"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 - good morning. Despite most stocks rising yesterday, the sentiment was not that encouraging and I just did 2 intra trades with 4 sen and 2.5 sen gains on Nihsin and IJacobs respectively.
good morning to matrixcool,profitman,yoda,stay_foolish & all the super chart reader,inwest88,tsy88 & forummer...hope we can see forest again soon,hihihi...forest mean green mah...green green green...
Inwest88 - dow again down and will be dragging markets worldwide down. Pretty difficult to trade now. We are also now in correction mode which hopefully will not last long. Trade with extra caution !!
Good morning tsy88 and Dunknow. tsy88 - yup, very difficult to pick stocks thus have to select those under-valued ones and keep for medium term. For penny counters most have dropped by 30 to 50% from their highs.
CENSOF(5195) —Hit my target of $0.67 last week, which I locked in more profits. Formed a Bearish Harami Cross last Friday,is this the price reversal ? Maybe some weakness towards support of $0.605/$0.595, strong support is at $0.58. I won”t use this pattern for the primary trend reversal yet, but would like to see it acted as a continuation pattern for the primary uptrend. Immediate resistance at $0.63, if breaks will re test $0.66/$0.67/$0.70. For a short term trader stops loss if< $0.55.
Under correction after hitting a high of 0.62. It is now trading under the bearish engulfing candle of 7/10 which pre-empted the bearish sentiment on this counter. It broke down from its support of 0.475 on 13/10 and will likely test the next meaningful support level at 0.42. Immediate resistance is at 0.505 and will need to fill its gap resistance of 0.515/0.525 with volume for a price reversal. You may want to consider a stop loss at 0.45.
Duit - good morning. Saw your posting pretty late. Your prediction that our index will drop to 1725 us indeed very scary. By time we see that level, most stock prices would have melt! Let's hope not!
Good morning and happy trading. Lately, some new forumners started share news and predictions without using TA. I thought this is forum is for technical analysis? Soon, it became the same like other forums, with posting like run run...buy buy...bloodbath...etc.
So sad, this is the only forum that uses 'pure' TA that i found but parasite started to spread here.
Inwest88, tsy88, michaelwoo, Duit, zan122208 and all - Good morning.
It is very important to have trading discipline especially during bearish times like this. If the stock hits your stop loss, you will want to seriously exit it without a second thought to avoid being a long term investor in the stock. Do trade with care. Many traders have a trading plan with stop loss and trailing stops but may not have the discipline to execute it. Just a friendly reminder and remember "MPML" - Maximize Profits Minimize Loss. Happy trading!
zan122208 - welcome and thank you for your comments. We appreciate your concern and thankfully, so far, visitors like your self, have in general been mature, smart and responsible. But we do accept that as an open forum, there can be comments like those from time to time. However useful information of any sorts that would help investors in their trading are most welcome as we believe in information sharing for the benefit of everyone. We hope you have a very fruitful day in the market and thank you for sharing your thoughts.
duit - please continue to be yourself. We know that is your style of writing, your directness and you sincerely mean no harm. Feel free to continue sharing your thoughts. Although the market is bearish, I believe there are still pockets of trading opportunities but finding them is not easy in this environment.
jasonor > Oct 14, 2014 12:39 PM | Report Abuse dear tcb, what is your view on fbmklci? any rebound soon?
KLSE is currently heavily oversold and some technical rebound can be expected soon. It is trying to climb above its psychological support line of 1800. If able to stay above 1800 it is expected to re test 1802.34 and 1809 level,very strong resistance expected to be at 1824. During this rebound expects those traders that did not take early losses to start to clear their position. Today it hits a low of 1790 and this level will be its immediate support. Failure to hold will bring it down to the next support at 1780.
To answer your question: A rebound is definitely on and it is most likely to be short lived.
Dear TCB, Still holding MPAY shares. Looking at the TA I see a rebound with positive MACD & Stochastics. What is your view ? Better to hold or to cut loss ?
ck-IFCAMSC Ifcamsc a potential catalysts include stronger than expected GST jobs. Despite knee-jerk selldown yesterday and even index breaking the 1800 psychological support,IFCAMSC keep uptrending. A decisive penetration above immediate resistance of 0.49 will drive prices higher to retest 0.52 and 0.585 in medium term.Supports are located at 0.455 and 0.415. A stop loss if 0.41 is violated.Do keep an eye on the broad market sentiment too. Happy trading.
Inwest88 - good morning. Dow erased all its gains and again went into minus territoy but luckily only 6! Hope today is better than yesterday! Nihsin looks strong. Some stocks have shown signs of rebound. Inari went as low as 2.34, a level not seen for so long! Happy trading !!
Inwest88 - take a look at HIL. The Edge Financial Daily mentioned that company hakf year profit more than double that of 2013 and they have cash of 101.7 million. Moreover share spread is very little and could be potential privatisation target, etc. Holding up well and did not tumble!
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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 .