Trading Techniques   

Trading For A Living

Panda just finished some YouTube gossip videos... Hehehe..... Came back to check on Ang Moh Jones..... Wow! Fell down liao as indicated " in advance" by indicators.  Hahaha.....

There are many " gurus" and traders said TA indicators are mostly useless, lagging and blur.. blur... blur....  It depend on how much you understand about these indicators and how you applies them correctly. Useless? ..... Hahaha..... Back to YouTube gossip videos.... 

fatpanda      ( Date: 26-May-2021 21:05) Posted: OK... Enough for Ang Moh Jones.... Youtube gossip time! Hehehe....

 

OK... Enough for Ang Moh Jones.... Youtube gossip time! Hehehe.... 

 

Ang Moh Jones swung up and down in tight range after Panda went to take a nap in the afternoon till now. But, if we see the ROC and W%R in detail, we could notice that downward pressure increased. So, Ang Moh Jone might be trending lower later. So, Long with not a preferred direction at the moment.

fatpanda      ( Date: 26-May-2021 15:06) Posted: 3 PM liao..... Panda felt very sleepy. time to take a nap after tea break. For Ang Moh Jones, Gorillas might swing him up and down for a while before showing us the direction. So, don' t rush to open trade if you do not see a clear direction.  Lazy bugs start to bite Panda.... Nap time.... Hehehe.....

 

Closed book for the Vesak Day with Dow futures.
+US$145

 

Today Dow p/l..

 

3 PM liao..... Panda felt very sleepy. time to take a nap after tea break. For Ang Moh Jones, Gorillas might swing him up and down for a while before showing us the direction. So, don' t rush to open trade if you do not see a clear direction. 

Lazy bugs start to bite Panda.... Nap time.... Hehehe.....

 

 

Becoz of that surge in the last 30 mins, my paper loss is now erased and I have a paper profit of $27. Viola !!!!!

wavehunter      ( Date: 26-May-2021 14:17) Posted: My paper loss now is $491. These same positions, yesterday was showing a profit of $500+. I believe tonite I will see a paper profit again. To LOON on for my BUY & HOLD or to take my profits is the question. Sigh.

 

Ang Mo Jones shot up after the small dip. This squeeze to trigger stop loss is very likely done by the Ang Moh Gorillas in Europe. So, wait for the pull back, if any to see where is the support. The last high marked by horizontal line, or the MAs support area.

 

 

Uptrend on DJI Future 5 mins chart may be changing. So, do not open trade on both direction. Wait for MA trendlines and W%R to show you the direction. 

 

My paper loss now is $491.
These same positions, yesterday was showing a profit of $500+.
I believe tonite I will see a paper profit again.
To LOON on for my BUY & HOLD or to take my profits is the question. Sigh. 

 

Bro TikTalk,

One thing I have learnt about watching Back To The Future is - there is really really no need to cut.
Paper loss is just a number on paper. That' s all.
And if I had practised cut loss, I would have been busy cutting.
And all the loss I take would have been needless.
Those positions I closed and collect $2.8k... they were all underwater at some point in time and if I had cut, I would have sustained
a few Ks of loss and wont have this 2.8k profit. So really, there is no need to cut for a LONG position. For now.
Dont believe. You try lah. Hahaha. 

TikTalk      ( Date: 26-May-2021 13:52) Posted: Wow, ok you king of loon, my threshold not even 5% of 5k. wavehunter      ( Date: 26-May-2021 13:44) Posted: Dow is on an uptrend. For LONG trades, actually can just LOON UNTIL WIN one. Can say sure win one if can LOON. Becoz Dow is rising. My analysis tells me so long as we can take care of the downside and dont have to cut, our positions however red, will turn green. I had a 5k paper loss. Within days..... not weeks or months but days... they turned green. But after that turned red again. Then green. Swung to and fro 3 times becoz Dow is so horny with her mood swings. Tonite, I think Dow will go higher and I will see my positions turn green again. Maybe this time round I will take profits. Before the market takes them all back. Hope this time round if I take profits, the market dont come and do the NABEH thing by cheonging all the way to my target level and never look back which means I wont get a chance to reload lower if I want I will have to chase and reload higher. You know what I mean lah. Market is always like this sibeh jee siaw one. When we dont take profits, she takes them back and show us lower than our entry level. Then when we take profits, she say GOTCHA and then cheong without us on board. NABEH ter koo niang

 

Ang Moh Jones started to fall after Panda closed the DEMO trades. Panda closed the trade when ROC and RSI started to U-turn at GREEN areas. But, to SHORT or close the trade, the safer place is wait for %R to go below -70 because the trend is likely to go down. See the chart below. Oh.... Since it is still on uptrend, shorting is NO NO. 

 

Don' t want to play with Ang Moh Jones liao. Panda felt more sleepy to wait for him to move faster in day time. Closed these DEMO trades with " peanut" paper profit. 



 

fatpanda      ( Date: 26-May-2021 13:44) Posted: Both DEMO trades were " in the money" now, " peanut profit" .....

 

Wow, ok you king of loon, my threshold not even 5% of 5k.

wavehunter      ( Date: 26-May-2021 13:44) Posted: Dow is on an uptrend. For LONG trades, actually can just LOON UNTIL WIN one. Can say sure win one if can LOON. Becoz Dow is rising. My analysis tells me so long as we can take care of the downside and dont have to cut, our positions however red, will turn green. I had a 5k paper loss. Within days..... not weeks or months but days... they turned green. But after that turned red again. Then green. Swung to and fro 3 times becoz Dow is so horny with her mood swings. Tonite, I think Dow will go higher and I will see my positions turn green again. Maybe this time round I will take profits. Before the market takes them all back. Hope this time round if I take profits, the market dont come and do the NABEH thing by cheonging all the way to my target level and never look back which means I wont get a chance to reload lower if I want I will have to chase and reload higher. You know what I mean lah. Market is always like this sibeh jee siaw one. When we dont take profits, she takes them back and show us lower than our entry level. Then when we take profits, she say GOTCHA and then cheong without us on board. NABEH ter koo niang. TikTalk      ( Date: 26-May-2021 13:26) Posted: Bro wave, Think got up to 5 trades loons the rest mostly ok no need loon much

 

Both DEMO trades were " in the money" now, " peanut profit" .....



 

 

Dow is on an uptrend.
For LONG trades, actually can just LOON UNTIL WIN one.
Can say sure win one if can LOON.
Becoz Dow is rising.
My analysis tells me so long as we can take care of the downside and dont have to cut, our positions however red, will turn green.
I had a 5k paper loss. Within days..... not weeks or months but days... they turned green.
But after that turned red again. Then green. Swung to and fro 3 times becoz Dow is so horny with her mood swings.
Tonite, I think Dow will go higher and I will see my positions turn green again. Maybe this time round I will take profits.
Before the market takes them all back. Hope this time round if I take profits, the market dont come and do the NABEH thing
by cheonging all the way to my target level and never look back which means I wont get a chance to reload lower if I want I
will have to chase and reload higher. You know what I mean lah. Market is always like this sibeh jee siaw one. When we dont
take profits, she takes them back and show us lower than our entry level. Then when we take profits, she say GOTCHA and
then cheong without us on board. NABEH ter koo niang.

TikTalk      ( Date: 26-May-2021 13:26) Posted: Bro wave, Think got up to 5 trades loons the rest mostly ok no need loon much. wavehunter      ( Date: 26-May-2021 13:19) Posted: Bro TikTalk, I have been wanting to ask you. So far no need to bring out the axe at all izzit? Your Back To The Future adventures.... all ONE SHOT ONE KILL har? Or izzit if lose, you LOON until WIN.

 

This DEMO trade.... Panda did not follow the entry point Pt 1 because of impatience to wait for it to happened. Otherwise, these trades would be " in the money" . 

fatpanda      ( Date: 26-May-2021 13:13) Posted: Bro, Panda' s hands itchy and opened a demo trade on DJI Future in the morning. Still in red. Really have no patience to earn the " peanut" profit. Hehehe.... TikTalk      ( Date: 26-May-2021 11:30) Posted: Bro Panda, Ya we are humans not immortals, me too dun like to trade US time, one swing can fly to dunno where. Same like go casino VIP room kinda bet

 

Panda forgot one thing.

Set two lines on William%R, -30 and -70.

1) If %R crosses below -30, then it is likely to start trend down, and 
2) If %R crosses above -70, then, it is likely to start trend up.

 

Bro,

Panda budget trade shop closes at 5 PM weekdays. 9.30PM is the relax time to watch Youtube " gossip" . Hehehe.....

For those who want to practice trading on DJI Future (US30), you may follow Panda' s IG setup and study yourself. Follow these steps:

1) Identify trend - using MA trendlines and William%R. Uptrend - Long only, not shorting. Downtrend - Short only, no Long trade. 

2) Identify entry point Pt 1 - Using momentum oscillators ROC. ROC better in RED area for open LONG trade, and in GREEN area for open short trade. 

3) Identify entry point Pt 2 -  Using momentum indicator RSI. It is tricky because entry point for LONG trade can be above 60 or below 40 and vice vesa for SHORT trade. Do nothing if it is in 40-60 range and wait.

Try it out and hehehe.... Give Panda a big KISS if you can take cash from Ang Moh Jones consistently.      Good luck!


2) Identify entry
                                                         

wavehunter      ( Date: 26-May-2021 13:16) Posted: Bro Panda, Now we are daylight but over at Wall Street it is 1am....traders there are KHOONING lah. You need to wait for around 9pm onwards. Dow opens at 9.30pm local time. That' s when you will see the chickens running. .

 

Bro wave,

Think got up to 5 trades loons the rest mostly ok no need loon much.

wavehunter      ( Date: 26-May-2021 13:19) Posted: Bro TikTalk, I have been wanting to ask you. So far no need to bring out the axe at all izzit? Your Back To The Future adventures.... all ONE SHOT ONE KILL har? Or izzit if lose, you LOON until WIN.