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The Traders
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fatpanda
Supreme |
29-May-2020 15:19
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Sis Cherry, The huge selling volume yesterday make Panda felt quite uncomfortable. So, better observe futher. Wait for the " base" to form.  |
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CheeryVGoh
Supreme |
29-May-2020 15:15
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x 0
x 0 Alert Admin |
She is weak and sloping downwards. Think Q2 would be bad too. 
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fatpanda
Supreme |
29-May-2020 15:00
Yells: "Another wonderful day!" |
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x 1
x 0 Alert Admin |
Singtel daily chart First TP at 2.45, almost hit. If cannot hold, then the next TP is 2.28. DYODD. |
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fatpanda
Supreme |
29-May-2020 13:42
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
DJI Future hourly chart Hmmm.... Panda see Ang Moh Jones " No Up" .  Let' s wait and see.... DYODD.
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fatpanda
Supreme |
29-May-2020 10:52
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Sembcorp daily chart Panda' s good friend, Sem looked bad, fell below the bottom of the descending trianglethis morning. DYODD. |
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fatpanda
Supreme |
28-May-2020 23:27
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
DJI Future chart  UPDATE before Panda goto bad. Good chance to break the support level and go lower. DYODD and good night.
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fatpanda
Supreme |
28-May-2020 15:21
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
DJI Future chart Recycled the chart here after replied oone PM.  =============================================================================== 5MA was not pointing the same direction. This is the first sign that uptrend was slowed down. Next, DJI failed to make new high, and looked like forming " double top" (' M' formation). " Standard practice" is, short if the price bar  punches  (strength to break) through the support line in purple colour.  This is still considered pull back, and therefore, the trade if executed iis still considered countertrend trade unless all MAs are pointintg downward, which mean downtrend started DYODD.
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fatpanda
Supreme |
28-May-2020 15:06
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Bro, Sorry. Panda was exploring POEMS Mercury just now, and did not notice your message. Panda posted DBS vs STI chart 1 or 2 days ago. This chart probably posted on Bro Wave' s thread. There were signs of distribution on DBS. 
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NewBirdLeaning
Senior |
28-May-2020 11:28
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x 0
x 0 Alert Admin |
Bro if you got time, can you look at STI, DBS, UOB? Based on my little knowledge on chart, STI seems like sturggling to go up but support quite ok at 2500. DBS is doing higher low and near EMA 50 already look like got chance to break up together with UOB (quite strong support at 1940). UOB trade XD 15th Jun. I think these two banks will remain above 19 and then potentially go up to 20 before 15th Jun. For taxi, weak and weak. It is gonna break down on Monday (XD + remove from index- cant remember the exact term) |
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lighter87
Master |
28-May-2020 10:07
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x 0
x 0 Alert Admin |
Thank you panda bro for the insights
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fatpanda
Supreme |
28-May-2020 09:53
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Bro, This is CFD volume. But, it should also " reflected" the actual violume on DJI. Although the volume is not high, but it actually picked up slightly on the " up leg" , broke the " wedge" and moved upward. We all know the intention of that crazy duck, together with his gang in Wall Street and FED.  They wanted the stock markets to go up. So,  it is very likely the act of these people in manipulating the stock market. 
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lighter87
Master |
28-May-2020 09:43
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x 0
x 0 Alert Admin |
Panda bro, do you think this will be a whipsaw judging that the volume is not large, alot of retailers are inside and alot of billionaire funds are sidelined at the moment. In your twke, what is the possibility of bbs manipulating the charts to induce buying and then sell down later
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fatpanda
Supreme |
28-May-2020 09:37
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Panda just replied one PM on DJI direction, and posted here for more opnions. ======================================================================================== Good morning. Technically, DOW has broken out from the wedge (bounded range in purple colour). So, the trend is likely to continue in the previous direction. And the target is the previous top before this steep fall. So, Ang Mohs' intention is quite cleared. They wanted to push DOW up like what happened on NASDAQ. If you asks me what to do, then my usual practice is cut loss, and go long when it pull back. DYODD.
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fatpanda
Supreme |
27-May-2020 23:11
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Gen Ken, You have damn good and relax life. Panda have fun, gossip and have fun on SGX this afternoon together with Bro Wave and others. Panda' s trader life seem  not too bad  also... Hahaha.... 
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Kendolah99
Elite |
27-May-2020 23:07
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x 0
x 0 Alert Admin |
Eat, sleep, eat, sleep..... today slept a bit in the afternoon, now not sleepy... so watching the US market now.....![]()
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fatpanda
Supreme |
27-May-2020 23:03
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Gen Ken, No lah. Panda was watching Youtube video clips and News at 10 PM using my trading notebook. One bro PM me and asked how to see the current trend of DJI. He probably could not understand what Panda showed him those " junk" TA stuff earlier. So, Panda have to hold his hand and showed him step by step. 
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Kendolah99
Elite |
27-May-2020 22:59
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x 0
x 0 Alert Admin |
Bro Panda Wah! You are very disciplined. Still looking at charts at this hour.  |
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fatpanda
Supreme |
27-May-2020 22:53
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
Correction : Make a mistake on previous high. The correct one should be the one " cut" by the orange colour line. DYODD.
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fatpanda
Supreme |
27-May-2020 22:46
Yells: "Another wonderful day!" |
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x 0
x 0 Alert Admin |
This is what Panda just replied to PM asked about the movement of DJI Future now. posted here for sharing and more inputs. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Trend might be going into sideway based on the rules because the MAs started to point into difference direction. also, we have to see whether the price bars goes below the lprevious high or not. If it goes below, then the chance that the trend change in direction is high. This DOW theory. DYODD. ![]()   |
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fatpanda
Supreme |
27-May-2020 21:32
Yells: "Another wonderful day!" |
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x 1
x 0 Alert Admin |
Panda just replied one PM about DJI / future. So, also posted here for sharing and more inputs. ==================================================================================== Panda closed shop a bit early today, after having fun and gossip on SGX with Bro Wave and others there.  Basic but also the most important rule in trading is to trade with the trend. And. to know the trend, the common method is use moving averages (MA) to check the trend. Typicall MA to be used are 10, 20 and 60 SMA or EMA. The trend direction is likely to be firmed and continue in that direction  if all these MA lines are pointed to one direction.  Some may use 5, 10 and 20 SMA for short term trading.  And others may use larger period on MAs for longer term trading. If these MA are pointed in difference direction, then the price trend is likely to be sideway, and in this case, ignore MA but use horizontal support and resistance level to trade, either " Buy low and Sell high" , or wait for the trend to breakout from the bounded range. These trading rules are very simple to understand, but not many can do it because of trader emotion, like FOMO, impatience, lost focus, greed and fear and etc. I think I saw the gap up in DJI chart and not in DJI Future chart. Trend with gap up or gap down at the beginning or middle of the trend, usually signal the trend is strong, and likely to continue in the same direction.  If it happens near the end of the trend, then it signals the trend is likely to be ended soon.  Since Future market is operating 24/5, so, we are unlikely to see gap up or down. But, we can see long and steep up or down price bars ocassionally. See the example below. If you sees such price bars, try not to go against the trend direction. To me, it has the same meaning as gap up and gap down. DYODD.
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