Talk Is Free

Monday, January 5, 2009

Trading Ideas. Kencana














Anticipation of breakout above 1.50
Resistance @ 1.61 thereabouts

3 comments:

Seng said...
This comment has been removed by a blog administrator.
GlySinn said...

Hi Seng,

All criticisms are welcome too :)

Did not backtest the idea. Agree that backtesting is good bcos it gives u the probability of the pattern/idea working out for the stock. .. hehehe i was lazy :D

Some patterns are less common in certain markets. For me i keep it simple, if the anticipation did not work out, then the exit plan (or stop) will kick in within a given time frame.

Thanks for the invite. Most honoured. :)

GlySinn said...

Seng,

Hope u dont mind me deleting yr comment. A certain website was mentioned in it. Didnt want exposure of it. Thanks.
Btw... 2 thummbs up to yr new f2.
:)