oh ya eagle .. no matter !! if the theme is election counters, then still may have opportunity yes ?

noted with thanks rchi

hi adrian .. u can certainly monitor this bugger for a rebound (not downtrend reversal) cuz price is approaching daily 200MA with price support (blue box) as well .. i am not saying that price will definitely bounce up from here but it's the more-often-than-not case ... look at the 5min for opportunity ... if price breaks above that triangle downtrendline with volume and price stays above 5min 20/50MA, it's probably good to go !

https://invst.ly/73i7q

Posted by Adrian Tiong Meng Wei > Apr 5, 2018 03:44 PM | Report Abuse
Hi Connie,
Hope you not too busy with HY.
I looking serba dinamik. Any sign from rebound of recent sell off?

oh wow .. didn't know mr kyy buying back the sexy gal :) so now the question is not about FA or TA but how much mr kyy wants to earn ??

rchi .. u don't look at those election counters ?

huh ?? what's going on with umwog ? bad news ah ?? didn't read ..

very very spiteful little rascal

asa .. i didn't see rchi posts anything on cutting drb !

oh hawk .. u reckon the big 3s (us30/us500/ustec) are going to drop ? and so hsi to follow suit ?

rchi .. perhaps we need dragonslayer here to SLAY the pondan !!

eagle, since this counter is so very bearish, we are trying to catch bottom ya ?? let's use trendline and see if it works for sapnrg
daily chart
1) price has broken above the daily downtrendline (DTL) from early 2018

1H chart
1) since daily broke DTL which is a good sign, we want to see 1H to change to an uptrend structure (forming HH and HL) or at least build a base now without a lower low
2) if price goes below 0.47, then there may be a sell-off again and 0.395 will be exposed
** so, important to monitor how price actions are on this 1H chart for an early alert !

https://invst.ly/7321b


Posted by eagle100 > Apr 5, 2018 11:15 AM | Report Abuse
Sis COnnie, later you free can help chart ini Sapnrg?
50 and 51 cents should be strong support, with 54 cents as resistance? Should be hard to jatuh much further right? considering the price before this

my dear purebull ... u are very lovable :) noted on the gap up signal !

hey all these red flags are getting very annoying ... rchi's postings are not for your eyes only, we want to read too !!

dear purebull, mind to share how u wud approach our very sexy ms HY to play with her on the bouncy bed ?? LOL

hi purebull ... are u still interested with our miss HY ?? :)

unfortunately for his fan, more flags means more $$$$ for our captain rchi :)

go go go hrc :) cheerleading for rchi and adrian !!

notice stocks are moving up like klci eh ??? 1H downtrend and 5min uptrend :) as ayoyo mentioned before ... also look out for volume !!

high volume down + low volume up => bull trap (in this case, the 1H downtrend line will most likely succeed to resist)

jamieC .. if u wud like to know the intra-day movement based on technicals, then here it is :-

1H chart
downtrend .. there is a downtrendline that may block the bulls

5min chart
1) possibly more upward movement so long as price stays above 20/50MA 2) if there is any dip, watch out for the yellow box support
3) if price continues to go up, then look at the 1H downtrendline for resistance
do note 5min chart has lots of movement (every 5min we get a new candle and so price actions abundant) .. u gotta monitor like a hawk !!

https://invst.ly/730tf

oh ya allwin ... now from comfort to discomfort :) the down-south movement is so aggressive when the head & shoulder neckline was broken !

rchi .. u are good at all sorts of trades :) u are able to act like lightning fast and not hanging on to trades that don't go in your favour !!

aiya .. rchi dropped all the putties and now on drb ?? :)

morning adrian ..

weekly chart
1) price is very near weekly 200MA support
2) price is at horizontal support (refer to the box)
3) volume is drying up as price dips
4) macd histogram is forming a valley (a sign of selling bottoming)

1H chart
1) short-term trend is still DOWN
2) legit downtrend line resisting upward movement
3) price is still below 20/50MA/200MA => weakness

conclusion
1) long-term chart shows an imminent rebound
2) short-term chart is still not rosy
3) so, i wud wait for the short-term chart to show some strength first .. (a) price to break the downtrendline (b) price to go above 1H 20/50MA

it really depends on how u want to play .. say if u want to trade the 5min chart (likely u will say 'hey trend is UP here'), ps have a realistic TP ... look at the 15m/1H resistance as a guide to take profit !!

https://invst.ly/730km

ayoyo .. can't agree more that i have to find my edge :) in my years of pursuit for a system that makes sense to me, i have finally found ONE from a professional trader who uses very similar top-down approach and multi-timeframe analysis ! sincerely hope u cud share more with us .. perhaps once in a while drop us a sweetener ie a chart showing how u analyse :) u are most welcomed in this forum if u have some time to spare whilst waiting for your trade setup !!

https://klse.i3investor.com/servlets/forum/900779068.jsp


Posted by Ayoyo > Apr 4, 2018 11:14 AM | Report Abuse
With these belief systems, you will then pursue ideas, books or teachers that will guide you along your path.. Finally, tweak whatever you learn and make it your own because whatever systems that worked, it worked for them .. To follow blindly is a surefire recipe for disaster.. Find out what works for you, find your edge...

see u rchi .. have a wonderful evening !!

wow rchi .. let's witness my first crush .. oops wrong spelling :) CRASH !!

wah HRC is so low already :) oh going towards weekly 200MA eh ?

what did i miss out rchi ??? how to be a full-time trader ?? every day go out shopping :) LOL

morning ayoyo ... really not easy to be a full-time trader :) once again, thank you very much for sharing ... it is very interesting to know how a professional trader rocks-n-rolls with mr market !

thanks for sharing ayoyo ... always look forward to reading your posting cuz i always learn something ... i like to learn how to fish and not be given a fish cuz knowledge will stay with me forever but not the fish-giver :) yes, some sucker's rally can be rewarding if one is realistic about when to take profit !

ayoyo, if u don't mind, cud u share how do u scan counters to be put on your watchlist ? u use any proprietary program to do this ? many thanks

yes rchi .. dragonslayer is uniquely charming :) i came here looking for ayoyo but don't have :(

HSI failed to break above the downtrendline on 1H with a topping tail at resistance ... so long as price is below this line and 20/50MA on 1H, it's weakness !!

https://invst.ly/72azo

yes rchi ... the adorable dragon !! now he is also familiar with 12345 abc :) thumbs-up

mr teh .. about time to write :-
1) how to spot a bottom
2) how to spot a downtrend reversal
3) how to spot a legitimate rebound

very familiar with waterfalls already :)

weiii why rchi ronda-ronda in HY forum now ?? :)

eagle .. appreciate it greatly for all these info :)

for short-term trend of hsi, there is a legit downtrendline on 1H chart ... price may retest this resistance ... if manage to go above and find support at yellow zone, price may retest 309xx ... if can't get above, price will stay below 1H 20MA/50MA which is a sign of weakness ... in this case, price may retrace to daily 200MA to find support ??

https://invst.ly/729ck

will the big 3 us30/us500/ustec break below 200MA in the near term ?? or will they consolidate for some time around this level (the fight between the bulls and bears) ?? perhaps hsi will drop to 200MA first even if the big 3 consolidates around 200MA .. in which case, all will become abangadik and will move in the same direction from then on ??

hahaha i LIKE this one :) eagle is reminding us that we are PEOPLE !! okay thursday also closed eh ??

Posted by eagle100 > Mar 30, 2018 06:44 PM | Report Abuse
People, Ah Seng is next mon & thurs closed.

yes rchi .. i do notice when u play counter-trend trades during this bear period, u are very fast in reacting either cut loss or take profit .. whereas some are not even aware of things like counter-trend; thinking trend is reversing and setting unrealistic target prices :(

ya rchi dear :) there is always FIRST TIME !! and this shall become the most memorable one

once the yellow zone fails to support, HSI is also heading to 200MA :)

https://invst.ly/728po

thanks rchi for the link .. all us30 / us500 and ustec are flirting around the 200MA !

this is a tip from ayoyo on bull trap :) high vol on downtrend + low vol on recovery => obvious trap .. btw he was talking about HY !

Mar 26, 2018 10:28 AM | Report Abuse
If you guys have access to the intraday charts, spread the intervals over a one or two week period, look at the 15 and 30 min charts, then 5 min to check on the wave within the individual bar volume spikes, you can clearly see that volume has been high on downtrend while recovery volume is weak and is an obvious trap...

Wonder why the fixation with needing to catch a falling knife and buying at the absolute low? ... Let it play out by itself.. Eventually, they will show their hand.. It's ok to pay a higher price for a ticket when you have better confidence in the train departing

hawk .. did u manage to squeeze a fast one from HY ? :) i didn't trade the 5min chart cuz i was waiting for something to happen on 1H since there wasn't any catalyst on daily at all ... so price failed to get past the 1H 50MA and consolidation box resistance again :(

Posted by skyhawk > Apr 1, 2018 06:32 PM | Report Abuse
connie....HY.....am expecting a technical rebound tomoro, overall trend is still in a bearish mode. Can go for a fast one :):):)

wah datuk .. didn't trigger any SL and u are still holding ?? or now 2nd round ?? :)

Posted by fyh30 > Apr 2, 2018 10:12 AM | Report Abuse
datin... pancake gonna be tasty..

wah rchi .. your pmetal did rebound from daily 200MA :) not as aggressive as her other counterparts though !

toyang .. sold this some time back cuz there wasn't a strong rebound at 200MA as anticipated and i did not like daily 20MA catching up that may resist any upward movement !! if not mistaken, a few starbuck coffee from ucrest that's all :)

Posted by toyang > Apr 2, 2018 11:38 AM | Report Abuse
Connie's Ucrest also fly. ;)

rchi .. thanks for the heads-up !! didn't notice pmetal has fallen to her 200d MA lately .. at times price can also drop below 200d MA and then rebounds strongly (like VS) ... if price can dip to the congested area (blue box) at golden ratio 0.618, then these wud be ideal catalysts to look for counter-trend trade :) .. in any case, will definitely drill down to the lower timeframes now to monitor for opportunity cuz she may just as well bounce up from the 200d MA !

https://invst.ly/71rbk

5-min chart
so since we know price has not been able to go above 1H 50MA, do monitor closely when price hits this level if u trade on the 5-min chart !! cuz price may just be stopped out here again ... obviously, trading the lowest time-frame is always more volatile and subject to a lot of whipsaws ..

HY or HRC is still a hot stock with or without some VVIPs :)

Daily chart
If u are a trader who trades on daily timeframe cuz no time to monitor whole day, there is really no price action catalyst to go long ... 20MA and 50MA are pointing downwards ... price below 200MA ... descending triangle following a downtrend is technically bearish bias ! perhaps only go long when price breaks above the triangle downtrendline ?

https://invst.ly/71nm1

1-hour chart
ok nothing to entice on daily but i want to go long anyways .. so, let's go down to the 1-hour chart to look for reasons to buy .. (1) price has not been able to break above 50MA (2) there is a yellow consolidation box as reference point ... so, there are two options (1) go long when price breaks above 50MA or (2) go long when price breaks above the high of the consolidation box .. either ways, stop loss shud be below previous swing low

https://invst.ly/71nnl

5-min chart
or why not the 5-min chart if intend to day-trade or hold for 1 or 2 days ?? aggressive traders can go long now based on this chart cuz price is above 20/50/200MA ... this is an indication that short-term trend has changed ... however, for this short-term trend to be legit the yellow zone must be able to support shud there be a dip ... so, we may want out if this level fails to support !

https://invst.ly/71noe


so, what shud i do come monday ? LOL

ah toyang .. u are most welcomed on FGV chart !!!