THE RESPONSIBLE TRADER – EXPERT’S OPINION I was browsing through my News Feed when I saw a Screenshot of “Rooting for Celeste”, showing that the words in her Blog have been converted into words that looked like program developer’s scripts indicating that the Blog has either been hacked or has completely gone out of circulation. Please see Figure 1 […]
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THE RESPONSIBLE TRADER – TRADING LESSONS – THE DEGREES OF A TREND In my previous post on this topic (Please refer to: http://theresponsibletrader.com/responsible-trader-trading-lessons-degrees-trend/) I stated that in Responsible Trading we classify trends into degrees based on their pertinent time frames. Major trend is a trend lasting more than six months. In our Stock Charts and Analysis this is also […]
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SHLPH (PILIPINAS SHELL PETROLEUM CORPORATION) – JANUARY 3, 2020 TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY SHLPH ((PILIPINAS SHELL PETROLEUM CORPORATION) appears to have bottomed out giving us a good setup for a Reversal Trade. To establish our Trading Plan, we use the 52-week High and Low as our basis for […]
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THE RESPONSIBLE TRADER – TRADING LESSONS – THE DEGREES OF A TREND In Responsible Trading we classify trends into degrees based on their pertinent time frames. Major trend is a trend lasting more than six months. In our Stock Charts and Analysis this is also referred to as the Long Term Trend and we use the 200 SMA (Simple […]
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BDO (BDO UNIBANK, INC. ) – DECEMBER 13, 2019 TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY Before preparing our Trading Plan let us first establish our Trade Setup. Since BDO is on an uptrend, we will again use Fibonacci Extension as explained in Chapter 1, Section 9 of my first book “”The Responsible Trader […]
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SMPH (SM PRIME HOLDINGS, INC ) – DECEMBER 6, 2019 TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY As usual before preparing our Trading Plan let us first establish our Trade Setup. SMPH appears to be breaking out from an Inverted Head and Shoulders Pattern giving us a very good trade setup. To […]
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WLCON (WILCON DEPOT, INC ) – NOVEMBER 29, 2019 TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY Just like what we did in JFC, before preparing our Trading Plan let us first establish our Trade Setup. Since WLCON is on an uptrend, we will again use Fibonacci Extension as explained in Chapter 1, Section 9 […]
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JFC (JOLLIBEE FOODS CORPORATION ) – NOVEMBER 25, 2019 TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY Many are now raring to buy JFC seeing it as a once-in-a-lifetime opportunity to own the stock. I have also been asked by readers of my books about how they are going to apply the things that they […]
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THE RESPONSIBLE TRADER – TRADING LESSONS – MULTICOLLINEARITY If you are really serious in bringing your trading to a higher level, one of the concepts you need to know is Multicollinearity. This is where a lot of new traders go wrong. Based on the paradigm two heads are better than one, a new trader also thinks that two or more […]
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THE RESPONSIBLE TRADER – TRADING LESSONS – BLENDING CANDLESTICKS – PART 2 Actually this is the same procedure when candles for a certain trading period like weekly, monthly, yearly etc. are blended. Let us apply this to the the PSE for the Year-to-date 2017 as indicated in Chart 5. For year-to-date 2017 we start with the Open of 6846.55 as […]
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