Milo's TA discussion and sharing thread

[Sinkie]

I like to start with candlesticks.... pick the book from steve nison... will be a good read.

I also like books from Alexander Elder.... I sort of adopted a style of trading approach from his "sell and sell short" book

When I go back sg, I will probably post educational materials for candlestick and technical analysis to benefit newbies here..

 

[Cambiere]

midas like i mentioned, could be sell on news....

but with holding power for a couple of months.. might eventually hit 60c target... but why risk it if you have profits to take n consider redeployment later?

Taking profits off is always good.
Why did you sell your midas if you believe it will hit 60cts?
You could have sold half and average up when it goes lower.

I told sinkie cmz breakout in the morning but too bad.. both of us never entered..

 

[Sinkie]

Taking profits off is always good.
Why did you sell your midas if you believe it will hit 60cts?
You could have sold half and average up when it goes lower.

I told sinkie cmz breakout in the morning but too bad.. both of us never entered..

Sigh, I'm not in SINGAPORE

But can anyone post china minzhong chart here? I'm curious how it looks like actually

 

[chainer9999]

Milo is kancheong spider. See drop abit jiu run liao

 

[chainer9999]

Sigh, I'm not in SINGAPORE

But can anyone post china minzhong chart here? I'm curious how it looks like actually

I post when I at home

 

[remy3413]

China minzhong breakout because of GDP or there's a setup for it? I have not taken a look at the chart

 

[Cambiere]

Minzhong rise probably this news.. last 2 paragraphs

US, Chinese economies perk up
By Frankie Ho


Amid worries of a property market correction, a sharp fall in December exports, and lacklustre results from companies that kicked off the current earnings season in Singapore, investors have reason to be less downbeat.

Latest official data from the US and China suggests the world’s two biggest economies are on firmer footing. The US housing market, which pushed the largest economy into recession in 2008, continues to show improvement, with construction of new homes rebounding in December at the fastest pace in more than four years.

Housing starts in the US rose 12.1% last month from November, when activity slowed m-o-m. For 2012, construction work for housing increased 28.1%, the strongest since 2008.

The US employment situation also looks a tad rosier, as the number of new jobless claims last week fell to the lowest level in five years, down almost 10% from the previous week.

As for China, its 4Q2012 GDP rose 7.9% y-o-y, according to data released on Friday. The performance was slightly above market expectations and marked the end of seven straight quarters of slowing growth.

While China’s 7.8% GDP expansion for the whole of 2012 was the slowest since 1999, the pick-up in the December quarter suggests the Chinese economy may have turned the corner. New data also shows better-than-expected increases in industrial production and retail sales for China in December.

Still, the upturn in the various sectors of the US and Chinese economies could well be a blip. To be sure, conditions in both countries, and the rest of the world for that matter, can take a turn for the worse if Europe’s debt crisis escalates or the US fails to resolve its fiscal problems.

Indeed, these ongoing risks prompted the World Bank to downgrade its 2013 GDP forecast for the world economy earlier this week. The recovery from the global financial crisis remains fragile, it says, as developed nations continue to hold back worldwide growth.

Singapore’s latest exports performance is a case in point. The city-state’s non-oil domestic exports slumped 16.3% y-o-y last month, according to data released this week. The outcome, which came on the back of a 2.6% fall in November, was double the pace of decline economists had expected. Shipments to all of Singapore’s top 10 export markets fell in December.

“The most recent Asian export readings have dropped sharply across the board,” says Macquarie. “Asian exports [are] increasingly at the mercy of the global cycle.”

That said, the Australian investment bank still has a positive view on the Chinese economy as it believes domestic demand will remain resilient, supported in part by Beijing’s 12th Five-Year Plan, which promotes domestic consumption over investment and exports.

For investors eyeing exposure to this theme, Macquarie advocates Global Logistic Properties (GLP), which is the biggest provider of logistics space in China and 5.6 times larger than the No. 2 player in the country.

While its peers struggle to reduce debts and restructure, GLP has been able to build “high-quality investment properties and a market leadership position with relationships with tenants and capital partners that can be leveraged in existing and new markets to drive growth,” says Macquarie, which has a price target of $3.05 on the stock.

Macquarie’s other Singapore-listed favourite is China Minzhong Food, which it says is a prime beneficiary of the country’s move to modernise and promote large-scale farming under the Five-Year Plan.

“Its large-scale vegetables origination and processing business in China is well poised to grow given the burgeoning population and increasing urbanisation trend,” says Macquarie, which has a $1.40 price target on the counter.

 

[chainer9999]

 

[chainer9999]

INTERRA HOOT AR

 

[Sinkie]

This is an interesting chart

 

[leozzz]

Nice thread here!!!i must say i have learnt alot..thanks Milo and all other contributors!!cheers!

 

[Cambiere]

nervous weekend..... dunno how my parents will react after meeting her parents and vice versa

The first time we met, I have to prep my parents not to speak mandarin cause my in-laws were English-Malay educated. The thought of 2 parents meeting together is like one of my most kancheong moments. Every second wondering if they will like each other or will they keep quiet throughout, what happens if one says the wrong thing how? what happens if they object? what happens... thousand and one questions rushing through my mind.. knn die liao like that... f***! BUT everything went pretty well that evening. Just be yourself and things will pave smoothly. Last but not least, congrats.

 

[chopra]

 

[chopra]

 

[Milo-Dino]

INTERRA HOOT AR

why so many bowls??? machiam like begger lol...

need to break 46c before can chiong to target 54c

 

[chainer9999]

why so many bowls??? machiam like begger lol...

need to break 46c before can chiong to target 54c

bb like cups not bowls

 

[Milo-Dino]

Mr Milo offering free service?

I'd like you to comment on STI, Dollar Index, SGDUSD and SPX - their trajectories in the next 3-12months. You see if you can see the daily-weekly-monthly stars align for any of these.

Thank you! I hope im not too greedy.

I only track STI and S&P so i'll do those... the rest I can't help

Daily S&P shows bearish divergence already... I'll probably wait for a nice reversal candle before I short.

Weekly S&P also shows bearish divergence... still no reversal candle yet

Divergence confirmed by Monthly chart. We can also see each rally getting shorter and shorter as well.

Note that, bearish divergence can be negated through sideways trading over a period of time, but i personally favour a strong correction. Just waiting for the reversal candle.

 

[chopra]

Thanks milo on SPX as i await ur STI view.

1. Monthly shorter timeframe each time is intriguing. Will take note of that.

Edit: My monthly indicates otherwise leh.


2. Is reversal candle a prerequisite for prices to reverse OR a signal for you to enter? I.e., if no reversal candle, even if the market were to go down, u won't buy?

 

[Milo-Dino]

Mr Milo offering free service?

I'd like you to comment on STI, Dollar Index, SGDUSD and SPX - their trajectories in the next 3-12months. You see if you can see the daily-weekly-monthly stars align for any of these.

Thank you! I hope im not too greedy.

Don't see much on STI daily.. except that 3200 still holding. MACD is turning down though.

Weekly see bearish divergence and last week's candle is interesting... but this week's candle doesn't confirm the trend reversal yet.

Better to sit still n watch... those with profits better start to take some off the table just incase

 

[Milo-Dino]

Thanks milo on SPX as i await ur STI view.

1. Monthly shorter timeframe each time is intriguing. Will take note of that.

Edit: My monthly indicates otherwise leh.


2. Is reversal candle a prerequisite for prices to reverse OR a signal for you to enter? I.e., if no reversal candle, even if the market were to go down, u won't buy?

chopra, not too sure if you know i was caught a couple of times shorting too early without waiting for the candle.

Remember early november when HSI broke past 22000? I had shorted around 21800 and had to be squeeze balls and hold since I believed it should come down. After that, there were 4 candles before the gap and sell down to 21500 region. Of the 4 candles, 2-3 suggest toppishness and potential reversal. It was confirmed by the gap and sell down but brave souls might have open small shorts on those candles.