Wazua
»
Investor
»
Stocks
»
directional forecast
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
karasinga wrote:snipermnoma wrote:
“You don’t need to know what’s going to happen next to make money. Anything can happen. Every moment is unique, meaning every edge and outcome is truly a unique experience. The trade either works or it doesn’t.” – Mark Douglas
well said snipermnoma. can see you are doing well with the reading.
qouting Mark Douglas beginning chapter 11. "If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to the next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths."
love this guy
@Karasinga the strongest word you have used above is ...'realign'...
@
Realignment is the greatest trick of trading. Once you have mastered it you can't go wrong in executing your strategies.
Realignment and patience go hand in hand! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
|
karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do.
volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes.
Pump n dump?
@karasinga post cables chart here let us know if the dump has taken place
@mkate nusu
bearish divergence with RSI
EXPECTATION
1. higher low(watch how price interact with the green lines)
2. a deep retracement
3. a strong rally might follow.(check my chart)
hope this helps
@karasinga thanks.
my observations from the chart as a student of your analysis: (feel free to correct me)
1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8%
2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present
3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level
4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement.
freshas of stock markets having difficulty interpreting the above:
1. eacables touched a low of 5.90 on 4th April and twice again on 3rd June and 14th June
2. Since then it has made a 53.4 % gain in 2 months to touch a high of 9.05 on 17th August on thinly traded net negative volumes
3. The wolves of the market(they have no names and are not known to us but don't be fooled they are real) were trying to dump at the 10 level. However this was met with informed investors thanks to @karasinga and other chartists goodwill who have since rejected to be swindled at 9 and above
Watch from distance and grab some popcorn while you're at it
cabl
might be leaving station
update
hope you wont mind my cluttered chart
the last time CABL traded within extremes of monthly fib pivot(june 2016) a rally ensued.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
|
|
|
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
|
karasinga wrote:karasinga wrote:Kenya Airways Ltd Ord 5.00 broke above the upside resistance level of 3.43, 2 day(s) ago. This is a bullish sign. This previous resistance level of 3.43 may now provide downside support. Volume on the day of the breakout was quite heavy--94% above average. This makes the breakout even more significant. If you decide to trade Kenya Airways Ltd Ord 5.00, you may want to place a stop loss just below the resistance level, in case the breakout is premature.
baby steps...
technically... my thoughts in the chart.
baby steps...
update.
current rally might be wave 4. just thinking....
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
|
|
|
Rank: Member Joined: 1/3/2014 Posts: 257
|
karasinga wrote:
A finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same kind of things over and over in their attempt to make money. In other words, individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability."cartoons" organizes this collective behavior into identifiable patterns that can give a clear indication of when there is a greater probability of one thing happening over another. In a sense, "cartoons" allows you to get into the mind of the market to anticipate what's likely to happen next, based on the kind of patterns the market generated at some previous moment.
I feel I am talking in empty room with 70 people watching from glass windows outside. could be a break will suffice.
cheers mate. baby steps...
I know that feeling...hio ya glass windows.
|
|
|
Rank: New-farer Joined: 10/16/2014 Posts: 33
|
karasinga wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do.
volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes.
Pump n dump?
@karasinga post cables chart here let us know if the dump has taken place
@mkate nusu
bearish divergence with RSI
EXPECTATION
1. higher low(watch how price interact with the green lines)
2. a deep retracement
3. a strong rally might follow.(check my chart)
hope this helps
C
@karasinga thanks.
my observations from the chart as a student of your analysis: (feel free to correct me)
1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8%
2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present
3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level
4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement.
freshas of stock markets having difficulty interpreting the above:
1. eacables touched a low of 5.90 on 4th April and twice again on 3rd June and 14th June
2. Since then it has made a 53.4 % gain in 2 months to touch a high of 9.05 on 17th August on thinly traded net negative volumes
3. The wolves of the market(they have no names and are not known to us but don't be fooled they are real) were trying to dump at the 10 level. However this was met with informed investors thanks to @karasinga and other chartists goodwill who have since rejected to be swindled at 9 and above
Watch from distance and grab some popcorn while you're at it
cabl
might be leaving station
update
hope you wont mind my cluttered chart
the last time CABL traded within extremes of monthly fib pivot(june 2016) a rally ensued.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis
Karasinga you nailed this one on CABL
|
|
|
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
|
dpmungai wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do.
volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes.
Pump n dump?
@karasinga post cables chart here let us know if the dump has taken place
@mkate nusu
bearish divergence with RSI
EXPECTATION
1. higher low(watch how price interact with the green lines)
2. a deep retracement
3. a strong rally might follow.(check my chart)
hope this helps
C
@karasinga thanks.
my observations from the chart as a student of your analysis: (feel free to correct me)
1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8%
2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present
3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level
4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement.
freshas of stock markets having difficulty interpreting the above:
1. eacables touched a low of 5.90 on 4th April and twice again on 3rd June and 14th June
2. Since then it has made a 53.4 % gain in 2 months to touch a high of 9.05 on 17th August on thinly traded net negative volumes
3. The wolves of the market(they have no names and are not known to us but don't be fooled they are real) were trying to dump at the 10 level. However this was met with informed investors thanks to @karasinga and other chartists goodwill who have since rejected to be swindled at 9 and above
Watch from distance and grab some popcorn while you're at it
cabl
might be leaving station
update
hope you wont mind my cluttered chart
the last time CABL traded within extremes of monthly fib pivot(june 2016) a rally ensued.
baby steps...
Karasinga you nailed this one on CABL
dpmungai, just learning (still in kindergarten) and happy to see that learning is taking place. currently on the sidelines waiting to see how price behaves in the buy area (PRZ). Mainly I look for price to reject that area. This area is an exhaustion point (oversold) so price does not like to hang around for long. If price lingers then that is a clue that perhaps we might need to take a better look.
baby steps... It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
|
|
|
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
|
snipermnoma wrote:karasinga wrote:
A finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same kind of things over and over in their attempt to make money. In other words, individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability."cartoons" organizes this collective behavior into identifiable patterns that can give a clear indication of when there is a greater probability of one thing happening over another. In a sense, "cartoons" allows you to get into the mind of the market to anticipate what's likely to happen next, based on the kind of patterns the market generated at some previous moment.
I feel I am talking in empty room with 70 people watching from glass windows outside. could be a break will suffice.
cheers mate. baby steps...
I know that feeling...hio ya glass windows.
not complaining but "that feeling" is not cool, partner... Having a frustrating start of trading business, My initial intent was this thread would be interactive and where learning market nitty gritties(technicals) from either newbies or chiefs would naturally happen. A thread that will welcome all traders of all levels to post their charts and learn from each other. In the contrary, there are many viewers than "posters"(hope this makes sense). It feel lonely here. I appreciate everyone who participate. With you we have hit +300posts and going. It takes hardwork to make understandable charts.
cheers mate. addicted to the market. It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
|
|
|
Rank: New-farer Joined: 10/16/2014 Posts: 33
|
karasinga wrote:snipermnoma wrote:karasinga wrote:
A finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same kind of things over and over in their attempt to make money. In other words, individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability."cartoons" organizes this collective behavior into identifiable patterns that can give a clear indication of when there is a greater probability of one thing happening over another. In a sense, "cartoons" allows you to get into the mind of the market to anticipate what's likely to happen next, based on the kind of patterns the market generated at some previous moment.
I feel I am talking in empty room with 70 people watching from glass windows outside. could be a break will suffice.
cheers mate. baby steps...
I know that feeling...hio ya glass windows.
not complaining but "that feeling" is not cool, partner... Having a frustrating start of trading business, My initial intent was this thread would be interactive and where learning market nitty gritties(technicals) from either newbies or chiefs would naturally happen. A thread that will welcome all traders of all levels to post their charts and learn from each other. In the contrary, there are many viewers than "posters"(hope this makes sense). It feel lonely here. I appreciate everyone who participate. With you we have hit +300posts and going. It takes hardwork to make understandable charts.
cheers mate. addicted to the market.
Keep it going mate.. I am a newbie and enjoying / learning from your analysis
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
|
karasinga wrote:snipermnoma wrote:karasinga wrote:
A finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same kind of things over and over in their attempt to make money. In other words, individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability."cartoons" organizes this collective behavior into identifiable patterns that can give a clear indication of when there is a greater probability of one thing happening over another. In a sense, "cartoons" allows you to get into the mind of the market to anticipate what's likely to happen next, based on the kind of patterns the market generated at some previous moment.
I feel I am talking in empty room with 70 people watching from glass windows outside. could be a break will suffice.
cheers mate. baby steps...
I know that feeling...hio ya glass windows.
not complaining but "that feeling" is not cool, partner... Having a frustrating start of trading business, My initial intent was this thread would be interactive and where learning market nitty gritties(technicals) from either newbies or chiefs would naturally happen. A thread that will welcome all traders of all levels to post their charts and learn from each other. In the contrary, there are many viewers than "posters"(hope this makes sense). It feel lonely here. I appreciate everyone who participate. With you we have hit +300posts and going. It takes hardwork to make understandable charts.
cheers mate. addicted to the market. I wish I could help but I am a 100% non-techie!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
|
Thanks @Karasinga for the charts. I try hard to read and understand them. Is it possible to post your thoughts(in cartoon format) on Deacons? Will really appreciate.A chart on Kenya power will also be appreciated Dumb money becomes dumb only when it listens to smart money
|
|
|
Wazua
»
Investor
»
Stocks
»
directional forecast
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|