30 May 2008
MCGR - Monthly Compounded Growth Rate of Total Trading Capital
End May 2008 verse end Apr 2008: -0.24%
End May 2008 verse end Apr 2008: -0.24%
Labels: MCGR
[quote="7777777"]Hi everybody,
How are you doing recently?
I have no writing access to my thread since 16 May 08 due to some reason in my home PC. could not solve until now.
I began full time work on 20 May 08 after being a full time trader for near one year. I was forced to give up full time trading due to bad market conditions. I'm not sure when I can come back to that path.
I managed to do a few trades recently,
[b]FerroChina [/b]bot 1.66
[b]IndoAgri [/b]bot 2.50
[b]JES [/b]bot .41
[b]Sunvic [/b]bot .39
I'm trying to add [b]Sunvic [/b]near .40, seems manipulator has determined to lift the price whatever happened in the market place.
good luck!
7777777[/quote]
How are you doing recently?
I have no writing access to my thread since 16 May 08 due to some reason in my home PC. could not solve until now.
I began full time work on 20 May 08 after being a full time trader for near one year. I was forced to give up full time trading due to bad market conditions. I'm not sure when I can come back to that path.
I managed to do a few trades recently,
[b]FerroChina [/b]bot 1.66
[b]IndoAgri [/b]bot 2.50
[b]JES [/b]bot .41
[b]Sunvic [/b]bot .39
I'm trying to add [b]Sunvic [/b]near .40, seems manipulator has determined to lift the price whatever happened in the market place.
good luck!
7777777[/quote]
Labels: Live Trading Records
27 May 2008
I could not make any fresh postings in
http://forum.channelnewsasia.com/viewtopic.php?t=27825&postdays=0&postorder=asc&start=0
any more, error message is "Invalid Session. Please resubmit the form."
can anyone tell me what is happening?
http://forum.channelnewsasia.com/viewtopic.php?t=27825&postdays=0&postorder=asc&start=0
any more, error message is "Invalid Session. Please resubmit the form."
can anyone tell me what is happening?
18 May 2008
[quote="Saucepan1"][color=blue][b]China Earthquake Appeal[/b]
[b]Where to donate[/b]
Members of the public who would like to contribute towards the Red Cross China Earthquake Appeal can make their donations through the following:
[b]Cash/Walk-in Donations[/b]
Walk-in donations can be made at the Singapore Red Cross Society, 15 Penang Lane, Singapore 238486.
Our collection hours are:
Mon - Fri: 9.30am - 5.45pm
Sat & Sun (17-18 May): 9.30am - 5pm
Vesak Day (19 May): 9.30am - 5pm
For more information, please call the Singapore Red Cross at 6334-9152/53 or email china.enquiry@redcross.org.sg.
[b]Cheque Donations[/b]
Cheque can be made payable to:
Singapore Red Cross Society
Please indicate behind the cheque:
1) Name, Organisation (if applicable), Mailing Address and Contact Numbers
2) For Red Cross China Earthquake Appeal
An official receipt (Donation is not tax deductible) will be issued.
Send the cheque to:
Singapore Red Cross Society
15 Penang Lane, Singapore 238486
[u][i]*Singpost waives postage for cheque donations to Singapore Red Cross[/i][/u]
[b]UOB Internet Banking[/b]
1) Login to UOB Personal Internet Banking
2) Click on "Bill Payment" on the left menu
3) Click on "Pay Bills" on the left menu
4) Click on "New Bill" on the main screen
5) Select "Red Cross China Earthquake" from the drop down menu of the payee corporations list
6) Enter telephone number as the Bill Reference Number
7) Enter the debiting account to debit donation
8.) Enter the donation amount
9) Click on "Confirm" button to approve payment
[b]UOB Cheque Donations[/b]
Donations by cheque can be dropped at the UOB's cheque deposit boxes.
Cheques should be crossed and made payable to "Red Cross - China Relief Fund".
[b]DBS/POSB Fund Transfer[/b]
1) Insert your ATM card and enter PIN. Select "More Services"
2) Select "Credit Card/Bill Payment"
3) Key in "99" Other Corporation
4) Key in "99" again
5) Key in "18" for Red Cross China Earthquake
6) Indicate your contact number as the Bill Reference Number.
7) Select account type
8.) Enter donation amount
9) Press "Confirm" to complete transaction
[b]AXS Stations[/b]
Members of the public can donate at all AXS stations islandwide.[/color][/quote]
[color=blue]can also donate easily through DBS Internet Banking, go to Bill Payment, look for Red Cross China Earth Quake[/color], my family and I donated 3 times in total using this function just now.
[b]Where to donate[/b]
Members of the public who would like to contribute towards the Red Cross China Earthquake Appeal can make their donations through the following:
[b]Cash/Walk-in Donations[/b]
Walk-in donations can be made at the Singapore Red Cross Society, 15 Penang Lane, Singapore 238486.
Our collection hours are:
Mon - Fri: 9.30am - 5.45pm
Sat & Sun (17-18 May): 9.30am - 5pm
Vesak Day (19 May): 9.30am - 5pm
For more information, please call the Singapore Red Cross at 6334-9152/53 or email china.enquiry@redcross.org.sg.
[b]Cheque Donations[/b]
Cheque can be made payable to:
Singapore Red Cross Society
Please indicate behind the cheque:
1) Name, Organisation (if applicable), Mailing Address and Contact Numbers
2) For Red Cross China Earthquake Appeal
An official receipt (Donation is not tax deductible) will be issued.
Send the cheque to:
Singapore Red Cross Society
15 Penang Lane, Singapore 238486
[u][i]*Singpost waives postage for cheque donations to Singapore Red Cross[/i][/u]
[b]UOB Internet Banking[/b]
1) Login to UOB Personal Internet Banking
2) Click on "Bill Payment" on the left menu
3) Click on "Pay Bills" on the left menu
4) Click on "New Bill" on the main screen
5) Select "Red Cross China Earthquake" from the drop down menu of the payee corporations list
6) Enter telephone number as the Bill Reference Number
7) Enter the debiting account to debit donation
8.) Enter the donation amount
9) Click on "Confirm" button to approve payment
[b]UOB Cheque Donations[/b]
Donations by cheque can be dropped at the UOB's cheque deposit boxes.
Cheques should be crossed and made payable to "Red Cross - China Relief Fund".
[b]DBS/POSB Fund Transfer[/b]
1) Insert your ATM card and enter PIN. Select "More Services"
2) Select "Credit Card/Bill Payment"
3) Key in "99" Other Corporation
4) Key in "99" again
5) Key in "18" for Red Cross China Earthquake
6) Indicate your contact number as the Bill Reference Number.
7) Select account type
8.) Enter donation amount
9) Press "Confirm" to complete transaction
[b]AXS Stations[/b]
Members of the public can donate at all AXS stations islandwide.[/color][/quote]
[color=blue]can also donate easily through DBS Internet Banking, go to Bill Payment, look for Red Cross China Earth Quake[/color], my family and I donated 3 times in total using this function just now.
10 May 2008
A Trading Technique using the Inside Bar with the MACD
By Sunil Mangwani
Technical analysis to predict price action in the financial markets is just another factor used to put the odds in favor of the trader. But relying on any single indicator to provide signals for a trade is not advisable. Since indicators derived from price action are lagging indicators, they confirm a signal only after the move has been initiated.
If another factor confirms the same signal, the probability of a successful trade is increased. The second confirming factor could be another indicator, but ideally the price action should confirm the signals shown by the indicator. In this regard, candlesticks are found to be very effective.
We will look at a system combining the MACD indicator with a candlestick ‘Inside Bar.’ This system can be effectively used in larger timeframes from 4-hour bars to the monthly bars.
First, let’s develop an understanding of the basics of each of the elements.
Moving Average Convergence Divergence (MACD)
The MACD is one of the most popular technical indicators used in technical analysis, since it can be used either as a trend or momentum indicator.
This indicator is made up of the Moving Average Convergence Divergence line and the signal line. Since it also doubles as an oscillator, it comprises a range with the centerline, which denotes the zero line. It is also represented by a histogram, which is nothing more than a visual representation of the difference between the MACD line and the signal line.
The distinct advantage of this indicator is that simply observing whether the MACD signal line or its histogram is above or below the zero line can be used to identify a trend. While the MACD also interprets whether price is overbought or oversold, we will concentrate only on the trend part of the equation for now, which can be briefly described as
1. The MACD signal line crossovers – when the MACD falls below the signal line, it is a bearish signal that indicates it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal suggesting that price is likely to gain upward momentum. It is safer to wait for a confirmed cross above the signal line before entering into a trade.
2. Zero line – When the MACD is above the zero line, the short-term moving average is above the longterm moving average, signaling upward momentum. The opposite is true when the MACD is below the zero line. This zero line often acts as an area of support and resistance for the indicator.
Inside Bar
An Inside Bar forms when a market has a small range day as compared to the range of the previous day. This simply means that it is a bar with a lower high and a higher low than the previous bar.
As illustrated in this example, the high and low of the current bar are within the range of the previous bar. This is often interpreted as price taking a breath and being uncertain of the direction of the market. The subsequent breakout of this Inside Bar can cause volatile movement.
When the characteristics of these two entities are combined, it is possible to effectively form a system with the following conditions:
Trade Entry – When the MACD is above the zero line, the high of the Inside Bar should be the location of a buy stop. This simply means that a breakout is anticipated to the long side since the MACD is in the positive zone. Hence, we place our buy orders above the high of the Inside Bar.
Similarly, the low of the inside bar should be used to position a sell stop when the MACD is below the zero line.
Stops – If triggered, the stops should be placed below the low of the Inside Bar in case of a long trade and above the high of the inside bar for a short trade.
Since we can afford to keep tight stops, the risk-to-reward ratio for the trades is usually very high.
Exit – It is advisable to follow trades with a trailing stop to lock in profits since no specific exit strategy is defined. The general rule of thumb would be to exit / take profits when the MACD starts to show a reversal of momentum or when the signal lines / histogram cross in the opposite direction.
Situations where the Strategy would not be Effective
This strategy would be ineffective in a range bound market where price is consolidating. In this type of market, Inside Bars could be forming due to price moving within a small range while the MACD is also flat around the zero line. In such cases, it is better to stay out of the market until there is a noticeable movement in price.
Lets take a look at the application in the following examples.
In the set-up marked (1) located on the left side of the screen shot, we observe the MACD as soon as we have an Inside Bar. In this case, the MACD lines as well as the histogram are both below the zero line indicating strong downward momentum. The sell stop order is placed below the low of the Inside Bar with the stop-loss buy order placed above the high of the Inside Bar.
In the set-up marked (2) located on the lower right center of the screen shot, the MACD lines have crossed upwards and the histogram closed above the zero line. This indicates upward momentum. The buy stop order to initiate the position is placed above the high of the Inside Bar with the sell stop-loss order placed below the low of this Inside Bar.
It is important to note that we are not entering a trade simply on the formation of the Inside Bar. We are entering the trade on a Buy/Sell Stop order, effectively letting the market confirm our trade.
This can be seen in the setup marked (3), where a buy stop order is placed above the high of the Inside Bar. This was a pause/ pullback in the prevailing uptrend and in such cases it is difficult to make a call whether the trend will continue or turn into a possible reversal.
Since the MACD is still showing an uptrend with the signal lines and the histogram in the positive zone, we place our buy order above the high of the Inside Bar and let price confirm the move.
If momentum had not been strong enough, price may not have closed above the high of the Inside Bar. We have combined the characteristics of these two market indicators to achieve a higher probability for a trade.
As we can see in the chart, the set-ups provide a precise point for trade entry. If we had relied solely on the signal provided by the MACD, the exact entry could not have been pinpointed.
The identification of this system or the set-up is the Inside Bar.
In effect, the set-up is waiting for price to catch its breath, anticipating that the breakout of the market will be volatile while using the MACD to provide the clues for market direction.
While this may not work all the time, it should at least keep us out of losing trades.
Sunil Mangwani is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex markets for the last 5 years and devised simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis.
He has worked as content provider and article writer with different websites such as www. surefire-trading.com, www.trading-strategies. info and www.guppytraders.com.
He has also developed video modules on specialized topics and has contributed technical articles to the Traders magazine.
The realization that it is essential for every trader to have proper education and mentoring led to a desire to create such a community for other traders. Thus, the FX Instructor project was born with an aim to share his extensive knowledge of successful trading with others and to coach individuals who want to make a change in their trading methods.
He is the “Director of Education” at www. fxinstructor.com where he conducts the Live Trading Room & online webinars on Forex trading. All the details of his published articles and YouTube videos can be seen at www. sunilmangwani.com.
He can be contacted at sunil@fxinstructor.com & shellcon@eth.net
By Sunil Mangwani
Technical analysis to predict price action in the financial markets is just another factor used to put the odds in favor of the trader. But relying on any single indicator to provide signals for a trade is not advisable. Since indicators derived from price action are lagging indicators, they confirm a signal only after the move has been initiated.
If another factor confirms the same signal, the probability of a successful trade is increased. The second confirming factor could be another indicator, but ideally the price action should confirm the signals shown by the indicator. In this regard, candlesticks are found to be very effective.
We will look at a system combining the MACD indicator with a candlestick ‘Inside Bar.’ This system can be effectively used in larger timeframes from 4-hour bars to the monthly bars.
First, let’s develop an understanding of the basics of each of the elements.
Moving Average Convergence Divergence (MACD)
The MACD is one of the most popular technical indicators used in technical analysis, since it can be used either as a trend or momentum indicator.
This indicator is made up of the Moving Average Convergence Divergence line and the signal line. Since it also doubles as an oscillator, it comprises a range with the centerline, which denotes the zero line. It is also represented by a histogram, which is nothing more than a visual representation of the difference between the MACD line and the signal line.
The distinct advantage of this indicator is that simply observing whether the MACD signal line or its histogram is above or below the zero line can be used to identify a trend. While the MACD also interprets whether price is overbought or oversold, we will concentrate only on the trend part of the equation for now, which can be briefly described as
1. The MACD signal line crossovers – when the MACD falls below the signal line, it is a bearish signal that indicates it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal suggesting that price is likely to gain upward momentum. It is safer to wait for a confirmed cross above the signal line before entering into a trade.
2. Zero line – When the MACD is above the zero line, the short-term moving average is above the longterm moving average, signaling upward momentum. The opposite is true when the MACD is below the zero line. This zero line often acts as an area of support and resistance for the indicator.
Inside Bar
An Inside Bar forms when a market has a small range day as compared to the range of the previous day. This simply means that it is a bar with a lower high and a higher low than the previous bar.
As illustrated in this example, the high and low of the current bar are within the range of the previous bar. This is often interpreted as price taking a breath and being uncertain of the direction of the market. The subsequent breakout of this Inside Bar can cause volatile movement.
When the characteristics of these two entities are combined, it is possible to effectively form a system with the following conditions:
Trade Entry – When the MACD is above the zero line, the high of the Inside Bar should be the location of a buy stop. This simply means that a breakout is anticipated to the long side since the MACD is in the positive zone. Hence, we place our buy orders above the high of the Inside Bar.
Similarly, the low of the inside bar should be used to position a sell stop when the MACD is below the zero line.
Stops – If triggered, the stops should be placed below the low of the Inside Bar in case of a long trade and above the high of the inside bar for a short trade.
Since we can afford to keep tight stops, the risk-to-reward ratio for the trades is usually very high.
Exit – It is advisable to follow trades with a trailing stop to lock in profits since no specific exit strategy is defined. The general rule of thumb would be to exit / take profits when the MACD starts to show a reversal of momentum or when the signal lines / histogram cross in the opposite direction.
Situations where the Strategy would not be Effective
This strategy would be ineffective in a range bound market where price is consolidating. In this type of market, Inside Bars could be forming due to price moving within a small range while the MACD is also flat around the zero line. In such cases, it is better to stay out of the market until there is a noticeable movement in price.
Lets take a look at the application in the following examples.
In the set-up marked (1) located on the left side of the screen shot, we observe the MACD as soon as we have an Inside Bar. In this case, the MACD lines as well as the histogram are both below the zero line indicating strong downward momentum. The sell stop order is placed below the low of the Inside Bar with the stop-loss buy order placed above the high of the Inside Bar.
In the set-up marked (2) located on the lower right center of the screen shot, the MACD lines have crossed upwards and the histogram closed above the zero line. This indicates upward momentum. The buy stop order to initiate the position is placed above the high of the Inside Bar with the sell stop-loss order placed below the low of this Inside Bar.
It is important to note that we are not entering a trade simply on the formation of the Inside Bar. We are entering the trade on a Buy/Sell Stop order, effectively letting the market confirm our trade.
This can be seen in the setup marked (3), where a buy stop order is placed above the high of the Inside Bar. This was a pause/ pullback in the prevailing uptrend and in such cases it is difficult to make a call whether the trend will continue or turn into a possible reversal.
Since the MACD is still showing an uptrend with the signal lines and the histogram in the positive zone, we place our buy order above the high of the Inside Bar and let price confirm the move.
If momentum had not been strong enough, price may not have closed above the high of the Inside Bar. We have combined the characteristics of these two market indicators to achieve a higher probability for a trade.
As we can see in the chart, the set-ups provide a precise point for trade entry. If we had relied solely on the signal provided by the MACD, the exact entry could not have been pinpointed.
The identification of this system or the set-up is the Inside Bar.
In effect, the set-up is waiting for price to catch its breath, anticipating that the breakout of the market will be volatile while using the MACD to provide the clues for market direction.
While this may not work all the time, it should at least keep us out of losing trades.
Sunil Mangwani is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex markets for the last 5 years and devised simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis.
He has worked as content provider and article writer with different websites such as www. surefire-trading.com, www.trading-strategies. info and www.guppytraders.com.
He has also developed video modules on specialized topics and has contributed technical articles to the Traders magazine.
The realization that it is essential for every trader to have proper education and mentoring led to a desire to create such a community for other traders. Thus, the FX Instructor project was born with an aim to share his extensive knowledge of successful trading with others and to coach individuals who want to make a change in their trading methods.
He is the “Director of Education” at www. fxinstructor.com where he conducts the Live Trading Room & online webinars on Forex trading. All the details of his published articles and YouTube videos can be seen at www. sunilmangwani.com.
He can be contacted at sunil@fxinstructor.com & shellcon@eth.net
Labels: Stock Trading System
Live Trading Records for 05 May 08, Mon
StraitsAsia sold 3.25, -3.6%
Live Trading Records for 06 May 08, Tue
YZJ sold 1.14 after XD (bot 1.12), S shares seem tired
CG sold .32, -3.0%
Live Trading Records for 08 May 08, Thu
FibreChem sold .765, -6.7%
StraitsAsia sold 3.25, -3.6%
Live Trading Records for 06 May 08, Tue
YZJ sold 1.14 after XD (bot 1.12), S shares seem tired
CG sold .32, -3.0%
Live Trading Records for 08 May 08, Thu
FibreChem sold .765, -6.7%
Labels: Live Trading Records
02 May 2008
Live Trading Records for 28 Apr 08, Mon
YZJ added 1.12 using ProTrader
Live Trading Records for 02 May 08, Fri
YZJ sold 1.10 (bot at 1.09), I'm seeking a breaking even result for recent trades, which reflects disappointment to my recent performance
MCGR - Monthly Compounded Growth Rate of Total Trading Capital
End Apr 2008 verse end Mar 2008: -2.07%
YZJ added 1.12 using ProTrader
Live Trading Records for 02 May 08, Fri
YZJ sold 1.10 (bot at 1.09), I'm seeking a breaking even result for recent trades, which reflects disappointment to my recent performance
MCGR - Monthly Compounded Growth Rate of Total Trading Capital
End Apr 2008 verse end Mar 2008: -2.07%
Labels: Live Trading Records, MCGR
