Trading the Philippine Stock Market

[TWINSCAN]

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ICT is forming an ascending triangle a continuation pattern, volume is increasing and it is close to testing the 33.5 resistance line. What's your take on this guys....

[epgarias]

@epgarias - ako gi baligya gahapon akong BPI bro.. hehe.. cge man gud ka lugi.. hadlok ko basin samot mu ubos.. then after seeing the reports from COL last night sa youtube through their 7 day demo.. murag nagmahay ko kay pang long term daw na investment.. hihi.. anyways , maayo gani FICTIONAL pa ang kwarta gamit nako run.. atleast naa nko idea gamay.. lamat nimo boss..

question:

angay ba mag invest long term investment then at the same time naa pud ka stocks na pang swing trading? or pang daily/weekly baligya? in your situation now.. gi unsa nimo pag invest tanan imo wawart sir if it is ok to share here? TIA

Depende ni siya sa imoha ma alot na time sa imoha trading. Nindot pud ayo na ang duna ka panglong term ug duna pud ka pang short term na investment. Sa akoa case as a swing trader kay pang short term ra koa ginapalit to maximize my gains. Mas ganahan ko paspas na turn over. If padung na naug ang isa ka stock and duna nako profit kay baligya na nako na siya and balhin na pud ko sa mga stocks na duna potential musaka na pud. Usually I focus my trades on the top performing blue chips sa current top performing na sectors to minimize my risk.

[epgarias]

Mga bro, what can u say about sa ila NTS?

Ganahan ayo ko sa NTS, thou under current development pa ang tanan features niya.
Ako ginahulat ani kay ang ma implement na jud ang shorting sa stocks ug kato naa na automatic na cut loss area. E set lang nimo ang imo cut loss then once ma trigger siya na bahala baligya. This way mas maminimize nato atoa losses.. Labi na sa kato duna mga trabaho and maglisod monitor all the time sa market..

[Soggy2]

ICT is forming an ascending triangle a continuation pattern, volume is increasing and it is close to testing the 33.5 resistance line. What's your take on this guys....

Thanks for the heads up. Looks like an ascending triangle indeed with descending volume. Breakout point 33.5.

Someone confirm
Breakout buy point 33.55 or 33.60 (the new flucs are killing me)
Cutloss point 33.45 or 33.40
TP: 37.50

this is one of the stocks the swing traders are playing with. Ang ilang target lang kay 36. Caveat as always.


Dugaya sa target ni FLI oi. Bought on breakout and still waiting. I read the float for FLI is really really huge.

[epgarias]

@vondave - musta naman ang COL2x nimo bro? Any comments base sa imoha experience using it lately. Ok lang ba iyaha interest per month?

[Soggy2]

Ganahan ayo ko sa NTS, thou under current development pa ang tanan features niya.
Ako ginahulat ani kay ang ma implement na jud ang shorting sa stocks ug kato naa na automatic na cut loss area. E set lang nimo ang imo cut loss then once ma trigger siya na bahala baligya. This way mas maminimize nato atoa losses.. Labi na sa kato duna mga trabaho and maglisod monitor all the time sa market..

yep important kaau ang cutloss point. para mawala pud ang emotions whether to cutloss or not.

[epgarias]

Thanks for the heads up. Looks like an ascending triangle indeed with descending volume. Breakout point 33.5.

Someone confirm
Breakout buy point 33.55 or 33.60 (the new flucs are killing me)
Cutloss point 33.45 or 33.40
TP: 37.50

this is one of the stocks the swing traders are playing with. Ang ilang target lang kay 36. Caveat as always.


Dugaya sa target ni FLI oi. Bought on breakout and still waiting. I read the float for FLI is really really huge.

Nice thanks guys for the heads up on ICT.. Confirmed possible ascending triangle pattern ni siya..



Agree ko sa ilaha TP na 36 but i think kaya pud ni niya maabot ang 38.. If you have purchased the book that I have recommended pwerte pagkaigo sa 36 na TP nila base sa computation sa book.

[epgarias]

Dugaya sa target ni FLI oi. Bought on breakout and still waiting. I read the float for FLI is really really huge.

1.10 ra koa target unta sa FLI pero wala na hit before nagcorrect ang price.. Ako na gi sold last friday ko shares at 1.06.. Transfered my money sa MBT ug URC..

[jeanz]

Jeanz, you got the right idea na man bro. Cutting your losses is the most important skill to winning in the stock market. The problem lang is that you may have set your cutloss level too close to your entry point. But if that was exactly the maximum amount of risk you wanted to take, then you did right. Di ba they say, plan your trade, and trade your plan. If you followed your plan to the letter, then that's great. You lost in the trade but that's normal. You don't win it all. Move on to the next trade na lang. If in many of your future trades, your cutloss level is often touched and later the stock proceeds to go up, then try setting cutloss level further down from the support level.

The lessons you can take away from this trade are:

1. I think you chose right in terms of general chart features for the stock because, looking at it myself, I can see that it has a strong, clearly defined upward trend, and it recently went down and was very near the support levels of the trend when you bought it. Well done.

2. I suspect you bought your stock early in the day. Maybe before 10am. Am I right? Before buying a stock at or near support levels, it might be a better idea to wait first for strong signs that the support is respected. The stock should bounce on support or at least stay there and not go under it. If it bounces, buy it right away because that usually signals the support is strong. In this case though, it fell further down. That it did should have told you that support was weak and therefore might not have been a good stock to buy, at least not yet. It might be a good idea to buy a stock in the later hours of the trading day after much of the stock's movement has played out. That way, you read the trend better.

3. Yesterday, the price seemed to hold at .23 which seems to signal it has reached its true support level. Today, the stock opened higher but gradually went down although it ended higher than yesterday's closing price. Volume wasn't strong so it's a weak rise. If it shows more conviction tomorrow, then it might be a good buy. Of course you could just decide to not wait for the clear bounce and buy it right away, but most technicians prefer to buy on a confirmed bounce. What you do is up to you. No hard and fast rule here.

You can still decide to buy this stock as long as you set a good cutloss level. It certainly looks to me like it has a good swing trade potential.

Good luck bro and hope that helps.

hehehe.. sagol to emotional tong aku.ang cutloss.. Originally i was planning for around 7-8% ra, na abot ug mga 10.7%.. On the other hand, hadlok sd ko aku i.dugay aku loss kai basin dugay nya kaayo kabalik...
Lage, mao jud nang dako nga learning dd2, follow strictly on your trading plan. Hopefully implement nani nila completely ning NTS, cuz they're saying apil daw ang automatic cut-loss..
Another learning also, sayop aku entry ato, I should have some signs nga ni saka, kato nga time bought it while going down.. I think mga 11 man to nko g.buy, and as you've said, wa jud to nko g.check if it respected the support that I was looking at - karun pko k.realize ani after reading this..haha.. Ni lahos man nuon, dd2 diay xas pikas support..haha..

Salamat au sa advice bro vondave, keep it up!!

[MoD]

@ epgarias - gud am bro.. i was following your blog.. you bought URC @ 32.50 .. as of now.. 33.30 na.. unsay target point nimo ani? and how do you measure target point? from graphs?