duit ... as said it's okay to chase high or low if one knows what he/she is doing ... like the pro who always have their strategies to chase high / low and not blindly :)

i am still learning darn hard to trade like the pro ... after following a few of them, one thing in common is that they DON'T chase price ... they form a BIAS be it bullish or bearish based on higher time-frame chart ... if bearish, then they will patiently wait to SELL / SHORT on rally (definitely not chasing the lows unless the momentum is strong and they will trade based on the inside bar strategy ie short when price breaks the low of the mother bar) .. this is what they meant by trade the trend instead of fighting it yes ???

in the case of HSI, looks like bearish bias on daily time-frame ?? price has broken the strong 50EMA dynamic support which has previously been able to hold for further upward movement ... so, the professionals wud most likely wait and wait for price to retest the BLACK downtrend line .. if they see bearish pin-bar or bearish engulfing at this line, then they will pounce with a stop loss some pips higher than the high of the bearish candle (short on rally!) ? this will give them a higher probability trade cuz they trade in-line with the bigger pic trend ?? of course, if price goes back up above the trendline, then the bearish bias is negated !

any comment on above approach ? :)


https://invst.ly/60px6

noted with thanks duit on your investment definition

yes thenewbee ... all the funny-funny waves (UP, DOWN, SIDEWAYS) are caused by the short-term gila-gila traders who buy and sell basing solely on technicals !! why the serious-serious fundamentalists bother to entertain ? :)

oh i see duit ... good for ya ?? tot u still hold for investment :)

ignore all the short-term noise and aim for one's long-term target based on the commendable fundamentals of the company !

FA folks shud just remain silent and wait patiently for the counter to move its way UP ... let the gila-gila traders play along the waves yes ?? LOL

that's why i don't understand why the FA frens in HY need to defend every movement .. the short-term fluctuations shall be left to the TA traders who ride on the troughs and peaks cuz there can never be ONE WAVE that can go vertical no matter how good the fundamentals are yes ?

lol duit .. why u kekekeke thenewbee ? :) your unisem is rallying today .. still 'invested' (not very sure your definition of investment eg time-frame / strategy as in based on those FA folks margin of safety etc etc) in this bugger ? if yes, it's way below your buy price :(

noted rchi ... will still be cautious !!

very bullish engulfing on daily and at 200EMA support on weekly ... i think it's okay to be more bullish bias now yes ???

hahahaha not very perfect and sexy double-bottom aka backside though :) not proportionate one eh ??? LOL

ok .. shall NOT try to predict the market !! just let mr market shows us the way ..

ha drop ??? more up if break the double-bottom neckline !! hehehehe

if legit, then still more or less the same target as below !!! okay or not ??

Nov 30, 2017 04:23 PM | Report Abuse
on 1H CI chart we can see perhaps a double-bottom has formed .. if price can break the neckline resistance and using classic formula to compute target will be :-
1728 - 1710 = 18
1728 + 18 = 1746 which is between 10EMA and 20EMA of weekly

hmmm let's see now if this double-bottom is legit or not !!!

https://invst.ly/5-z39

thanks duit .. hopefully not too complicated to follow based on fraction of share price !

duit .. how do u execute the 30/40/30 strategy ? AD or AU ? for AD, what is the principle u follow ??? how do u know what level to AD ??? some traders use FIBO .. eg 30% at 38.2F 40% at 61.8F and 30% at 78.6F ??

if u manage to get low, congrats duit ! but u are going to invest anyways, so long way to go yes ??? at least previous high at 0.79 which is the upper boundary of the range on daily ?

wah really propping UP your simeprop :)

noted duit ... our bomoh can do wonders if they want to yes ? :)

wah our CI is really boring !!! how long more want to consolidate ???

eh seriously ... now really drop to 200EMA on 1H chart ! u see or not ?? previously this bugger acted as resistance (23rd nov 10:00am) and now we see if can hold as support or not for more upward movement ?

or u already invested very low this ocncash ???

duit ... sometimes i am a little bit confused !! when market is so-so now and if u want to INVEST (or cud be your position trading in actual fact), is it not correct to slowly collect at low ?? why invest at high price ?

hahaha .. u forget meh ??? buy low sell high :) if u ask me to chase that big green candle, then it's not my method yes ?

invest or trade duit ??? for swing trading, what if i say i wait for price to test 200EMA support on 1H chart .. then if there is a continuation pattern at sight, it's a valid setup for swinger ?

hawk .. u trade asia / london / new york session ? yes those wonderful settings make life so much easier for traders :)

if they trade the 4-hour chart, they just need to come back 4 hours later to see if their orders get filled etc etc ... or if they trade daily, then they only check the status at the end of the day ! so effective this way yes ?

or is there such trading platform that i am not aware ??? i see forex traders having so much fun with this set-n-forget platform :(

can't agree more abangadik .. thing is some just follow to a tee without knowing why and what they are trading ! perhaps this is the reason for some flags flying around cuz it's always easy to blame yes ? eg rchi can be at the screen 24/7 and so scalping or day-trading is not a prob cuz he can monitor closely ... but what if someone with 9-5 job and hardly any screen time follows rchi to trade intra-day charts ?? got time to follow BUY in the morning but no time to see when rchi sells during the day :) our problem is also there is no trading platform that allows stop order / limit order to execute the set-n-forget trades :(

what we newbies need are constructive discussions (intellectual reasoning) just so we can decide to be bullish or bearish bias and then take action from there ! if can show chart based on technical analysis all the more better since ah con is obsessed with charts !! LOL

folks .. there is no ONE trading strategy / method that fits ALL ! what works for rchi ... what works for duit ... what works for mr OTB ... what works for hawk ... what works for mr teh may NOT work for us cuz we are NOT them ... who is better ? NEITHER cuz all are equally good if their winnings are consistent based on their individual strategy :) if we want guidance / reference to shorten our learning process we must first of all understand truly how they trade and then decide which approach suits us the most ... or we can also tweak their style here and there to make it more suitable for our personality .. lifestyle .. risk appetite and so forth !

at times things can get rather confusing and complicated :) when CI is down but one's recommended counter is up, the comment is 'don't worry CI down cuz that counter is not blue chip and the sector to which it falls under is still bullish etc etc' ... when CI is down and one's recommended counter is also down, then the comment becomes 'market sentiment very bad and so all counters down' ... then if the counter goes up again the next day, the 'story' becomes 'told u just a temp setback, fundamentals still intact' ! LOL .. trading is like a box of chocs u don't know which flavour u are getting next :):)

noted rchi .. aiya no more 1750 to end 2017 ??? :(

wow congrats alex on hengyuan :) prob must be on cloud 9 since his gf closed +0.9 !!

on 1H CI chart we can see perhaps a double-bottom has formed .. if price can break the neckline resistance and using classic formula to compute target will be :-
1728 - 1710 = 18
1728 + 18 = 1746 which is between 10EMA and 20EMA of weekly

https://invst.ly/5zhej

rchi .. u too have a great weekend !!

alex .. don't want !! QR releasing today ah :( but wud like to see a spectacular QR just so my good fren probability will earn big bucks :)

thanks rchi for your insight .. will be cautiously 'bullish' !

wah allwin u are on accumulation mode eh ? :) i got nothing now !!! waiting for QR season to end ..

hopefully this one looks better ..

https://invst.ly/5zh4u

rchi .. say if i only look at technicals, the 200EMA on weekly does carry some weight ie price does react around this level ... not saying that CI is out of the woods ... but in near term, may at least test the area between 10EMA and 20EMA on weekly chart ... which is around 1740-1750 ... perhaps this will end 2017 and then see what happens next ??? what say u ??

https://invst.ly/5zh46

hehehe rchi dear ... ok save some breath to witness mr market's reaction on HY QR :)

when it comes to exiting a trade, there are so many ways .. ONE example is using moving average .. price turns below 10EMA (for short-short term traders) .. price turns below 20EMA (for short term traders) .. price turns below 50EMA (for medium term traders) .. price turns below 200EMA (for long term traders eg; if not mistaken, mr otb's style) .. so, question is WHAT-ARE-YOU ?

happy trader .. maybe u shud rephrase your sentence to 'those who always follow ANYONE'S call will always be in deep shit' .. many times stressed here u must know how to execute momentum trades alongside rchi .. if 'buy high sell higher' does not agree to your risk appetite, then better do the other spin of 'buy low sell high' !

rchi ... truly PENTAstic :)

maybe the bears are now saying 'u kidding me ? last minute ambush when i was busy devouring my honey' :(

wah sunshine .. last minute the bulls tested this level !! let's see how the bears react next week ...

is it even prudent for a short-term trader to enter a trade KNOWING that QR is going to be released the next day but NOT KNOWING that QR is gonna be good or not ? the big WHAT-IF is hanging in the air and may cause a GAP DOWN which is nightmarish for traders ??