"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 .
tsy, dunknow, inwest, ariff, connie, duit and all, Good Afternoon
Thanks duit for that caution on warrants. You are right tsy, what a volatile market. Yes, expect the unexpected. On the flip side, volatile markets does present a profitable trading opportunity while at the same time, if traded wrongly, can lose big time. Timing and a calm mind is needed.
Good morning profittman, tsy88, dunknow n all TCB sifus. =)
yes, Dunknow.. klci has failed to break up the MA 20 on thursday n friday. MACD turned red on fri.. need to tighten trailing stop. USD/MYR reach new high on fri night at rm4.31. FOMC meeting on mid of he month. volatility is quite high..
Thanks Profitman and jasanor for sharing your view. At this moment,i hope ppl will trade with trading plan or risk management...dun cincai masuk and then get stuck...
Hi,Inwest...hahaha,luckily got a bit luck lor...if no luck,dare not play lor....thanks ya....not to forget TCB I am newbies, many thing to learn from sifu & seniors ...never easy in this sharkie market...
tsy, Dunknow, ariff, jasonor, inwest, connie, duit and All, Good Afternoon.
Dunknow, KLCI faces an immediate resistance at 1606. It will probably trade sideways and will continue to be volatile, in my opinion, although I can see the index possibly being pushed up artificially towards 1630. All the fundamental issues are still unresolved. Low oil price, deteriorating MYR, and an unstable political environment. To top it up, emerging economic datas are revealing slowing economies globally with the exception of US. So, its difficult to see a bullish KLCI.
The DJIA will remain volatile too with the US rate hike still hanging in the air with a support at 16000 and a resistance at 16670. The sooner the Fed get the rates out of the way the better it is for the Dow.
soulmad, glove counters are worth monitoring. Key beneficiaries of the weak MYR and glove demand can be pretty consistent. Ruberex broke its resistance of 0.725 today and if it breaks it resistance of 0.75, it will be bullish. Carepls is still trading within its sideway rectangle. Breaking 0.48 will mark a bullish move. Comfort is also range bound and need to clear its immediate resistance of 0.71. However, do be cautious of Supermx as they may be affected by S&P's downgrading of Brazil's credit rating and they did not turn in a good result in their latest financial report.
Good morning. Appreciate if u can give Ta analysis on Vs. Is it the norm for shares when they trade ex bonus or when split to go down? Seen in many instances that even good Fa stocks tend to drift lower !!
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 .