Here are the 2 of 7 sacred rules of successful trading to help your paddling.

2. Always Use a Trading Plan

This is an indispensable part of successful trading.

A trading plan is a set of written rules that specifies a trader’s entry, exit and risk management criteria for every trade.

Make sure to test your trading plan.

There are a couple of ways to do this, either run through the charts manually to see how your trading plan worked in the past.

Or find a way to accurately code your trading plan and test it with a back testing software.

I strongly encourage eyeballing the charts, because this trains your eyes to find the setup, and the supercomputer in our skulls might pick up on a characteristic or two which makes the setup work or even work better.

This also helps build experience in “trading” your trading plan, which translates to confidence in order to stick to the trading plan.

“The goal of a successful trader is to make the best trades. Money is secondary.”

– Alexander Elder

Here are the 1 of 7 sacred rules of successful trading to help your paddling.

1) Trading is A Business

The mindset of a successful trader, would be to treat trading like a business.

Be it a full-time or part-time business, this attitude brings the appropriate level of commitment to the growth of the business, even if it doesn’t bring immediate or stable income.

With this mindset, you will be able to keep finding ways to grow your business.

Things like new avenues to do business, increasing efficiency, maximizing profits and minimizing costs.

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K. Tharp

So Friday closing price (Friday) is 0.70 up 0.15 from Thursday closing price @ 0.685, but the high is 0.71 and low is 0.67.

Base on Friday daily chart shown that RSI is ticking upwards from Thursday @ 54.4% ("buy" signal) and Stochastic %K (75%) move upward and cut over the %D (63.8%) ("buy" signal).

Candle Stick show uptrend since 29/06/2020 but the candlestick is still slightly below the 20SMA line but the low price is getting higher's day by day. It's a good sign.

Parabolic shown down-ward for the last 16 trading days. IMO it need 1~2 days to make a reverse uptrend.

So base on my TA analysis on wave analysis, HLT has form a new wave that is W1-3 and at the moment it will be in side-way consolidation mode. Once the Pivot Point @ 0.74 is broken, then the uptrend is confirm and the TP1-1.345, TP2-1.799 & TP3-2.08.

Base on Friday Closing the Resistance Price @ 0.74 & 0.99 and the Support Price @ 0.555 & 0.545. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, HLT started the move on W1-1 @ 0.10 (17/03/20) and move up to 1.01 (02/06/20) and it took +/- 44 trading days and the W1-2 @ 1.01 (02/06/20) and move down to 0.61 (18/06/20) and it took +/- 12 trading days. So I can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it is not for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe". Enjoy your weekend!

If you want your trading profits to soar upwards gracefully, first you need to paddle furiously before the take off.

Here are the 7 sacred rules of successful trading to help your paddling.

The mindset of a successful trader, would be to treat trading like a..

1. Trading is A Business
2. Always Use a Trading Plan
3. Become A Student Of The Markets
4. Leverage on Technology
5. Protect Your Trading Capital
6. Know When NOT To Trade
7. Keep Trading In Perspective

"TO YOUR SUCESS" & "Happy Trading" & "STAY SAFE"

If you want your trading profits to soar upwards gracefully, first you need to paddle furiously before the take off.

Here are the 7 sacred rules of successful trading to help your paddling.

The mindset of a successful trader, would be to treat trading like a..

1. Trading is A Business
2. Always Use a Trading Plan
3. Become A Student Of The Markets
4. Leverage on Technology
5. Protect Your Trading Capital
6. Know When NOT To Trade
7. Keep Trading In Perspective

"TO YOUR SUCESS" & "Happy Trading" & "STAY SAFE"

Hi Guys, Just to-update, base on yesterday daily chart as follows :-

Resistance - R1-1.48 & R2-1.89
Pivot Point - 1.44
Support - R1-1.20 & R2-1.18

At the moment, Careplus has cross over the daily Pivot Point cross over above 20 SMA and most indicators is positive. Happy Trading! (Please refer to my last posting for TP)

Hi Guys, Just to-update, base on yesterday daily chart as follows :-

Resistance - R1-074 & R2-099
Pivot Point - 0.70
Support - 0.545 ~ 0.535

At the moment, HLT has cross over the daily Pivot Point but is still below 20 SMA but most indicators is positive. Happy Trading! (Please refer to my last posting for TP)

@bowman : Good Morning, yesterday was half-year closing for most of the IB and they need to push up to enable to sell later part of the day. FA & TA is still in-tact.

Nice to have a good discussion. Happy Trading & "STAY SAFE"

@YTH888 : I'm happy to know that you made profit and always hope you make more. That is the spirit for investing. Never give up easily. Happy Trading and "STAY SAFE"!

@midzurll19 : It's not like a resistance, once the closing price has surpass the Pivot Point, then we can position our "buy" position and the chance of uptrend is higher than downtrend. That is an indication only.

@paktua73 : Good Morning and "STAY SAFE".

@midzurll19 : Good Morning, Nice to hear from you too. Happy Trading and "STAY SAFE"!

@midzurll19 : A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ... On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.

Hi Guys, Just to-update, base on yesterday daily chart as follows :-

Resistance - 1.48 & 1.80
Pivot Point - 1.47
Support - 1.20 & 1.16

At the moment, Careplus is doing side-way movement, and once it close (today) above 1.47, then we can expect a better day ahead of. Happy Trading! (Please refer to my last posting for TP)

Hi Guys, Just to-update, base on yesterday daily chart as follows :-

Resistance - 0.942 ~ 0.99
Pivot Point - 0.745
Support - 0.545 ~ 0.535

At the moment, HLT is doing side-way movement, and once it close (today) above 0.75, then we can expect a better day ahead of. Happy Trading! (Please refer to my last posting for TP)

I hope the PP @ 1.27 will be pick up by Ansell, than it will be good for Careplus. Happy Trading!

This is intresting :-

Kuala Lumpur, 17 February 2020 – HLT Global Berhad (HLT Global, Bloomberg:
HLT:MK, Reuters: HLTG.KL) (合力科技有限公司) has teamed up with AF Solution Sdn
Bhd (“AF Solution”) and the Inventor of the high density triple former holder assembly,
Mr Saravana Kumar Narayana (“Inventor”) to offer the latest game changing glove
dipping line technology to the industry.
To formalise the collaboration, HLT Global’s wholly owned subsidiary HL Advance
Technologies (M) Sdn Bhd (“HL Technologies”) has today signed a Patent License
Agreement with AF Solution and the Inventor. The Patent Licence Agreement grants
exclusive rights to HL Technologies to market and use the triple former holder
technology.
With this collaboration, HL Technologies will likely be the first glove-dipping line maker
to introduce the high density triple former holder assembly to the market, which is the
latest glove-dipping line manufacturing technology upon commercialisation.
Currently, the glove manufacturers are commonly either using single or double former
glove-dipping line technology for glove productions.
The Inventor has been in the glove industry for 30 years in the area of production and
engineering. The Inventor was also involved in the initial commercialisation of double
former technology in 2010 and has subsequently embarked on the high density triple
former holder technology in 2017.
AF Solution Sdn Bhd is principally involved in the provision of maintenance work for
machinery in the glove industry too.
HL Technologies will commission a prototype glove-dipping line using the high density
triple former holder assembly technology to test the triple former glove dipping line
commercial and technical viability. HL Technologies hopes to achieve
commercialisation of the latest cutting edge triple former glove dipping line within 6
to 12 months.
Glove manufacturers have the option to build a brand new line or upgrade their
existing glove-dipping lines from double to triple former assembly. An upgrade from
double to triple former glove-dipping line would save the glove manufacturers from
incurring substantial capital expenditure costs such as purchase of land & construction
of buildings.
With the usage of high density triple former holder assembly, we anticipate production
output to be increased by between 30% to 50% compared with the double former
line. Operational costs such as energy costs could potentially be reduced by between
20% to 30%.
Importantly, the high density triple former holder assembly could potentially reduce
total capital expenditure for new investments by between 20% to 30%.
AF Solution has filed patents in Malaysia, Thailand, Indonesia, Vietnam, China and an
international patent application under the Patent Cooperation Treaty (PCT) for the
high density triple former holder assembly and is currently awaiting approval from
them. Such patent applications cover almost all glove manufacturers in the world.

So Friday closing price is 1.41 up 0.14 from Thursday closing price @ 1.27, but the high is 1.41 and low is 1.24.

Base on Friday daily chart shown that RSI is in neutral position but tick downward from Thursday @ +/-51.5% (not yet "buy" signal) and Stochastic %K move upward and cut over the %D @ +/-33.8% ("buy" signal).

Candle Stick show a bullish engulfing pattern ("Buy" signal) and it cut over the 20SMA line.

Parabolic shown down-ward for the last 6 trading days.

So base on my TA analysis on wave analysis, Careplus has form a new wave that is W1-3 since 03/06/2020 but in side-way consolidation mode (final wave for W1-3-5) and at the moment it will still be in side-way consolidation mode until the Pivot Point @ 1.47 is broken, then the uptrend is confirm and the TP1-2.22, TP2-2.918 & TP3-3.35.

At the moment the Resistance Price @ 1.80 & 1.89 and the Support Price @ 1.25 & 1.18. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, Careplus started the move on W1-1 @ 0.15 (17/03/20) and move up to 1.89 (02/06/20) and it took +/- 52 trading days and the W1-2 @ 1.89 (02/06/20) and move down to 1.17 (18/06/20) (even though the price done @ 1.09 on 03/06/20 that is the time the smaller wave of W1-3-5 is form) and it took +/- 12 trading days. So I can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it's not advisable for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe". Enjoy your weekend!

So yesterday closing price (Friday) is 0.685 up 0.05 from Thursday closing price @ 0.635, but the high is 0.685 and low is 0.625.

Base on Friday daily chart shown that RSI is in neutral position but tick upwards from Thursday @ 53.5% ("buy" signal) and Stochastic %K move upward but did not cut over the %D (not yet "buy" signal).

Candle Stick show a bullish engulfing pattern ("Buy" signal) but the candlestick is slightly below the 20SMA line.

Parabolic shown down-ward for the last 6 trading days.

So base on my TA analysis on wave analysis, HLT has form a new wave that is W1-3 and at the moment it will be in side-way consolidation mode. One the Pivot Point @ 0.75 is broken, then the uptrend is confirm and the TP1-1.345, TP2-1.799 & TP3-2.08.

At the moment the Resistance Price @ 0.99 & 1.01 and the Support Price @ 0.545 & 0.535. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, HLT started the move on W1-1 @ 0.10 (17/03/20) and move up to 1.01 (02/06/20) and it took +/- 44 trading days and the W1-2 @ 1.01 (02/06/20) and move down to 0.61 (18/06/20) and it took +/- 12 trading days. So I can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it is not for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

For your info, I am not a sifu's, day-trader's or speculator's and I don't operate as a group, I'm like all of you who love to invest in shares (I also do some Forex Trading) and I have learn to use TA as a tools for nearly 35 years.

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe". Enjoy your weekend!

@Kokweing: I will only do my daily chart analysis base on today closing price. Let see how it go. Happy Trading!

For those who are weak holder's, key-in your sell order at seller's price, the big boy's is hungry and they will come for you. Happy Trading!

@midzurll19: For those who has share in hand, they will sell first and buy back later if the price drop. So we can classified them as IDSS instead as contra player's.

The big boy's is hungry to buy at the price.

The week holder's and IDSS are feeding the big boy's. Look at the movement. If today show a green candlestick, then it will be good for next week. Happy Trading!

@midzurll19 & @bowman : The doji (red) pattern that formed on yesterday daily chart is definitely a cause of concern for the upward price movement but luckily it is inside the body of the previously candlestick, if it's below the previously candlestick, then it might be a graveyard doji. So at the moment, the price might be in side-way consolidation mode.

RSI is ticking upward and that is a good sign.
Stochastic %K is ticking upward but did not cross over the %D, is not confirm signal yet.
CCI ticking upwards, is a good sign.

In my opinion, the price need to cross over the Pivot Point @ 0.752 to move upward, and the next Resistance @ 0.958 and any downtrend the Support @0.66 & 0.545

Lately, our KLSE is mostly dominate by retail player's and most of the fund are staying at the side line watching, and it also happen in Dow Jones since last week. We might be also mindful of the external news flow that might affect the movement of price upward or downward.

Happy Trading!

Hi Guys, I also believe that the downtrend wave 1-3-5-2 is over base on today price movement at this point, and if today close above the Pivot Point @ 0.74, that I believe that a new wave has started. Like I said, my analysis is base on daily closing price.Happy Trading!

Manage to collect @0.68 & 0.685. Thanks.

Good for those who are waiting below @0.70. Happy Trading!

@paktua73: I will also buy @ below 0.70, and I'm prepare to wait for 6 months and beyond. Happy Trading!

@diuleiloumei : Careplus is on side-way correction node (+/- 5 pips) but closing price should be up. Most of the indicators are neutral. If the closing price close above +1.69, then we can see the light at the end of the tunnel. TP1-+2.17, TP2-+2.69. That is my opinion. Happy Trading!

Last Call, buy and come back 1~2 weeks time.Happy Trading!

Buy and keep for 1~2 weeks. Happy Trading!

@YTH888:Actually, you can learn it and get all the info from online. The easy way is to subscribe to online chart platform and from there, use candle-stick as your chart and after that insert all the indicator's (your want) that offer by the platform. Difference person use difference indicator's, some use RSI or Stochastic or candlestick and etc to apply to the movement of the chart.

But also you must remember, difference stock's have difference behaviour to apply, not all the stock's have the same pattern.

As for me, 1 use candlestick to calculate the Fibonacci Ratio to calculate the wave to determine the TP and SP, and I also using RSI, Stochastic, CCI, Moving Averages, Pivot Point and Bollinger Band to confirm any stock's that give me the signal to "Buy". All indicators must confirm at all times. If one indicators is not giving me the signal, then I will not "buy"

You can actually, google on the internet to learn all the indicator's and candelstick. I hope it will help you on your investment.

@Kokweing:Based on the daily chart and indicators, K1 is on side-way correction downward.
Candlestick is showing a downtrend, RSI below 70% (downtrend), Stochastic %K cut over %D below 80% (down-trend).
Watch out @ 0.48, if it fall down below the Pivot-Point , then the S1-0.368 & S2-0.242. That is my opinion. For your info, i did not own any share at this moment. May later.! Good Night.

@YTH888: Please don't blame all the TA analysis who try to provide the input, so that weather the newbie's or old timer's, we try to make profit together. Like me, I have provide my analysis (Counter:Careplus) base on daily charts and other indicators to provide Target Price and Support level to the forumer's for better understanding on the "enter" and "exit point, so that they will made profit.

For eg : HLT "enter" price @ 0.395 (19/05/2020) move up to 1.01 (02/06/2020) but the TP1-078 & TP2-1.01 is already acheived the target, but unfortunately, the margin call from the bank the following days, but technically we should exit the market between 0.78~1.01 price range.

For TA point of view, we view it as opportunity because the price drop down to 0.545 (03/06/2020), but my calculation for the support is 0.70, so it goes below the support price is the time to pick up the stock (the more it drop, the higher it will go up), so my TP1-1.01, TP2-1.30 and TP3-1.48.

I'm a holder of this stock, still holding until at least hit my TP2.

We cannot beat the IB and the big boy's, there are the one moving up and down the prices, but remember, they are also TA to play but not FA.

Hi Guy's, If today closing price +1.69, next week, we can see the uptrend to TP +2.69. At the moment, it look like the big boy's is doing horse trading themselves. See you guy's next week. Happy Trading!

@alipay: now in new wave (1-3-5-3) that i have posted yesterday and the TP-2.17. That is my own opinion. Happy Trading!

If today closing price stay above 1.30, then we can see the light at the end of the tunnel. Happy Trading!

@gnath_77: it's a good price to "enter" if you buy for short-to-medium term. i don't think can drop any further then t 1.20. That my opinion. Happy Trading!

@comrade88: just buy and keep! you will never regret.

You can't get this price later in the afternoon session.

Selling has slow down.

New Wave has started after it touch the Support @ 1.29 and when down all the way down to 1.20 and bounch back and looking forward to my TP2-2.17. Happy Trading!

For those of you guy's have investment in HLT, if the pivot point of 0.802 is broken, then the price will go down to S1-0.718, S2-0552. Just for info only. Happy Trading!

It will take 1 ~ 2 days to settle down.

@Ismylife73: Start W1-3-5-2. Downtrend. That my opinion.

@gnath_77 : I also apply the same type of indicators to trade FOREX.

@gnath_77 & luigee : Yes I'm using Elliot Wave and I'm also using other indicators like CCI, RSI, Stochastic, Pivot Point and Bollinger Band to determine my entry point. Happy Trading!

Mostly, target gloves counter.

Hi Guys, margin call, be careful. Happy Trading!

Hi Guys, As a word of advice, if today close below 1.68, then W1-3-5-1 is over. Wait for it to pull back to 1.29 ~ 1.35 level to "enter". That is my opinion. Happy Trading!