Chariot Share Discussion Threads

[navyan] 26/2/2010 23:44

free stock charts from www.advfn.com

It will probably go up to roughly around 10669 and make a double top and also touch the resistance trendline before the bigger drop takes place.

free stock charts from www.advfn.com

[andonis] 26/2/2010 22:24

I must give you soon the March earthquake dates....

[andonis] 26/2/2010 22:19

I have said this on the 5th February and it has come one day early....


andonis - 5 Feb'10 - 09:46 - 2428 of 2572 edit

Earthquakes in February 2010


I predict the following earthquakes
dates with force greater than 6.3 R

14/15 February

28 February


Summary:
Magnitude Mw 7.2
Region RYUKYU ISLANDS, JAPAN

Date time 2010-02-26 at 20:31:24.8 UTC
Location 25.93 N ; 128.48 E
Depth 2 km
Distances 83 km SE Okinawa (pop 125,483 ; local time 05:31 2010-02-27)
75 km SE Haebaru (pop 34,239 ; local time 05:31 2010-02-27)





Summary:
Magnitude mb 6.9
Region OFFSHORE BIO-BIO, CHILE

Date time 2010-02-27 at 06:34:10.5 UTC
Location 35.98 S ; 73.10 W
Depth 10 km
Distances 85 km N Talcahuano (pop 252,968 ; local time 03:34 2010-02-27)
70 km W Cauquenes (pop 31,362 ; local time 03:34 2010-02-27)

[andonis] 26/2/2010 21:09

Had an even day today not great. Early gains lost in the evening as I closed some lossy shorts. Later on I gained some shorts but overall even day. I left shorts open for the weekend.

[andonis] 26/2/2010 21:05

yea if someone starts trading now I would use this account for 6 months before trading with their money.

[navyan] 26/2/2010 20:51

kash, I would suggest you to open a SB demo account and trade in demo account until you can produce consistent winning trades before you trade the real money.

www.dealingdesk.com has good free demo account. But its your own money end of the day, best of luck.

[kash18] 26/2/2010 20:47

Nav

I always use very tight stop losses and normally get out if it moves against me.not always the best move but losses are always minimum.

[navyan] 26/2/2010 20:41

there is a gap between 10210 and 10255

[navyan] 26/2/2010 20:26

imo trading index is probably the quickest way to lose ones money, especially at the learning stage. and to hold positions and allow market to wiggle, you will need deep pocket as well.

I see Ando's pocket is very deep..

[andonis] 26/2/2010 20:17

ok Kaz all the best 2u

[kash18] 26/2/2010 20:15

And/ Nav

thanks for the great feedback and comments, i realise the markets are very difficult especially now. I only trade very small amounts and take very small profits as i'm not good with the charts . i know the support/resi levels but can't do trendlines at the moment. however i do a lot of research on keep up to date with the news and keep a watch out all day for $ moves and prices of copper etc as i like to trade the miners, XTA, KAZ and Barclays.

I would prefer to trade indicies, DJI/ FTSE. at the moment i don't short anything, just wait for stocks to fall and then buy in, by the way NXT went up a lot today.

thanks very much, have a great weekend, look forward to your charts and views.

[navyan] 26/2/2010 20:05

its very slow moving today, isnit.. yawn..

[navyan] 26/2/2010 19:55

yeah, with some curry sauce on it as well Ando. u like?

[andonis] 26/2/2010 19:52

nav is this a Chinese egg?

[navyan] 26/2/2010 19:35

Ando thats a Bullish Broadening Wedge,

Breakout Can occur in any direction but 55% of the time it breaks out opposite the prevailing trend.

according to 'Bulkowski' chart pattern research.

Once a breakout takes place, it should offer a target of the top of the wedge, which is the previous high, 10429.

[navyan] 26/2/2010 13:00

arhh... I have been waiting for you to draw that red line, my comfirmation indicator. Cheers.

Kash, good advice from Ando there. Technical Analysis and trading are two different thing, some people are born with the gift to be good trader, but most of people have to learn it the hard way. You wouldn't have the confidence to perform a brain surgery next Monday having just read two brain surgery books during the weekend, would u, cos u know it is impossible to do. Trading is the only career that amateur have 50% chance of getting it right, thats when things go wrong when amateur is winning and making loads of $$ and thinking yeah I can do this.

the more I trade and learn, the more I realise how hard this game is, I am much more cautious than I was before, cos I know how dangerous it is now. I think the hard part is finding the trading style that suits your personality the best. it would take most people years of practice and many expensive "lessons",usually people like making same mistake again and again.

anyway, I dont trade full time either, but found myself interested in charting, its a game to me really.

Hope you play this game well and get what you wanted from the market.

[wookie77] 26/2/2010 12:35

Thanks jamesie just what i was after.