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2014-06-02 11:51 | Report Abuse
Tks alot Matrixcool for yr explanation on S & R.
2014-05-30 19:13 | Report Abuse
Hi TCB,
I am trying to understand S&R:
On Support -
1) when share retraces and it stops at the 'floor' a few times; that's the support
2) if many times it touches the price, it means it is a strong support
3) I am aware that the strength of the support depends on the number of times it touches the lvl but does the length of candlestick body determine how strong the support is also?
4) Do we hv to look at Volume to determine support?
5) Do we consider the tail or only body of candle?
On Resistance -
1) when share shoots up and hits 'ceiling' and retraces; that the resistance
2) to 5) - same as above
You mentioned before to concentrate on the impt candlesticks - may i know what are the impt candlesticks besides shooting star/dragonfly doji/3 blk crows/engulfing candlesticks?
Thank you.
2014-05-29 14:57 | Report Abuse
Profitman, tks for XDL analysis. Trying to understand Resistance.. would 24.5 be considered a Resistance too, Profitman?
Seph.. will take yr advice and hope wont go to Holland with XDL. Will bail out if drops somemore.
2014-05-29 14:48 | Report Abuse
Tks Matrixcool, can teach me on S & R.. K1 Resistance - is it at 0.385 & 0.405 & Support 0.36 & 0.34? Hope i am not bothering you too much :).
2014-05-29 08:35 | Report Abuse
Gd morning Matrixcool/Profitman/Yoda, thanks for all yr analysis. Happy Trading. I will be out whole morning so cant view mkt... happy trading!!
2014-05-28 22:56 | Report Abuse
Matrixcool/Profitman, would you consider LBAlum hammer very bullish. Is there any other indicator (Vol etc etc) to look at? Am aware that need confirmation (with volume?) tomorrow. Tks
2014-05-28 22:44 | Report Abuse
Hi, this will be my first attempt to learn something.. it will be slow and thank you for allowing me this opportunity to learn here. For K1, would you still consider the candlestick a dragonfly doji (bullish) even though it wasnt a 'perfect' downtrend. RSI seems going up and Stoc is oversold. Does volume matters in dragonfly doji? Tks.
2014-05-28 22:22 | Report Abuse
Thank you very much Matrixcool and Profitman for yr analysis on my counters.
2014-05-28 13:13 | Report Abuse
Hi Profitman, tks for yr response. Checked on IV .. it is 4.40. Guess i would have to keep it for a while since too heavy to cut loss :).
2014-05-28 08:24 | Report Abuse
Hi Sifus, this is my first time posting in TCB (2nd time in i3)... Matrixcool had given me 'courage' to post. In the past i dare not cos' i cant contribute at all. Wanna learn actually but rather confused with so many things to look at and find candlesticks confusing but hopefully i will post more so i can learn in the process. Meantime, can someone advise me on the flwg shares i am holding 1) Affin (bot 4.26) Daya (0.40) GPkt (0.535) Inari-w (2.44) LBAlum (0.765) Tgoff-W (0.345) UEM (2.69) Tiger (0.38) and XDL (0.35). Take yr tme as i know there are too many counters here....apologise :). Tks.
2014-05-09 17:33 | Report Abuse
Sifu Newman, i also wanted to say that i noticed both you and Mike Kong are very alike in temperament and you guys are cool gentlemen. I did also wonder whet you are Mike Kong using a new name initially... hmmm...
2014-05-09 17:25 | Report Abuse
Sifu newman, i guess u didnt recd my msg when i replied yr mail to me (service@i3investor.com). Snippet of it is... thank you so very much for considering/adding me in yr list.. i really do appreciate yr kindness. Hv a good holiday and hope to see you in Whats App or Telegram.
TECHNICAL CODE BREAKER @TCB
2014-06-20 08:31 | Report Abuse
Gd morning TCB, what do u think of SKPetro & Dsonic? Tks.