Trading/stock markets/forex markets etc :)

[sahil112]

Here is HNU,

http://www.google.ca/finance?hl=en&b...-8&sa=N&tab=we

It is a natural gas company. The shares were split (their price doubled)I bought shares worth $2000 at 3.6 (7.2 now) and $3000 at 4.0 (8 now). Apparently it is suppose to go up with a winter wave and cold weather because people will start warming up their houses and companies.

So let's see.

By the way, which market do you trade in right now? I have only been trading in the Toronto Stock Exchange so far.

di you now how to analyse candel sticks?

i trade ftse

[Ghorzang]

di you now how to analyse candel sticks?

i trade ftse

Nah bro not a pro yet. I am still in the process of learning. You are from UK?

[sahil112]

Nah bro not a pro yet. I am still in the process of learning. You are from UK?

ah well looking at the candels i think it will drop down 2 the 5.0 support level just to re-test and then it should be going back up to 9.0 9.5 over the next 2-3 months. you said that as its getting colder more will be used but you have 2 factor in that its being used right now but wont have any effect until the new quarter of the coming year when they release the profit figures etc and thats when you can see share price going up. i would take profit around the 9.0 9.5 level as i dont see it breaking that resistance level in the next 6 months.

and yes i am from uk i live in london

[Ghorzang]

ah well looking at the candels i think it will drop down 2 the 5.0 support level just to re-test and then it should be going back up to 9.0 9.5 over the next 2-3 months. you said that as its getting colder more will be used but you have 2 factor in that its being used right now but wont have any effect until the new quarter of the coming year when they release the profit figures etc and thats when you can see share price going up. i would take profit around the 9.0 9.5 level as i dont see it breaking that resistance level in the next 6 months.

and yes i am from uk i live in london

I can't wait another 6 months. As soon as it reaches 7.0 I will sell the $2000 shares and maybe the remaining $3000 as well.

By the way, how do you read the candles? Here is a 1 year graph for HNU

[sahil112]

I can't wait another 6 months. As soon as it reaches 7.0 I will sell the $2000 shares and maybe the remaining $3000 as well.

By the way, how do you read the candles? Here is a 1 year graph for HNU

oh reading candel stick charts is extremely hard and you need experience etc, i had 2 learn for 2 years how to use them and read them before i started trading with them but i can tell you now they are the best form of analyzing there is out there!!! they are so accurate its amazing.

if you can mabey gve me a bit of a closer up becouse i cant seem to see the candels very well and i can tell you how i read what i had just previously said

[Ghorzang]

By the way, how do you pick penny stocks? Other than the volume, what else do you look for?

[Ghorzang]

Here is a 3 month chart (sep-nov)

[sahil112]

By the way, how do you pick penny stocks? Other than the volume, what else do you look for?

oh penny stocks are dangerous, i dont trade them becouse most the time they seem like a scam or there is not enough previous financial data for me to have any faith in it or even use it 2 analyze hw well the company is doing or has done in the past.

but if you were looking into it i would make sure it at least trades on 1 of the american or european exchanges, should have revenue between 5-10 million a year, make sure they have made consistent profits and thier free money is growing every year, make sure they are not in huge debts becouse they can some times mask this by just putting it under assests etc just make sure you dont trade them to much as they change to fast 1 day they may be making lots of profit, next day it will be closing down and you would of lost all your money.

[sahil112]

Here is a 3 month chart (sep-nov)

ok can you see around november 15-16 the candels formed a hammer. this is a reversal signal saying market is changing way and this happened at a support line becouse if you see around october 23-24 it had tested this support line but couldnt break it so price moved back up again. we have resistence at around the 7.0 mark and a hanging man confirmed this ( the white candel before the next 4 last candels) and after that the market went down. it looks like ti will re-test the support and then once the figures are released next year jan-feb it should move back up and break the resistance at 7.0 which will then turn into new support

using candel sticks you can get upto 15 different signals and i only named 2 that appeared at the places i just mentioned. there is more analysis behind this the long shadows and the bulls losing pace. but thats more in depth.

hope this has helped you

[Ghorzang]

oh penny stocks are dangerous, i dont trade them becouse most the time they seem like a scam or there is not enough previous financial data for me to have any faith in it or even use it 2 analyze hw well the company is doing or has done in the past.

but if you were looking into it i would make sure it at least trades on 1 of the american or european exchanges, should have revenue between 5-10 million a year, make sure they have made consistent profits and thier free money is growing every year, make sure they are not in huge debts becouse they can some times mask this by just putting it under assests etc just make sure you dont trade them to much as they change to fast 1 day they may be making lots of profit, next day it will be closing down and you would of lost all your money.

They are risky. However, I won't be spending more than $500 per company. This way, I will buy $500 worth shares of 10 different companies with $5000. If I can buy and sell a company at least once a week, and I make a profit of $30 on each one of them, it adds up.

I have been trading SRU (Starfield Resources Inc) for a while now at the TSX. If I can find 10 such companies, I am happy.

[sahil112]

They are risky. However, I won't be spending more than $500 per company. This way, I will buy $500 worth shares of 10 different companies with $5000. If I can buy and sell a company at least once a week, and I make a profit of $30 on each one of them, it adds up.

I have been trading SRU (Starfield Resources Inc) for a while now at the TSX. If I can find 10 such companies, I am happy.

i may be able to look into it this weekend coming and give you some companies that you can buy shares in.

if you need any more help dont hesitate to ask

[sahil112]

by the way what exchanges do you want me to look into for you?

[Ghorzang]

by the way what exchanges do you want me to look into for you?

Toronto for now. I do appreciate your help. I am just a newbie.

[Ghorzang]

ok can you see around november 15-16 the candels formed a hammer. this is a reversal signal saying market is changing way and this happened at a support line becouse if you see around october 23-24 it had tested this support line but couldnt break it so price moved back up again. we have resistence at around the 7.0 mark and a hanging man confirmed this ( the white candel before the next 4 last candels) and after that the market went down. it looks like ti will re-test the support and then once the figures are released next year jan-feb it should move back up and break the resistance at 7.0 which will then turn into new support

using candel sticks you can get upto 15 different signals and i only named 2 that appeared at the places i just mentioned. there is more analysis behind this the long shadows and the bulls losing pace. but thats more in depth.

hope this has helped you

I might need to read few articles to understand all the signs/signals and all the color coding first. However, it was helpful.

appreciate it.

[sahil112]

any time wrora