"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 .
tsy88 - ...hahaha.... you like Wednesday. ..hahaha...
Mike Kong - I think the good sentiment will return and certainly the fear factor will be reduced greatly. The sell off on most stocks over the past few days could offer some opportunity for traders to buy in lower.
Thank god the interest rate maintain for the time being but i think it is only a matter of time. The market seems slow today making it a boring morning.
can you share your insights on TMS and PRIVA? I know that PRIVA is a frequent question but are there any changes on the outlook of this particular counter. Thanks!
Asiapac: Currently sideways, trading in a rectangle with support at 0.215 and resistance at 0.245. Appears to have bottomed out at 0.195.
GBGAQRS: It broke out of its resistance of 1.30 with volume on 13/3 and also broke out from its downtrend line before it came under heavy profit taking. Its 1.30 support level seems to be holding well thus far. Immediate support is at 1.27 while immediate resistance lies at 1.39/1.40. If its support at 1.30 continues to hold, it could re-test its recent high of 1.45. You may want to consider a stop loss should 1.27 be violated.
Moses Sinnappen, [19.03.15 20:23] A short follow up on ES Ceramics.
The key development is that the MYR0.275resistance was breached recently (bullish sign), even though it has pulled back lower now. It even went to a high of MYR0.31 before that. So long at the uptrend line is intact, there should be a stronger upward bias.
So an entry at current level looks like a good one given the recent bullish sign and healthy pullback whereby uptrend line is still intact.
Traders may use the uptrend line for cutting loss with little downside risk. Alternatively, stick to the MYR0.25 support as benchmark, which is more critical but higher downside risk.
Target prices if MYR0.31/0.315 followed byMYR0.35.
Momentum Idea - MPAY MPAY: Bottoming out following Triple Bottom breakout “Triple Bottom” breakout above critical resistance near RM0.24 on 11 Mar 2015 suggested potential bottoming out. Buy opportunity emerges following share price retraced to the resistance-turned-support level (RM0.24). Further upside targets are at RM0.26 and RM0.27, with a long term objective of RM0.305. Conversely, immediate supports are at RM0.24 and RM0.235. Cut loss below RM0.23.
Stage 4 of Market Cycle. Trading in Downward Channel between $0.265 and $0.315. Strong resistance at $0.315. Break above $0.315 may test $0.33 and $0.35. Break below $0.265, may find $0.24 as stronger support.
Stage 4 of Market Cycle ended at $0.425 on 1/12. It begins its new stage 1 market cycle which trade from $0.42 and $0.615 for medium term. it is expected to trade between $0.48 and $0.56 in short term. If break above $0.56 may find resistance 1 at $0.615 and strong resistance $0.64. For short term trader, cut loss if $0.47 is violated. for medium term trader, cut loss if $0.42 is violated.
The long term up-trend is still intact. After hitting high at $0.99 on 25/2, it has been trending downward. The long term up-trend line and immediate support at $0.805 looked very frail. A break below may find support at $0.78 and strong support at $0.745. If $0.805 is managed to hold, it is expected to test $0.835/0.85 and $0.88 again.
Stage 2 of Market Cycle which is very bullish. It breakout from immediate Falling Resistance Line with volume on 20/3. However, it followed by a Spinning Top Candle the next day which show weakness on testing its immediate resistance at $0.4 and $0.45. It may find $0.345 as immediate support and $0.32 as stronger support.
I have some questions in my mind, hope you don't mind me asking. In your trading plan, will averaging down (AD) within your plan too and is it encourage to do so? Thank you.
When mahathir son took over yinson n skpetro at initial stages stocks went up like rocket,, same thing happening to opcom now... TCB please put this counter on your radar
teyl333, we don't mind. Please feel free to ask and we will try our best to share our experience with you.
For me, I do not average down if the stock is weak, has broken down from a support level and has hit my stop loss. No, we, TCB, do not encourage AD. Once a stock is weak, it will be sold down in the near term. For some reason(s) traders do not want to hold on to it. As the popular saying goes, "you do not want to catch a falling knife". If the stock keeps trending down, there will be a point in time where you will not have the financial resources to do so and moreover, it requires time and lots of renewed confidence in the stock in order for it to turn bullish again.
Under this scenario, it may be best to monitor for the selling pressure to subside and to look out for bullish reversal signals before re-entering if you are still keen in the stock. It is also worth finding out why the stock declined in the first place. If there is a fundamental issue with the stock, you may want to liquidate when it hit your stop loss, get out and look for other more profitable stocks to trade.
However there were instances where the stock trended lower from my entry cost where I do accumulate more provided the support level is intact, has not hit my stop loss, FA is intact, bullish catalyst is present, strong buying interest remains and the stock is on a bullish phase like wave 3. This is more like accumulation rather than averaging down.
So, AD is not in my plan and TCB does not encourage AD either. The minute it hits my stop loss, I am out clean without a second thought, accept that I was wrong in my analysis of the stock and move on to another stock. After all, we will have winners and losers in our portfolio.
------------------------------------------------------------------- Posted by teyl333 > Mar 23, 2015 03:40 PM
Dear Matrixcool/TCB,
I have some questions in my mind, hope you don't mind me asking. In your trading plan, will averaging down (AD) within your plan too and is it encourage to do so? Thank you.
johnny cash, thanks for the alert. Appreciate it. Yes, I agree with you. Opcom is moving into a bullish phase. The broadband project is fueling interest in this stock.
hahahaha..... profitman... itu Dunknow sudah silap ma... I said Majlis Perbandaran saman ma... not me la... If I saman RM100 then you dapat RM51 I keep RM49 for myself... Good?????
Still very busy life is it???? Must take enough rest ar....
Majlis Perbandaran Bursa Malaysia?MPBM…ok ok…ic…yeah Broduit is nice,siow siow,but funny yet sharp!u too,broProfitman=GenerousMan=TactfulMan=SentimentalMan …kikiki
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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 .