Trading Q&A

I'm so sorry guys for not attending to this site for a long time. After coming back from Genting, I was busy catching up with my work and most importantly, my trades!!! I thought I saw opportunities and started to focus on my trading instead. This is also one reason why you should digest my growmoney blog on a daily basis. I'm a local and i make mistakes as well as profits. Let's learn together!

22 Dec 05, 22:03sonjoy: can i say that your quick pick list does not meet your "chart formation+vol= breakout" strategy?

Ans: Yes sonjoy, i provided the list for those who wish to know what are the stocks to look out for in my opinion.

20 Dec 05, 20:26Archer: at what time do u do u read all this questions and answer them....?

Ans: Archer. I tried my best to do it whenever i'm free or when the market is quiet. When you don't hear from me, I must be busy trading. : ) But minimum will be on a weekly basis.

20 Dec 05, 20:14Archer: what book should one get fimilar with to understand ur breakout method...ur one book..maybe "Bible" for breakout that u would say " I swear by it !" , that I could read for understanding ur method

Ans: I wish it's that simple. It's a combination of 3 books which i felt most useful and it's in my Growmoney Shop. You can either get locally or thru amazon. Do not focus on trading system. Psychology is the most important! It's the driving force behind any trading system!

20 Dec 05, 20:11Archer: can u expain/elaborate with charts what is higher high higher low..er..something like that...that which u look out for when determining a breakout?

Ans: You can see my charts at growmoney blog. Normally I will mention. but to put it in words, it's a "W" with the right side of the "V" higher than the previous one.

19 Dec 05, 23:55Her: Thanks for the reply, Decipher. But what is chart formation? Sorry, I'm really very new to this.*blur*

Ans: Her, I can't posibly list all chart formations here without diagrams. However you can do a google search for it. I prefer to explain why chart formation is important to me. Chart formation reflects the buying and selling of the stock. Consolidation....distribution... a proper chart formation will gives me more confidence to buy it.

19 Dec 05, 23:47Archer: i notice u use RSI more often than MACD or stochastic..is this true..what indicators do u rely on for breakout?

Ans: I use RSI alot however I also used MacD Histogram on the weekly chart to determine the major trend. As for Stochastics, I am not using anymore as my current breakout system does not require it.

19 Dec 05, 23:43Archer: are u refering to cup and handle and double bottom as chart formation ? what other (list of ) formation are there to look out for?

Ans: I basically look out for every chart formations I knew. The list is very comprehensive. You may think i'm boasting. But it's the truth, I been reading charts for the past 2 years daily and somehow all the practises had given me the ability to spot formation easily today.

19 Dec 05, 23:02Archer: Thanks for the prompt reply. I need a lot of 'hand holding' !So, can u elaborate ur method with some illustrations please? U mentioned about Cosco . now 2.17 .when break out?

Ans: Cosco is behaving oddly and currently had rebounded off it's 200 moving average at 2.08 support. I intend to write a book on what work for me. Hence I will not elaorate too much online now. :P