6th FEB 2014

# The market is a nonlinear function and not a classical linear function, that is why 90% of traders, using technical analysis lose consistently. TA is based on the assumption that the future will be like the past, and use linear techniques for analysis.# --That is why I always said TA can only use a guide for entry/exit, a proper plan is the only way to make $$$ in the stock market.

BREM-- AV Price=$2.00 after scale in (Closing=$2.18, P&L=+11.2 %), Trailing Stop=$2.10. Risk= 0 %. Tp1=$2.08, TP2=$2.20, TP3=$2.27. (Exp Trading Range $2.14 to $2.27).
Note: BREM hit and break above my TP1 of $2.08 which I “Scale In” another 50% shares at $2.09, now my Av price has increased to $2.00.If break above $2.20 it is expected to test next resistance at $2.27 and final TP of $2.36(Its previous high).I have changed the Stop Loss to Trailing Stop at $2.10 to protect my profits.I may also sell into strength as return of more than 10% for such a short period is very satisfying.

I am monitoring FRB as it formed a ‘morning Star” pattern on the candlestick chart.

TAS-- RSI and Price are forming Bullish Divergence, the downward momentum is also slowing down, more upward movement can be expected soon.

Happy Trading..

Issue 7--You are welcome, please remember TA is only a guide and is not 100% works according to our interpretation.

Vivi Yap, for Padini it just broke below the support of $1.63 indicating maybe stage 4 of the cycle is not over yet. It sets a new low of $1.58 two days ago, but whether this is the new bottom yet to be proven. The downward momentum has slowed down lately, so any rebound may find immediate resistance at $1.63 and strong resistance at $1.70. From your comment that the price is attractive at this level I presume you may want to bottom fishing. If so, be very cautious and set the Exit level below $1.58.

Sephiroth, INSAS tested $0.765 and hold, now it is rebounding towards $0.86 and strong resistance at $0.89 (Downtrend resistance line).

Happy Trading...

sephiroth, INSAS is still bearish (So many counties have turned bearish after recent drop), but it manages to hold above $0.765 which is a good sign. It will start stage 4 of the cycle if $0.765 is broken. Now it is on technical rebound with immediate resistance at $0.825/$0.86. Very strong resistance is at $0.89 which is also its downtrend resistance line. If this level is broken with volumes the counter will turn to be very Bullish.

I am also looking at FRB today, some more rebound looks like on the way..

Happy trading..

Brem hit and break above my TP1 of $2.08,next resistance is at $2.14, if break may try my TP2 of $2.20.

Happy Trading..

5th Jan 2014

# MONEY—What really is this thing that we keep spending our lives trying to get more of it? I met an older runner from Penang at Chiangmai Marathon and he told me he thought” he makes money his whole life, but now realized the money had made his whole life” (In Hokien).#

1) BREM-- AV Price=$1. 96 (Closing=$2.03, P&L=+3.7 %), Stop Loss=$1.86. Risk= -5.1%. Tp1=$2.08, TP2=$2.20. (Exp Trading Range $1.98 to $2.08).
Note:Bought in BREM today with average price of $1.96. The downward momentum has slowed down so more rebound could be expected towards the immediate resistance at $2.08. If break above with volume should try next TP of $2.20. Immediate support is at $1.96 and a break below $1.95 implied weakness.

2) HEVEA -- AV Price=$1.05 (Closing=$1.07, P&L=+2 %), Stop Loss=$1.00. Risk= -5.%. Tp1=$1.20, TP2=$2.39. (Exp Trading Range $1.03 to $1.10).
Note:Re enter HEVEA today after the support of $1.01 holds, the momentum is still downward but like support $1.01 tested and hold . A break above the $1.10 signal breakout from its downtrend channel, I will Scale in more shares. Strong resistance is at $1.20(Dark cloud formed on 23/01) which is also the neckline for the double bottom breakout.

I am holding 7 counters now so won't be monitoring any stock at the moment. EIG looks good for more upward movement.

Happy Trading...

ISY7, chart for IRIS..

IRIS—After hitting a high of $0.47 on 15/01 ( formed an inverted hammer on top) imply some pull back, which it did and consolidated to the low of $0.37. The consolidation looks over, the downward momentum has slowed down. And if $0.37 stays, it is expected to move back to re test its immediate resistance at $0.42/$0.435, and previous high of $0.455/$0.47. Exit if $0.36 is violated.

Happy Trading..

ISY7, will look at the chart of Iris for you after dinner..

novice8,Muhibah shows weakness today by closing weak, may re test $2.26/$2.23.Remember to exit if $2.20 is violated.Unless you are long term investor then the next exit level is $2.08( if violated).

Today i bought in Brem & Hevea...

Happy Trading..

4th FEB—Weekly Summary

1)GUH-- AV Price=$1. 06 (Closing=$1.02, P&L=-3.8 %), Stop Loss=$0.99. Risk= -6.6 %. Tp1=$1.12/$1.14. (Exp Trading Range $0.99 to $1.07).
Note : Formed a Doji (Indecision and price can move either way), sideways movement is expected.It is still on downward movement but the downward momentum has decreased. Any rebound may find resistance at $1.07 and strong resistance at $1.12/$1.14. As the counter is not trending I may clear on any opportunity to protect my capitals.

2)MUHIBAH--- Av Price=$2.29 ( Closing=$2.40, P&L= +4.8 %), Stop Loss(2)=$2.20. Risk= 4%. Tp1=2.39, TP 2=2.47/$2.53. (Exp Trading Range $2.23 to $2.38 ).
Note: Muhibah hit my first TP of $2.39, the downward momentum has decreased.3 white candles last 3 days imply bullish uptrend. A break above $2.41 is expected to move higher to my next TP of $2.47. Immediate support is adjusted to $2.30. I have also increased my Stop Loss level to $2.20( if violated) to reduce my risk

3)PERISAI---Av Price=$1.61 ( Closing=$1.70, P&L= +5.6 %), Stop loss (2)=$1.57. Risk= -2.5%. Tp1=$1.66, TP 2=1.73. (Exp Trading Range $1.63 to $1.73).
Note :The momentum of the downward movement has decreased and PERISAI is expected to test its previous high of $1.73..A break above $1.73 with volumes will take it into the uncharted territory to my next estimated TP of $1.80/$1.90. I have increased my stop Loss to 1.57 (If violated) to reduce my risk. Also, I may clear to lock in profits if $1.73 could not be taken out.

4)TAS-- Av Price=$1.23( Closing=$1.16, P&L= -5.7 %), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27. (Exp. Trading Range $1.13 to $1.20).
NOTE: Missed the opportunity to cut losses when it broke below $1.16 as I was away for CNY shopping. The only good thing is RSI and price formed a Bullish Divergence which may see some rebound from TAS. Any rebound may find resistance at $1.20, unless it could break and stay above $1.22 steady downward movement can be expected.

5)ULICORP— AV Price=$1.06(Closing=$1.02, P&L=-3.8 %), Stop Loss=$0.98. Risk= -7.5 %. Tp1=$1.08, TP 2=$1.19. (Exp Trading Range $1.00 to $1.08).
NOTE: It is trapped in the downtrend channel, the downward momentum has started to slow down. Any rebounds should find resistance at $1.08/$1.10.May clear on any technical rebound to protect my capitals.

Last week I took some losses to close on few counters before CNY, I also cleared PRTASCO and HEVEA to protect my capitals. It was a difficult week no doubt as my profits for the month of January reduced substantially after those losses.

#No matter how experience or how profitable we might be, once a while we do get ourself in a Hole#.

I am monitoring Alam, Brem & PERDANA.

Happy Trading…

Thanks hiddengem,zuliana and faberlicious..
Gong Xi fatt choy.
faberlicious hope your choice of stocks will bring you $$$ in 2014..

Happy Trading !!

I would like to give some clarification of my trading method on Stop Loss/Trailing Stop just incase some of you is confused.

Stop Loss—The first stop Loss after I enter a trade is perphap the Most important Stop Loss leve. When my Stop Loss is hit I will normally give it 1 or 2 ticks below just incase it is a Bear Trap. If the breakdown of my Stop Loss level is accompany with volumes I will normally followed and clear my stock and take my losses. But if the stop loss was violated with small volumes( normally some small time weak holders) I will give the stock some times to see whether if could rebound back up above my Stop Loss level. The stop Loss level may be increased if a new support is formed to reduce my risk.( I will call stop Loss(2) from now).

Trailing Stop—This stop is actually the Stop that I put on to protect my profits (That means the stock I picked had moved to the target I expected), it is totally opposite from my Stop Loss which is to reduce my risk. On the Trailing Stop I will sell when it hit that level without second thought. The reason I set a trailing Stop is to ride on the profits as long as I could. I do not want to go through tha agony if it is Big Pull Back so I took my profits first. I will also sell if candlestick formed a Bearish pattern without it hit my Trailing Stop.

1)PERISAI--Av Price=$1.61 ( Closing=$1.70, P&L= +5.6 %), Stop loss (2)=$1.57. Risk= -2.5%. Tp1=$1.66, TP 2=1.73. (Exp Trading Range $1.55 to $1.66).
Note : As suggested 2 days ago the momentum of the downward movement has decresed and PERISAI stage a strong rebound today.Now the question is whether it could break its previous high of $1.73 to set new highinto uncharted territory.A break above $1.73 with volumes may take it to my next estimated TP of $1.90. I have increased my stop Loss to 1.57(If violated) to reduce my risk.Also I may clear to lock in profits if $1.73 could not be taken out.

2)MUHIBAH--- Av Price=$2.29 ( Closing=$2.40, P&L= +4.8 %), Stop Loss(2)=$2.20. Risk= 4%. Tp1=2.39, TP 2=2.47. (Exp Trading Range $2.23 to $2.38 ).
Note: As Suggested Yesterday Muhibah issued a short term BUY signal,and it rebound and hit my first TP of $2,39 today. It is expected to move higher to my next TP of $2.47.Immediate support is adjusted to be $2.27. I have also increased my Stop Loss level to $2.20( if violated) to reduce my risk.

You can see the above 2 stocks I have increased the Stop Loss levels because the level is still below my purchasing price so I still use the term Stop Loss. Once I set the level when it higher than my purchasing price I will term it Trailing Stop in future to avoid confusion.

Gong Xi Fatt Choy and Happy Trading..

P/S Novice8, no prob there are always opportunity…

Jennylee n ooi1955..just reached mom house...Happy New Year to you and your family too.
Novice8..i just had a look at Perisai n Muhibah n quite happy with their performances..U r in these 2 counters too?
Happy Trading...

Thanks everyonestockwatch,muhamad, TaurusGal182 and novice8, happy New Year !

I am off to my hometown now..A long drive.

TaurusGal82, ya i am holding on GUH. It did not violate my Stop Loss level of $0.99. Counter is bearish now due to weak market sentiment.
So many counters hit my stop loss level like TAS but i was away shopping for CNY and dint have time to monitor. May need to re look all the counters after CNY holiday.

Happy Trading !!

connie, Happy New year to you and family..

G9

Today busy last minute chopping for CNY as I am leaving early to my hometown tomorrow. Will be back by 10th Feb you know Hokkien the most important date in CNY is the 9th Day of CNY..Didnt have time to monitor my stocks but I think anything just leave it after CNY..Enjoy the festive season first..

Today I just bought in Muhibah at $2.29..
1)MUHIBAH--- Av Price=$2.29 ( Closing=$2.30, P&L= +0.5 %), Trailing Stop=$2.12. Risk= 7.4%. Tp1=2.39, TP 2=2.47. (Exp Trading Range $2.23 to $2.38 ).
Note: Muhibah issued a short term BUY signal today, it is expected to rebound further to it Gap resistance of $2.38.But overall, it is still bearish after breaking down below $2.23.

Gong Xi Fatt Choy Everyone..

Novice8
SHL—Trading inside the downtrend channel. Lower high and lower low.I think it is at the edge and support of $2.00 is a Pivot point. If break below can spell more troubles to $1.88/$1.83. Any rebound should find Resistance at $2.12/$2.16.
PANTECH—Very Bearish, tested support of $0.895 two previous periods and if the support holds ome technical rebound could be expected. Any technical rebound should find resistance at $0.945 and strong gap resistance at $0.96/$0.97. But if break below $0.86 you can be assured of stage 4 of the cycle and to be avoided at any cost.

Need to sleep early as tomorrow is a long drive back to KT..

Happy trading..

Novice8, I will look at the charts for SHL and Pantech later as I need to go out for last minute CNY shopping. This is the chart reading for Huayang, be cautious as Huayang is a property stock.

HUAYANG—have not found a new bottom yet and still at stage 4 of the cycle. Yesterday low of $1.75 has not been tested yet if failed to hold may heads back to $1.50/$1.40 level. The counter is very bearish in short and mid term and if you are thinking of bottom fishing around this level I would suggest you place a stop Loss below $1.75. Any technical rebound may capped by the Gap resistance of $1.90/$1.89. Strong resistance is at $1.95. Immediate support is adjusted to $1.75.

I reenter MUHIBAH again at $2.29 today..

Happy Trading..

# When Fear creeps in maybe it does offer opportunity for traders that dare to buy near important support levels #

Today I closed 3 losing stocks on GHLSYS, WILLOW and MUHIBAH. I also collected these 3 counters:
1) HEVEA--- Av Price=$1.05 ( Closing=$1.07, P&L= +1.9 %), Trailing Stop=$1.00. Risk= 4.8%. Tp1=$1.16/$1.20, TP 2=1.30. (Exp Trading Range $1.04 to $1.16).
Note: Chartwise it has a falling window which has Bearish implication, but formed a Doji today, it looks like Bullish reversal of Southern Doji or Morning Star, still we need the next confirmation candle to close above $1.10 for Hevea to confirm price reversal. A break below $1.05 spells trouble to re test previous low of $1.01.

2)PERISAI--Av Price=$1.61 ( Closing=$1.59, P&L= -1.25 %), Trailing Stop=$1.50. Risk= 6.8%. Tp1=$1.66, TP 2=1.73. (Exp Trading Range $1.55 to $1.66).
Note : It is important for Perisai to stay above $1.59 so not to violate the uptrend line.I will add in more shares if $1.59 holds. Also, even though it is about downward movement, but the momentum of the downward movement has decresed, so it is most likely to stage a rebound soon.

3)PRTASCO-- Av Price=$1.40 ( Closing=$1.41, P&L= +0.7 %), Trailing Stop=$1.37. Risk= 2.15%. Tp1=$1.47, TP 2=1.54. (Exp Trading Range $1.39 to $1.47).
Note :The downward momentum has increased, RSI and price started to show Bearish Divergenge. May cleared first to protect my capitals.

Happy Trading…

P/S Yoda88, thanks and hope you have an wonderful CNY too..

Sold my Muhibah when broke below $2.28, taking a 4 cents lost..

Today closed 3 losing stocks..

Happy trading..

Finished my CNY shopping..

Now buying in the stock market again.. In Muhibah at $2.28 again now Av cost is $2.315…

Happy Trading..

Haha connie, everything new in/out..you made me laugh in this difficult market. K, best of luck to you !!
I am not that branded like others, but do like real nice clothing because Malaysia is so hot, we need those clothing that is made of good cotton so it is not too sweaty during hot days. I spent most my $$$ in foods, wines and running gears. Everyone is different in tastes, I think.

BuLLram, you are doing the right things, keep the capitals for another day. Don’t ever become an”involuntary “investor into any stock because refuse to take early losses.
Like everyone else here, we made mistakes in the market. Just take the losses early and move on. January 2014 had actually been good to me on few counters I made, part of our game. Lose some, win some.. Our wonderful trader's life goes on..

Ooops, wife call lio need to go..

Happy trading !

Thanks connie, will leave around 10.30am to Pavillion..There have my Fav brand of clothing..
You did all your CNY shopping already?

Today I cut losses on Willow and GHLsys..

Happy Trading..

Just sold my GHLSYS at 6% losses..

Happy Trading..

I am out of Willow with 6% losses.

Today bought in PRTASCO at $1.40, PERISAI at $1.61 , Hevea at $1.05 and MUHIBAH at $2.35.
Most likely to do Daytrade on Hevea..

Now leaving for KL to shop my CNY new clothes..

Happy Trading !!

Brendonyeap—To go in PohHuat or not you have to make your own decision. It is important that in trading you learn to take Buy and Sell decision, if the plane sink you want to be the pilot yourself if you get what I mean. I can only help you to interpret the chart.

PohHuat—Hit the high of $1.16 on 10/1 with a Doji Star on top indicates some consolidation to start and it did. The uptrend line is intact, $1.01 have been tested on 3 occasions and is holding. The downward momentum has slowed down and if break above $1.06 may take it back to the previous high of $1.16 and beyond. Be cautious if break below $1.01 that mean the uptrend line is violated and spell troubles,the consolidation may take longer than thought. Exit if $0.98 is violated.

I will put this counter on my watch list, thanks for highlighting to me.

Speakup, hope your Golden Horse CHHB bring you lots of $$$ in 2014.

Happy Trading…

27th JAN-Weekly Summary

Trading strategy—Due to weak market sentiment I have raised most of my stocks Stop Loss level to reduce my risks or may sell the counters on any technical rebound to protect my capitals. I also reduced my TP price for most of the stocks.

1)GHLYSYS-- Av Price=$0.745( Closing=$0.72, P&L= -3.35 %), Trailing Stop=$0.70. Risk= 6%. Tp1=$0.79, TP 2=0.83/$0.845. (Exp Trading Range $0.705 to $0.77).
Note : Counter has turned bearish near term,formed a Gravestone Doji today indicates indecision. Any rebound should find resistance at $0.745/$0.77. I am most likely to sell on any rebound to protect my capital or take my losses if $0.70 is violated.

2)GUH-- AV Price=$1. 06 (Closing=$1.04, P&L=-2 %), Trailing Stop=$0.99. Risk= -3.8 %. Tp1=$1.14, TP 2=$1.20/1.25. (Exp Trading Range $1.02 to $1.07).
Note : Formed a Doji ( Indecision and price can move either way) after re tested gap support of $1.03.The uptrend is still intact if $1.03 holds, but the downward momentum has increased.Any rebound should fine resistance at $1.07/$1.12. I have increased my Stop Loss to $1.02 (if violated) to reduce my risk to 3.8 %.

3)TAS-- Av Price=$1.23( Closing=$1.24, P&L= +0.8 %), Trailing Stop=$1.16. Risk= 5.7%. Tp1=$1.32. TP 2=1.42. (Exp. Trading Range $1.17 to $1.27).
NOTE: Forming the Bullish Flag pattern, more rebound is expected to resistance of $1.27 in the near term. It is important TAS to be able to stay above $1.20 to challenge its previous high of $1.32 and beyond. Consolidation is not over yet, but downward momentum has decreased, if $1.20 failed to hold , stronger support is at $1.17.I have raised my Stop Loss to $1.16 to reduce my risk to 5.7%.

4)ULICORP— AV Price=$1.06(Closing=$1.04, P&L=-1.9 %), Trailing Stop=$1.00. Risk= -5.6 %. Tp1=$1.11, TP 2=$1.19/$1.26. (Exp Trading Range $1.01 to $1.07).
NOTE: Failed to break out from the downtrend channel and it is trapped inside the channel. Any rebounds should find resistance at $1.07/$1.10.May clear on any technical rebound.

5)WILLOW-- Av Price=$0.74 (Closing=$0.70, P&L=-5.4%), Trailing Stop=$0.695. Risk= 6%. Tp1=$0.745, TP 2=$0.795. (Exp Trading Range $0.675 to $0.715).
Note : Counter is very bearish and a falling window occurred indicates more downward movement. It is expected to hit my Stop Loss level and may clear on any opportunity to reduce losses.

I am starting to collect MUHIBAH for future play (Ready to take losses if $2.28 is violated), PRTASCO after closing the Gap of $1.45/$1.43 is expected to move back up.
I also like Hevea--(Consolidation looks over after hitting low of $1.01 recently, any weakness offer opportunity to collect, any rebound may find strong resistance at $1.20 (Dark Cloud formed 2 days ago. ).

Happy Trading...

AyamTua, You r real humourous, everyone like a cool name buy you are so yourself..

Hornbill, I actually traded PRTASCO that day when it gap up to break away and bought at $1.46, sold at $1.52 when it could not break its previous high of $1.54 ( The overhang).There are 3 types of gaps in chart reading, breakaway,exhaustion and runaway.I look at PRTASCO it is a breakaway gap and it presages the start of an important price move. But a gap up like this normally the price will try to close the gap. I sold at $1.52 and parked to buy back at $1.43/$1.45. I actually collected some at these price the next day. I am positive the price should move up after the gap is closed. Then chart is only a guide I still need a set a Stop Loss level just incase I am wrong and I am wrong lots of times too..

Happy Trading..

haha..why call yourself AyamTua? Anyway welcome and thanks for sharing your portfolio..NTPM looks goods chart wise..

Happy New Year !!

Citytrader,Gong Xi Fatt Choy to you n family too.Same to you 心想事成！馬到功成！It has been a pleasure to share n trade with you in this forum.
I v b away on 29th til 10Feb.You know Hokian 初九拜天公！！

Thanks profitMan, greenday,profitman trade well..We all can learn from him too..

Just reached KL and kind of tire.

ProfitMan MPHBCap formed an upper shadow doji today, you can expect more consolidation. This scenario has always happened when a broker house recommended a stock and every trader chasing it, then it will come back to where it started. Remember PRTASCO, it gap up and moved so rapidly experience traders like us always know it is most likely to close the gap, so we sell and lock in the profits and wait normally it will come down and we can easily buy back at $1.43/$1.44..

Greenday, there is no holy grail in the market. First, you must learn to understand what is a market.? It is just traders who agreed on the “Value” of a counter, why you buy because you think it will go up. Who did you buy from? The trader that though the stock will go down or fools that try to make $$$ in T+3. So when T+3 came, they dint have the $$$ to pick up the stocks so force selling. But everyone knows the stock market is a zero sum game, you make because someone is losing. The other one that makes on commissions, etc. is the brokerage house, they asked you to buy so that they can sell or they are making commission from you. Worst still, some market analysts are on the take to recommend some counters.
Have a nice weekend.

greenday, i am not sure about those dividend companies, I don’t follow FA but TA. 2 schools of thought and I am a position trader. I trade using candlesticks and charts, so traders like me need to be disciplined and in/out with a plan. I can help you to look at chart of PADINI over the weekend as I am traveling today, back to KL this evening.

Happy Trading..

Greenday, good morning and welcome to this thread.
I am not sure about any bad news on GHLSYS, I only interpret the TA from the chart. I am not sure are you atrader or a longer term investor. If you on long term you stop loss level is if $0.665 is violated.
Chart wise GHLSYS has formed a downtrend channel that is trading at a lower high and lower low. It needs to break above $0.83 ( to complete the inverted H&S) and also breakout from the downtrend channel.
Greenday now the market is weak and those Uh Huh days temporary over, this is also a time to test us traders how we handle the situation. Follow your plan and take losses if necessary like I Stop Loss my GUNUNG yesterday.

Happy trading.

24th Jan

GHLSYS has given a Sell signal today when it broke below $0.735. It is most likely to test support of $0.705 and if break below should be heading back to important support of $0.665. I may cleared it on any rebound to protect my capitals.

GUNUNG—I am out of the stock when it hit my Stop Loss level of $0.82 taken a 6.8% Losses.

Today I did a quick trading on MUHIBAH, in $2.46 and out at $2.52. Now I am collecting MUHIBAH at Gap support of $2.45/$2.44.

Will be back to KL tomorrow, have a nice weekend !!

profitMan, well done on Silk !! Never wrong to lock in profits first, like the old saying when a stock moving in a steep way up: ”Buying on 1st day up is genius, 2nd day up is slow, 3rd day up is a fool !!” I am sure you did the right thing when it cant clear the strong resistance, it is most likely to consolidate before charging again!!

Will be flying back KL tomorrow, have a nice weekend.

profitMan, Thanks and MPHBCap is always on my radar, this counter will need to clear $1.78 for breakout.

This morning did a quick trade on Muhibah, in $2.46 and out at $2.52, now buying again at the Gap support of $2.45/$2.44.

Happy trading..

PRTASCO—Closed the window today after buying frenzy yesterday. When it gap up and move at that momentum a big pullback is to be expected. Now the gap is closed after some consolidation should be moving up again.

In Muhibah at $2.46, this support had been tested yesterday and today it is holding well ( It is so near the gap support of $.245/$2.44). Now need to clear $2.52 to carry on its uptrend to next resistance at $2.63 & my TP of $2.72 .

Happy Trading..

ulutrader,I went in GHLSYS yesterday at $0.745 because the support of $0.735 looks good to hold. Yesterday it formed a Doji so chart wise the signal is if it breaks $0.77 then maybe it is a price reversal. At the moment it is still under consolidation with downward momentum. The first sign of weakness if $0.735 is violated then consolidation may take longer than anticipated.

Happy Trading..

Thanks cloud and ulutrader, as i always said we are here to make $$$ but based on TA alone 90% of traders get burnt more often than making..I used to be like that too til i learnt that we take losses early and try to ride on profits as long as we could.

Happy Trading...

23rd Jan

1)GHLYSYS-- Av Price=$0.745( Closing=$0.745, P&L= 0 %), Trailing Stop=$0.70. Risk= 6%. Tp1=$0.79, TP 2=0.83/$0.845. (Exp Trading Range $0.735 to $0.77).
Note : Re enter GHLSYS today at $0.745.The consolidation may be over if $0.735 is not violated.

Today did a quick day trade on PRTASCO after it broke $1.44 with volumes, In $1.46 and out at $1.52. May buy in during any weakness.
I kind of like FITTER, if break $0.825 may try $0.85/$0.865.

Happy Trading..

twobits, Thanks,yap you are right..Those 2 days the lowest point is $0.74. Normally we set our trailing stop 1 or 2 ticks below $0.74 which is $0.735 or $0.73. I made a mistake and mistake.

Happy Tradng..

Connie, you are lucky to be doing it right..I am happy for you. Ya, thanks for Scorpion song…I can only listen to it when back to KL this Friday.I am using the local SIM too slow to download..

Twobits—GHLSYS you work out the support by drawing from 20/11/13 at $0.735 ( It retraced from high of $0.915) and that support of $0.735 was broken on 23/12/13 and set a new bottom at $0.665. So for longer term trader they may only sell if support of $0.665 is broken, but my risk is less that that. I should set the Trailing Stop at $0.73( 1 tick below $0.735) but that day I made a mistake instead of $0.73 I put it as $0.74. 2 days ago, it hit exactly at $0.735 and I was shaken out. I dint realize my mistake til yesterday when I re look at GHLSYS chart. Now I re enter at $0.745 for future play.

profitMan, thanks. I know you rade well too, after the breakout PRTASCO should move higher from here.

Pathew- hope your TNLOGIS and HEAVEA bring $$$ to you..

Happy Trading..

Connie, I think your knowledge in TA must have been improved greatly. From previous chats I know you are hunger for TA knowledge.

A good trader trade without anxiety ,anger and if the stock goes against us by a few tricks we should not feel any Fear as we have the plan to cover all that.

Like old saying, “If sex is a pain in the ass, you are doing it all wrong”, in Trading” If you are not having fun trading, you are doing
it all wrong too”
Let”us enjoy our trader's life, it should be fun, joy and most importantly make $$$.

Happy Trading..

sephiroth, GUH uptrend is still intact. I am still holding mine.

That day i raise my GHLSYS trailing stop to $0.74 apparently I read the chart with a slight mistake, the level should be $0.73 then I wouldn”t been shaken out, I buy back in at $0.745 as consolidation looks over .

Trader”s life is the best life on earth,we make our decision and no one to blame if we made the mistakes.

Happy Trading..

profitMan, thanks and congratulation on your winning in SILK..

Today happy day for me too, PRTASCO--in when it broke our from $1.44 managed to buy in at $1.46,just sold some at $1.52, now some queeing at $1.54. This counter if break $1.54 will enter uncharted territory..

Happy Trading..

Thanks cct, small break help to clear my minds..

Happy Trading..

22nd Jan
#If you think you are good in the market, think again! Most of the time you are good because the market goes the way you think it should. When the market is against you, are you that good?#

ULICORP-- AV Price=$1.06(Closing=$1.10, P&L=+3.8%), Trailing Stop=$1.00. Risk= -5.6 %. Tp1=$1.19/$1.24, TP 2=$1.32. (Exp Trading Range $1.05 to $1.12).
Note:Today I went in ULICORP at $1.06 after the hammer formed yesterday indicates a price reversal or new bottom is formed. It is expected to break out from its downtrend channel to test its immediate resistance at $1.19.

I am monitering GHLSYS, FITTER, Muhibah and Perdana..

Happy Trading..

21st Jan

# Be Disciplined when trading, execute your plan without emotion and never let a winning trade becomes a losing trade (The least protect your capitals). Trade well the $$$ will follow #

Today a few of my counters, hits my Trailing Stop or Stop Loss level.
1)GHLSYS hit my Trailing Stop at $0.74 so I am out to protect my capitals.
2)PERDANA hit my Trailing Stop at $1.67 so I am out with 5% profits.
3)TDM hit my Stop Loss level so I am out with 2.6% losses.
4)PJDev hit my first TP of $1.47 which I cleared 50% of my shares at $1.49 with 6 % profits.

I am still interested in PERDANA,MUHIBAH and GHLSYS and may reenter when the opportunity arises. Today collected some Willow.

a)WILLOW-- Av Price=$0.74 ( Closing=$0.735, P&L=-0.7%), Trailing Stop=$0.695. Risk= 6%. Tp1=$0.795, TP 2=$0.83/$0.85. (Exp Trading Range $0.725 to $0.765).
Note : still under consolidation may collect more near next support of $0.725.

p/s..Thanks Choe, i am in Willow today..

Happy Trading…

1)Cleared my Perdana when it hit my Trailing Stop of $1.67 to protect my profits and capital.
2) Cleared 50% of PJDev when it hit my first target of $1.47.(Thanks to sephiroth)
3) In Willow at $0.745 today after analysing the stock for Choe yesterday.

Happy trading..

20th JAN-Weekly Summary

1)GHLYSYS-- Av Price=$0.73 after scale In( Closing=$0.775, P&L=+6.1%), Trailing Stop=$0.74. Risk= 0%. Tp1=$0.79, TP 2=0.845/$0.855, TP3=$0.91 & beyond. (Exp Trading Range $0.74 to $0.80).
Note : After hitting my TP1 of $0.79 GHLSYS failed to test my TP2 at $0.845/$0.855 last week(When to the high of $0.83). 3 balck candles for the past 3 days imply bearish pattern but volume has reduced during this periods indicate consolidation maybe over soon. Chart wise may start to form ‘Inverted H&S” pattern which has Bullish implication with neckline at $0.83.Further consolidation should find support at $0.74. A break above $0.83 complete the ‘Inverted H&S” pattern to TP3 of $0.91 and $1.00.

2)GUH-- AV Price=$1.06 after adding more share at gap support of $1.04/$1.03 (Closing=$1.08, P&L=+1.9%), Trailing Stop=$0.99. Risk= -6.6 %. Tp1=$1.20/$1.25, TP 2=$1.32. (Exp Trading Range $1.05 to $1.14).
Note More sideways consolidation could be expected. The uptrend is very much intact but the upward momentum has slowed down. It needs to break $1.15 (previous Doji high) to test my TP.Any weakness offer opportunity to buy for future play.I have increased my Trailing Stop to $0.99 to reduce my risk to 6.6%.

3)GUNUNG-- Av Price=$0.88( Closing=$0.875, P&L=-0.6 %), Trailing Stop=$0.82. Risk= -6.8%. Tp1=$0.93, TP 2=$0.995. (Exp Trading Range $0.855 to $0.93).
Note :The consolidation looks like over and it is expected to move higher in near term.last week it went to high of $0.92 but failed to clear the symmetrical Triangle. A break above $0.93 with volume confirmed breakout which I may scale in more shares.

4)PERDANA-- Av Price=$1.59( Closing=$1.70, P&L= +7%), Trailing Stop=$1.67. Risk= 0%. Tp1=$1.70. TP 2=1.83. (Exp. Trading Range $1.67 to $1.75).
Note: As suggested, hit my TP1 of $1.70 and hit a new high of $1.75 which has act as immediate Resistance.It is under consolidation and is expected to move higher to my TP2 of $1.83 if $1.67 is not violated. I have raised my Trailing Stop to $1.67 to protect my profits and capitals just incase of any big pullback.

5)PJDEV-- Av Price=$1.41( Closing=$1.43, P&L= +1.4%), Trailing Stop=$1.34. Risk= 5%. Tp1=$1.47.
TP 2=1.55. (Exp. Trading Range $1.38 to $1.44).
NOTE: Re enter after it broke above $1.41, it is expected to clear $1.44 to next resistance of $1.47,counter is very bullish but Price and RSI starts to shows some bearish Divergence so may clear if cant break above $1.47 with volume.

6)TAS-- Av Price=$1.23( Closing=$1.21, P&L= -1.6%), Trailing Stop=$1.13. Risk= 7.5%. Tp1=$1.42.
TP 2=1.50. (Exp. Trading Range $1.18 to $1.27).
NOTE: Re enter during consolidation, it is important TAS to be able to stay above $1.20 to challenge its previous high of $1.32 and beyond.Consolidation is not over yet and it may test its next support of $1.18 if $1.20 failed to hold.Strong support is at $1.13.

7)TDM-- Av Price=$0.96 ( Closing=$0.94, P&L= -2.1 %), Trailing Stop=$0.935. Risk= 2.6%. Tp1=$1.03/$1.05. TP 2=?. (Exp. Trading Range $0.935 to $0.97).
Note :It has formed a Descending Triangle pattern( which has a bearish implication) with neckline at $0.94.it tested the my Stop Loss level of $0.935 but manage to hold. Some rebound is expected but whether the rebound could take it out of the Descending triangle is a big question.This is most likely my first Cut Loss counter in 2014.
Cleared another 15% my MUHIBAH at $2.57 today, giving me Av of 9.4% returns. Another 15% will clear when counter move toward my TP of $2.72.

I am trading at my maximum of 7 stocks so I am not monitoring any stock.

I will be going for a short holiday and will be back by 25th Jan.May not be able to update my posts every day (But I will try) during my holidays.

Thanks bro yoda88, hope youae a good week with your PBA..

Happy trading..

Choe, how to set a Trailing Stop? Everyone trades differently so I am just sharing my way of setting Trailing Stop. First, I must tell you I am a Position Trader not a long term investor, so my trading style might not agree with your investment strategy.

Let takes Willow as an example how I would trade this counter.
1)It issued a Buy signal on 03/01 when it hit high of $0.725. But the confirmed BUY signal fell to 09/01 when it climbs above $0.725 and subsequent breakout from $0.74, My first Stop Loss would have been set below $0.695 taking about 4% risk.
2)After the Breakout the immediate estimated target is at $0.83 but Willow managed to hit only $0.795 and formed a “Dark cloud” on 13/01 signal downward consolidation movement. During this pullback period I will be observing the volume and increased my Trailing Stop to 1 or 2 bids below $0.74 to protect my capitals.
3)Now Willow consolidation looks like over and find support at $0.74 (which was the breakout level of previous resistance turns support which is also my Trailing Stop).
4)The first sign of weakness is if it breaks below $0.74, expect more downward movement to $0.695.
5)Let”s assumes:
a)it starts to climb up again after this consolidation I will be watching the immediate resistance at $0.795/$0.80. If it can break above, then I will wait for it to hit my target, say at $0.83 and ride on it.
b)It can't break $0.795 then I may start to lock in profits around the resistance level.remember the Dark cloud at $0.785 needs to be taken out for further upward movement.

The above opinion is only my short term trading strategy, for mid term investor your Stop Loss level is if $0.63 is violated and I do not belong to that category as my risk factor is much lower.

Happy Trading..

Yoda88,
PBA—Broke out with volume on 03/01 from the round bottom, which gave an estimated target of $1.26. It hit the high of $1.22 and started its consolidation. The pullback started at 15/01 was quite substantial. Any further consolidation should find support at $1.07 and strong support at $1.04 (Resistance turns support).Exit if $1.04 is violated.

I will be away for a short holidays and back on 25th Jan. Will Try to update my thread whenever I have opportunity near internet.

Happy Trading

tonylim, quite true maybe needs a bit more time to raech Tp of $2.72.

happy trading..