dailou can update us some penny counters chart?

Market is so hot but this thread is so cool ?

harvest, nicorp, aglobal .. bornoil... dataprp

all run d..

abit too late to update u guys...

I don't play penny counters....

except cliq-wa, but too late to inform already....

wow? u use chart on penny counter?

i guess those with cash, is best to wait for retracement before rushing to buy huh?

still wait?

don't wait lo...

market is here to trade...

u guys always wait and wait.... don't know need to wait until when only dare to buy in...

CLIQ-WA

penny counters, I prefer to use 30mins chart. fast in fast out! hehe

red highlight is where my entry is (break out of the sideways)

my signal was the green candle before break, with sudden surge in vol. couple with hidden divergence (price moving sideways, but stoch making lower low), gave me higher probability that the break out will lead the price higher, while keeping my risk low (CL around 0.24, which is about 10% losses when I entered at 0.265)

GOCEAN

Another penny counter that is currently in my radar: GOCEAN

- notice how the price not going any lower, but the stoch keep on going down. (possible hidden divergence)

- also, possible formation of a triangle (normally associate with continuation pattern)

- surge in vol during run up, and vol dries up afterward, but still significantly higher than before the run up.

- vol surge suggesting interest from investors/speculator/trader/gambler in the counter, an the dried up vol suggest profit taking not that severe to push back the price down, and probably most of the people who bought during run up still holding it.


something cooking behind?

haha should enter already miss (didn't manage to monitor market at that particular timing). So other than wait, shouldn't chase high too isn't it?

This post has been edited by hehe86: May 14 2013, 10:59 PM

ciachra, about CL, do you tried before using ATR? 2/3 ATR? Or you just use a certain percentage that your comfortable with?

my CL is independent with entry.

my CL always at place where price violates market structure:

- in uptrend, violates the uptrend i.e. making lower low (break previous low)

- in sideways, violates the sideways (price breakdown the sideways)

- in downtrend, violates the downtrend i .e. making new high (break previous high)

Thanks for your reply.

So i assume normally the number of lots that you will enter depending on the CL target that you're comfortable with?

As for the TP, is it same as your CL when it violates the market structure too?

Example your GOCEAN example, your entry would be above the upper trend line while your CL would be below the trend line then? And the TP, assuming that it is a new high, would you hold until the trend breaks ,by making lower high?

Sorry not to MIA you, just to learn some other trading perspective, hope you don't mind and thanks in advance



edit: added some bolded question regarding CLIQ-WA

This post has been edited by hehe86: May 14 2013, 11:53 PM

I'd mention that this is a very healthy well rounded rally ACROSS the board.

Rotation plays are clearly visible.
Stock with good news flows are getting nicely rewarded.
For example, when Southern Steel reported a good turnaround in earnings end last month, other steel stocks started woke up.
When CSCSteel also reported a turnaround in earnings, its stock flew.
Look at Hiap Teck? It woke up also.
Good healthy signs this current run will last for a while.

Yesterday, a group of speculative penny stocks roared.
With that... I won't be surprised if we see back the same rotation amongst speculative stocks.

so....any penny stocks u want to recommend?

I think that chart you posted last night got potential.

- Yeah, the number of lots will depend on how wide my CL is.....

- My TP are usually at the first visible resistance, or if it's a breakout from it's pattern (triangle, wedge, flag etc....) would be the height of the pattern from the break out point

- go to this website if you want to know how to measure TP given certain chart pattern (http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns)

- in case of GOCEAN, based on my 30mins chart, yes my entry would be break out above the triangle, and CL below the triangle. My TP would be the first visible resistance, which in my chart, is around 0.305 - 0.31

- based on that, my Reward is about 3 cents (0.31 - 0.28) while my Risk is 1.5 cent (0.28 - 0.265), which gives me RRR of 2:1. For me that's good enough. and

- I might hold the stocks eventhough it has reached the resistance, as long as I don't see any type of reversal candle / chart pattern (shooting star, dark cloud, bearish engulfing, double top etc...), couple with divergence between the price and stoch. If not sign of that, I may hold the stock a bit longer


- as for CLIQ-WA, the price has been moving sideways btw 0.245 - 0.265. So my CL normally slightly lower than the support, which in this case, is slightly lower than the bottom of the range....

moved already

all operator back to work d.....

they buy when everyone shouting keep a side...

i know one of my friend bought before election that friday...

he sapu alot of shares... now making 50% gain within a week....

maybe more coming....

we r speculator la.. wear spec to trade lo... don't show ppl u r crying when u r losing..

This post has been edited by kueyteowlou: May 15 2013, 10:34 AM

ciahcra according to your technical analysis, how much higher/lower will Cliq/WA get?