wow, this is my first big catch. Thank you sifu Tomm. Maybe you are not ware of it - your comments are as delicious as tilapia.
Posted by Tomm > Jan 10, 2016 02:16 PM | Report Abuse
Unfortunately it takes years to perfect TA! There's no shortcut! You have been very lucky to learn FA quickly! Many have fail! I look at the article, it's pretty basic candlestick! Don't read too much into it, it's all about buying at oversold and selling at overbought! Again, many pure TA got it wrong because they only apply TA without checking FA of particular stock! That is why many pure TA got burn! You just can't apply TA on speculative stocks, it's just speculative in nature! Candlestick is only one of dozen TA method! Fear not, all TA method is all about confirming oversold and overbought prices! Having double, triple even qua triple confirmation is better than using only one method! In short select 30 stocks based on FA, and buy/sell based on TA! That's it!
Since master Icon posting article on candlestick particularly. Let me give my 2 sense based on my experience on candlestick charting. Candlestick chart pattern shouldn't be treated as a holy grail system to identity the supply and demand of a stock even it's only for 10 days. All the stocks trading in Malaysia have its own characteristic whereby each of them are control by separate operators or major shareholders. Hence, it leads to different way of candlestick patterns, you can look back at the historical chart to identify how the price opened and closed are way different than in the text book. One way to avoid the trap of buying into a false bullish candlestick pattern is to make sure you only apply this technique into a healthy breadth stock with ample of buy and sell orders queuing. The is to avoid sudden jump in the price and gap that will easily detriment the candlestick pattern. So, volume is important. If you invest using FA, you won't be having this problem, cause you just going to buy at low PE and sell at high PE, volume and breadth is basically not a problem. Think I should just stop here before the comment is getting into the whole page. Cheers!
Its better to use it as a confluence factors together with rsi, stochastic and moving average! it will definitely kill you by using candlestick alone only.
force sifu, there is no icon sifu here... I am as blur as you.. but in general I rely on EPS to guide me loh. You think gadang EPS going to be good or not ?
Icon sifu ur new pic very cute le.... hope u dont buy chinwel drop a lot ... but seriously I really think that is ok to invest chinwel but... my opinion alw wrong:( and rugi somemore
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Koon Bee
549 posts
Posted by Koon Bee > 2016-01-10 13:54 | Report Abuse
Good article...this article inspire me to use tilapia chart to forecast how many plate of char kuih tiow i can sell for tomorrow