PSE and Financial Related Stuff: immovable as a mountain

Monday, June 12, 2017

immovable as a mountain

chart monitor: WLCON/WILCON DEPOT, INC. (11 JUN 2017)
stok tots: is the macd histogram always important for a short term trend follower? (11 JUN 2017)
chart monitor: EW/EAST-WEST BANKING CORPORATION (11 JUN 2017)

chart monitor: WLCON/WILCON DEPOT, INC. (11 JUN 2017)

Posted: 11 Jun 2017 05:25 AM PDT

remarks:

1. WLCON closed higher to 6.59 (09 JUN 2017) ... up 1.38% ...

2. resistance: 5.60 - 5.63 ...

3. the macd histogram is above the 0 - line ... it is up ...

4. if im a short term trend follower and i dont have WLCON ... ill wait muna until the histogram is below 0 again ... or look for other stocks to buy na lang in the meantime ...

5. if i have WLCON na ... hold lang ako .. sell when my stops are hit ...

* what is a "short term trend follower"

* these notes are good only for the next trading day ... and NOT for the subsequent trading days

* these notes are mine alone ... and are for sharing with short-term trend followers

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FINANCE MANILA

STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!

click here for an explanation of the indicators ...

click here for my trading rules

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.

stok tots: is the macd histogram always important for a short term trend follower? (11 JUN 2017)

Posted: 10 Jun 2017 06:35 PM PDT

the macd histogram is an important tool for a short term trend follower ... it is based on the position of the histogram whether i enter a stock i intend to buy ... but that is NOT the topic of this post ...

so .. while the macd histogram is important during entry ... are there other instances when the histogram is important? wala na!

once i have entered a stock ... the macd histogram is altogether forgotten ... it is no longer important ... it has no more role in my trading for a particular stock ...

once i have entered a stock position .. the only thing i am concerned about now is when do i sell ...

and i sell when my stops are hit ... there is no other indicator that i need when i already have a particular stock except my trailing stops ... when a trailing stop is hit .. i sell ... ganun lang ...

so .. to recapitulate:

on entry .. histogram is important ...

on exit ... trailing stop is important ...

thanks ...

chart monitor: EW/EAST-WEST BANKING CORPORATION (11 JUN 2017)

Posted: 10 Jun 2017 10:09 PM PDT

remarks:

1. EW closed higher to 27.30 ... up 0.37% ...

2. resistance: 27.85 ...

3. the macd histogram is still above the 0 - line ... but it is lower ....

4. if im a short term trend follower and i want to buy into EW .. id wait muna until the macd histogram is below the 0 line ... i start entering a stock when (1) the macd histogram is below 0; (2) the macd histogram is rising; and (3) the price is rising; (4) then set the appropriate cutloss price ..

5. if im a short term trend follower and i have EW ... id just sell when my stops are hit ... (ex. just below 27.00 ... say 26.95 or 26.90)