Thursday, October 31, 2013

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

Saturday, October 19, 2013

what i read today: The Top 10 Mistakes Most New Traders Make

http://newtraderu.com/?p=5303

just charts: GLO/Globe Telecom, Inc. (19 oct 2013)

GLO chart as of 18 oct 2013

(click on the chart to enlarge)

remarks:

just charts: MARC/Marcventures (18 oct 2013)

marc chart as of 18 oct 2013

(click on the chart to enlarge)

remarks:

1. marc broke past the 3 pesos psych resistance ... closing @3.24 ... just a tick off its intraday high .. a gain of 9.46% over is 2.96 close yesterday ...

2. both the histogram and sts are still rising ...

3. i sold all my marc's last wednesday ... in case the us default issue was not resolved .. but bot bak my marc's and some more the next day when the us senate temporarily resolved the ceiling matter ...

4. im continuing to hold my marc's now .. merely adjusting my trailing stops ...

for an explanation of the indicators ... click: here

for reference .. you may also want to read: my trading rules

Monday, October 14, 2013

what i read today: The Eight Principles of Elite Traders (14 oct 2013)

http://www.smbtraining.com/blog/the-eight-principles-of-elite-traders?utm_source=rss&utm_medium=rss&utm_campaign=the-eight-principles-of-elite-traders

just charts: MARC/Marcventures (14 oct 2013)

marc chart as of 14 oct 2013

(click on the chart to enlarge)

remarks:

1. marc surged past the 2.50 psych resistance ... reaching an intraday high of 2.69 before closing@2.65 ... up 13.73% for the day ...

2. the macd histogram and the sts both continue to rise ... the sts is already oberbot ...

3. i still have my marc's .. just adjusting my trailing stop .... possibly sell half my position next trading day and hold onto to the other half until my stop is hit ..

for an explanation of the indicators ... click: here

for reference .. you may also want to read: my trading rules

Friday, October 11, 2013

what i read today The Principle of Non-Action (11 oct 2013)

http://www.mercenarytrader.com/2013/10/the-principle-of-non-action/

Thursday, October 10, 2013

just charts: URC/Universal Robina Corporation (10 oct 2013)

urc chart as of 10 oct 2013

(click on the chart to enlarge)

remarks:

1. urc breached the 120 barrier and closed @120.80 after hitting a high of 122.60 intraday ...

2. the macd histogram continues to go up ... altho no buy signal yet ... same with the sts .. it is advancing but also no buy signal still ...

3. im just holding my urc's ... adjusting my trailing stops ... will sell when these stops are hit ..

for an explanation of the indicators ... click: here

for reference .. you may also want to read: my trading rules

Tuesday, October 8, 2013

just charts: MARC/Marcventures (08 oct 2013)

marc chart as of 08 oct 2013

(click on the chart to enlarge)

remarks:

1. marc closed @2.38 .. on its 2nd-day of advance after more than 6 months of stay below the psychological 2-peso mark ...

2. the macd just gave a buy signal yesterday ... the sts gave a buy signal last week ..

3. anything goes from now on i guess ... its been up about 20% from friday's close last week ... tomoro is the 3rd day since the 2 peso breakout .. so im expecting some profit taking from the t+3 traders ... im just holding and adjusting my stops ..

for an explanation of the indicators ... click: here

for reference .. you may also want to read: my trading rules