the stewardship of Hong Leong Asia, from companies with a production capacity of 300,000 units to their current production capacity of 3.6 million units. The Xinfei Companies are the second largest manufacturers and distributors of white goods, such as refrigerators and freezers in the PRC.

The Xinfei Companies also manufacture more than 180 models of refrigerators and freezers for export to countries such as Japan, North Korea, Bangladesh, European countries, the United States of America and Europe and produce refrigerators and freezers, on an OEM basis, for Whirlpool, General Electric, Hitachi, Franklin and Arcelik.

Recently, the Xinfei Companies received the Free Export Inspection Licence. This Licence, which exempts the products manufactured by the Xinfei Companies, from export inspection by the PRC authorities prior to export, reflects the recognition, by the PRC authorities, of the sound reputation that the Xinfei Companies have as manufacturers of high quality products.
The outlook in 2006 for Xinfei remain optimistic.

Diesel Engine Unit ("Yuchai")

Yuchai’s net sales represent an increase of 4% of $1,192.1 million for 2005 compared to $1,144.3 million in 2004. Total unit sales of 230,228 diesel engines was 11% higher than the previous year due mainly to the higher sales achieved by Yuchai of its lower margins 4-series light-duty diesel engines and industrial engines.

The attributable profit for 2005 was $11.6 million compared to $23.6 million for 2004. Yuchai management believes that growth for medium-duty and heavy-duty diesel engines will return due to continuing development of highways and improvements in logistical efficiency in China. According to Chinese Government’s industry statistics, there was a decrease of approximately 1% in 2005 for sales of trucks and buses in China compared to 2004. The tight credit lending policies by banks in China continued to affect the overall demand for the commercial vehicles industry.

Mr Yan Ping, the chairman of the State Holding Company, has been appointed as the chairman of the Board of Directors of Guangxi Yuchai Machinery Company Limted ("Guangxi Yuchai"), in place of Mr Wang Jianming .

Guangxi Yuchai will, with the change at its board of directors, strive with the active cooperation of the State Holding Company and China Yuchai International Limited, strengthen its corporate governance in its ongoing efforts to ensure that its operations are transparent and in line with international practice. Furthermore, as part of its improvement plans in the engine technology area, Guangxi Yuchai will also strive for product enhancement, technological advancement and international standards of management, thereby facilitate its growth.

Yuchai has a strong brand name in China with an extensive sales and marketing network. Yuchai’s products are of good quality and they provide reliable performance and have established itself as a major manufacturer of diesel engines in China with a significant market share.

Industrial Packaging Unit – ("Rex")

Revenue for Rex in 2005 was $174.3 million, 14% higher than the previous year of $153.5 million, due to higher revenue achieved by the metal container division in 2005 as compared to 2004.

Improved market prices of metal products also helped to offset the high raw material costs of steel and PVC resins. The metal drum business in Singapore and Malaysia contributed profits to Rex while the plastic business in China was under strong competition coupled with high raw material costs.

Net profit attributable from Rex declined by 38% to $4.7 million in 2005 as compared to $7.5 million in 2004.

Green-Packaging Products – ("GPac")

GPac started production in March 2005. Loss of $3.5 million was reported mainly due to the late delivery of some machineries and equipment and the slow ramp up of the production capacity.

GPac has been granted tax incentive from the Economic Development Board (EDB) of Singapore for its manufacturing and sale of biodegradable pallets. The incentive commenced in January 2006.

GPac’s environmental-friendly pallets have received positive results from the tests conducted by its potential customers. It targets to increase production capacity to about 300,000 pallets a month by end of 2006 from its current capacity of 20,000 pallets a month.

GPac’s products have won the Singapore and the Asia Packaging Award as well as the Green Label certification under the Singapore Environment Council.

Building Materials Unit – ("BMU")

Total revenue for the BMU in 2005 was $157.6 million compared to $153.6 million in 2004. Net profit attributable from the BMU was $3.7 million in 2005 as compared to $2.2 million in 2004.

The outlook for BMU is positive in 2006.

Current new contracts were awarded on improved selling prices which should yield better margins for 2006. The Group had been able to secure higher prices for new building contracts in the last quarter of 2005 pursuant to improved market sentiment in the construction industry.

If the improved sentiment continues, this will have a positive effect on the building material suppliers in 2006.

There are positive signs that the property and development sector has started to improve. This trend has resulted in higher cement and other building materials prices.

Business Direction

We will remain focused in manufacturing operations and will continue to improve the other areas of our business operations. To grow our Group’s earnings base, we will continue to seek new business and investment opportunities.

Company’s Achievement Recognized

Hong Leong Asia was ranked 12th in the Singapore International 100 Ranking by International Enterprise Singapore on 24 January 2006 in recognition of the substantial contribution to its revenue from its overseas operations. In terms of percentage contribution to the total group revenue, the Group has also emerged as having the largest percentage revenue contribution from the China Market.

Prospects

The Board is confident that the Group will continue to operate profitably. The outlook for 2006 is positive with the Chinese economy expected to grow at a steady rate of 9%.
Xinfei and Yuchai are expected to grow their unit sales volumes due to the continued strong domestic demand.

With respect to the Group’s Building Materials unit, construction material prices had improved in the past few months. This positive trend should continue in 2006 and beyond in view of several new building projects coming on-stream in the property and development sector.

GPac is expected to contribute positively to the Group’s revenue when it reaches full production capacity by end of 2006.

Dividend

The Board of Directors has recommended a final dividend of 2 cents per share, bringing the total dividend for 2005, to 4 cents per share, including the interim dividend of 2 cents per share paid during the year.

Appreciation

On behalf of the Board of Directors, I would like to thank our shareholders, customers, business associates, management and staff for their contribution and look forward to their continuing support.

Kwek Leng Beng
Chairman
1 March 2006

HL Asia - Review

2006-03-01T20:25:00.000+08:00

Dramatic jump across the $1.75 to $1.71 gap to open at $1.70 during the morning opening. Sudden drop of 10 cts from previous day close of $1.80 . That gap then became a very powerful resistance at $1.71 . Price managed to reached $1.71 within the first 10 minutes of trading but selling pressure was too overwhelming. The bold dark blue uptrend line was broken in the process. Day high was $1.71 . Day low was $1.54. Closing price was $1.57. The next critical support is $1.50 . Fortunately no stochastics buy signal was generated even though the K% and D% lines were only a whisker 's width apart from each other.

Hong Leong Asia - Dow Jones News on 26th Jan 2006

2006-03-01T11:41:00.000+08:00

1542 [Dow Jones] STOCK CALL: Credit Suisse says investors can best grow their "good luck" money in red "lai see" packets by investing in Hong Leong Asia (H22.SG), one of 5 small-cap stocks across Asia it believes can give average upside potential of 50% in Year of the Dog. Has Outperform call with $2.52 target; says its new "green" pallet business potential not priced in yet, but can earn $47 million for HLA in FY08, which already more than its FY04 profit; notes strong recovery underway in other operations. Adds stock trades at just 8.6X FY06 P/E, vs 13.6X for STI, 12.1X for Singapore mid-cap peers, projects HLA to register 36% CAGR in earnings for FY07-08. Stock down 0.6% at $1.60.(CAW)

Not vested yet. Waiting to see how it close today.

Hong Leong Asia

2006-02-28T21:24:00.000+08:00

Since July 2005 there were 5 correct stochastics buy signals generated, only the blue dotted line signal was wrong. $1.75 support has been tested for the last 4 days. Today a bullish engulf pattern was established and closed at $1.80. The 7th buy signal will appear soon. Will the 4 cts gap at $1.71 be covered or will it remain open for a long time into the future?

Datacraft

2006-02-27T21:21:00.000+08:00

Since November 2005 Datacraft has been on the uptrend. Every major drop did not fall below the previous low. After each big drop the stochastics gave beautiful buy signals as can be seen from the chart. This signal occurred again today. Will history repeats itself?

Semb Marine

2006-02-26T15:12:00.000+08:00

Price has fallen for the last 3 weeks from high at $3.04 to low at $2.85 on Thursday 23rd Feb. Tiny inverted hammer formed that day followed by gap up on Friday morning opening. Tested $2.91 resistance then close at opening price forming a doji. Stochastics crossover at oversold region with increase volume indicates accumulation. RSI turning upwards from oversold region according to chartnexus but was informed that SI chart RSI is about 49 and turning up also. Interesting week ahead for this stock.

Unisteel - Review

2006-02-24T10:33:00.000+08:00

Please refer to posting on Unisteel on 19th February for this review.

After making an inverted hammer with bullish confirmation at 2.33 on Friday 17th February the price has since broken out of the 2.40 resistance level. The former resistance at 2.40 is now the new support level. Short term traders would have taken profit at around 2.50 high. White long Marubozu mid candlestick support is at 2.43.

Raffles Holdings

2006-02-23T15:20:00.000+08:00

Inverted hammer formed on Tuesday 21st February 2006. The next day a small doji indicated possible reversal. Today's bullish candle confirms reversal. Chart as per time stamped.

Asia Pharmacy

2006-02-22T09:54:00.000+08:00

Inverted hammer spotted on Monday 20th Feb and confirmed yesterday to be bullish. 77 cts will be tested and upon successful breakout above 77 cts the next resistance level is 80 cts.

Unisteel

2006-02-19T18:37:00.000+08:00

Three black crows formation followed by inverted hammer and long white candlestick with tiny upper shadow. Buyers were in control from the opening trade until almost the closing bell, 2.40 will be tested.

UOB

2006-02-17T02:21:00.000+08:00

Bollinger Band narrowing but bars still at lower band.

RSI moving up slowly from oversold region.

Stochastics still in oversold area.

Waiting for buy signal.

Previous Peak Breakout

2006-02-11T05:30:00.000+08:00

Example of breakout from previous peak at 68 indicated by blue line.

Trading Breakouts

2006-02-11T04:53:00.000+08:00

There are many ways to trade breakouts, but the concept remains the same. Breakouts generally involve a rise in a commodity's price above the major moving averages, a resistance level, usually its previous high, or a drop below a support level, its previous low. Support and resistance are important concepts for traders to understand when using breakouts. Support is a price level a commodity has difficulty falling below. In contrast, resistance is a price level a commodity has difficulty rising above. A breakout can occur after breaking an all-time high, also. Trading breakouts involves putting yourself in the direction of a trend. Therefore, because trends are temporary, it is important for traders to monitor price levels to trade with the trend and avoid losses.

An important point to remember when using breakouts, as a general rule, is volume picks up noticeably with the break of prices into a new trend or out of congestion. If the breakout is not accompanied by an increase in volume, it is likely to be a false breakout and prices will return to their previous levels quickly.

http://www.futuresmag.com/futuresclassroom/articles/fcr_a_9.html

Types of Trading

2006-01-23T17:39:00.000+08:00

Day Trading, Swing Trading, Position Trading, Online Trading

There are several types of trading styles that persons seeking to profit from short term trades in the market may wish to use. Here is a brief description of the most widely used short term trading styles.

http://daytrading.about.com/cs/educationtraining/a/shortterm_types.htm