The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
»  මෙරට විශාලම ආයෝජනය වන හම්බන්තොට වරායේ අවසන් ආයෝජන මුදල වරාය අතට බාර දෙයි
Yesterday at 10:41 pm by spw19721

» CCS.N0000 ( Ceylon Cold Stores)
Yesterday at 10:09 pm by pjrngroup

» රජයේ සුරැකුම්වලින් රුපියල් බිලියන 2.7 ක විදෙස් ආයෝජන සතියක් තුළ දී ඉවතට
Yesterday at 9:11 am by serene

» ඩොලර් බිලියන 10 යි – මහ බැංකුව ඉතිහාසයේ වැඩිම විදේශ විනිමය සංචිතය ගොඩනගයි
Yesterday at 7:23 am by කිත්සිරි ද සිල්වා

» මාස 02 කදී කොටස් වෙළෙඳපොළ සියයට 4 කින් කඩා වැටිලා
Tue Jun 19, 2018 8:31 pm by serene

» කිම් - ට්‍රම්ප් හමුව: දෙරටේ නායකයෝ සාකච්ඡා අරඹති
Sun Jun 17, 2018 10:55 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sat Jun 16, 2018 8:20 am by spw19721

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Thu Jun 14, 2018 7:17 am by lanka

» සපත්තු පෙට්ටියකින් හමු වූ චීන මල් බඳුන පවුම් මිලියන 14 අලෙවි වේ
Wed Jun 13, 2018 12:03 pm by Ethical Trader

» Dividend Announcement
Wed Jun 13, 2018 11:49 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Wed Jun 13, 2018 11:47 am by Ethical Trader

» ලංකාවේ ඉපිද, බ්‍රිතාන්‍යයේ නගරාධිපති පදවියකට පත් වූ කරීමා
Tue Jun 12, 2018 3:19 pm by Ethical Trader

» KGAL.N0000 (Kegalle Plantation PLC)
Tue Jun 12, 2018 2:40 pm by Ethical Trader

» Where in the world is it easiest to get rich?
Tue Jun 12, 2018 7:53 am by CK

» "එළ හරකා - මී හරකා ආර්ථික ප්‍රතිපත්ති" සහ ඩොලරයට සාපේක්ෂව පහළ වැටෙන රුපියල
Sat Jun 09, 2018 11:07 am by Ethical Trader

» Top 20 magnificient eyes from around the world
Fri Jun 08, 2018 11:10 am by Ethical Trader

» ගෝඨාභය නඩු: උපරිමාධිකරණ විනිසුරුවරුන් දෙදෙනෙක් ඉවත්වෙති
Thu Jun 07, 2018 6:16 pm by sashimaal

» මුහුදු පතුලේ තැන්පත් කළ දත්ත ගබඩාව "යථාර්ථයක් විය හැකි විකාර අදහසක්"
Thu Jun 07, 2018 6:00 pm by Ethical Trader

» KFP.N0000(Keels Food Products PLC)
Thu Jun 07, 2018 8:54 am by lanka

» Sri Lanka Port Authority profits up after China takeover of Hambantota
Wed Jun 06, 2018 5:58 pm by Ethical Trader

» Tax hike to trim profits of Sri Lankan life insurers: Fitch
Wed Jun 06, 2018 5:55 pm by Ethical Trader

» Rupee weakens, stocks gain 0.23-pct
Wed Jun 06, 2018 5:54 pm by Ethical Trader

» ශ්‍රී ලංකාවේ 'අධිකරණයට අපහාස කිරීම' ගැන දැන සිටිය යුතු නීති පසුබිම
Tue Jun 05, 2018 6:50 pm by කිත්සිරි ද සිල්වා

» Sri Lanka finance ministry accounts qualified by Auditor General
Tue Jun 05, 2018 1:28 pm by Ethical Trader

» IFC invests US$2.5mn in Sri Lanka's PickMe
Tue Jun 05, 2018 1:22 pm by Ethical Trader

» Sri Lanka state banks most in need capital for Basel III, new risk identified
Tue Jun 05, 2018 1:21 pm by Ethical Trader

» Sri Lanka's ETI Finance able to settle small depositors if liquidated
Tue Jun 05, 2018 12:53 pm by The Invisible

» Oil steady as extra U.S. supply balances strong demand
Mon Jun 04, 2018 3:59 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Mon Jun 04, 2018 3:32 pm by කිත්සිරි ද සිල්වා

» Cartoon of the day...
Mon Jun 04, 2018 11:47 am by nihal123

» SPEN.N0000
Sat Jun 02, 2018 6:19 pm by Ethical Trader

» තායිලන්තයෙන් අභ්‍යවකාශයට යන 'දූරියන්'
Fri Jun 01, 2018 5:18 pm by Ethical Trader

» නාසා අභ්‍යවකාශ යානයක් ප්ලූටෝ මත මීතේන් අයිස් වැටි සොයාගනී
Fri Jun 01, 2018 5:12 pm by Ethical Trader

» ඉන්දියාව ඉදිරියේ ශ්‍රී ලංකාව බලවත් වෙයි
Fri Jun 01, 2018 3:20 pm by sashimaal

» බන කියන පුංචි දරැවා
Fri Jun 01, 2018 11:21 am by Ethical Trader

» දරුවෙක් බේරාගත් මාලි ජාතික 'ස්පයිඩර් මෑන්'ට ප්‍රංශ පුරවැසිභාවය
Thu May 31, 2018 5:00 pm by Yin-Yang

» Exclusive: Cricket match-fixers caught in the act in Sri Lanka
Mon May 28, 2018 7:41 pm by sashimaal

» RIL.N0000 ( RIL Property )
Mon May 28, 2018 10:04 am by eco

» BFL.N0000 (Bairaha Farms PLC)
Sun May 27, 2018 10:39 pm by seek

» MTD Walkers (KAPI)
Sun May 27, 2018 10:34 pm by seek

» Sri Lanka's ex-Sports minister admits sleaze
Sat May 26, 2018 10:49 pm by Ethical Trader

» HNB regrets unauthorized incident at branch and says action taken
Sat May 26, 2018 10:15 pm by Ethical Trader

» Listed Sri Lanka hospitals have strong growth prospects: Fitch
Sat May 26, 2018 10:04 pm by Ethical Trader

» ශ්‍රී ලාoකීය බෞද්ධයාගේ සම්මා දිට්ඨිය
Sat May 26, 2018 10:03 pm by Ethical Trader

» Food for Thought
Sat May 26, 2018 11:24 am by Ethical Trader

» Theory of Everything
Fri May 25, 2018 3:33 pm by Ethical Trader

» ඊ.ටි.අයි ෆිනෑන්ස් විකිණිමට මහ බැංකුවේ අවසරය
Tue May 22, 2018 9:43 pm by Ethical Trader

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue May 22, 2018 8:53 pm by Yin-Yang

» Whats ailing Sri Lanka ? Why we are what we are!
Tue May 22, 2018 6:02 pm by Yin-Yang

» Karl Marx and the Social Sciences
Sun May 20, 2018 11:25 pm by Backstage

June 2018
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Trading Journal

Page 1 of 5 1, 2, 3, 4, 5  Next

Go down

Trading Journal

Post by xmart on Wed Jun 22, 2016 8:35 pm

Hello Tech Pals,

Some times back NC started a trading journal for himself. I found the practice useful to identify tech setups, performance and personalities of stocks with ASI. therefore, i am initiating this thread to discuss tech prospective of any share (better to mention whether its backed up by fundamentals)

I am not a guru but a curios soul trying to find out waves and rhythm of the market. no one should take any particular set up of trend as a buy/ sell recommendations. be kind enough to do your own studies before execute any order.

good luck all
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by xmart on Wed Jun 22, 2016 8:53 pm

JKH.N0000



After bottomed out at 140 JKH is making a higher low. 10 MA cross above 20 MA while MACD give bullish crossover. JKH is being accumulated though the price remained unchanged.

3 major Elliot waves were finished. are we looking at new wave forming or a retraccement?

anyway, my reading says JKH should reach 185 before forming a new trend either down or up.

any thoughts?
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Yin-Yang on Wed Jun 22, 2016 10:50 pm

My gut feelings says...
buy at 150 and sell at 165 and be satisfied with it.

දැනට වේලිච්ච කොටි මස් කාපල්ලා. නරියා අමු මස් ගෙනෙයි.
avatar
Yin-Yang

Posts : 965
Join date : 2016-03-12

Back to top Go down

Re: Trading Journal

Post by pathfinder on Thu Jun 23, 2016 7:45 pm

X-mart JKH still hasn't form a bottom,so taking it as higher low is not acceptable,Anyway it's being collected.
avatar
pathfinder
Top contributor
Top contributor

Posts : 1329
Join date : 2014-02-23
Age : 36

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Jun 23, 2016 8:26 pm

Path, Agree on that higher low. still the leg has not fully formed. together with rest of indicators i made a bold judgment.

as YY said, i do hope 150 would hold (for everyone's sake) if bounced at 150 then immediate resistance will be at 160-165. in that sense YY correct as per the prevailing market condition much cannot be expected.

since i have used 1 week chart here and major 5 waves were finished there should be a correction. it can either be flat, zig zag or upward. if downtrend to presume ASI should break 6000 mark again (which is not a good sign).

thanks guys!
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by slstock on Fri Jun 24, 2016 6:06 am

Good initiative.

I think,

best to wait till the jkh split is done so you can revisit the trend.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply Wink

---------
avatar
slstock
Veteran
Veteran

Posts : 5160
Join date : 2014-06-12

Back to top Go down

Re: Trading Journal

Post by xmart on Mon Jul 11, 2016 11:13 am

thanks all. lets look at ASI daily



at 6380- 6400 we are facing a down trend line resistance. this is a crucial hour to decide the direction of the ASI in coming days.

if we break 6300 again, it will violate the medium term up trend line. still 6250 would give a strong support. 6250 to 6450 there would be ranging action as per my reading. again i may be wrong!

technically breaking above 6440 would give a sign of a new up trend.
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by CK on Mon Jul 11, 2016 11:47 am

Thanks xmart. please keep updating this link.
avatar
CK
Active Member
Active Member

Posts : 1179
Join date : 2015-11-01

Back to top Go down

Re: Trading Journal

Post by Backstage on Mon Jul 11, 2016 12:30 pm

CK wrote:Thanks xmart. please keep updating this link.

yes yes yes...
avatar
Backstage
Top contributor
Top contributor

Posts : 3270
Join date : 2014-02-24

Back to top Go down

Re: Trading Journal

Post by Axe on Thu Jul 14, 2016 2:51 pm

Hi Xmart, Thanks for the previous updates..

Now that ASI is above 6400 what is you expectation of its value in the coming weeks?
avatar
Axe

Posts : 251
Join date : 2014-02-23

Back to top Go down

Re: Trading Journal

Post by Yin-Yang on Thu Jul 14, 2016 5:04 pm

On a serious note:
This thread appears to be getting better.

Just sharing my random feeling on market's mentality.

Referring to xm's picture,
I feel, if this is going to be an uptrend in medium scale, the rise should be much steeper than the drawn line. I would say, if this is going to be an uptrend we should witness ASI near 6800 within this month.

Otherwise, market will range at least for another 3 more months.

A slower rise will never make it above 6800.


As said somewhere else;

To pull out a deep shit stuck elephant, we need an equal or a bigger jumbo.
avatar
Yin-Yang

Posts : 965
Join date : 2016-03-12

Back to top Go down

Re: Trading Journal

Post by xmart on Mon Jul 18, 2016 8:53 pm

thanks all,

ASI is hovering around 6400-6420. breaking above 6440 with a volume support may fuel next big move up. but upward momentum is getting reduced it seems. ASI may consolidate just below 6400 and break above or retreat to 6300 max and will test the resistance at 6440-6450.

will see the chart at end of july. good luck all!
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by xmart on Mon Aug 01, 2016 10:22 pm

hi all, its 1st of Aug and lets look at the chart



the good news is ASI breaks the short term resistance trendline and ranging between 6380-6420. looking at the volume this is a healthy consolidation to the next level. the next resistance level would be near term high 6680-6700. which is 50% fib of the great fall. therefore, this resistance would be hard to break.

anyway, if ASI to stay in positive territory it should break the rectangle and move up. there are few options at that stage

option 1: follow by the rectangular consolidation (which is a reliable continuation pattern) ASI should go up. 6500 would be a challenge but there should not be much resistance. (ref date by 20/8/2016)

option 2: if PM gave a shock with his policy decisions market will react negatively and break the rectangle down, but panic selling would find buyers around 6350-6380 and start the journey to test 6680 level. (ref date by 27/8/2016)

option 3: PM gave a big shot with unexpected capital gain, unfavorable economic policy, another world turmoil would bring ASI to 6250. which is unlikely but cannot rued out.

therefore, shall we expect something exciting around end of august?

good luck
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by CK on Tue Aug 02, 2016 6:06 am

thanks X.
avatar
CK
Active Member
Active Member

Posts : 1179
Join date : 2015-11-01

Back to top Go down

Re: Trading Journal

Post by xmart on Wed Aug 10, 2016 8:18 pm

so far so good. we got confirmed signals for option 01. are we looking at 6700 at end of the month? bounce
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Axe on Thu Aug 25, 2016 3:32 pm

Guys I was looking at a few chart patterns lately and was keen on ACME chart formation.

It looks like the weekly chart has broken a resistance of 7.70 with this week's trading with some considerable volume. It looks like an ascending triangle pattern. Just wanted to let you guys know. I am not good with charts so better to confirm yourselves..

I cannot seem to put a picture up here but when I can I will, may be later tonight.
avatar
Axe

Posts : 251
Join date : 2014-02-23

Back to top Go down

Re: Trading Journal

Post by Axe on Thu Aug 25, 2016 9:36 pm

Here is my chart... Let me know if you agree..

avatar
Axe

Posts : 251
Join date : 2014-02-23

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Aug 25, 2016 10:56 pm

axe,

still the pattern is too early to be ascending triangle. this could take many forms. the good news is ACME had come out from MT resistance trend. making that "W" with a higher low after a downtrend is a good reversal point.

there is a big resistance at 8.80-9.00 range. breaking above 8 will trigger the target of 8.80-9.00 range. furthermore, each stock has its unique way. if you carefully look at weekly candlestick chart you may see dojis at start and end point of each rally.

CCI gave a buy signal at 7.60-7.80 level (22.08.2016) after 28.04.2014. which cannot be ignored very easily (for me)

on financial note:
this is still a loss making company. they went through a restructuring process, change management and reduced loss very well. if they produce a positive earning this will appreciate more. if they fail to return 'from loss making territory, then this technical rally might not sustained and may return to 6.5 level.

good luck.

P:S- i have collected this share from 6 to 6.60 averaging 6.20. my view might be bias but tried to give a balance view.
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Axe on Thu Aug 25, 2016 11:42 pm

Thanks xmart for your input...

I assume you are referring to Commodity Channel Index, am I correct? One question there, so there seems to be a lot of indicators available for tech traders, how would you select the most suited one?

Thanks for pointing out the doji patterns..

Good luck to you too.
avatar
Axe

Posts : 251
Join date : 2014-02-23

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Sep 01, 2016 10:37 pm

xmart wrote:JKH.N0000



After bottomed out at 140 JKH is making a higher low. 10 MA cross above 20 MA while MACD give bullish crossover. JKH is being accumulated though the price remained unchanged.

3 major Elliot waves were finished. are we looking at new wave forming or a retraccement?

anyway, my reading says JKH should reach 185 before forming a new trend either down or up.

any thoughts?

JKH rejected at 158-160 region (pre-split 182). i exited at 158 with 14% gain for short term. looks like its trying to consolidate around 150 before the conversion. looking at past price actions, after warrant conversion we may see a drop in share price and settle at 140-144 level before its real run. there is a big resistance at 165 level and i believe JKH need more fuel to break 165, 170 and then show its true colors. JKH will be a share for 2017-2018.

xmart wrote:hi all, its 1st of Aug and lets look at the chart



the good news is ASI breaks the short term resistance trendline and ranging between 6380-6420. looking at the volume this is a healthy consolidation to the next level. the next resistance level would be near term high 6680-6700. which is 50% fib of the great fall. therefore, this resistance would be hard to break.

anyway, if ASI to stay in positive territory it should break the rectangle and move up. there are few options at that stage

option 1: follow by the rectangular consolidation (which is a reliable continuation pattern) ASI should go up. 6500 would be a challenge but there should not be much resistance. (ref date by 20/8/2016)

option 2: if PM gave a shock with his policy decisions market will react negatively and break the rectangle down, but panic selling would find buyers around 6350-6380 and start the journey to test 6680 level. (ref date by 27/8/2016)

option 3: PM gave a big shot with unexpected capital gain, unfavorable economic policy, another world turmoil  would bring ASI to 6250. which is unlikely but cannot rued out.

therefore, shall we expect something exciting around end of august?

good luck

we have cleared for opt 01 and cleared 6500 and rejected at 6600 with month end and profit taking. i think it is most welcome pullback and much needed retracement to collect strength to break 6700, which recent high and will give a good fight to the bull. hey, its September and we can expect market to break its recent high and clear the path to 6850, 7000 marks in coming months. with the market everything may go up but only few will outperform the market.

lets look at the chart.



we may expect MT support to hold for now. 6680-6700 will provide some good fight for bull (0.5 fib) and it is essential ASI to break above 6700 to stay in bull trend. if rejected 6400, 6250 will provide some support, but highly unlikely with given market sentiment and September results. in a nutshell, i am expecting a super September.

good luck all!
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by jack18 on Thu Sep 01, 2016 10:43 pm

Thank you Xmart for the detailed analysis

jack18

Posts : 58
Join date : 2015-05-19

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Sep 01, 2016 10:47 pm

Axe wrote:Thanks xmart for your input...

I assume you are referring to Commodity Channel Index, am I correct? One question there, so there seems to be a lot of indicators available for tech traders, how would you select the most suited one?

Thanks for pointing out the doji patterns..  

Good luck to you too.

axe,

sorry for delay in reply.

well, yes there are lot of indicators and one should not messing around with too many of them, which will spoil the soup and give the cook a real headache.

resistance, supports and price action are all based on crowd sentiment. there are some good indicators to back up your observations. one should play around and mater his eyes to see what really market is showing not what really you want to see. apart from RSI and MACD followings are useful and powerful indicators to help you to judge the market.

1. ADX
2. CCI
3. Stochastic RSI
4. William Alligator, Awesome oscillator
5. Accumulation/ Distribution

cheer!
avatar
xmart
Top contributor
Top contributor

Posts : 574
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Future123 on Fri Sep 02, 2016 12:06 am

Thanks Xmart

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Re: Trading Journal

Post by blacknights on Fri Sep 02, 2016 1:05 am

Thanks Xmart. As always great yet simple tech analysis.
avatar
blacknights

Posts : 257
Join date : 2014-08-28

Back to top Go down

Re: Trading Journal

Post by roshana7549 on Fri Sep 02, 2016 7:05 am

Thanks Xmart for your Tech presentation.....

roshana7549

Posts : 277
Join date : 2014-04-18

Back to top Go down

Page 1 of 5 1, 2, 3, 4, 5  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum