Wednesday, June 26, 2013

Noble - Fake Breakouts in Minutes Chart



After I unloaded Noble at 0.975/0.98, it went to a high of 0.98/0.985 before collapsing to 0.965/0.97 which was my buying price yesterday!! Although I did not unload at the high, I was very well satisfied because I followed my game plan for the day which was to sell at opening. What contributed to this sell down was fake breakouts identified in the 2 minute chart. Of course, that being said, the minute chart and the daily chart has a totally different picture. In this volatile market, I would rather play safe and posit my skill on the minute chart. :)

http://stockmarketmindgames.blogspot.sg/2013/06/noble-1500sgd-in-9-seconds.html

Ronald K - Market Psychologist - The Big Speculator