Posted by JTFX > 2013-09-27 10:14 | Report Abuse

i like to buy on corrections..so i m on Q to buy@ 0.30 to 0.27..will cut if 0.25 offered..

Posted by choolooi > 2013-09-27 10:35 | Report Abuse

JTFX, 0.30 is now holding the fort, is this the support below 0.32 ?
I see a similar pattern when it was ranging 0.325 to 0.335 day before.
From the revelations by some members they do hold a counter at different entries
Pls share with me your experience

Posted by JTFX > 2013-09-27 10:43 | Report Abuse

choolooi, i just like to buy on weakness..low risk for me to buy from 30-27, thk will hv potential..after clearing this bout of selling..cud be wrg,but thats me..good luck..

Posted by choolooi > 2013-09-27 10:49 | Report Abuse

Thanks a lot JTFX .
Yes good luck to all

Posted by jennylee1382 > 2013-09-27 11:01 | Report Abuse

choolooi thanks for yr explaination

Posted by matrixcool > 2013-09-27 11:09 | Report Abuse

TonyLim—Thanks for your correction..since like i am living 1 day ahead.

Miketyu—Welcome to our thread.

Sephiroth—wow..that is a good price you are having TA, my congratulation to you.

Note: I cleared all mine when $0.32 is violated and take my losses. For those that still holding good lucks…
choolooi, it is up to your own decision but I will never average down and start to live in “Hope & pray”…

HAPPY TRADING...

Posted by choolooi > 2013-09-27 12:01 | Report Abuse

Bro Matrixcool , your pointer is noted with thanks
Surgeon must hold the scalpel with a steady hand and not look at the patient.
I had made the first incision at 0.30. Just now
No average made.
Second patient in freezer.

Posted by lwalk > 2013-09-27 12:04 | Report Abuse

Hi matrix, your thread has certainly grown by leaps and bounds :)

anyway this is for you and the rest. happy friday
http://etfhq.com/blog/2013/03/02/top-technical-analysts/

Posted by matrixcool > 2013-09-27 13:06 | Report Abuse

Iwalk—Thanks for the link,Marty Schwartz definitely my idol....I agreed with them lots of us just refuse to admit mistake because of our ego. I used to be like that and end up holding lot of losing stocks and Hope for rebounce. Now I trade with discipline and exit plan, like Digista today when it broke $0.32 I don’t need to think twice and off load everything. I made a mistake and take my losses and move on…

HAPPY TRADING...

Posted by ProfitMan > 2013-09-27 13:31 | Report Abuse

Iwalk, thanks for the link and a very good link too.

Matrix, what was your average buying price for Digista? You are absolutely right - discipline is key and no egos. I unloaded mine too but at a lower price of 30sen. I lost my discipline on this one.

Choolooi, I always like the way you put things in perspective. Gonna miss your comments when you are away.

Posted by rubberneck3 > 2013-09-27 13:46 | Report Abuse

lwalk - thanks for the article. I'm looking into Digista. Is it on a downtrend now? CI doesn't seem to be able to bypass 1780 today.

Posted by rubberneck3 > 2013-09-27 13:56 | Report Abuse

BTW, unrelated to stock market topic. For those who travel overseas, how do you decide when to change your currency? especially on currency that is much bigger than ours.
I'm in a dilemma on whether to change now or hold on a little while as our currency has lost more value since May. And with the FED threats on tapering, it seems our currency is heading further south. Also, will our upcoming budget affects our currency?
Hmm...to change or not to change? Any two cents to drop in my pocket is much appreciated.

Posted by jennylee1382 > 2013-09-27 14:01 | Report Abuse

matrix my cost is 0.29(digistar) need to sell off or cut loss, pls advise me.TQ

Posted by Hot.T > 2013-09-27 15:08 | Report Abuse

MatrixC & gang..need advice..

No visibility of mkt whole of this morning coz was in a bored (board) meeting..digistar is down n dunno whether to pickup or cut loss now. either or, appreciate ur advice. tq :(

CT - did ur mbb app "suddenly" disappear from ur android? mine did..today!!

Posted by CityTrader > 2013-09-27 15:13 | Report Abuse

Iwalk. Tqvm for sharing the wonderful links.

Posted by matrixcool > 2013-09-27 15:14 | Report Abuse

ProfitMan, my average buying price for Digista was $0.325..off load average of $0.31..Took some losses.

Jennylee & Hot.T—That is one thing I never advise, BUY or SELL. Jenny, since you bought below $0.32 it should be trading bet $0.26 to $0.32 for now..I am difference because I trade when it broke out from $0.32, that is why I cut losses when $0.32 is violated.

HAPPY TRADING...

Posted by Hot.T > 2013-09-27 15:18 | Report Abuse

noted matrixC..tqvm

Posted by CityTrader > 2013-09-27 15:30 | Report Abuse

Hi Hot.T. So far i dont have such problem with the mbb app on my android but the most irritating part is unable to connect to server. It good i will b to my desk after accomplishing the bored official trips. I m not surprised of seeing digista to dip as i expected it to happen. Told u guys i m a trader who always derail from my discipline but i ve improved. I yet to sell my digista i entered at 0.325. Will check with chart later flying back this evening.

What a wonderful Engtex. I stil hold tight my mmode.

Posted by Hot.T > 2013-09-27 15:53 | Report Abuse

CT - tq..same thing on d pc n laptop..server problem

Posted by ProfitMan > 2013-09-29 01:29 | Report Abuse

What a shocker! Man Utd 1 WBA 2 and Manc City 2 Aston Villa 3!

Posted by CityTrader > 2013-09-29 18:51 | Report Abuse

Seems quiet in this thread n where is matrix n the rest of members?

Posted by matrixcool > 2013-09-29 21:20 | Report Abuse

JTFX—KLSE at the moment is trading side way with the trending range of” 1726 to 1826 “with immediate resistance at 1805/1811 and immediate support at 1769/1762.
KLCI has 2 rising windows of the last 20 candles on 10/09(1747-1753) &19/09 (1774-1787). The “Gap” of “1774-1787” was closed 26/09.Further weakness should find support at the other “Gap” support at “1747-1753”. A “Harami” occurred last Friday with a Gravestone Doji inside, this is normally a trend reversal.
For long term KLCI must take out the strong resistance at 1826 to continue its Bullish Run. The support at 1726 if broken may take KLCI into Bearish mode.

jennylee1382,ProfitMan—As I just got back to KL I will look into TMS & Seacara tomorrow.I need to times to analyse my own stocks for tomorrow trading..

CityTrader--Just got back from my outstation trip 1 hour ago..Preparinmg for my tomorrow trades..

Posted by matrixcool > 2013-09-29 23:38 | Report Abuse

30thSept

1) ALAM—Consolidate further and testing Gap support of $1.46/$1.43 with reduce volumes.
The “Doji” formed at top on 20/09 at $1.57 not just acting as strong Resistance but maybe forming the Neck Line for the formation of ‘Inverted Head &Shoulder”.
Immediate Resistance is adjusted to $1.51 /$1.57.Exit if $1.43 is violated.

2) DAYANG—Manage to hold the fort of $4.70, it is expected to rebound further to $4.90 with strong resistance at $5.03. Exit if $4.70 is violated.
Unless $5.03 is taken out soon may clear Dayang to protect my capital.

3) ENGTEX—Move higher as anticipated but could not reach its immediate target of $1.45,final TP estimated at $1.54. A break above $1.42 definitely will take it to $1.45 and beyond.
Immediate support is adjusted to $1.36/$1.32, Any consolidation is a good time to collect for future play. Trailing Stop is adjusted to $1.30 to protect my capitals.

4) IJMLAND---Showed more weakness today after the “Long Upper shadow” candle formed on 27/09. As suggested it re-test support of $2.70/$2.67. it is expected to trend between $2.67-$2.75. Exit if $2.60 is violated.

5) INARI—As suggested INARI break above $0.925 and move to the high of $0.955 before closing at $0.95. Further upward movement is expected for Inari to break $0.96 and try previous High of $0.985. A break above this level will take it to the uncharted territory with an initial TP of $1.02.
Any consolidation should find support at $0.925/$0.90.
Trailing Stop is adjusted to at $0.925 to protect my profits or may sell into strength toward next Resistances.

6) MUHIBAH—Consolidate further with reduce volumes today which is a good sign, it is expected to break& stay above $2.40 to take out the “DojI’ formed on 20/09. Next Resistance at $2.56 & beyond.
I am adjusting my Trailing Stop at $2.29 to protect my capitals.

I am monitoring TA , Magna & Huayang for future trades….

HAPPY TRADING…

Posted by matrixcool > 2013-09-30 22:59 | Report Abuse

1st Oct

1) ALAM—As suggested close the Gap of $1.46/$1.43 today.
The “Doji” formed at top on 20/09 at $1.57 not just acting as strong Resistance but maybe forming the Neck Line for the formation of ‘Inverted Head &Shoulder”. 3 black candles for the past 3 days indicate bearish movement.
Immediate Resistance is adjusted to $1.47 /$1.51.Exit if $1.43 is violated.

2) DAYANG—Briefly violated support of $4.70 & formed a “Doji” today, is this the first sign of Trend Reversal? A break above $4.78 may rebound further to $4.90 with strong resistance at $5.03. It is expected to trade side way in the trending ranges of $4.70-$4.90. Exit if $4.70 is violated.
Unless $5.03 is taken out soon may clear Dayang to protect my capital.

3) ENGTEX—Move higher as anticipated and almost reaches its immediate target of $1.45, final TP estimated at $1.54. 3 white candles for the past 3 days indicate more Bullish movement.
Immediate support is adjusted to $1.36, any consolidation towards support is a good time to collect for future play. Trailing Stop is adjusted to $1.36 to protect my profits.( May sell into strength to lock in profits if break $1.45).

4) IJMLAND---Showed more weakness today after the “Long Upper shadow” candle formed on 27/09. It re-tested support of $2.67,it may try the strong support of $2.60 if $2.67 is violated. It is expected to trend between $2.67 - $2.75. Exit if $2.60 is violated.

5) MUHIBAH—Consolidate further with reduce volumes today & formed a “ Spinning Top” ,is this the first sign of Trend Reversal? It needs to break above $2.40 to stand a chance of continuing its upward movement to test next Resistance at $2.40/$2.43.
I am adjusting my Trailing Stop at $2.29 to protect my capitals.

Sold all my INARI at $1.02 today, very happy with Inari performances and the profits I lock in..It did better than my estimated target of $1.02. For those that still holding on I wish you best of lucks as it is moving into uncharted territory.

I am monitoring: TA , Magna & Huayang for future trades….

HAPPY TRADING…

Posted by JTFX > 2013-09-30 23:14 | Report Abuse

matrix, tks for the updates n TA on the klci..yes, looks like another rebuff from the 1800 n cud drift back to test the 174050 support lvls ..from the overall weak europe n US mkts...good luck..

Posted by matrixcool > 2013-10-01 10:31 | Report Abuse

JTFX---I agreed with your comment on KLCI…The Gap support of 1753/1747 formed on 09/09 might provide some support for our indices..

September is a good month for me( after the disastrous month of August), closing 10 trades only need to cut losses on 3 counters the other 7 especially Puncak, Inari,Supermx bring in some handsome profits..Cheers !!

Happy Trading…

Posted by htyeap125 > 2013-10-01 11:59 | Report Abuse

congrats, bro matrix. I only made good profit from puncak but luckily more than enuf to cover losses in digista

Posted by ProfitMan > 2013-10-01 12:02 | Report Abuse

Matrix, Congrats on yr good Sept month. Good to hear you rolled in good profits. Locked in some profits on my Inari but still holding on with some more depending on how the price trends. Engtex is very close to my target of 1.50.

Posted by matrixcool > 2013-10-01 12:12 | Report Abuse

Bro htyeap125,Digista also one of my lost counters..

ProfitMan, Engtex hit my first TP $1.45, i am also holding on it but may raise my Trailing Stop at $1.40 to protect my profits..
Happy for you too on INARI..Look so strong !!Anyway i am very happy with its performances..

Happy Trading..

Posted by ooi1955 > 2013-10-01 13:30 | Report Abuse

Dear Matrix, I'm happy I made a small profit from Puncak too but I'm still holding on to Digista WA.... Thank you for the generous sharing of your daily thoughts & analysis.

Posted by ProfitMan > 2013-10-01 13:34 | Report Abuse

Matrix, I am now monitoring Cliq-WA (warrant). The trend looks bullish and there is a surge in buying interest today. Its immediate resistance price is 0.44 with an immediate support of 0.335. Would appreciate your comment on this counter.

Posted by htyeap125 > 2013-10-01 13:48 | Report Abuse

Chart looks bullish. I notice an immediate resistance at 0.385 / 0.39. follow by 0.44. Consistently trading above it 30EMA since the close on 20Sept. Today's volume is almost 4 times yesterday's. Bro matrix, need your comment n clarification, thanx.

Posted by matrixcool > 2013-10-01 14:25 | Report Abuse

Thanks Bro htyeap125, your reading is about the same as mine...

ProfitMan

CLIQ-WA—It is trading below its Descending Line.
It generates a “Buy” signal on 19/09 after moving above the “doji” formed on 18/09, on 20/09 it surge upward with 5x Av volumes and hit high of $0.37 on that day. Consolidated for the past 6 days and a break above $0.37 today indicates it may try its immediate TP at $0.39 and Final TP at $0.45 by calculation.
Immediate support is adjusted to $0.36/$0.345 with stop loss if $0.33 is violated.

Happy Trading....

Posted by ProfitMan > 2013-10-01 15:13 | Report Abuse

Matrix & htyeap125, thanks for the comments.

Posted by matrixcool > 2013-10-01 16:58 | Report Abuse

ooi1955—A small profits is better than loss…sometime when trade is against us it is important we protect our capitals. There is always another counter to trade…

Posted by ooi1955 > 2013-10-01 21:04 | Report Abuse

Oooh..Matrx...it's the cutting loss that is so painful to me but I do understand your logic in protecting our capitals. I guess I have to pay for my own experience one way or another. But its so good of you to give me a much needed wake up call. Thanks again Matrix.

Posted by ProfitMan > 2013-10-01 23:25 | Report Abuse

ooi1955, it can be very painful initially when you cut losses. All investors go through that feeling including myself. But once you appreciate the big picture, i.e. maximize profits most of the time and minimize losses, your total profits will engulf your total losses. Short term pain for long tern gain.

Posted by matrixcool > 2013-10-02 01:26 | Report Abuse

ooi1955--once youy learnt how to cut losses as what ProfitMan said..In the long run you will start to make $$$...

Posted by matrixcool > 2013-10-02 02:04 | Report Abuse

2nd Oct
\
1) ALAM—Formed a “Doji” today during consolidation which is a good sign. If it can break above $1.47 it is expected to move higher. The consolidation started with a “Doji” formed on 20/09 at $1.57 and today “Doji” could signal the reversal of trend.
Immediate Resistance is adjusted to $1.47 /$1.51. Exit if $1.42(Doji Low) is violated.


2) ENGTEX—Break above $1.45 today and reach new height of $1.47 but closed at $1.44 due to It profit taking activities. The immediate Resistance is adjusted to $1.47 with final TP of $1.54.
Immediate support is adjusted to$1.40/$1.36, any consolidation towards support is a good time to collect for future play. Trailing Stop is adjusted to $1.40 to protect my profits.( May sell into strength to lock in profits if break $1.47)..

2) IJMLAND---Tight movement today ends with a short black candle. A trend reversal might be near the corner. It re-tested support of $2.67 again, it may try the strong support of $2.60 if $2.67 is violated.

Today sold Dayang and take some losses when it broke $4.70, Muhibah when broke $2.29 to protect my capitals.
I am monitoring: Perdana, Jetson & Huayang for future trades….
HAPPY TRADING…

Happy Trading...

Posted by ooi1955 > 2013-10-02 07:22 | Report Abuse

Thank you, ProfitMan & Matrix. Your advice is indeed much appreciated. Today DJ turn green so I hope everyone have a good & profitable day.

Posted by ProfitMan > 2013-10-02 10:38 | Report Abuse

Matrix, does the chart of Inari today suggest that it may be at the point of reversal? Thanks.

Posted by matrixcool > 2013-10-02 10:48 | Report Abuse

ProfitMan—Inari—Moving into uncharted territory and keep setting new high..I am happy you are still on this real winner..Reversal I don’t think so but to consolidate is unavoidable . Even a Bull needs rest after charging for so long.
It is your decision whether to Sell or not but I would set a Trailing Stop to lock in profits…

Happy Trading...

Posted by ProfitMan > 2013-10-02 10:52 | Report Abuse

Matrix, thanks for comments. How do you usually set your trailing stops? I usually take a very arbitrary calculation of about 3% to 5% off the highest price. Don't know if this is a good way of doing it.

Posted by miketyu > 2013-10-02 10:54 | Report Abuse

May I ask which trading platform has the stop loss feature? or we must monitor the price ourself instead of setting a price automatically?

Posted by matrixcool > 2013-10-02 10:59 | Report Abuse

ProfitMan, i normally look at the immediate support if the stock is moving higher to lock in profits. 3% Swing is also a good practice..Good Lucks as I always say “Selling is the hardest part “, decision is yours.

Posted by ProfitMan > 2013-10-02 14:30 | Report Abuse

Matrix, pls take a look at the chart of MPHB Cap (5237). The candlestick gap up today. Is this considered as a bullish continuation pattern? This is one counter I am monitoring as I am holding its shares.

Posted by matrixcool > 2013-10-02 20:58 | Report Abuse

ProfitMan,MPHBCAP-- this is a winner too...

Broke out from $1.52 with volumes today and hit a new high of 1.62 with a Bullish white candle.Today “gap up” of $1.54/$1.52 becomes strong Gap support. Any retracement provides buying opportunity. Immediate support is adjusted to $1.57.Tp at $1.70 by calculation.

Happy Trading..

Posted by matrixcool > 2013-10-02 22:38 | Report Abuse

3rd Oct

1) ALAM— Couldn’t clear the immediate Resistance at $1.47 today. Consolidation looks over for Alam to move higher. It is expected to try next Resistance at $1.51/$1.57 (Doji formed on 20/09).
Exit if $1.42(Doji Low) is violated.

2) ENGTEX—Set a new high today at $1.51 which is slightly below estimated TP of $1.54.Today it closed with a ”Shooting Star”which is a Bearish signal. It is expected to start its retracement soon unless $1.51 can be taken out.
Immediate support is adjusted to$1.40/$1.36. Trailing Stop is adjusted to $1.40 to protect my profits or may sell into strength.

3) HUAYANG---Managed to break and stay above $3.00 (Signal Buy) after 4 previous failed attempts. If break $3.07 it is expected to move higher to test $3.15/$3.22.Final TP is $3.50 by calculation.
Any weakness towards support of $3.00 is a good time to collect for future play.
For trading I will exit if $2.96 is violated.

4) IJMLAND---As suggested it starts to rebound today and move to the high of $2.75 with an Engulfing Bullish Candle. It is expected to re-test its next resistance at $2.80 and if it can break through with volumes IJMLand completed the cup and saucer pattern.(It has on 3 previous attempts but failed to close above $2.80).A break above $2.80 will take it to next strong Resistance at $2.97 and TP $3.22 by calculation.
Immediate support is adjusted to $2.66/$2.60. Exit if $2.60 is violated.

Today sold 50% of ENGTEX to lock in profits at an average price of $1.48.

I will be away for 2 weeks holiday (oversea) this weekend so not monitoring any stocks at the moment…

HAPPY TRADING…

Posted by ProfitMan > 2013-10-03 00:41 | Report Abuse

Matrix, as always, appreciate your comments. Have a good holiday. I have unloaded the remainder of my Inari shares today at 1.10, my trailing stop. You're right, selling is important. Cheers.

Posted by Metta > 2013-10-03 01:46 | Report Abuse

Hi Bro Matrix

Have a safe trip n stay healthy .

Happy holiday !