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Point and Figure Chart on STI (14 Jun 2013)

-------------------------------------Chart added on 13 Nov 2013 ------------------------------------

“It always was my sitting, that made the money.” - Jesse Livermore

If you are trading for a while and read some trading books. You probably read this statement before:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.” - Jesse Livermore

Now.
Reading it is one thing, understanding it is one thing, doing it is yet another thing!

Let me explain…
Years ago, I read this and also read about trend trading, I thought – he meant “sit and let the profit run.... don’t take profit too soon”.

Years later I then understood... What he meant by sitting is to wait (in cash) for good opportunity and set up, not because I AM a trader than I must trade frequently.

For example:
Attached Chart is on Coal Miner (KOL).

Put it in the watch list... then sit and wait,... wait until the accumulation phase is over, then join the mark up phase.

The longer it get to wait, the higher it would go (Wyckoff Method– Law of cause and effect).
And, of course, meanwhile, participate in something else if there is other good set up.

Bless You
KH Tang

Chart Speak (8 Jun 2012) - STI and its 30 Components State of Trend

The Chart below shows a Multiple-Time-Frame Configuration. The first pane shows a weekly State of Trend, while the second pane shows the daily time frame (sync on last day). In the daily time frame, it might shows that there are some strength build up, and the weekly time frame shows a bigger picture.

The 3rd and 4th panes indicators were explained in the previous post...
And, the last pane indicator shows the composite signals of all the components strength. Probability speaking - 0% Bull, 38% Bear and the rest on side way.

The video clip shows the State of Trend for the 30 components.

Chart Speak - STI and its 30 component - 1 Jun 2012

(Click on Chart to Zoom)

The above chart shows the current state of STI.
1) The upper pane shows the MultipleTimeFrame Cycle Analysis.

2) The Price Chart is built-in with Fussy Filter to determine the State Of Trend with auto trendline (support/resistance). Namely UpTrend(Green Color), Sideway(Blue Color) & DownTrend(Red Color)

3) The 3rd pane shows the Vibrational Energy of the price chart. If it is a worthwhile UpTrend, it would be in Green color; If it is in Sideway, it would be in Yellow Color; If it is in worthwhile down trend, it would be in Red Color).

4) The 4th pane show the Momentum, Mid Term and Long Term Trend Strength with respect to the current chart on display.

Attached video show STI's 30 component State Of Trend.

"When the ship start to sink, don't pray. Jump!"

- Zurich Axioms

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