Review : Candlesticks Tactics day 1

I’m glad to see Collin and Rebekkah again. This time they have grow from a two person a year back double to 4 now, I noticed so has Rebekkah’s tummy as well. God bless her baby and her team. I think in this recession presents a good opportunity for start-up businesses. I must say they do give value for money , even stuff outside the candlestick syllabus are covered.

3 Ps of Trading

1. Price Management
   • E – Entry Price ( Trigger )
   • T – Target Price  ( Potential Profit )
   • E – Exit Price ( Stop loss)
   • T – Time Frame
2. Position Management
   • Risk Reward Ratio = Potential Profit/ (Stop loss – Trigger) > 3 : 1
   • Position sizing = Total amt willing to lose / ( Stop loss – Trigger )
3. Psychology Managment
   • Take Half Profit when hit Target Price or 10 % proft
   • Ride other half profit

Volume Vs Price action

1. Super Volume /\ + Price /\ = Reversal
2. Volume /\ + Price /\ = Bullish
3. Volume \/ + Price /\ = Bull Weakening
4. Volume /\ + Price \/ = Bearish
5. Volume \/ + Price \/ = Bear Weakening

Moving Averages

1. 200ma = Long Term Investors
2. 50ma = Banks / institutions
3. 20ma = Traders

Sequence of Stop loss tiggers

1. Initial Risk Stop
2. Break even stop
3. Trailing stop (from previous day low)
4. Time stop

Check Fibbonaci sequences.

Anyway , adapted from mother Theresa

People are often unreasonable, irrational, and self-centered.
Forgive them anyway.

If you are kind, people may accuse you of selfish, ulterior motives.
Be kind anyway.

If you are successful, you will win some unfaithful friends and some genuine enemies. 
Succeed anyway.

If you are honest and sincere people may deceive you. 
Be honest and sincere anyway.

What you spend years creating, others could destroy overnight. 
Create anyway.

If you find serenity and happiness, some may be jealous.
Be happy anyway.

The good you do today, will often be forgotten.
Do good anyway.

Give the best you have, and it will never be enough. 
Give your best anyway.

In the final analysis, it is between you and God. 
It was never between you and them anyway.

Short break : Quick thoughts , CMT

FairPrice sub-underwrites CapitaMall rights issue CapitaMall Trust (CMT) – Singapore’s largest supermarket chain NTUC FairPrice has agreed to spend as much as $22.1 million to buy up to 27 million rights units in CMT if the issue is not fully subscribed. The sub-underwriter arrangement comes under a standby purchase agreement. The 27 million units represent about 1.8 per cent of the rights units that have been offered by CMT and, if fully allocated to NTUC FairPrice, will raise its substantial stake from 6.35 per cent to 7.3 per cent. This also assumes that the groceries retailer fully subscribes for its own entitled rights shares. As a sub-underwriter, NTUC FairPrice will receive a fee of $332,100, or 1.5 per cent of the price for the 27 million rights units. The standby purchase agreement was inked between NTUC FairPrice and the joint lead managers and underwriters.

Interesting development, smart move by NTUC to get value and suck some money from big rival likes cold-storage/carrefour through the dividends of trust units, and perhaps even out-perform their competitors,since technically buying into CMT will offset their own rents. Although I’m not a NTUC union member, I’ve a NTUC linkpoints subscription through the use of my Fairprice Plus Visa. Hope in the near future I will be able to exhange linkpoints for capitalmall shopping vouchers instead of the crappy metro ones presently. Provided their value is not inflated since capitaland is paying staff bonuses in terms of captialand vouchers. haha

Sarcastic remark or indirect compliement?

Overheard on the grapevine today, interesting story from a girl about some other girl that had crush on guys with proportionate greek bodies.
and then she goes around commenting un-gym like guys in the group . If you ever fall for a guy in your social circle with a nice body, it means you have functioning genes and the guy in question also has good genes as well. (see youtube)
What really amazes me is human beings are about the only creatures on this planet capable of using reason to twist the mind and un-program their genes. On a side note , I’ always believe in a healthy mind requires a healthy body, you cannot have one without the other. Nonetheless a healthy girl is one with big butt and boobs haha =D , ‘beauty’ is for another separate discussion, or so it is said “is in the eye-of-the-beholder”