"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Matrixcool,good morning to you...hahaha,yeah,profitman & team are doing very well,agreeeeeedd!oso,"Still, TCB is always my Home.... "...can I chnage to my = OUR? kikiki
dino limo PUC free shares Since its given to you free, you can chose to hold for higher return if you're an investor. If you're a short term trader you can sell and lock in your profit.On a weekly chart the next resistance will be 0.185 and 0.215.The choice is yours dino limo.Happy trading.
Dunknow, Jobst has an immediate support at 0.445 and an immediate resistance at 0.48. If 0.445 fails to hold, it would test its support level at 0.395. It could be trading sideways in the short term. Please bear in mind that Jobst is still looking for a core new business. Do set your stop loss if you are thinking of accumulating it.
hi profitman,thanks for your fast reply.May I know when you mention fail to hold,is it mean when closing times,it should be at minimum 0.445?sorry for many question,thanks again,Profitman
Dunknow, yes, if the support of 0.445 is broken through and it stays below it, then it could trend towards 0.395 which is suppose to be a strong support level. At the moment, there seems to be good support at 0.44 at the very least.
Don't worry about the questions, bro. Please feel free to pose them.
Haven't been posting on TCB for a while because porfitman and team are doing a great job here.But TCB is always close to my heart and I would like to post some trading experience here from now on.
MIECO--- I was flushed out yesterday by raising the Trailing Stop too close to protect profit. A lesson well learnt ! I could have chosen $0.615 (As $0.62 was a previous breakout and become Resistance turns support) instead I have chosen $0.64.( as immediate support is at $0.65.) Well, this is part of trading and Selling always the most difficult part. Of course I am still very happy with the returns from Mieco trading, just want to share my experience here as many have asked me about Trailing Stop before. Again it proves no one knows exactly including me.
Technical—Break above $0.70 today, the next target is estimated at $0.75/$0.80. Stop Loss if $0.69 is violated.
by HLE - Momentum Idea - IDEAL IDEAL: Ripe for an eventual breakout Ripe for a rebound after consolidating sideways in the last four weeks. A decisive breakout above RM0.50 will spur prices higher to RM0.515-0.55 zones. Cut loss at RM0.45
FBMKLCI 1,821.25 (+4.29pts, +0.24%) Blue chips withstood selling pressure across the board after investors locked in recent gains.
MSCI Asia Pacific Index (-0.6%) Asian stocks fell from a six-month high, tracking declines in European and U.S. equities, as telecom companies led losses.
Top Gainers: YTL (+2.44%), PPB (+1.91%) and Skpetro (+1.54%) Top Losers: Genting (-2.46%), Astro (-0.94%) and Ambank (-0.933%)
US stocks declined for the second consecutive session on Wednesday, sending the S&P 500 to its lowest level in two weeks.
S&P500 2,098.54 (-0.40%) DJIA 18,096.96 (-0.60%)
*Private-sector employment data on Wednesday showed continued gains in February but at a slower pace than in the prior month. ADP reported employers added 212,000 jobs last month, below January’s revised gain of 250,000.
Stocks to watch: 1) TA ENTERPRISE; Technical BUY with +24.4% potential return *Last: RM0.770 Target: RM0.875, RM0.970 Stop: RM0.730 *Timeframe: 2 weeks to 2 months
Mike, yes, there are books and websites that explain resistance, support and trailing stops. In some charts, clicking on some keys will display the S and R too.
Different traders use different methods of determining R and S. Some will use trendlines. One can map out the trendline for a stock trading in a channel and buy near S and sell near R. Yet others, may use Fibonacci retracement levels to decide or even pivot points. This link here may be of help to you:
I personally use primarily volume and candlestick patterns as a guide to determine R and S and cross check it to trend lines and Fibonacci retracement levels. But please bear in mind that different traders employ different techniques and it will work just as well.
For trailing stop, as the price trends up, I set it at 2% to 3% off the highest price. Which means that 2% to 3% is my maximum tolerant level for the price to trend down before I lock in profits. Sometimes my tolerance level can be higher at 4% depending on how bullish the stock is as I try to ride the profits as far as it can go. Again, different traders have different views on this but the most important thing is that the trader is happy with the returns he/she gets. This is just my personal trading preference which has worked for me but may not work for others.
Hope the above helps. Others may want to share their thoughts on this too. Would be interesting to see how others trade.
-------------------------------------------------------------------- Posted by Mike Kong > Mar 5, 2015 02:00 AM
Dear TCB,
I have just found out about this forum here hence I'm just reading up. I have 2 questions to ask if I may,
1) how does one decides/ determine SL, resistance & support level? 2) is there somewhere I can understand better about trailing stop?
Thanks everyone & special thanks to Matrixcool for introducing me to this forum.
Immediate support = 0.575/0.58 ; Immediate resistance = 0.64 If support of 0.575/0.58 is broken, it will test its support at 0.54. There seems to be an emerging buying interest with selling pressure easing off. It is in consolidation at the moment. Stocks that trends up need a breather but do watch out for the support level at 0.575/0.58. A breach in this support may signal further weakness in the stock although the support is not at risk at the moment.
I read Matrix cool mail... I am observed Fajar support at 0.450/0.455, it pretty much hold at this lever, Mwong3 the KLSE TA guys also give pretty good comment about it. hope to see this stock go beyond 0.515 as he mention. anyone have comment about it
Syndicate_101, you are right in that the support of 0.45/0.455 of Fajar is holding well. It is a strong support level and if this support remains intact, it is poised to test its resistance. A quick glance at its latest FA does not appear impressive, something to keep at the back of our mind.
Wanted to add on top of the Fajar. from Volume spread analysis, it seem like bottom reached by today and yesterday candle. VSA call testing and should give substantial move sooner
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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....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .