SKPETRO updated 16th June 2014

SKPETRO - BEARISH PULLBACK?

THE NAME OF THE GAME

TESTING NEW SYSTEM!  

YOU WIN SOME, YOU LOSE SOME, YOU MISS SOME.  THAT'S THE NAME OF THE GAME.  AT THE END OF THE DAY, DO YOU TRUST YOUR SYSTEM ENOUGH TO FOLLOW IT?

KLCI

SUPPORT AND RESISTENCE LINES DRAWN LAST YEAR STILL VALID.

EXPLORATION DONE ONE 12TH MAY

YOU WIN SOME, YOU LOSE SOME.  JUST MAKE SURE THE WINNERS ARE MORE THAN THE LOSERS.
HDBS DELETED FROM LIST ALREADY.  ADDED IN HWANG

INARI

MUDA

PWROOT

2.07 to 2.09 is the strong resistance level.  Shall I take profit and re-enter when it pulls back or wait and see if it can break out of resistance level and reach 2.23?  Play it safe and sell?

 If can break out of 2.09, maybe better to sell at 2.13. If cannot break out of 2.07 - 2.09, then take profit at closing price?  Divide into two units and sell one unit now and ride the trend with the remaining unit.

YEELEE

PTARAS

OLDTOWN

MAHSING

DELEUM

TAS

BUYING ON BREAKOUT SO AS TO SUFFER ONLY  A SMALL LOSS IF BREAKOUT IS A FALSE BREAKOUT? OR WAIT FOR BREAKOUT?

SPSETIA

STOCKWATCH

STOCKWATCH - SPSETIA, WPRTS

MY FACEBOOK ACCOUNT HAS BEEN HACKED SO ANY NEW POSTINGS IN "TREND FOLLOWERS TRADING GROUP" OR IN FACEBOOK  AFTER THESE TWO CHARTS WILL NOT BE FROM ME. 

BARAKAH

AS SIMPLE AS IT CAN GET!

Simplicity saves time and effort.  My endeavour to simplify my charts led me to this new format which I feel is as simple as it can get.  If the second and third panel, the two panels below the price panel, shows green, then it is bullish.  I have checked it out and the following charts show the results are encouraging.  As for exits, the channel lines should be used.  These are the potential supports and resistances.

WORK IN PROGRESS

CAME UP WITH A NEW CHART BUT STILL HAVE TO WORK WITH BUY AND SELL ARROWS.