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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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Spikes wrote:karasinga wrote:nashx wrote:karasinga wrote:@ nashx KEGN Kegn started its wave up from a low of 5.4 on 26th dec 2015. It had just completed its fifth impulse wave down from a high of 11 dated 13th oct 2016. The five impulse wave up to a high of 6.9 dated 8th feb 2016. This formed wave 1. It retraced 61.8% to a low of 6 forming a regular flat pattern this is generally a level acceptable for wave 2. This low formed a good entry point to ride a five impulse wave that was a must come forming wave 3. A high of 8.25 formed wave three. A retracement followed to a low of 7.4 which was exactly 38.2% a level accepted as wave 4.  Where are we. Kegn is making wave 5 and most likely an extended wave 5.  Volume at price Kegn last candle has found a good support as shown below  Expectation if the wave count is right, kegn might have the last leg of five wave up before a substantial retracement follows. The series of wave 5 might terminate at either Target 1=10 Target 2=11(major gann level around this number @ 11 and a strong trendline) Target 3= 13.8-14.45((major gann level around this number @ 13.6 and 14.6 and a strong trendline) STATEMENT 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 Very good analysis karasinga...hope I had your awesome skills...So in conclusion there's still an upside to the share price based on current prices? most likely. @Karasinga I have captured a powerful phrase on your analysis. 'Where we are now...' @spikes. my principle, unity is power and share information with no strings attached. if you are a sole ranger in this highly manipulated market,trust me you will be just food to the market. i believe there are many like me,here at wazua, struggling to get a piece of this cake. as they say united we stand divided we fall. I urge wazuan to share their analysis or any information they might have and help us see this market from all sorts of corners. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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@snipermnoma BBK With the available data, bbk started its downtrend on 22nd august 2014 at a high of 18.45. the low of 16.05 on 11th dec 2014 made either wave A OR 1. A 61.8% retracement to a high of 17.85 on 2nd feb 2015 making either wave A OR 2. With that structure, the expectation was Impulse Wave C down or wave 3 was to come. As shown below, bbk completed either wave( 3 or 1 of c) on 16th oct 2015 @ alow of 11.5. A 50% correction to a high of 14.5 as on 8th jan 2016 followed.  Where are we.If the wave count is right, Bbk is making either 1. Wave 3 of c or 2. The last wave, wave 5(high probability) So far an extended wave 3(in red) about end @around 9.5 and a small correction will follow to a high of at or around 11.(an aggressive swing trader might take advantage) ExpectationIf the high of 14.5 made on 8th jan 2016 completed wave 4, then a wave of this nature (in green) will eventual be realized.  TargetsTentative bbk bottom(subject to change) will be @ either Target 1 = 9Target 2= 8.4Target 3= 7.5(high probability coz both major gann level @ 7.4 and symmetry @ 7.5 are forming a cluster) Target 4= 6.7 It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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Bbk at 6 Bob that's scary for some us with a weighted average purchase price of 10.9. Thought it cheap at 10...Any way one can always average down Offering my personal finance knowledge for free
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Rank: Member Joined: 1/3/2014 Posts: 257
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karasinga wrote:snipermnoma wrote:karasinga wrote:watchlist (not in any order)
1. nse
2. hafr
3. knre
4. fahari
5. sasn
6. bamb
7. coop
8. kegn
9. eqt
10.keno
11. lkl
12. uchm
waiting for correction
1. arm
waiting for final leg
1. msc
2. port
3. bbk
4. fire
How low is the final leg of bbk anticipated to go? From the chart looks like support is 10.50 from Nov 2011 and that looks like it will be taken out. @snipermnoma i am limited by lack of historical data. currently almost all my analysis are based on 1 year historical data. if you or anyone is willing to share data in excel format I will greatly appreciate. In doing so, i believe, will help followers of this thread see market better. my email address kkarasinga@gmail.com I do not have the raw data so what I typically do is use mystockskenya and investing.com. For example here is the barclays chart: http://www.investing.com/equities/barclays-kenya
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:Spikes wrote:karasinga wrote:nashx wrote:karasinga wrote:@ nashx KEGN Kegn started its wave up from a low of 5.4 on 26th dec 2015. It had just completed its fifth impulse wave down from a high of 11 dated 13th oct 2016. The five impulse wave up to a high of 6.9 dated 8th feb 2016. This formed wave 1. It retraced 61.8% to a low of 6 forming a regular flat pattern this is generally a level acceptable for wave 2. This low formed a good entry point to ride a five impulse wave that was a must come forming wave 3. A high of 8.25 formed wave three. A retracement followed to a low of 7.4 which was exactly 38.2% a level accepted as wave 4. Where are we. Kegn is making wave 5 and most likely an extended wave 5. Volume at price Kegn last candle has found a good support as shown below Expectation if the wave count is right, kegn might have the last leg of five wave up before a substantial retracement follows. The series of wave 5 might terminate at either Target 1=10 Target 2=11(major gann level around this number @ 11 and a strong trendline) Target 3= 13.8-14.45((major gann level around this number @ 13.6 and 14.6 and a strong trendline) STATEMENT 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 Very good analysis karasinga...hope I had your awesome skills...So in conclusion there's still an upside to the share price based on current prices? most likely. @Karasinga I have captured a powerful phrase on your analysis. 'Where we are now...' @spikes. my principle, unity is power and share information with no strings attached. if you are a sole ranger in this highly manipulated market,trust me you will be just food to the market. i believe there are many like me,here at wazua, struggling to get a piece of this cake. as they say united we stand divided we fall. I urge wazuan to share their analysis or any information they might have and help us see this market from all sorts of corners. first my apologies to wazuans who have been following kegn directional forecast. We are all learning. my earlier prediction never involved alternative wave count which made me overlook that possibility. (this tells me NEVER to analyse without involving alternative wave count). i welcome anyone's opinion concerning prior forecasts. following last week's events, I want to update kegn elliott wave analysis.  WHY IS THIS SO. Kegn had a combination of corrective waves W( zigzag) -X-Y( regular flat) as shown above. The high of 9 printed on 22nd april 2016 completed either wave(A of 4 or 4). A downtrend started to the latest low of 7 as on 10th may 2016. Where are weKegn is either making wave B OF 4 or 1 of 5. Wave B in combination (like we have in our case) usually retraces 38-50% of wave A. are we there, yes. Do I buy and ride wave C OF 4(five waves) coming, WAIT FOR CONFIRMATION that wave B of 4 is over. Let’s wait to see what market gives us STATEMENT 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 winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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karasinga where art though? KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks .
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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enyands wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks . enyands, I am and believe everyone is still learning. what do you mean by " When you do load us with the cartoons for picks" It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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karasinga wrote:enyands wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks . enyands, I am and believe everyone is still learning. what do you mean by " When you do load us with the cartoons for picks" By cartoons I mean those graphs that you are always able to draw. It's just a soft language we use here .@hisa calls his "watch the cartoons they predict rhe mpesa bank will flop" when he is drawing the charts for let's say safaricom.so using your graphs we can make picks on stocks to buy So it's just a soft language nothing synical or humiliating .Another word for graphs ...let me know if you need clarity
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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"e=enyands] karasinga wrote:enyands wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks . enyands, I am and believe everyone is still learning. what do you mean by " When you do load us with the cartoons for picks" By cartoons I mean those graphs that you are always able to draw. It's just a soft language we use here .@hisa calls his "watch the cartoons they predict rhe mpesa bank will flop" when he is drawing the charts for let's say safaricom.so using your graphs we can make picks on stocks to buy So it's just a soft language nothing synical or humiliating .Another word for graphs ...let me know if you need clarity [/quote] fair enough. No need for more clarity. by the way, are you a fan of cartoons and do they appear anywhere in you decision making tree? " they say a picture speaks a thousand words..., baby steps hehe. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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karasinga wrote:"e=enyands] karasinga wrote:enyands wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks . Quote:enyands, I am and believe everyone is still learning. what do you mean by " When you do load us with the cartoons for picks" By cartoons I mean those graphs that you are always able to draw. It's just a soft language we use here .@hisa calls his "watch the cartoons they predict rhe mpesa bank will flop" when he is drawing the charts for let's say safaricom.so using your graphs we can make picks on stocks to buy So it's just a soft language nothing synical or humiliating .Another word for graphs ...let me know if you need clarity fair enough. No need for more clarity. by the way, are you a fan of cartoons and do they appear anywhere in you decision making tree? " they say a picture speaks a thousand words..., baby steps hehe. I love cartoons. Having being referred to as a speculative buyer before by a chief wazuan,cartoons help me make my speculative judgment according to how the graph seem to be heading. So yes I'm a fan of cartoons.
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Rank: Member Joined: 9/9/2015 Posts: 233
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Me too. More charts please. More charts. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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The Great wrote:Me too. More charts please. More charts. hi The Great. Welcome to the thread. I request your participation and posting of your charts here to help us learn from each other. have profitable trades It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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enyands wrote:karasinga wrote:"e=enyands] karasinga wrote:enyands wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga where art though? @ mkate nusu. here I am. Have been doing some homework here and there to equip me with, hopefully, an edge to face Mr. market objectively. I am looking forward to be back and make some posts. may we all have profitable trades. When you do load us with the cartoons for picks . Quote:enyands, I am and believe everyone is still learning. what do you mean by " When you do load us with the cartoons for picks" By cartoons I mean those graphs that you are always able to draw. It's just a soft language we use here .@hisa calls his "watch the cartoons they predict rhe mpesa bank will flop" when he is drawing the charts for let's say safaricom.so using your graphs we can make picks on stocks to buy So it's just a soft language nothing synical or humiliating .Another word for graphs ...let me know if you need clarity fair enough. No need for more clarity. by the way, are you a fan of cartoons and do they appear anywhere in you decision making tree? " they say a picture speaks a thousand words..., baby steps hehe. I love cartoons. Having being referred to as a speculative buyer before by a chief wazuan,cartoons help me make my speculative judgment according to how the graph seem to be heading. So yes I'm a fan of cartoons. this is cool to see I am not alone here. kindly,enyands, feel free to post all your cartoons here. I believe in sharing we can be better traders. have profitable trades It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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This is how I feel when I don't trade with patience or discipline.
I am writing in response to your request for additional information in Block 3 of the accident report form. I put "Poor planning" as the cause of my accident. You asked for a fuller explanation and I trust the following details will be sufficient. I am a bricklayer by trade. On the day of the accident, I was working alone on the roof of a new six-storey building. When I completed my work, I found I had some bricks left over, which, when weighed later were found to be slightly in excess of 500lbs. Rather than carry the bricks down by hand, I decided to lower them in a barrel by using a pulley, which was attached to the side of the building on the sixth floor. Securing the rope at ground level, I went up to the roof, swung the barrel out and loaded the bricks into it. Then I went down and untied the rope, holding it tightly to ensure a slow descent of the bricks. You will note in Block 11 of the accident report form that I weigh 135lbs. Due to my surprise at being jerked off the ground so suddenly, I lost my presence of mind and forgot to let go of the rope. Needless to say, I proceeded at a rapid rate up the side of the building.
In the vicinity of the third floor, I met the barrel which was now proceeding downward at an equally impressive speed. This explains the fractured skull, minor abrasions and the broken collarbone, as listed in Section 3 of the accident report form. Slowed only slightly, I continued my rapid ascent, not stopping until the fingers of my right hand were two knuckles deep into the pulley. Fortunately by this time I had regained my presence of mind and was able to hold tightly to the rope, in spite of the excruciating pain I was now beginning to experience. At approximately the same time, however, the barrel of bricks hit the ground and the bottom fell out of the barrel. Now devoid of the weight of the bricks, that barrel weighed approximately 50 lbs. I refer you again to my weight.
As you might imagine, I began a Rapid descent, down the side of the building. In the vicinity of the third floor, I met the barrel coming up. This accounts for the two fractured ankles, broken tooth and severe lacerations of my legs and lower body. Here my luck began to change slightly. The encounter with the barrel seemed to slow me enough to lessen my injuries when I fell into the pile of bricks and fortunately only three vertebrae were cracked.
I am sorry to report, however, as I lay there on the pile of bricks, in pain, unable to move, I again lost my composure and presence of mind and let go of the rope and I lay there watching the empty barrel begin its journey back down onto me. This explains the two broken legs.
I hope this answers your inquiry.
It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 9/9/2015 Posts: 233
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karasinga wrote:The Great wrote:Me too. More charts please. More charts. hi The Great. Welcome to the thread. I request your participation and posting of your charts here to help us learn from each other. have profitable trades Thanks @Karasinga. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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The Great wrote:karasinga wrote:The Great wrote:Me too. More charts please. More charts. hi The Great. Welcome to the thread. I request your participation and posting of your charts here to help us learn from each other. have profitable trades Thanks @Karasinga. you are welcome.stick around and help us catch the market... also try and forecast the set up before it happens and post it, this way you get sharper and we can help you out. we trade the right side of the screen It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 9/9/2015 Posts: 233
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karasinga wrote:This is how I feel when I don't trade with patience or discipline.
I am writing in response to your request for additional information in Block 3 of the accident report form. I put "Poor planning" as the cause of my accident. You asked for a fuller explanation and I trust the following details will be sufficient. I am a bricklayer by trade. On the day of the accident, I was working alone on the roof of a new six-storey building. When I completed my work, I found I had some bricks left over, which, when weighed later were found to be slightly in excess of 500lbs. Rather than carry the bricks down by hand, I decided to lower them in a barrel by using a pulley, which was attached to the side of the building on the sixth floor. Securing the rope at ground level, I went up to the roof, swung the barrel out and loaded the bricks into it. Then I went down and untied the rope, holding it tightly to ensure a slow descent of the bricks. You will note in Block 11 of the accident report form that I weigh 135lbs. Due to my surprise at being jerked off the ground so suddenly, I lost my presence of mind and forgot to let go of the rope. Needless to say, I proceeded at a rapid rate up the side of the building.
In the vicinity of the third floor, I met the barrel which was now proceeding downward at an equally impressive speed. This explains the fractured skull, minor abrasions and the broken collarbone, as listed in Section 3 of the accident report form. Slowed only slightly, I continued my rapid ascent, not stopping until the fingers of my right hand were two knuckles deep into the pulley. Fortunately by this time I had regained my presence of mind and was able to hold tightly to the rope, in spite of the excruciating pain I was now beginning to experience. At approximately the same time, however, the barrel of bricks hit the ground and the bottom fell out of the barrel. Now devoid of the weight of the bricks, that barrel weighed approximately 50 lbs. I refer you again to my weight.
As you might imagine, I began a Rapid descent, down the side of the building. In the vicinity of the third floor, I met the barrel coming up. This accounts for the two fractured ankles, broken tooth and severe lacerations of my legs and lower body. Here my luck began to change slightly. The encounter with the barrel seemed to slow me enough to lessen my injuries when I fell into the pile of bricks and fortunately only three vertebrae were cracked.
I am sorry to report, however, as I lay there on the pile of bricks, in pain, unable to move, I again lost my composure and presence of mind and let go of the rope and I lay there watching the empty barrel begin its journey back down onto me. This explains the two broken legs.
I hope this answers your inquiry.
Summary: you feel beaten to near death Dont beat yourself up. Everyone messes up its only human to err once in a while. Please change this from an analogy of your mood to an analogy of the trade/s you made. Then reread your post. Analyse your options at every new event that you met. Basically look over your actions to learn from your triumphs and failures alike. If you dont know why you won/made money, its sheer luck. Therefore you will lose next time. If you can figure out what events led to your win, you begin to master that technique "Buy when there's blood in the streets, even if the blood is your own."
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