"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 .
bighunter - apologies for the late reply as working in the day. Perhaps if you don't mind, you may like to read my previous posting on how I trade. But then again, at times it may not work and I have to go for break even and cut loss. all the best !
hi inwest88, thanx for ur reply, i am working as well. Now just on my PC to check n read.
Do u have any system / software that enable u to identify a particular stock to trade?
Cut loss is a common phenomena when market is against our decision. Like wat bro matrix has emphasized again and again to set cut loss level even b4 entering a trade
bighunter - no particular system. For trading ( besides my core portfolio of blue chips) just look at the to 100 volume counters and shortlist a few and just watch the price / volume movement and trend. But you have to remember their performance of the past few days.
PASDEC: Stage 4. downfall. Immediate support at 0.66 next support at 0.635. Immediate resistance level at 0.685 next resistance at 0.710/0.705. Do exit if 0.635 is violated, and do calculate your risk/reward ratio.
Bs1688 - IFCAMSC Stage 2. Bullish. Today it shows a bit of weakening so i have sold my to protect my profits first. Immediate resistance of 0.52 Next resistance level 0.53/0.54. Support level at 0.475 and 0.425. Daily RSI indicator still showing bearish divergence. TP of 0.58 and 0.615. Trailing stop/stop-loss at 0.475/0.47
Under correction. It is now testing the support level at 0.79/0.80. If broken, will find further support back at 0.72. Immediate resistance is at 0.83. The stock is still weak and may not be out of the woods yet.
As at 2/9/2014:
The support at 0.79 is still holding. Selling pressure seems to have eased off. If you are thinking of bottom fishing, you may want to consider a stop loss at 0.76. Still need to overcome the 0.83 resistance. Strong resistance is expected at 0.89/0.90.
Bearish mode. Temporarily found a support base at 0.355. If broken, it should have further support at 0.335. Resistance levels are located at 0.39 and 0.42 respectively. Selling momentum seems to be tapering off and possibly some accumulation taking place in the stock. Recommended stop loss is 0.33 if you are bottom fishing.
Under consolidation in a symmetrical triangle. Strong support at 1.01. A break in price to 1.08 with volume would signal a breakout but could meet with strong resistance at 1.15. If 1.15 is surpassed, it will re-test breaking the next resistance at 1.27. Suggested stop loss is at 0.98.
Appears to be breaking out from its round bottom pattern. However it needs to take out the resistance of 0.275 convincingly to confirm the validity of the break out when it will attempt to fill the gap resistance of 0.305/0.32. A successful gap fill will see it re-testing the high of 0.37. Should have good support at 0.275.
tsy88 - good morning - yup. Ijacobs my favorite counter. Thus I am always watching its movements. Efficient went up to fast and so is Persona thus didn't chase. Looking at EPMB, Careplus, Systec and Dnex, Pworth (some with poor FA) and see how their momentum today. See if can doa quick trade in early trading.
Inwest88 - i think Iris now on downtrend. Was staying above 40 fod so long. I see more downside for this stock, maybe to 33/35 before a rebound can be seen. Ijacobs retraced to 43.5, more than 40% before ot rebounded!
tsy88 - as you know although charts are a good reference / guide, I also rely on other factors. Some counters can see a drop in price but can suddenly reverse and vice versa. Thus have to monitor and focus very closely and attentively. Each share has its own characteristics. Sumatec and PDZ the market leaders dropped less than 30% but why Ijacobs fell by 40%. On the same note samudra was showing great straighten a few days ago but then fell. It's a battle of the minds in the the share market. Of course there is no right or wrong in any approach one takes. Just be comfortable and confident in your own trading style, If it does not work, cut loss and exit. Then analyse what went wrong. As time goes by, one can be a better and wiser trader. Going for marketing / breakfast.
Inwest88 - tm932 told me to buy Dnex yesterday at 34 but you cant chase this stock. Systech new high. Epmb share spread very little, made quite a lot on this counter last time. Careplus laggard. Pworth also cannot chase. My views only.
Hope you profit again especially on fun quick trades. Happy trading.
Inwest88 - yeah, agree. The syndicates/manipulators are so smart, you cant beat them. They have a physchological edge over the ordinary trader especially contra players.
# Posted by RI77 > Sep 2, 2014 10:50 PM | Report Abuse Bro. matrixcool, Am i in your mailing list? I have not received any recommendation stocks from you. God Bless. #
HI RI77, The weekly summary is sent as an attachment, did you check that?
If you still haven’t received it, please email me again at:
Matrixcool02@gmail.com ( 02reads zero two)
Note: The stocks I mention in my email is not a Recommendation, I am just sharing with you what stocks I am trading now.It is NOT a Buy recommendation. If you choose to trade the same stock do set a Trading Plan and observe the Stop Loss level I mentioned. I pick losers too.
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 .