Dunknow, nice Mr Bean pic ...hahaha....

connie, juz dropped by to say hi to all here. Hi!

Thanks Duit. ...hahaha....You too have a fantastic evening.

kurakura, matrix has kindly shared his excellent knowledge on trailing stop with us. I will try to address your other questions to the best of my ability.

(1) & (2): We do not employ any specific scan to build the watchlist. But there are various software filters (available freely) that can be used to generate a list of stocks to look at. There are also paid softwares in the market that alerts you on stocks to watch out for. However, do note that these filters are not the holy grail to a jackpot stock. They give you a starting point to analyze these stocks further.

From this stock list, you can go through their indicators and candlestick patterns to filter further. You will probably realize that different indicators of the stock can send different signals which can confuse the trader. So, there is no one indicator(s) that will indicate when to buy or sell. But you can look out for trading patterns or bullish/bearish reversal candles to make your trading decisions.

We do prefer to trade stocks that are in Wave 3 (stage 2 if you use staging). The trading plan is for a specific stock. Irregardless of the the overall market, we trade according to our trading plan. Whether its an uptrend or downtrend, there are always stocks that goes counter to it.

(4) It is best to keep our trading counters to a max of 5 to 6 stocks at any one time. If not we will be over trading. Different individuals will have different risk tolerance. So, the risk taking can vary. There is no really hard and fixed rule to it.

st51, the support of Wintoni at 0.30 is still holding. We do not advise on trading decisions. You will need to refer to your trading plan for guidance. TA tells us the history of the stock but it does not tell us the future. Please trade according to your trading plan. If you do not have a trading plan, we would strongly suggest you draw one up. Then you will have a better idea of how you want to trade this stock.

-------------------------------------------------------------------------
May 8, 2015 10:45 AM (Earlier comment on Wintoni):

shengtat, Wintoni is in a correction phase with an immediate support at 0.31. Resistance is at 0.35. It is currently testing this 0.31 support level and appears to have support today at 0.30. We do not encourage averaging down. You will need to decide on your next course of action whether to cut loss or to see if the support of 0.30 is strong and sustainable. Hope that helps.

MainBesar, Systech is trading near its support of 0.33. If 0.33 holds, you can expect a technical rebound. If it doesn't, you will be looking at it to test its next support at 0.305. It has 0.365/0.37 as its immediate resistance.

--------------------------------------------------------------
Posted by MainBesar > May 11, 2015 01:30 PM

Gud afternoon tcb crews n everybody... Need ur help on systech... Any ideas on dis counter... Should it rebound from this level???

shengtat, Wintoni is in a correction phase with an immediate support at 0.31. Resistance is at 0.35. It is currently testing this 0.31 support level and appears to have support today at 0.30. We do not encourage averaging down. You will need to decide on your next course of action whether to cut loss or to see if the support of 0.30 is strong and sustainable. Hope that helps.

-------------------------------------------------------------
Posted by shengtat > May 7, 2015 11:24 PM

hi, i bought in wintoni last two weeks with 0.355 and my SL is 0.3/15%
Should i cut loss or hold or average down?

Good morning Dunknow, tsy88 and all. Thanks Dunknow and tsy88 for your daily morning wishes. Appreciate it. Hope your trades are making money.

Dear All, we hope all of you have a wonderful holiday. Thank you for all your wishes.

westinee, thank you for your very encouraging words. We are glad you found it useful. A lot of credit goes to all the people here who are very courteous and understanding when posting their comments here.

newinvestor8, many factors can cause the drop. They can be economic or political factors. Any of these can result in a loss of confidence in the market and it can be sold down defying any FA logic on the stock in the short term.

-------------------------------------------------------------
Posted by newinvestor8 > Apr 28, 2015 02:57 PM

Dear TCB,

What cuase the market big adjustment?

huatgor289, thank you for your alert.

Good morning novice8, Dunknow, and all.

Btm has broken the crucial resistance of 0.20. The next meaningful resistance is 0.255.

plaxo 88, KKB:

Bullish and currently consolidating. Immediate resistance = 1.73. Next resistance levels are 1.81 and 1.94. Immediate support = 1.64.

SMRT: Bearish and sideway trading at the moment. Strong resistance at 0.525. Support is at 0.48.

As Yoda mentioned, we do not advise on trading decisions as different people trades differently based on their risk profile. So, you will need to decide when to buy and sell.

---------------------------------------------------------
Posted by plaxo 88 > Apr 22, 2015 10:52 AM

dear TCB, what your take on KKB - today is 1.70. whats your advise on TP and when to sell.

Same question on SMRT. Thanks

Anastasia Alexie, Marco:

Trading sideways between the support line of 0.165 and resistance line of 0.185/0.19. Although some accumulation is taking place, it needs to break out of its resistance line with volume to trend up.

We usually look at the weekly and daily chart. Some traders do look at shorter time frame charts like the 15m chart for day trading.

-------------------------------------------------------------------
Posted by Anastasia Alexie > Apr 21, 2015 06:37 PM

Dear TCB,

Please advice on Marco.
Usually when looking at chart, which chart will give you indication price to enter for short term? 15m, 30m or 60m?

MainBesar, one cannot conclude that the shooting star is a bearish signal for RGB although it does throw caution into the wind, in case its a false breakout. You might want to monitor the trading patterns for the next 2 sessions to have a better indication of its direction. It broke out from its key resistance of 0.184 yesterday with volume which is good and as with stocks that had been trading sideways for a prolonged period, you can expect lots of over hang on the stock where any upward movement will attract selling pressures. If the star is taken out tomorrow, it will resume its upward momentum. Do set your stop loss and trade accordingly to your trading plan.

------------------------------------------------------------------
Posted by MainBesar > Apr 21, 2015 06:15 PM

Tcb crews... Need ur help on rgb... Just entetrd today @ 0.185... But it closed with shooting star candle... It dat bearish signal for rgb?? Thanks in advance

i3i2i1, yes, something like that. We don't want to let a winning stock turn into a loss making or break even stock because of greed.

i3i2i1, we set trailing stop when the stock is riding on profits. Say, your stock is now 1.00. You need to ask yourself how much the price need to fall back down before you decide you will not risk it any more and take profits. So, you may decide the price to be 0.95. If it does not hit 0.95, you will stay invested in the hope that it could go beyond 1.00. If it hits 0.95, you will just sell to take profits off the table.

You will not find this function in any system. This is set by you. The trailing stop for each trader can vary depending on your own risk profile.

Good Morning all

noisyboy, E-Force:

It has been consolidating and has bottomed out at 0.595. The consolidation could be over and it is now testing the resistance of 0.67. Next resistance is at 0.73/0.74 if 0.67 is overcome. Immediate support is at 0.645. Stop loss if 0.595 is violated.

mslee81, Benalec:

Has hit a bottom of 0.735 and underwent a technical rebound. The bearish engulfing candle of 15/4 suggest a possible consolidation setting in. Immediate support is at 0.785/0.79. The resistance levels are 0.835 and 0.875.

tsy88, congratulations on your ifcamsc. The next 2 TPs are 1.63 and 1.73. Remember to review your trailing stop.

chrisgeorgeis, Matrix is away at the moment. Kindly email him at:

matrixcool02@gmail.com

(02--reads zero two)

-------------------------------------------------
Posted by chrisgeorgeis > Apr 15, 2015 12:55 PM

hey!

could I be added to the mailing list?

chrisgeorge.is@gmail.com

Duit, you are most welcome bro. I heard the HKSE market is pretty exciting and much more active and volatile too.

duit,

1)Hutchison Whampoa (0013):

Underwent a technical rebound. It is facing stiff resistance at 99. If it breaks its resistance at 100 with volume, it will have broken out of its downtrend line successfully. It has strong support at 96. It is losing momentum and may go into sideways consolidation.

2)SINOPEC CORP (2386):

Down trending. It has broken down from its support level at 7.8. immediate support is at 6.84 while immediate resistance is at 7.12. If the selling persist, its next TP is 6.46.

Hope that helps. Duit, you not only make money from KLSE but also from HKSE ...hahaha.... Great stuff, bro. Respect you. You are an international trader ...hahaha....

Anastasia Alexie, please excuse our ignorance. What is DMS? Thanx.

SumuaOk, thanks for your kind comments. We do encourage traders to pick up on TA and hopefully by sharing our information, we can encourage others to learn and trade with TA or even FA and in the process exchange trading experiences and info here.

tsy88,a sustained breakout of ifcamsc from its 1.40 resistance will start a new bullish phase and will take it to its TP1 of 1.47 and TP2 of 1.57.

sherrina, AWC:

Bullish after breaking out on 23/3 when it took out the 0.39 key resistance. It broke out from its pennant on 13/4. Immediate support is at 0.475 and if broken, strong support at 0.44 awaits it. If it breaks its psychological resistance of 0.50, it will be setting new highs. The presence of a bearish price/rsi divergence suggest a possibility of the stock going into a consolidation phase.

--------------------------------------------
Posted by sherrina > Apr 14, 2015 09:53 AM

Hi Dear TCB,
Please advise on awc?
Happy trading ....

tsy88, Ifcamsc: If successful in breaking the resistance of 1.40, it will scale new highs. S1 = 1.40 & S2 = 1.35

Ifcamsc WA: testing resistance of 1.28. S1 = 1.23.

Both looks bullish.

--------------------------------------------
Posted by tsy88 > Apr 13, 2015 01:37 PM

Dear TCB

Appreciate if you can give the latest update on Ifcamsc and its Wa. Thanks.

tsy88, thanks. Very poetic today ...hahaha.... Good one too.

michaelwoo, just to add on to sunlight's input on fibo. I don't think traders who use the 4 stage cycle rely on fibo. Fibo is more extensively used in wave reading as you are aware.

In Fibo retracements and extension, identifying the swing low, swing high and retracement swing high/low is important. It would be best that you check for any fibo tutorials online to learn more about them as it will give you a more detailed understanding on the subject. Do bear in mind that we do not use fibo independently but rather in conjunction with other indicators.

-------------------------------------------------
Posted by michaelwoo > Apr 13, 2015 09:00 AM

Hi Sunlight. Thanks for your input on Fibonacci TA reading. Anymore input on the issue on Fibonacci Retracement and Extension like how to draw on the charts is much appreciated.

belkg, matrix is travelling at the moment. We will pass on your message to him.

kc18, that is a good one. ...hahaha....

Anastasia Alexie, Perdana:

It is breaking out from its triple bottom pattern when it broke its 1.30 resistance which has bullish implications. Immediate support is now at 1.30 and further support can be expected at 1.25. The resistance levels are at 1.35 and 1.43. A successful breakout will carry a final TP of 1.61. Just to reinforce what I have been advocating previously, for long term investment, do check out its FA.

No one can predict if its TP will be achieved and when but do set your trailing stop if you are a short to mid-term trader and for long term investment, you will need to review and monitor your long term TP at regular intervals based on its latest FA.

Yes, taking your total cost divided by the total share will yield your average cost..

-------------------------------------------------------
Posted by Anastasia Alexie > Apr 12, 2015 04:18 PM

Thank you.

Forgot to mention bought price. Luckily ProfitMan added extra thought.
To get average is total price/total share, is it?

May I know what you think of Perdana?

I bought it for long term, will it reach it's TP?

tsy88, Dunknow, thanks for your concern and kindness. ....hahaha... I guess old habits of working late is difficult to kick but will have to try.

kk8888, there is usually no time limit in selecting the highest volume candle. A lot of judgment is involved in determining the support (S) and resistance (R). We try to look for the recent high volume candles.

When to time your entry into a stock depends on your trading strategy. Some traders like to collect near S levels and scale in when it breaks a strong R or some will only want to move in when it breaks out from a strong R. We usually cross check the breakout to various indicators, be on the look out for price reversal patterns to ascertain the breakout and be prepared in case its a false breakout by setting our stop loss price.

After breaking out from the R, you can use any methods for your TP and below are just some suggested ways:
1. use the next R
2. use Fibo projection
3. decide on how much you want to make on the stock and sell when it hits that price. If a stock is 0.90 and you want make a 0.05 on the stock, you will sell when it hits 0.95.

There will be other ways traders set their TP. The above is some of them.

----------------------------------------------------
posted by kk8888 > Apr 12, 2015 10:34 AM

HI TCB, i hv few question here

1)you choose highest volume candle as your support & resistance, do you have time range like the highest volume candle appear within 3 month or 6 month or 1 year?
2) once it break the resistance is that the best timing to enter? Anything we need to put aware?
3) after break the resistance and it show positive sign, how do we determine our TP ?

thanks

Anastasia, novice8 is right. The 8% gain works out to be the same for 1,000 or 3,000 units. If you have bought those 3,000 at various prices, then you will just average out your cost over the 3,000 units and a gain of 8% on the average cost would also work out to be the same for 1,000 or 3,000 units.

Novice8, thank you for your ever willingness to help out. Appreciate it greatly.

kikiewew, thank you for your comments. Have a nice weekend.

Anastasia Alexie, not necessary that 35K is the amount you owe the trade but its the total value of the stock that you have traded during that period. Some of your trades could have been settled previously and your current amount owing could be less than the 35K. I hope that is what you were enquiring. Have a good weekend.

Dunknow, happy to help out. Yeah, Matrix weekly mails are very useful and provide useful lessons on stock trading in a real life scenario.

Imwest88, so happy to hear from you. Thanks for your kind words. Hope you are in the best of health and making lots of money from bursa and not forgetting enjoying your single malt whisky ...hahaha... Have an enjoyable weekend too.

Anastasia Alexie, cumulative turnover is the sum of the company's turnover over a financial period.

No need to be apologetic. We will assist where possible.

Dunknow, ...hahaha.. your questions are always welcome. We will try our best to share our trading experience with you.

Based on your scenario, we need to see if the stock is sold down on high volume. If it is, then the selling pressure has probably not subsided and for collection, you may want to wait a while to see if the support at 0.915 holds. Usually if a support is broken, I would think twice about adding more of the stock. If it closes between the support and our stop loss, it is testing the support level. Needless to say, we also need to confirm the strength or weakness of the stock by cross checking with a range of indicators and by assessing the candlestick pattern.

There is also a chance that the stock price can recover and rebound above the support. That is why we set our stop loss 1 or 2 ticks below the support to allow for this tolerance. Once the stock hits our stop loss, we usually do not think twice in selling off the stock. If not, the trader would still be holding on to it and hoping that it would recover.

Please remember that before you enter into the trade, you have already analyzed the stock and set your stop loss as the absolute maximum tolerable price you will allow to drop before calling it quits. So, no point in holding on to the stock and hoping for a price recovery. Might as well liquidate and move on to another potentially more profitable trade.

If it touches your stop loss and close at the support, you can hold out a bit longer to assess if the support can hold. But if you detect a lot of weakness in the stock, it is best to get out to protect your capital. For very disciplined traders like Matrix, they cut off at their stop loss price without a second thought.

srash, YongTai:

Currently attempting a price reversal but is facing stiff resistance at 0.80. It needs to fill the gap resistance at 0.80/0.83 supported with good volume in order to validate the reversal. It is expected to face another strong resistance at 0.89. Immediate support rest at 0.74. Due to the overhang in the stock, you can expect selling activities when the stock attempts to scale higher.

----------------------------------------
Posted by srash > Apr 8, 2015 10:18 AM

hi TCB,

can advise on YONGTAI?

expectation to next move

Many thanks

BursaFollower, YongTai:

Yongtai is not a growth stock based on its latest financial standing although it has got proposals of a JV for property development on the table. For starters, without going deeper into its financials, it is making an annual loss with alternate years of negative cash flow from operations. So, we can't possibly classify it as a growth stock at the moment.

_______________________________________________
Posted by BursaFollower > Apr 9, 2015 08:56 AM

Dear TCB

is YONGTAI a growth stock?

Novice8, you are welcome ...hahaha... hope you made some good money on it.

newinvestor8, the MPay selling is to be expected in its consolidation phase as sunlight has correctly interpreted in his analysis. Furthermore, there is a bearish price/rsi divergence. As long as its strong support at 0.275/0.28 remains intact, the consolidation is healthy.

twoplus, the consolidation of Hexza is over and it has taken out the gravestone dojis convincingly with good volume too. It has the potential to hit 0.90, its 1st TP, in a matter of time although no one can tell whether it can be achieved today. If you are trading this stock, do follow your trading plan. Good luck.