The Art of Tape Reading BDO

How early can you sense that news is coming in BDO? As early as June 3.

http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-5641_BDO.pdf

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAoTdsYKKQsW8362p14M72G4aRyfZv4QX77uwIj9zHjdZP-EO2CmnFdZRLeWnWEQwKoinC0_DsTvm6go2WWZ1lqRHey0knPQJDWZdGJxZhToFNg8zIaQuH2HD9uaVakcf4KukKUEMSAw4/s1600/3-jun.jpg

The Power of "N"

I find it amusing that even the third liners top ten gainers last Friday, formed an "N".
I only trade "n"  formation with foreign buyers and most active stocks, otherwise, you will just be gambling. If foreign buyers are just buying and not raising the price, and less than 10 million pesos, it maybe a a fake.

You have to be out of the gambling class in order to be a good trader.

Some Blues

BDO

RLC

ALI

Bears VS Bulls 5

What a boring week, was not trading yesterday, attended conference and one speaker was MVP. Wow... maybe I can use in trading what have been discussed. But no, I am a price action kind of trader, but when I see the price move in what was said, then, maybe I can bet heavily on it.

I am happy with my picks last week.  Especially with BDO and FLI. Next, week, looks like Blue Chips week.

http://tracer-tracer.blogspot.com/2011/07/from-my-diary-posted-last-monday.html

CHF The Worlds Greatest Currency 2

A cool 100% paper profit.

The big money is not made from the small, day to day fluctuations, but from the big moves - Jesse Livermore 

http://tracer-tracer.blogspot.com/2011/07/chf-worlds-greatest-currency.html

LCB @ the Closed

Look whose buying........

I Believed I can Fly 2

FLI first green signal. 

I Believed I can Fly

Interesting Buyer in to the closed.

From My Diary Posted Last Monday Morning

I believed I can Fly...........

BDO 63.2 I Love New Highs

I Love New Highs

Bears VS Bulls 4

Futures Up, Asia Up, Europe Up, Phisix Down :-)

Anyway let us see. A boring day today and P6 computer very slow, not good for third liners plays, although I made some nice profits from day trading of third liners, was using fibo technique plus one fluc to sell my positions in due date trading. Otherwise, you will be stuck up due to slow quotes.

The nice thing about my trade picks, it was not discussed in any forum nor here or my diary.

USD CHF Short 5

Fall continues, 0.79 now visible in the screen. easy 50% paper profit.

Bears VS Bulls 3

What a boring day for p6, although 28 issues made a significant bounce intraday and 16 issues from previous days closed. Foreign buying up.1,904,060,778 against selling, 1,532,210,598.

Base from June 2 prices, Banking sector was the strongest, coming from BDO, SECB, RCB and UPB.
Power Sector, AP is the strongest.

Property sector sideways for sometime due to mining plays and now have some life from ALI, FLI, GERI, RLC
Mining plays, my favorite LCB.

Have switch positions on some of my holding for a 25% profit.

Shorts Agony 3 year charts. 380% down from their 2007 glory days, just look at the volume and you will observed that a lot of bears were burned hard, or waiting to take revenge on the market.

Shorting stocks is dumb because the odds are stacked against you. The stock market has been rising by over 10 percent a year for many decades. Why would you want to go against that trend?”Steve Lescarbeau. Market Wizard

USD CHF Short 4

Added more shorts

USD CHF Short 3

The Art of Trend Following

The Inverse "N", example 2

It would be interesting to see the result of Inverse "N" theory in my previous post in US markets. As I mentioned before, in US and FX markets, your critics cannot accused you of hyping and manipulation.

http://tracer-tracer.blogspot.com/2011/06/inverse-n-example.html

Bears VS Bulls 2

We were just discussing the 3B foreign buying, now we just got it, 3,173,223,218 against foreign selling 1,280,700,263.

I taught it was only Phisix breaking records highs, Thailand SET and Indonesia also made all time highs. Pnoys supporter says, its because of his performance that the Phisix  made new highs. Oh my, if he will mentioned that in his SONA, it will surely comeback.

Anyway, DJIA futures up, Europe Up, Asia Up. Phisix Down :-(

From My Diary Posted Last Sunday July 17 Results

Only 3 picks down.

http://tracer-tracer.blogspot.com/2011/07/from-my-diary-posted-last-sunday-july.html

BDO Another Green Signals and New High 62.30

The Blue Chips

The Stock market drop last March 31 due to Japan earthquake and nuclear problem. P6 then consolidated and if you notice in the charts below, it is beginning a new uptrend leg which started July 1, that is why I mentioned before, " just found their bottom"

BDO

EDC

DMC

MBT

SCC

Looks Like The Bull Market 5

The DJIA follow the Moonlight chart, posted at FM last November 2008, prior to March 2009 Low and reposted December 2009. A bit off track by 4 months, but looks good.

P6 Foreign buying up 2,467,067,674 against selling 2,071,507,697. Profit taking put it down, 5 straight up on a negative sentiment dow is not bad at all. After all, trend followers need the money on the sidelines to push the market up, even better if that money is billions, but when all the money is in the market, then, be very careful, who would buy? During the 2005 bull market,  foreign buying was about 3 billion per day. We a nearing that mark, 2B NFB for 7 straight days averaging 2.3B since June 1, 2011.

"The intent is to catch major moves, to indicate the beginning and the end of movements of importance. There is nothing complicated about it. The various phases will be absorbed quickly and with easy understanding by those who are interested."  Livermore

Ceiling Timing

Since I expect a lot of ceiling plays to come, would like to warned you that this is for experts only. Even experts and Pros get burned, what more for newbies.  I advise you to just watch and in case your hand is itching, just1 board lot and study, especially the timing and record it. I will not reply any queries regarding proper timing, pros will get mad, also, if it is known, another timing will arise. As I always said, the market always goes against what is common knowledge.

Some newbies will feel like superman when they win. Since they have the superman feeling, they will buy again the next ceiling play without any plan and may win again boosting his ego, until he will end up losing it all, including capital. I have been there before.

Just do your homework, I am sure you will find it.

In Trading, when you are absolutely sure,  it will not work.

Phisix Record High 3

Blue Chips

I Got A Ceeling 5

We do not need to catch tops and bottoms, because nobody knows where the top is, the top could be on the first candle, or the second candle or the third candle, if I sold it at the 4th 5th candles, look at what I have missed. That is the Idea of Trend Following, it can take intraday, weeks, momths. year, nobody knows where the top is until you see danger signals. If you were unlucky and bought at the black candle area, sell immediately, it never pays to argue with the tape.

http://tracer-tracer.blogspot.com/2011/07/i-got-ceeling.html

http://tracer-tracer.blogspot.com/2011/07/from-my-diary-postedyesterday-monring.html

Looks Like The Bull Market 4

I observed that when 10 to 20 stocks move significantly intraday and from previous days close, it is a sideways to down market, if more than 30 significant moves, it is a bull market. Just my opinion.

Maybe readers are wondering why a trend follower violates his rules and trade ceiling plays.
Sometimes, you have to practice how to control your emotions, if you still know how to follow your own rules, and in case you lose, just sell and move on. It is important to know yourself, that you will not freeze when you see the price drop sharply against your position. Those things can happen, if you cannot control yourself.

LCB,  that kind of gap, if gap up tomorrow,then maybe 1.32 will be history. Just like the link below.

http://tracer-tracer.blogspot.com/2011/05/from-my-diary_04.html

"If you can learn to create a state of mind that is not affected by the market's behavior, the struggle will cease to exist. When the internal struggle ends, everything becomes easy. At that point, you can  take full advantage of all your skills, analytical or otherwise, to eventually realize your potential as a trader." Mark Douglas

LCB @ 1.30

I Love New Highs, break that psychological barrier.

BDO Suisse

Was not aware that there is a csuisse foreign buyer of BDO. CHF the best currency in the world.

BDO 61.0 I Love New Highs

I love new highs, only happy investors and all the miserable traders are out.

At Last Another Green Signals

BDO Another Green Signals

LCB Another Green Signals

Fossil Noting but up

LCB PX The "N" Factor

PX

LCB

From My Diary Posted Last Sunday July 17.

                                                                        

If you notice, most of my picks except alco and eli were Blue chips and second  liners and from the 18 picks, only 4 went down and only a few flucs on a bearish Dow week, That is why I am surprise that most gurus were talking about garbage stocks only , they were too fixated in the garbage stocks.    Or maybe they were ipits in the garbage run that they forgot that some blue chips were moving hard, like URC, BDO, AP, SMC, PCOR.  

Also, as posted last Sunday, mining super bullish, super bullish indeed.
I taught ALCO was ripe for ceiling games, I was wrong, barely move, lots of selling pressure on top.

There were only 12 viewers last Sunday, which I believed not capable of moving markets unless they are fundies.

Phisix Record High 2

Lot of Blues Up in Active list. Not only that, Lot of Green signals from the Blues,

Looks Like The Bull Market 3

28 Issued jump big time intraday and 19 issues jump big time from previous days closed.
Foreign buying up2,467,542,716.47 against selling 1,960,796,593.32

How can you trade if you have fear of the market which you cannot control. Just trade and let the market tell you if you are right or wrong. Just sell if you are losing and stop hoping.

I traded some ceiling stocks today and sold when It went against me. Why, because hoping is not in my language. As you can observed in my last post, I am happy.

What A Lucky Day

All my trend following stocks in new high territory, LCB 1.24, PX 27.10, URC at 49.5

Just sold my old secret stock I bought when I was a newbie (2005), 873% gain. :-)

Lucky day it is.

PX 27.0 I Love New Highs

I Love New Highs, and you know why.

LCB I Love Green Signals 1.23

Ceiling Bids

Holy Cow, all are ceiling Bids.

Looks LiKE Lucky Day

Gold New Highs

When most TA Gurus forecasted the Gold will fall on the first week of July it went the opposite on July 11 US time and LCB went up bigtime on the same day. Now Gold broke the psychological barrier of 1600, will Phil. mining stock do the same? Lets see what the price will tell us.

URCeautiful 7

Posted this from my Diary last July 6, and NFB still remains true.

Blue Chips in 20 Most Active List

I am not really sure why they say the Blue chips did not move, its all green and most active, although 3rd liners were the flavor of the day for easy profits. But not for the newbies and weak heart. I remember the days when I was a Newbie in 2005 and played this ceeling plays, I always was happy for a day and lonely for a week. I always tried to follow my Idol who is very good at it and me left holding the bag always.

DJIA Last Minute short Covering

Short covering in the closed like power? Maybe

CHF The Worlds Greatest Currency