Trading Q&A

15 Jan 06, 11:05Cancerian: Poems, UOB, DBS Vicker etc. Looking into opening up an online account, who's better? Your advice pls. Thks.

Ans: I have no idea because i only use iocbc. The only thing u should compare is their brokerage. Do not be afraid to ask them. I'm sure they are desperate to have you as a customer.

15 Jan 06, 01:04jq: this is not a trading question but i ask anyway: why you put "sponsored by ChartNexus" at the left side? are you working for them?

Ans: I am not working for them. Rather it's a partnership where I help to provide feedback to them on their software and other potential areas of cooperations.

13 Jan 06, 18:24Archer: refering to ur 11th Jan posting..what do u mean by weakness..how is it shown on the charts...how do u detect bear strength in them ?

Ans: You can find the answers in my Digest 2 posted on 7th Jan 2006, i explained that.

8 Jan 06, 19:42Cancerian: Hi Decipher, what's your sequence of tools use in your analysis work? Trendline first to determine general direction and then candlestick or pattern for micro analysis to determine entry or exit? Pls

Ans: In this order hor, market direction >>> sector in play >>> see how leaders are doing >>> look for chart formations >>> Use technical indicators to confirm

8 Jan 06, 18:38learner: hi Decioher, sorry i am not sure if the questions that i posted have been ask before. Btw your knowledge is learned from books, practise or course?

Ans: I based on the books i read and my own experience in losses! it's so painful to lose that i avoid the same mistakes. You can view the books i read by clicking on my picture.

8 Jan 06, 18:36learner: If it is making new highs, how we know when to get out? I get out of celestial too early after holding for 2-3 months. It could be right or it may be wrong, i dont know.

Ans: I always say no one can sell at the exact top. When you buy a share, make sure u have all the exit plans ready. When triggered, just sell. You will not be so sad now if Celestial do a U-turn where many penny shares are so fond of doing. keke

8 Jan 06, 18:35learner: What is your breakout strategy? By volume on resistance? How is it validated or invalidated? What software you use to detect the breakout?

Ans: Learner, there is no way breakout is 100%. Some fell back into trading range. However, a breakout from a nice chart formation should be more successful. Software? I use chartnexus! :D

8 Jan 06, 18:32learner: How do you spot distribution?

Ans: Distribution happens when volume is high for a few days and yet price didn't go any higher. It can be further confirmed by reading the time and sales. You will notice more selling than buying despite price staying firm.