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Graphreaderpro

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
20181228 Case study of trading the 9 in SET:PLANB weekly graph. With use of Graph Reader Pro 4.0 for TradingView, trading opportunities in a Thai advertising company SET:PLANB are easily spotted in a weekly graph. Price movements of PLANB have been in "Lightning" patterns as shown as green arrow paths in the picture. When the CC59 counting progress up to -9 or +9, price reversals tend to follow. A count to -9 suggests an opportunity to buy PLANB itself or its corresponding CALL derivative warrants (if available in the market). On the other hand, a count to +9 suggests an opportunity to buy PUT derivative warrants referencing PLANB's price (if available in the market).
SET:PLANB
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
20181210 14:47 EURUSD M15 M-formation expecting 40 pips downwardIn the EURUSD M15 chart, CC59 counting in the Graph Reader Pro 4.0 for TradingView generated an oragne resistance line at 1.14229 and a light blue support line at 1.13868. Since today's open at 20181210 05:00, the price climbed up from the CC59 support to above the CC59 resistance. The price went up further until the RSI > 70% and then made an M-formation around the Day's Open + ADR/2 white line. A bearish target price of at least +40 pips downward is expected.
Short
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.
S
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.
S
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
Another idea to find a good timing for buying an IPO stock.I studied a weekly graph of an IPO stock PLNT to find out a good time for long-term buying after its IPO period. The tool used in this studied was a custom indicator "Graph Reader Pro 2.0 for TradingView (GRP2)". In some IPO stock cases such as Facebook, the stock price decline for a long time after IPO. It usually take them 1-3 years after IPO to rally a lot. In their cases, the CC59 counting tool in the GRP2 indicator could be used to generate the CC59 resistance line. The good buying points for long-term investment were the points when the prices can stay above their CC59 resistance lines for the first time. However, in some IPO cases such as in this studied, the price after IPO did not decline enough for the CC59 resistance line to be generated. Alternatively, I considered other tools in the GRP2 which are the Local Max/Min and the SMA5x13. The Local Max/Min compares the high prices of 3 consecutive bars. If the middle bar has the highest high price, a text label "Max" is printed above the middle bar. Similarly, if the middle bar has the lowest low price, a text label "Min" is printed below the middle bar. The SMA5x13 monitors the crossing between simple moving average 5 and 13 lines. It prints a text label "SMA5>13" if the close price results in SMA5 > SMA13. On the other hand, it prints "SMA5<13" if the close price gives SMA5 < SMA13. Both Local Max/Min and SMA5x13 tools can be turned on/off in the GRP2 by the users. Back to the weekly graph of PLNT during its IPO period, If we put a horizontal ray at the high price of the bar with a text label "Max" one by one when each label appears on the graph, we could get the "declining Local Max resistance levels". Once the stock price can break above the lowest Local Max resistance level and the label "SMA5>13, it's a good opportunity to buy the stock. For more information on how to get invited to use the Graph Reader Pro 2.0 Please drop me a comment below or let me know in the TradingView private chat.
NYSE:PLNT
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