CollinSeow.com – Singapore Remisier Stocks Blog

During my meeting with my clients ,alot  of them will ask me what I do to select the stock to trade.

Maybe just want to spend sometime to talk about this.

I usually do swing trading  and I like to trade with the trend.

I will use the Metastock to look for uptrend stock.

So how do you define uptrend stock, I tend to have a simple scan so that I have a longer list of to eyeball.

My simple will be 20 Moving average(20SMA)  above 40 moving average (40SMA) and Close higher than 40SMA.

The Metastock Explorer

Filter:

C>Mov(C,40,S)  AND Mov(C,20,S)>Mov(C,40,S) AND CCI(5)<0

on top of that I would like to CCI to drop below 0.This is because I like to have the stock to consolidate for a few days.

Posted on  18th Jun http://www.collinseow.com/sti-straits-times-index/hyflux/

Hyflux meeting resistance. See whether any positive coming out , can be a case of buy on rumor ,sell on news.It don’t look like casual buying.

Read the rest of this entry »

I have posted SGX last week when it was touching 200MA. In-fact it did not break 200MA as it is in correction mood. It may more clear  rally again when 20MA cross above 50MA.

I have been spending little time on Metastock recently due to other priorities like building my remisier team. So this Christmas ,I went on overdrive on Metastock.

One of the things I did was to design a trading system which is popular in Singapore.It is call the peak and trough system. It look similar to a Darvas box so I decide to tweak Darvas box code .

On top of just giving the indicators,I also program the expert advisor which will give you the arrow when to buy and sell.It also highligh the candlestick blue when it break out of the box. When it is time to take profit it will show a red exit signal and also the candlestick will turn red.

Below are a few example of my work .

Last post was in July 09 http://www.collinseow.com/sti-straits-times-index/strait-times-index-on-csi/

Just a update on the STI.

Today OCBC Gap Up, Open at 8.68.

My posted yesterday of OCBC trigger buy on 8.57 and Cut Loss 8.52.

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Looking at the weekly chart of STI .Interestingly , I notice that the STI as touch the 200 week MA and start to pull back. So far, looking at the daily chart , the STI has broken the downtrend line . This is my signal to lock in my profit which I also sms to my clients on last thurs to consider.

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Flag pattern for mapletree logistic , Volume is not big enough yet but day has not ended yet.

If flag pattern is confirm , may see more upside.

Set up of Swing trading 3-5 day trade. 20 and 40 ma sloping up and CCI <-100

Trigger day will be day1 when it break the prior day high.

As told on previous posting to be careful… Now STI has follow and start to break below the trendline.
Note: In technical analysis , you need either a 3% close below trendline OR 2 day close below the trendline to confirn that the trendline is broken.

Leaders lead the market. China stock market is a leader .They have move up more than any market in Asia.

We can see from here that after 2 buy signal in mid Mar , the CSI system has a sell signal on 13/08/09. Currently it is still a stay out signal.

Technical speaking, the 100MA (yellow ) is not providing the support. Looking at the magnitude of the fall, they maybe a short rally before testing the 200MA (red).

For STI , I will remain cautious as the leaders has already show weakness.

weekly chart , we are seeing a divergence in the momemtum and the STI, ie momentum is dropping.

STI daily chart , STI is now in sysmmetrical triangle , this chart pattern is a continuation pattern.However the STI need to break out of this triangle to confirm the continuation of the uptrend.

My personal view.

Respected trader and educator J. Welles Wilder developed “AverageTrueRange” (ATR) as a tool for a more precise and realistic calculation of market’s price activity and volatility. Read the rest of this entry »