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

Display results as :
 


Rechercher Advanced Search

Latest topics
» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Today at 1:52 pm by LSE

» Thread for News on Local and Foreign Politics
Today at 8:15 am by ruwan326

» Thread for News on CSE and SL Economy
Today at 6:28 am by nihal123

» Dividend Announcement
Today at 6:04 am by nihal123

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Yesterday at 9:20 pm by pjrngroup

» Thread for News on International Markets
Yesterday at 7:56 am by The Invisible

» DIPD.N0000 (Dipped Products)
Yesterday at 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Yesterday at 7:16 am by The Invisible

» TAFL - Three Acre Farms
Yesterday at 7:14 am by The Invisible

» RCL - Royal Ceramics
Yesterday at 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Yesterday at 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» අනං මනං! #/+?.<>
Mon Nov 12, 2018 7:57 pm by Yin-Yang

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

» HAYC - Haycarb
Fri Nov 09, 2018 10:30 am by The Invisible

» WATA - Watawala
Fri Nov 09, 2018 10:22 am by The Invisible

» AAIC.N0000
Fri Nov 09, 2018 10:10 am by The Invisible

» Asian markets rally as investors see positive in US gridlock
Fri Nov 09, 2018 8:02 am by serene

» CSE RISE , RIDING ETHICALLY
Wed Nov 07, 2018 5:53 am by pjrngroup

» Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
Tue Nov 06, 2018 6:38 pm by serene

» HHL.N0000 ( Hemas Holdings PLC)
Tue Nov 06, 2018 8:43 am by The Invisible

» Weldone Serene for 4000 + posts
Tue Nov 06, 2018 7:44 am by serene

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Tue Nov 06, 2018 7:36 am by serene

» Asiri Hospitals PLC - ASIR
Mon Nov 05, 2018 11:58 am by The Invisible

» Flying is the Safest mode of Transport
Sat Nov 03, 2018 8:44 am by කිත්සිරි ද සිල්වා

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Fri Nov 02, 2018 7:45 pm by Brave Heart

» What MOTTOs/PRINCIPLEs do YOU follow in LIFE ?
Thu Nov 01, 2018 4:14 pm by Seyon

» LDEV - Lankem Developments
Thu Nov 01, 2018 2:23 pm by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 01, 2018 12:43 pm by The Invisible

» MTD Walkers (KAPI)
Thu Nov 01, 2018 11:54 am by The Invisible

» SERV - The Kingsbury
Thu Nov 01, 2018 10:12 am by The Invisible

» LFIN - LB Finance
Thu Nov 01, 2018 10:03 am by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Thu Nov 01, 2018 9:56 am by The Invisible

» Sri Lanka jumps 11 places to 100th rank in World Bank’s Doing Business index
Thu Nov 01, 2018 9:52 am by The Invisible

» Banking Sector
Thu Nov 01, 2018 9:50 am by The Invisible

» All Share index crosses 6,000 points
Thu Nov 01, 2018 8:20 am by Brave Heart

» Asian Hotels and Properties September net down 48-pct
Thu Nov 01, 2018 8:17 am by Brave Heart

» Sri Lanka rupee weakens; stocks rally slows
Thu Nov 01, 2018 8:13 am by Brave Heart

» TJL.N0000 (Textured Jersey Lanka PLC.)
Wed Oct 31, 2018 7:27 pm by PANTOMATH

» Whats ailing Sri Lanka ? Why we are what we are!
Wed Oct 31, 2018 6:07 pm by Ethical Trader

» Sri Lankan rivals tempt defectors to swing crisis
Wed Oct 31, 2018 9:41 am by The Invisible

» Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise
Wed Oct 31, 2018 9:36 am by The Invisible

» Sri Lanka President could dissolve parliament if interim budget is defeated: Wijedasa
Wed Oct 31, 2018 9:34 am by The Invisible

» Sri Lanka political crisis hikes debt rollover risk: Fitch
Wed Oct 31, 2018 9:31 am by The Invisible

» Sri Lankan political standoff could threaten reforms: S&P Ratings
Wed Oct 31, 2018 9:29 am by The Invisible

» Giant pro-democracy rally in Sri Lanka capital
Wed Oct 31, 2018 9:27 am by The Invisible

» Postponing reforms will make Sri Lanka lag behind peers, central bank warns
Wed Oct 31, 2018 9:22 am by The Invisible

November 2018
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

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 5 of 5 Previous  1, 2, 3, 4, 5

Go down

Re: Trading Journal

Post by Yin-Yang on Fri Sep 23, 2016 9:11 pm

Elliott waves may sometimes coincide with business growth phases; but the two, better not be taken together.

The basis of Elliott waves is psychological [not business performance].

And it is, just like Fib levels, observable in natural movements as well.

For example; you may have heard what happened when the tsunami took place. There were approximately 3 waves; first one small, second one big and so on.

During an earthquake also they say, you can experience a series of quakes.

After all, there are only minor differences between the behavioral patterns of a mass of water, a mass of soil and a mass of Homo sapience.

avatar
Yin-Yang

Posts : 1136
Join date : 2016-03-12

Back to top Go down

Re: Trading Journal

Post by 007 on Fri Sep 23, 2016 10:46 pm

dear yin yang
i just use the Elliott wave to illustrate the strategy as the discussion start with the Elliott wave .The idea is originally built on the idea of EARNING MATURATION CYCLE check the YK's post for reference YK also tells its looks like product maturation cycle.that is also not a coincident there is no wonder companies earnings follows the same path the product travel as companies profitability depends on product .then the price also have to travel on the same path of course its depends on investors mind investors cant resists the urge to buy the companies that gives continues earning surprises. investor can resist up to some time but cant resist after a specific point thats why we use the technical to identify that specific point thats way this strategy called specific entry point analysis

do know the history of this techniques
SEPA developed from rigorous research decades of application in the real world and observed facts not personal opinions
neither i or mark minervini simply accept this strategy
he also develop this upgraded version after reading several successful investors
including william o nail who is the founder of CAN SLIM.how many of you know william o nail is founder of cup with handle pattern as well .initial history began in 1907 with jesse livermore the greatest trader ever .he made 3million in a single day .even in the 1929 great crash (if some one read stocks for long run will understand what is great crash means even the famous Irving Fisher went bankrupt during this great crash)livermore made a whopping 100 million .from one market professor to next lessons were consistent the basics what make the super performance stock in the past had not changed
avatar
007

Posts : 159
Join date : 2014-11-29

Back to top Go down

Re: Trading Journal

Post by xmart on Mon Oct 03, 2016 10:07 am

xmart wrote:



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!

well, our Elliot pattern broke where wave 3 wasn't strong enough to break the high made by wave 01. this is why i mentioned breaking of wave 01 high from wave 3 as the safest entry.

anyway, its a new month and lets look at the chart.



as we can see here, bulls and bears are fighting equally and that have created a symmetrical triangle, which is non-directional pattern. but breaking of the triangle would lead to a new trend.

breaking of 6600 would trigger the target of 6880 and 7100 respectively.
breaking of 6380 would trigger the targets of 6250 and 6000.

anyway, believing the MT support to hold, i expect the ASI to break upward.

good luck all!
avatar
xmart
Top contributor
Top contributor

Posts : 637
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Yin-Yang on Mon Oct 03, 2016 10:16 am

Why traders always limit themselves to triangles and boxes?

Can't they make use of other polygons such as pentagons, hexagons, heptagons + + +
avatar
Yin-Yang

Posts : 1136
Join date : 2016-03-12

Back to top Go down

Re: Trading Journal

Post by xmart on Mon Oct 03, 2016 10:28 am

since we have talked about ACME, i think it is better to give an early warning,

xmart wrote: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.

here is the latest chart ACME


we can see a bearish divergence occurring in weekly chart. if you are short term and with profit, it is better to exit. if you are short term and with loss, wait till the stop loss trigger. if you have collected on purpose, then ignore the trend.

cheer!
avatar
xmart
Top contributor
Top contributor

Posts : 637
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Yin-Yang on Mon Oct 03, 2016 10:52 am

For educational purposes:

Has 'breaking of wave 01 high from wave 3' occurred in ACME ?
avatar
Yin-Yang

Posts : 1136
Join date : 2016-03-12

Back to top Go down

Re: Trading Journal

Post by Axe on Mon Oct 03, 2016 7:49 pm

Thanks Xmart.. I'm currently in profit, but wasn't aware of this development. I'll need to see what I should do. Thanks again.

But, won't an upward movement in ASI have some support for ACME?
avatar
Axe

Posts : 251
Join date : 2014-02-23

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Oct 25, 2018 9:04 pm

Yin-Yang wrote:For educational purposes:

Has 'breaking of wave 01 high from wave 3' occurred in ACME ?

that is called a fakeout my friend as you well know that. The market is a treacherous girlfriend who shows you one face and next step changes it something different. what we are trying to do is make a logical and systematic approach to understand the behavior of each stock as per their post behaviors. since chart patterns also vary with stock to stock with attracted holders.

sorry that I took 2 years to reply that.
avatar
xmart
Top contributor
Top contributor

Posts : 637
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by xmart on Thu Oct 25, 2018 9:56 pm

REXP


There is an interesting chart again. REXP has been on the downward channel since 2016 and indicators show that turnover occurred at 160 level. a breaking of 200 psychological barrier would ensure that down trend has also come to an end.

the breaking of 200 would open possibilities to test the immediate resistance of 220, then 245 and 265 in the coming months if the trend is strong. fundamentally if REXP could earn 50+ EPS with favorable exchange fluctuation, GSP+ etc.

BFL


Technically, BFL is forming a double bottom in the weekly chart around strong support area 115. given policy decision on maize importation, it is not possible to expect big appreciation in share price but forming of the double bottom would take BFL to 155-160 region for consolidation.

SAMP


classic chart for classic share. SAMP has completed it's 5 waves in complete Elliot cycles from 2012-2018 period in another major Elliot wave (Wave I) and then looking forward to start its 2nd wave to 450+ in 4-5 years. but excessive correction had brought the share below to 220 which is discounted since technically bottom could have been around 250.

deeper the correction, swifter the wave! so, this share probably corrected to 275-280 level once the market base established.

SCAP



interesting chart for failing wedge bullish continuation. testing of psychological barrier 6 in coming days is an inevitable and likely breaking of 6 to test 6.3 would bring 20% capital return and nearly 8-10% dividend gain. if 6.3 resistance broke successfully with the failing wedge, we could expect SCAP to test 7.50 -7.70 in coming months.

open for discussion! please..
avatar
xmart
Top contributor
Top contributor

Posts : 637
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by serene on Fri Oct 26, 2018 5:39 am

Thanks X..

serene
Top contributor
Top contributor

Posts : 4059
Join date : 2014-02-26

Back to top Go down

Re: Trading Journal

Post by nihal123 on Fri Oct 26, 2018 6:34 am

Thanks xmart
avatar
nihal123
Top contributor
Top contributor

Posts : 4989
Join date : 2014-02-24
Age : 52
Location : Waga

Back to top Go down

Re: Trading Journal

Post by Brave Heart on Fri Oct 26, 2018 7:11 am

Thanks X really good work. I have to agree with u with regard to Sampath as it was subject to over correction. I do expect 250/- will be the reasonable base for it to stabilise given the current market context.
+ rep from me Very Happy

Brave Heart

Posts : 164
Join date : 2018-10-17

Back to top Go down

Re: Trading Journal

Post by PANTOMATH on Fri Oct 26, 2018 8:47 am

Thanks XM for the presentation.
REXP is good as Longterm investment.I pointed out it in REXP thread as well.

If you are a longterm trader weekly chart is not the ideal chart format.If you carefully looked at your chart in 2017 May also REXP has shown the same chart pattern in weekly chart.But it failed in few weeks.

I use quarterly chart for longterm trading. REXP is now positive in quarterly charts that's why I mentioned it in REXP thread.

I'll discuss about LT trading later.
avatar
PANTOMATH

Posts : 97
Join date : 2018-10-15

Back to top Go down

Re: Trading Journal

Post by yellow knife on Fri Oct 26, 2018 8:59 am

Thanks X

yellow knife
Top contributor
Top contributor

Posts : 6089
Join date : 2014-03-27

Back to top Go down

Re: Trading Journal

Post by Brave Heart on Fri Oct 26, 2018 9:03 am

PANTOMATH wrote:Thanks XM for the presentation.
REXP is good as Longterm investment.I pointed out it in REXP thread as well.

If you are a longterm trader weekly chart is not the ideal chart format.If you carefully looked at your chart in 2017 May also REXP has shown the same chart pattern in weekly chart.But it failed in few weeks.

I use quarterly chart for longterm trading. REXP is now positive in quarterly charts that's why I mentioned it in REXP thread.

I'll discuss about LT trading later.
Yes quarterly charts are better for long term decisions

Brave Heart

Posts : 164
Join date : 2018-10-17

Back to top Go down

Re: Trading Journal

Post by xmart on Fri Oct 26, 2018 4:54 pm

Thanks All,

well Panto, my trading horizon is 1-3 years most. therefore I usually prefer weekly charts for patterns, setups and use monthly charts to identify prevailing trends as CSE is illiquid to go below weekly charts and not matured market for rely on much higher time frames like monthly or quarterly.

anyway, we are waiting for your knowledge sharing on long term trading in CSE.

thanks

P:S- Market is active again. we'll see how things are going to unfold.
avatar
xmart
Top contributor
Top contributor

Posts : 637
Join date : 2015-01-17

Back to top Go down

Re: Trading Journal

Post by Brave Heart on Fri Oct 26, 2018 6:04 pm

Thanks X. Market is active means market is recovering thanks to JKH. JKH pulled down the market and similarly JKH itself should lift the market as well.

Brave Heart

Posts : 164
Join date : 2018-10-17

Back to top Go down

Page 5 of 5 Previous  1, 2, 3, 4, 5

Back to top


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