DFNN - Denial For Nothing Notable...

It is likely for some traders to missed a screaming chart for reasons too many to mention...but

Here are some reasons why traders missed the obvious in the chart:

Hope - sometimes false hope
Fear - all sorts
Greed - too much of this is deadly
Pride - nothing is too BIG nowadays
Trust - sometimes blindly
Rookie - even if you have been trading for 5 years

But a GOOD TRADER will never let this kind of experience bring them down...they pick theme selves up and move on to find another trade, this time it should be a good one.

The gravestone doji followed by a big red candle is already a huge reversal signal and should have already triggered a sell/cut loss.

If you are still holding DFNN you should ask yourself Why am I still holding DFNN and at what price would I sell?

The elusive double digit seems to be very far in the picture. One should analyze further the stories about DFNN (share swap priced at P15, battle for board seat, etc.) and how it is perceived by the trading participants.

Well for us, we sold at P7.95 (9% loss) earlier and buy back at P7.75 and posted to sell at P7.95 for a quick profit to recoup some losses but sell order was not hit. We're now bearish for DFNN but will closely monitor for a technical bounce.

It is very good to keep a trade journal for future reference...

Stock Market (PSE) Blogs

Here are the other blogs that provide a good insight of what is happening in the stock market.

spicysiomai always surprises me with in depth analysis about latest market action. It is even monetize with a paid content (hope I can get in soon...for FREE).

facelesstrader another one of a kind blog that give you a different perspective of what is happening in the market.

immovableasamountain is a trading journal of Shingen Takeda, showing buy and sell for the day.

Happy Trading to Everyone...

still holding DFNN and MA.

MA holding its ground

MA continue to holds its ground at P0.078 for the last three days and managed to close at P0.080 also for the last three days. Although the Market has experience a massive sell off on the last hour of trading for the last two days, MA seems to be strong in keeping its ground (P0.078). If the recent trading pattern of MA continues we might already see the price poised to register a new high...

keeping my fingers crossed...

DFNN trade updates

DFNN break out of the triangle pattern but the last hour sell off of the PSE stocks gainers rubbed off to DFNN causing a gravestone doji to form (sign of bulls losing momentum) the next candle after the gravestone doji confirmed the losing momentum of the bulls. Good thing both the two candles still registered a higher high and a higher low keeping the uptrend still alive by a hairline...

A lower low (P8.30) might already be a sign for a change in trend, a sideway trend is much welcome than a downtrend. A lower high could also trigger the same. 

This week's trading should give us more clear direction of DFNN.

DFNN - nearing double digit

After the bounce off the 50% Fib retracement it is now poised to break the triangle pattern and based on the 127.2% Fib extension the target should be around 10.27. I'm all in after buying for the last 3 days.

Trade at your own risk!

Trading Opportunity in the Making

MA has shown a pattern on its recent break outs and it is again looking to repeat the pattern.
It is so obvious. Get your guns ready as we set up the ambush...

Leave a comment if you need some details.

Local Stocks - Never been this interesting

The Local Stock Market (Philippine Stock Market) has never been this interesting.

I would like to share with you some of the active blogs that has been hitting the money with their stock picks and analysis. If you want to follow the MONEY, you will have to follow these blogs....

ZEE Freaks - recent stock picks are JAP stocks.

Trader Tactics - with good materials about Technical Analysis.

Out of Stock -  very good commentary on the performance of the market.

These are just a few of the blogs I follow to get a feel of the market. Will share more on the next post, till then. Follow the money....