the search has finally ended !! target ICON888 found :)

eh rchi gave up on the klci bears already ?? :) from 1H, price has broken down from a range (yellow box) .. may retest the lower boundary of the range as resistance around 1717ish which also coincides with 10EMA .. after which if there is rejection again by the bears at this level, price will probably rotate lower to 1710 ~ 1700 range .. finally at 200EMA support on WEEKLY level, the big boys will come ?? nice ending or not ? LOL

https://invst.ly/5xe0a

most welcomed kimee ... sorry i don't know how to adjust the size of the chart to make it visible !!

and if not mistaken, they all like to trade the new york sessions ??

oh yes ewtrader .. they have asia / london / new york opening n closing !! really 24 hours .. i do follow other forex traders like nial fuller / justin bennett / dale woods ... all these advocates trading the daily charts and the most 4h charts ?? interesting stuff

rchi .. u are probably right and in which case i will definitely miss :( but how nice if can go as per attached ?? then all plan in place and trade without emo :) LOL

https://invst.ly/5vaz9

oh ewtrader ... u are now into forex trading with rolf ? :)

sorry may not be closing below 20MA cuz price may still be under this level even with the rally !!! can be price breaks the new low after the rally :)

congrats pretty life on supermax :)

rchi ... if i see price rallies back to 1730ish level with signs of rejection and then closes below 20MA confirming bears coming-to-town, i will short and put a stop above 1730ish ! fair enuf a plan ?

wow rchi .. that does not sound good !! epic defeat by the bear :( in this case, must really have a look at your 06504H

ewtrader .. are u still holding ksl ?? i sold mine when price dropped back into the downward trendline ... the trading idea (breakout of triangle consolidation) is violated :( huhuhuhu

rchi .. ya i started in 2013 and so have NOT seen grizzly bear before !

looking at so many counters ... either in middle of nowhere or consolidating or great for shorting !!! macam mana swing ?? hehehehe ... gotta trade counter-trend i suppose since KLCI is also behaving as such ???

i can imagine how busy u will be if SHORTING is allowed :)

noted with thanks rchi

happy trader .. time for REBOUND ?? are u also bearish bias then on the bigger picuture ? :) what is your target for the rebound ?

hmmm can't see the chart ... try again !

https://invst.ly/5vafu

kimee .. i am not sure if this chart from investing.com is adjusted for the rights cuz it looks different from the one in chartnexus .. based on this chart, a base is forming .. in this case, it's a range between 0.275 to 0.36 .. so, potentially price may go down to 0.275 and then rebound again to 0.36 depending on the oil price i suppose ! conclusion (1) trend is sideways (2) range trading (3) until price breaks out from this range, status quo

https://invst.ly/5vafa

oh ewtrader .. your waves calc also ends there eh ??? too early to tell .. just put the target there first ... have also input ~ 1706 now which is the 200EMA weekly support (as pointed out by namaste this is also a very nice 50F retracement !! THANKS namaste :) expecting her to retest 1730 as resistance today also lack of energy so far ! LOL

Posted by EWTrader > Nov 15, 2017 06:36 PM | Report Abuse
Connie......my take for fbmklci is that it will be ending at around 1710 (the end of this ZZ corrections ) :):)

they say big money always look at 50EMA and 200EMA support to load again ??? true or not ?? LOL

1710 is a classic computation using double-top pattern .. and it also coincides with the congested support zone as pointed earlier .. but take a look also at the interesting 200EMA support at the weekly when price dipped brutally !! perhaps that's also a level to look out for yes ?? :)

https://invst.ly/5uixu

allwin .. probably ! let's focus on the candles development aka price actions

klciraider ... rebound or not, ultimate target is still 1710 at the moment !! possible price to retest 1730 support turned resistance tomorrow and then bears take over from there ??? let's see ...

most welcomed stillbee ... oopsi 1730 no rebound !!!

stillbee :-
1) i expect a rebound from 1730 cuz this is a strong support area that may warrant some reactions .. from here we will see whether the bears will take over when price reaches a resistance level
2) i expect a rebound from 1730 cuz very often when a pattern (in this case a triangle) is broken price will retest the boundary of the pattern
3) intra-day, price did break 1730 now but we need to see closing for confirmation
4) i put a target at 1710 to complete the double-top chart pattern .. but this is NO guarantee (still need to monitor the fight between bulls and bears on daily basis) ... thing is when i look at the chart i need a story just so i can complete the story if possible .. else i don't know what to plan etc etc
p/s - resistance / support are not specifically ONE line .. ONE price. we have to look at the zone .. if we scroll to the left of daily, we can see that the ZONE between 1710 and 1730 is very congested and thus not a bad idea to focus on this ZONE rather than ONE LEVEL !!

Bbit .. the only guidance u need is the followings :-
1) does momentum trading suit my personality ?
2) buy high sell higher - can i trade this way consistently ? can i manage this psychologically ?
3) chasing high / breakouts - am i able to set my cut loss at a logical level just so i won't be stopped out prematurely ? is my risk/reward ratio acceptable if i set my stop too low ? (note u may be chasing after a BIG GREEN CANDLE and if your stop loss say 1 bid lower than the low of that green candle, are u still able to have a good risk/reward)
4) if your answer is affirmative to all of the above, then by all means learn momentum trading to the core and trade this methodology with confidence and consistency :)
good luck

stillbee .. this is the chart ! 3rd point says 'break and retest double-top neckline'

Posted by connie > Nov 14, 2017 05:32 PM | Report Abuse X
oh yeah .. let's see whether that gree ascending triangle is valid or not !! just drew some probable price actions on the chart :)
https://invst.ly/5u37z

hi stillbee ... i am no expert but we can learn together. can u tell me more about your observation on the chart ? bearish bias ? the reasons ? are u saying that price may either (1) retrace to retest the support turned resistance level - red arrows or (2) continues her southbound journey without any retracement - purple arrows ?
p/s - u may also refer to the chart i posted yesterday

Posted by stillbee > Nov 15, 2017 09:59 AM | Report Abuse
Hi Connie, I'm new here and just observing. Am starting to learn about TA. Attached chart from my minuscule experience....appreciate any comments.
https://invst.ly/5uffw

oops by the way it shud be a descending triangle (the downtrend descending triangle) !

twobits .. how come now my saved charts look so big one ?? :( ever since i changed my laptop and re-install investing.com !

allwin ... noted with thanks !

rchi ... don't talk to retard or conman :( not worth a while !

oh yeah .. let's see whether that gree ascending triangle is valid or not !! just drew some probable price actions on the chart :)

https://invst.ly/5u37z

wow rchi sapu'ing the strong counter :)

errr maybe use double-top to measure the target !!

twobits ... becuz of the (1) 20/50EMA crossing (2) double-top (3) retest of neckline, am monitoring for continuation patterns such as flag / pennant for further downside !

which steel are u in allwin ? :)

wow so strong sell of palette !! duit, have u taken profit already ?

must also cheer for thenewbee with the unstoppable hengyuan :)

hawkkk ... happy lunching :)

by the way, i don't trade warrants cuz not sure which is good :)

muthu ... was monitoring the dip for an opportunity to swing but i like retracement between 50F and 61.8F !!! i like buy low sell high (the hallmark of swing trading) not buy high sell higher (the motto of momentum trading) LOL

yes, happy trader ... totally agree on the different views !! this is the reason there are so many trading methodologies around :) thing is it's very risky to chase price when 200EMA is above price on 1H and daily !! i am monitoring a possible reversal swing play thus waiting patiently for the dip when price hit 200EMA on 1H .. if the recent swing high is a of A, then am expecting b of A (but the dip is penetrating 78.6F which is too deep for my liking) and finally ride on c of A

hope u cud see them on investing.com !!

aiya how come the charts look so big in photo ??? :(

hi happy trader .. is there a bearish engulfing on genm ? if u compare genm and gent, there is very similar development on 1H chart .. both reacted at 200EMA on 1H ... see how price of gent hit 200EMA and pulled back 50F and then continue her upward movement ? genm also hit 200EMA and then retraced near 50F as well ... if price can break out from the consol pattern on 1H, she MAY test the 200EMA on daily ! let's monitor further :)

GENTING
https://invst.ly/5sc23

GENM
https://invst.ly/5sc2b

rchi dear .. see no evil ! pretty's motto .. be happy and make money :)

small fresh meal ??? LOL !!! no no no ... that's a bad assumption :) errrr a happy meal is better cuz u are always happy-go-lucky

what is that pretty ??? i only know the first character .. means SMALL

pretty, i wud like u to be a man cuz a man-trader is very masculine :) lol