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Use of weekly CC59 support line as an entry for stock trading.In this photo, A sky-blue horizontal line was generated by CC59 counting down to -9. When this line was tested as a support level and the stock price could close above this line again, that point would have high possibility to give at least 4% return from a buy entry. To copy the setting of this graph into your own TradingView chart, just click on the magaphone icon (Share) at the bottom right and click on "Make This Mine" button in the pop-up window.
NASDAQ:TSLAEducation
by nimit.chomnawang
Study of trading considerations in 20190617 EURAUD.In this EURAUD M15 graph before the day closing of Friday 20190614, EasyBee59 counted the bar downward consecutively from -1 to -9. It created a sky-blue snr (support and resistance) line. The Stochastic value during that thime was below 20%. After entering a new day in 20190617 the price actions went sideway in a range of 21.3 pips mostly in the area between the sky-blue snr and yesterday's low level until the close of Sydney around 1 PM Bangkok time. By the open of London session around 2 PM Bangkok time, SMA5 had crossed above and stayed over SMA13. Around 3 PM Bangkok time when Tokyo session ended, a bullish candle closed obviously above the sky-blue snr line with the label cc59 counting of "+1" and "close above high (CAH)" occured. These were considered an onset of a new uptrend. Therefore, a hypothetical buy order could be sent out at the open of the next candle with a take profit target of 50 pips and a stop loss of 16.5 pips. By 8 PM Bangkok time, the target of 50 pips reached near the level of yesterday's high not long after the openning of New York session. The target was met within that day so there was no swap interest issue.
Education
by nimit.chomnawang
PTG11C2003A showed the end of 56% trading the nine investment.20190608 A daily graph of PTG11C2003A showed the end of 56% trading the nine investment. From left to right, a white supply line was drawn between the first two local maximum points. This white line extended to the right like a laser beam shining into the future. The price candles went sideway under this line until the 20190527 bar closed above SMA5 (yellow thin line) and EasyBee59 printed a green "CAH" label on the graph. At the open of 20190528 bar (+2), a buy entry could be sent out. When CC59 counting reached "+9" on 20190607 candle, the position could have been closed at the openning of 20190608 candle to book a 56% return based on "Trading the Nine" strategy. From that moment on, it does not matter how the price would go on it's path. We will keep looking for a new investment opportunity that will surely come.
PEducation
by nimit.chomnawang
20160617 Use of a daily graph with HHHC tool in BTCUSDT trading20160617 historical study: Use of a daily graph with HHHC tool in BTCUSDT trading. In a daily graph of BTCUSDT, the EasyBee59 for TradingView tool marked orange "Max" labels on 20160530 and 20160602 candles. A white supply line could be drawn by linking these two maximum points together. On 20190606, a label "K-Min" appeared below that candle where the stochastic value was below 20%. When the 20190610 candle closed above the SMA5 line in the way that it engulfed the preceeding red candle. This signaled a high possibility for afterward bullish direction. This candle also set both of it's high and close points higher than the high of previous candle. This is called the "Higher High, Higher Close" or "HHHC" condition that set a high possibility that the price would continue in its upward direction.
by nimit.chomnawang
20190115 Trading the "1" in EURUSD M15.Trading in 20190115 EURUSD M15 chart was studied. At the time 02:15 UTC+7 Graph Reader Pro for TradingView counted CC59 downward and completed its required cycle at -9 (but the count continued to -14). At 03:45 CC59 counting changed upward to +1 but next bars could not close above its high point so this +1 bar was then discarded. At 05:00 the forex market started its new day. From this point on, Graph Reader Pro laid 3 white horizontal lines for the opening level of the day in the middle and for opening +- ADR/2 at the top and bottom respectively. It also laid 2 green horizontal lines for the high/low of yesterday at the top and bottom respectively. At 06:00 bar, an alarm with a message of "CC59 = +1" was sent out on the screen, to the email, and to a smart phone. This +1 bar was a long bullish one with a high of 1.14713 USD/EUR. At 06:30 the +3 bar closed at 1.14717 USD/EUR above the high of the +1 bar this was a buy point. After that at 08:30, the price climbed up to 1.14897 USD/EUR during the +11 bar or went up +18 pips in 2 hours. If an investor expect a reasonable profit such as +15 pips, this trade would have been a good one to slowly grow an account.
by nimit.chomnawang
Train your eyes to see this market maker's agenda.20181213 14:45 in EURUSD 15 minute chart London session, cc59 counting gave a "+9" and "rsi>70" labels near the green horizontal line (previous day's high) and the horizontal light blue line (cc59 resistance) making the prices between these lines a "resistance zone". Later on at 20181213 19:45 in New York session, the market makers made a wide range stop hunting in both up and down directions forcing many investors to close their positions with losses. In this stop hunting, the price went up and briefly entered the resistance zone defined earlier. Investors with trained eyes would have seen this price shooting as a good opportunity for a short selling with a target of +50 pips downward. If they missed that moment, there was a second chance for that 45 minutes later. The profit taking target of 50 pips would have been reached within 2 hours. The image below was a snap shot from my Android smart phone that rendered EURUSD chart in TradingView with Graph Reader Pro 4.0 invited-only-script. 2.bp.blogspot.com
Education
by nimit.chomnawang
20181204 19:03 EURUSD M15 finished M-formation targeted 50 pips Since the day opening, EURUSD in M15 TF has been rising until it hit the Friday's High level (dashed upper green line) manually extended from the auto-generated by Graph Reader Pro 4.0 Invited-only-script. On 20181204 19:03 EURUSD M15 finished M-formation around this green line of 1.14000 USD/EUR. The completed M-formation allow a selling opportunity with a price target of at least 50 pips downward. I was driving and just have a chance to post this. The confirmation of SMA3 crosses down SMA13 had already occurred.
Short
by nimit.chomnawang
Second 4% profit of SISB after CC59 counting to -9 has met.Singapore International School of Bangkok (SISB) M15 chart showed CC59 counting from -1 to -9 in the first IPO trading day. The -9 bar told possibility that the price reversal might be near. Some investors who trade the nine entered the market after the long and red stop hunting anchor bar. On the beginning of the second trading day, some big volumes got in causing a price slippage up and giving a nice 4% profit taking. CC59 counting could be done by hand or by a helper like Graph Reader Pro 4.0 for TradingView. Contact me to get invited to use this tool.
SET:SISB
by nimit.chomnawang
SISB Singapore International School of Bangkok 's first IPO day.The Singapore International School of Bangkok (SISB)'s first trading day in the Stock Exchange of Thailand viewed by Graph Reader Pro 4.0 for TradingView in the 15 minute time frame shows continuous decline from the IPO price of 5.20 THB. The CC59 counting in GRP4 shows a series of -1 to -9 numbers and a resistance line at 5.05 THB. This resistance level can be transferred to be used in higher time frame where no other technical indicators such as those RSI and MACD do not give out their first values yet.
SET:SISB
by nimit.chomnawang
Investment in TASC01P1903A derivative warrant with SET:TASCO H1.This educational idea studies an hourly graph of SET:TASCO, a big asphalt refining company in Thailand. The aim of this study is to learn spotting a setup for a new downtrend so that a PUT Derivative Warrant referencing this stock could be entered for short-term investments. With Graph Reader Pro 4.0 for TradingView, many tasks for this study are done automatically. From the left of the chart, CC59 resistance (orange line) and CC59 support (light blue line) are generated by completions of -9 and +9 at 15.50 THB and 15.20 THB respectively. The price goes from between these lines down to below the light blue line to set the first "Min" point. Two bars later, the "MACDSig" label is printed to show that the MACD value is now higher than its own SMA9. This confirms a new uptrend. In addition, a series of positive CC59 counting is started. It is completed with the +9 bar. At this point the new CC59 support line is drawn at 14.90 THB. The price is also now crosses above both original light blue and orange lines. After that a tall bullish "Anchor" bar appears to create an "RSI>70" warning. The highest price of 16.10 THB is marked manually to see whether the price movement could go higher from here. Two bars later, the second "Min" point is printed. A dotted yellow demand line linking both "Min" points is then drawn manually to check for the beginning of a new downtrend. Four bars later the SMA3 line changes its color to red showing that the MACD value is now decreasing. The price bar also closes below the dotted yellow demand line. At 20181018 10:00, the label "MACD<Sig" is printed to confirm a new downtrend. This is an opportunity to buy TASC01P1903A PUT derivative warrant referencing SET:TASCO at the price 0.54 THB. At 20181024 09:00 (six days later), the price of SET:TASCO closes below the new CC59 support line (14.90 THB) while the price of TASC01P1903A PUT derivative warrant hits its previous high. This is a good exit point at 0.64 THB since the return of this investment is already +18.5%. To get invited to use the Graph Reader Pro 4.0 for TradingView, please contact me in the chat box.
SET:TASCOEducation
by nimit.chomnawang
Bullish engulfing in M15 graph of a second day IPO stock SET:OSPJust before the market close in the second trading day in the Stock Exchange of Thailand 20181018, the 15 minute graph of an IPO stock SET:OSP showed a bullish pattern of a pin bar and its engulfing neighbor that triggered a possible new uptrend. The pin bar had the body portion less than 25% and the next bar was a full and long up bar. Both bars can be easily located by the Graph Reader Pro 2.0 for TradingView. To get invited to use this tool, drop me a comment below or in TradingView private chat.
SET:OSP
by nimit.chomnawang