17-12-07: BSC is bearish below 100

BSC drops below $100, again.
So is it a discount for call, or a put ?

90 is support,100 is resistance. Both ways room are too little. wait.

daily
====

17-12-07 : MA needs ERF#1

MA is uptrend, within up channel. But the price to enter now is not safe. It may retrace to the btm of up trend anytime. So wait for ERF#1.

daily
====


15min
=====

16-12-07 : Finally the seminar started !

The long awaited CFD seminar by Dhillon finally kicked off today in Cititel KL.

Well, most of the stuff i already know, as expected. But still, its nice to meet ppl. The seminar is sponsored anyway. Thanks to Eric, Wong, Ah Sim, Ah Qin, En Asman, Damien, Soo Yean, Daliam.

To summarize what i have learnt :
(1) MA50,200 should be the support / resistance (S/R). Not the trendline. Dont use trendline.

(2) Enter the trade anytime the price target is met. Timing is not important, nor
the formation of candle patterns on that day.

(3) Oil counters like SLB, OXM, SII are good for position trading. Less volatile. More predictable.

(4) Dhillon's main indicators are RSI, Slow stoch(10,10) and MACD (2 line + hist)(parameters are default) for position trade.

(5) For day trade of S&P500, he uses Bollinger on 3min chart + RSI.

These are the samples of the trade he will enter for position :