It has been almost 30 trading days since our last analysis on BHI. It had become very unfortunate for us if we bought position and trade based on our forecast. The chart above is our latest stock chart reading for Boulevard Holdings.
Lesson: We'll never predict her as she is like a woman having PMS (pre/post menstrual syndrome). We can only use her. : )
I attended the 1st StockMarket Pilipinas event last May 19. (Click on the link to see the video) It was really great! The lectures were all very informative as it added stuffs to our trading system. I also enjoyed meeting and interacting with other SMP traders in real life. Special mention to m co-wavers scorpion888 and madsjmd. Ofcourse, the food was great and well served!
The event was comprised of speakers from PSE, Nieves, COLFinancial and "The Spyfrat of Spyfrat's Call". What I brought home for my trading system is the idea of peso cost averaging from COL and fortification of Spyfrat's trading system to tandem with Neo Elliot wave.
- COL's Peso Cost Averaging
- Trading The Spyfrat System
The time frame for each trade on my new system can be 1month-6months because I find it more profitable to trade in long term vs trading in short term as based in comparing the two. (Visit the link.)
Though there are situations that I am urged to trade in short term (daytrade to 3days). I find it very expensive as of now. I believe it requires years of experience.. and connections?
Nevertheless, Since I will trade for the next 20-50years. My current long term trading system will serve me profitable for the mean time.
Oh! For BHI, I would suggest to watch.
Based on Elliot wave pattern, it is suggesting an ending of a downtrend pattern. We may buy now (below .14 cutloss at .1370) but there is still a risk. A risk in time and losing the opportunity to trade other running horses.
To hit a good timing, I suggest you to watch the RSI bounce for a possible bullish divergence. The price may hold at .14. If it bounce with considerable volume and breach the trendline at .1480, it confirms a new trend possibly to .1650. That is ~15% profit.
Would I trade BHI? Not yet.
