Nicolas Darvas Box Theory Trading Method

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Friday, August 23, 2013

Market View 23 August 2013

Interestingly, a few readers questioned my unusual
"Library Book" theory which track the market activities
and condition by the number of finance, investing
and trading books in the libraries. I have to state that
this is not a one-year or so theory but it is an observation
that I have done for quite many years. This is of course
just my own derived theory and it may not work for
all, as not everyone will start to observe the number of
books in the library. Anyway, you can choose to ignore
or treat this "Library Book" theory as rubbish and just move
on. On my side, I know exactly what is happening and
what just happened and what will be happening, so the
earth continue to rotate and the best is yet to come.

Ok, back to stock...
I am starting to look at Ausgroup after it delivered a good
surge in volume and range yesterday. You can start
to monitor the stock too.
Another stock I am closely watching now iw Dukang.
It is set to announce its FY result very soon and I believe
that a pre-result run is highly possible.

If you are interested in our local brokerage's stock
call, then go to:

Singapore Stock Reports For You    

  
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.


If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!  
 
市场生存座右铭: 风林火山   

 
人笑我太疯颠,我笑别人看不穿    

 
 




1 comment:

stockwannabe said...

Hello,SL. First of all, i have to apologise as this comment is overdue. I wanna say thank you for sharing your thoughts here in the blog unselfishly.

I went into a few trades from what you posted 2 weeks ago. FIrst, I bought into Yanlord@1.24 and exited at 1.29. Secondly,it's Kris Energy. I went into it when it break out of inside day trade@1.21. i exited early at 1.27. It went on to hit 1.33 after that. However, I am happy with the profit made, as I am rather new in trading using TA. Thirdly, it's Geo Energy. Though the first week saw a whipsaw along 385, which it's the breakout price you mentioned, last week's price action has given me a good reward to sell it at 405 amidst the bloodshed in STI. All these sharing have helped me to gain confidence in using TA.

:)

Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

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