What a tough day to trade Genting SP. From morning till closing, it was just hovering in a tight range. To trade in the minute chart is an art because the noise generated from the buy/sell activity was just enormous. For a while it went up and then seconds later, it dipped again. For one to trade in the minute chart, one has to read the chart in the form of buying zone and search for the zone of strong buying. Today, the minute chart of Genting revealed exactly what a truly challenging buy zone which of course I was able to scalp and made $$ out of it! I wish Genting could have trended higher so that I could book profits at a higher price, however, that's all it has today, 1.13-1.15, no more no less. Whatever it is, $$ in pocket is never wrong. :)
Ronald K -
Market Psychologist -
The Big Speculator
