Welcome to my trading journal! A place where I share my Psychology, Money Management & Trading system on trading shares in the Singapore Stock Market. Fellow shares enthusiasts are welcomed to share thoughts too. I hope my posts will be educational to you in your quest to growmoney. I can be reached at eehwa.ng@gmail.com outside of the blog.
Thursday, December 28, 2006
Last Trading Day of 2006
I think throughout the year, I have sent only a couple of message to my yahoo group. It began in January where I pre-empted the move of property and banks correctly, then when market crashed in May, I highlighted ship repair sector to watch and a possible rebound in stock market in July and the latest message was to buy on weakness in the week leading to the last week of 2006. I am glad I have been helpful in your quest to GROW MONEY!
2006 will also be remembered for my venture into public speaking and training for Technical Analysis. Thank you to all those who have attended my courses or workshops and I look forward to meeting the hundreds of you again in 2007! Huat arh!
It's a pity that I couldn't be online to share my analysis over the last week, my girl was hospitalised with suspected dengue fever and i have to step up to take care of her. For those who have sent your regards via email, a big thank you. : ) Great news, her blood palletes rebounded and today formed a bullish reversal pattern! keke Her fever is hitting into resistance and anytime will reverse into a downtrend and then can be discharged liao!! : )
This week was suppose to be a great chance to make money but alas I have to give it up. No regrets though... read on. Wealth or Health, which should come first? I believe everything happens for a reason in life. If I haven't lost heavily in the market before, I will definitely not appreciate how to be patient and learn the right way to trade. Destiny wants me to spend the last week of the year in hospital and miss trading for a reason, to witness the suffering of the many patients warded. It reminded me that money is not everything. If you do not have the health to enjoy the wealth, you will spend the wealth to mend the health.
Decipher would like to take this chance to wish everyone a healthy and bountiful 2007 ahead!
Happy New Year Folks!
Yours sincerely,
Decipher
P.S For those interested to spend a Saturday with me, reserve your seat at www.chartnexus.com/events
Year End Open Positions:
Cosco Corp
Tat Hong
ChinaSky
MediaRing
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Wednesday, December 20, 2006
Market got Thai *Hokkien
I sold my HSI CW which i caught last Friday. In theory, after a breakout of it's 19.1k resistance, there should be a pull back. Hence I took my profit and waited for the pull back. It came, but the pull back was hard and fast and sharp! This is news induced and hence theory was thrown out of the window. Instead, I related the incident to that of the Thailand Coup earlier in the year. I went with my view of a market knee jerk reaction and bought another HSI CW. I haven't sold yet as I see 19.4k possible target. Global markets are recovering from the Thai cock up and I think after the flushing, now we have buyers ready to step in after cutting loss.
I am still not aggressive on stocks as i think most of them are in trading range. However my eyes are on window dressing next week. Friday should pick up 1 or 2 more.
Current Holdings:
Cosco
ChinaSky
MediaRing
Tat Lui
HSICW
OCBC CW
GrowMoney QuickPicks
CDL Reits
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Sunday, December 17, 2006
Good CPI, Good PPI too?
I have gotten a HSI CW on Friday after cutting loss on my STI PW. Also for the rest of the week, my strategy will be to buy on down days for the Capricon Effect.
I have good news! GrowMoney group has the most members in the yahoo investment and trading groups! Our community has indeed grew alot of the past year. I hope as the moderator, I had served you well. : ) Cheers!
And for those who missed my last Technical Analysis Class, mark your calendar, I will be kick starting ChartNexus series of courses and workshops with Cracking the Stock Market Code.....6th Intake! Information can be obtained at www.chartnexus.com/events
GrowMoney Quickpicks
OCBC
Powered by XPertTrader
HSI Chart:

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Thursday, December 14, 2006
Red Bull
I am still wary of a sudden correction and hence am not too aggressive in my buying. Prefering to watch my position closely.
For those interested to learn Technical Analysis, please register here >>> www.chartnexus.com/events It's the last event of the year! Freebies like XPertTrader subscribtions up for grabs!
My Holdings:
Cosco Corp
ChinaSky
Tat Lui
MediaRing
STI-PW
GrowMoney QuickPick
Enviro-Hub
RafflesEdu
Powered by XPertTrader
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Tuesday, December 12, 2006
STI loses steam
Some of the china plays are badly hit. HSI is showing weakness as it is unable to close above 19k after numerous attempts.
GrowMoney QuickPicks
Bayan Trees
SunTec Reits
Charts Gallery




DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Wednesday, December 06, 2006
The bad signs
No quickpick for tonight as I am not looking to buy any stocks tomorrow.
My holdings:
Cosco
Lao Hong
DBS PW
STI PW
ChartNexus's Cracking the Stock Market Code is enrolling it's 5th intake! It's affordably priced for those keen in learning the tricks in Trading from OCBC Analyst Ritesh Menon. Details can be found here >>> www.chartnexus.com/events
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Tuesday, December 05, 2006
STI to break new high?
Last week I managed to scalp HSI PW 2 times. It was suppose to be a hedge for my Lao Hong and Cosco. But in the end, my stocks went up and I still profit from HSI PWs... Happy Irony! hahaha
GrowMoney QuickPicks
FJ Benjamin
FerroChina
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Monday, November 27, 2006
What goes up, must come down
I'll not be looking to add stocks. Instead, after selling my 2 shares, I have funds to fund my futures trading account! keke I reckon that should the market corrects from here, shorting the index will be a good way to make money. :P
I am happy to announce there are now only 4 seats left for my Saturday's class!! I have prepared practise charts that will help you understand the theories better or better still, ask me directly and save all the typings. haha
Lai lai Interested party please register at www.chartnexus.com/events choose the 2nd December 2006 class where I am the trainer hor.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Thursday, November 23, 2006
Up, up and away!
I followed a rule my shifu always shared with me, "Sell on the way up". I did so and cleared 3 positions namely Gallant bought 0.920 sold 0.975, JiuTian bought 0.950 sold 0.995 & ChinaDairy bought 0.560 sold 0.565 thus pocketing a very decent profit. All 3 showed signs of weakness and after 2 days of spectacular rise, it makes sense to take profit first. This is consistent to what I have done back in October when STI reached new high. Remember, no one can sell at the exact top. I will never forget the pain I went through during my early days of trading where gains were wiped out as I stubbornly held on thinking every counter I bought will sheng sheng sheng non-stop....how naive i was.
Now, can you do poor old Decipher a favour? If you find my blog entertaining, useful and educational, may I ask you to forward my web address to your friends who might be interested. I aspire to be a leading local trading website providing value to visitors and I can't achieve this alone. Let us tua tua huat together! Huat arh!
My Holdings:
Cosco Corp @ 1.31
Midas @ 1.02
Sembkim @ 0.650
TatHong @ 1.17
GrowMoney QuickPicks
Longcheer
*Powered by XPertTrader
As it's my last article for the week, I would like to invite you to spend a Saturday with me on the 2nd of December 2006. Details as follow, or you can click on this link www.chartnexus.com/events

Wednesday, November 22, 2006
Mad Bull Rally

SembKim: No waves without wind. The heavy volume hinted something must be brewing. ADX still has room to expand, MacD has crossed over, price will be back into the Triangle as depicted.
Very high chance to see a breakout of the resistance line. Today it had a gap up, breakaway gap. Let's see what this gap develops as. It will be nice if price heads back up and trade along the trendline. But i'm also wary of the big gap.
Today is a day where everything went well for me. Most of my holdings extended their gains. Just last week, I was complaining about my stocks not moving and how I saw the stocks took turn to rally. I was right. This week, I found 4 of my stocks in deep profits. What a change of fortune.
GrowMoney QuickPicks
CoscoCorp
YanLord
*Powered by XPertTrader
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Chart on Tat Hong aka Lao Hong

Lao Hong (Originally known as TatHong): Resistance now stood at 1.10 which is the 100D MA. 1.03 will be my 61.8% Fibbo Retracement. Apart from that i'm still surprise why the selling in Tat Hong. The heavy volume is key to note. I will be looking at how it tests it's support and resistance levels. Also to count candles + Volume. By the way, I shall now call Tat Hong, Lao Hong in my blog.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Monday, November 20, 2006
Market Pull Back!
Market has begun to retrace, it will be a very strong bull should we see strong buying tomorrow. Otherwise, I will be watching for a bottom to form itself. Should market continues to pull back, remember to watch all the good stocks that you have failed to pick up because they ran away too high too fast.
No quickpicks tonight as market direction is unclear for now.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Friday, November 17, 2006
Nikkei Acting as anticipated
GrowMoney QuickPicks
Brightworld
ChinaDiary
UIC
*Powered by XPertTrader
XPertTrader Subscriber, MacD Histogram rule coming your way on Sunday! We will upload into XPertTrader Library for you to download and start using! Time to salivate! :D For visitors who are not yet a subscribers and wish to find out more, we welcome you to visit us on 21st Nov at our XPertTrader Workshop! Details can be found at www.chartnexus.com/events . Book your seats early as seats are limited. See you there!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Wednesday, November 15, 2006
STI 2800 . Comes sooner than later?
After many weeks of inactivity, my account roared back to life! Just as I guessed, they are really rotating one by one, taking turn to rally. Didn't add anything today as I am cash strapped and waiting to pounce on index warrants.
GrowMoney Quickpicks
Jiutian
Sunshine
Cracking the Stock Market Code is now open for it's 4th intake! Details as can be found at the following URL : http://www.chartnexus.com/events/more_details.php?eid=128 . This time round, I'm the trainer! If you have been following my blog and would like to spend a Saturday with me, see you there! : )
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Tuesday, November 14, 2006
Nikkei Springs back!
As for stocks, today was a great day. But not for me. My stocks practically stood little changed and a little into red territory. I do not like this feeling. But then again, feeling shouldn't interfere with trading. I ought to stick to the support levels i defined.
GrowMoney QuickPicks
CNA
Swissco
Hi-p
Midas
OCBC
ChipEngSeng
*Powered by XPertTrader
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Monday, November 13, 2006
Nasty Surprise from Celestial
Anyway, I have cut a number of stocks, Chinasun, MediaRing and Synear. Yes, Synear. Bloody hell!!! Today went up. It goes to show last week sell down was "man made". Tricky!
Current holdings:
Gallant @ 0.920
SembKim @ 0.650
ChinaDairy @ 0.560
Cosco @ 1.31
Midas @ 1.02
Tat Hong @ 1.17
2 stocks i am looking at tomorrow:
Longcheer
SinoEnv
Weak pullback with volume will be perfect entry for me. Otherwise, a quiet open may be another good opportunity to enter.
Indices wise, I am looking at Nikkei for a chance to play long. The strong rebound today caught my eyes. As soon as there is bottoming action, i shall long a strike at 16,000.
Due to my commitments at ChartNexus, I am preparing for more XPertTrader workshops and my own Technica Analysis Classes in December'06. Over the weekend, I had been doing lots of backtesting on strategies for the time period from 1996 to 2006...10 years. I would say this backtesting really made me learn lots of things as i analysed all the charts to confirm the results. If you need such a backtesting tool, do not hesistate to visit www.chartnexus.com or you can ask me in the shoutbox or drop me an email, I will be glad to help. Better still, comes join us at one of our free workshops. See you there!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Thursday, November 09, 2006
STI climbs higher despite profit takings
My strategy for the current market will be 隔岸观火, "Observing the fire from the other side of the river". I have shortlisted 2 stocks to watch tomorrow, F&N and Gallant.
Ladies and gentlemen, let me introduce you to a system i developed using the MacD Histogram. The results from backtesting is more than encouraging! As soon as i finalise the testing, I shall load it up to XPertTrader Library.
We still have about 3 seats left for the Technical Analysis course titled, "Cracking the Stock Market Code". If you have not signed up for the course, please do not forget to do so! See you there!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Monday, November 06, 2006
Eat Pig, Pay Dog
HSI went crazy and barged into new highs! With US under pressure on Friday, I thought today's going to be a goner, but to my pleasant surprise... Ah Gu is back! Especially China Stocks, i have been noticing them, they seems like taking turn to rally.
By the way, those who are not in my growmoney yahoo group, quickpicks are back!!! As of Sunday, I'm going to start sending quickpicks to my yahoo group. Here in this blog, I will continue to share my observations on the market. But i will still declare when I buy in the shoutbox wherever possible. Like today, I was at HDB hub for their walk in selection....no time to get online. But I bought my quickpicks. :D Not making money yet hor.... !@#!@#!@ they bo cheong...nevermind, maybe tomorrow! :D
Haiyo!!! Longcheer why cheong so fast!!! I not enough money to buy leh!! ChinaSky wait for a few more days will die isit??? Really is pui ah! This few weeks has been a "eat pig pay dog" for me. Nothing fantastic so far except profits in Cosco is swelling up. :D
XPertTrader has released a screen rule on MacD Histogram!!! Yeah!! I have been bugging them for it and my Christmas present came 1 month earlier! hahaha For those who are still not familiar with MacD Histogram, you should check out this indicator, it's my favourite trend reversal reading indicator!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
Friday, November 03, 2006
Cracking the Stock Market Code - 3rd Intake
Cracking the Stock Market Code
Building your First Trading Strategies (Intake 3)
Time: 9.30am-4.30pm
Fee: SGD180 *Enjoy a discounted price of SGD 162 for more than 1 seat booked.
Venue: BayView Hotel, 30 Bencoolen Street, Singapore 189621
Presenter: Ritesh Menon COURSE OUTLINE
Intoduction to Technical Analysis
The course will kickstart with an introduction to Technical Analysis and understanding the psychology behind it.
How to identify Trends
We will first learn how to identify trends. Trend is your friend! Learn how to identify and draw a stock's trendline and learn to trade along with the trend
Support & Resistance
The core of technical analysis! No trader can ignore this basic but yet often times forgotten concept. Learn to identify all the support and resistance levels on a chart. Entries without knowing where the support or resistance are risky.
Price Gaps & Volume Analysis
Learn to identify the different types of Gaps and how you can trade them. The importance of volume in analysing the charts will be taught throughout the course.
Moving Averages
Learn one of the most popular trend indicator and how to determine entries & stops using moving averages.
Strategies include price crossover with Moving Average and Moving Averages crossover. Do you also know moving average can be used as a support and resistance?
Candlestick Reversal Patterns
Stock price goes up and down the chart every day. We will show you how to identify these turning points of a trend through Candlestick Reversal Patterns
Relative Strength Index (RSI) Indicator & MacD Indicator
Learn how to make use of these 2 indicators to identify entries and stops. They can also be used to identify Bullish or Bearish Divergence which signifies major turns on the charts. A must know for indicator study!
How to determine market direction
Knowing where the general market is heading gives you the edge in trading. You will be able to avoid buying high and selling low.
How to identify the start of Rotational Play
We have seen how sectors in the market rallies one after another in what the industry call rotational play. Learn how to identify which sector is in play and how to identify the laggard sector!
How to select the right stock
Ever wonder why are your holdings not in the top gainers list? Why did you miss out the big runner and bought a stock that refuses to rally during a bull phase? We will show you how to select the right stock out of the hundreds listed
Money Management & Trading Discipline
No trading system is complete without Money Management and Trading discipline. This section will complete the formula by sharing how to manage your money and be a disciplined trader
A 4-step approach to identify the next profitable trade
For more information about the above course please visit: http://www.chartnexus.com/events
Wednesday, November 01, 2006
Within a stone throw away from record high
Current Holdings:
ChinaDairy @ 0.560
MediaRing @ 0.360
SembKim @ 0.655
CoscoCorp @ 1.31
TatHong @ 1.17
Midas is a stock i will be looking at. Breakout of $1 with volume caught on my stock screener.
We had a flush on last Friday and Monday. Last 2 days of actions showed that buyers are still willing to step into the market. Gosh! Why the bullishness? We easily closed the gap down on Monday. This gap should now act as a support level for any pullback. Or should we go down tomorrow, this gap will be a resistance. Property sprung to life. This is 3 days after I took profit on my Capitaland. Damn!!! haha Overall, we are seeing buying accross the board which shows strength.
Dow Jones could be supported at the highs because of the elections next tuesday. Can you believe it?? At the point of writting, Dowjones is up 40 points! Another good run tomorrow? I'm just glad I still have stocks in hand and has stayed clear of my shorts. Cheers!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.