as far as short-term TREND is concerned; ie on the 1H chart, it's ranging !! building a base to either go UP or DOWN yes ?? if breaks above, the first resistance 1H facing is 50MA

if yellow line cannot support, go back all the way to previous swing low ??

https://invst.ly/7118u

noted rchi on 06514a ... hmmm, for the rest of the day, what will she do ???

ya gem .. he is such a GEM :) loves him to bits ... so cute and super intelligent !! some condo do allow small pets ??? i still have my sugar glider too .. ah this one small enuf for your condo :)

most welcomed gem :) today no outing :( maid was here and my toy poodle was making so so much noise !! so gotta be with him .. hehehehe

wah alex .. what does it mean ??? u meant a trader moving stop loss to breakeven too soon ???

beware of miss HY not repeating the past price action !! building a pretty tight box waiting for the 20MA to catch-up and then break down from the box ... for those who wud like to buy and hold, it's not a bad idea to see a change of market structure on 1H chart first ?? why hurry trying to buy low and then buy lower to average down ?? might as well buy higher but with a peace of mind ??

https://invst.ly/710xi

hmmm end of the day no matter how bullish / bearish we are on HSI, it is still advisable to play day-trade !! in which case, there is no other way but to learn how to trade the 1H/15m/5m charts ... the saying 'TREND is your FRIEND' is so true but in the case of HSI, we shud just play the SHORT-TERM TREND :) forget about daily and weekly outlook yes ??

toyang .. if u look at fgv weekly chart, price is still sideways ... building a base or some TA folks call it stage 1 .. note also price is whipping back and forth around 50MA which is a sign of sideway market .. there is a support structure (in yellow) and it's not a bad idea to look for long opportunity when price hits this level ! but do NOT set skyhigh target price cuz we are still playing this range market .. the so-called mark-up stage (UPTREND) aka stage 2 will only happen when price successfully breaks above the range which later turns into support !

https://invst.ly/710f4


Posted by toyang > Mar 28, 2018 04:21 PM | Report Abuse
Connie, how about FGV?

and then immediately triggered a lot of buy orders at previous swing low !! vol after the big red candle also very high on 5min chart ?? LOL

suddenly so high volume .. i guess all combined eagle !! shorties covering shorts ... those who long cut loss orders triggered

i probably take a peep at weekly 200MA around 6ish (i think the other i mentioned 6.45 to 6.3 levels)

wah margin call again on miss HY ah ??

oh ya got ... 1000 points to reach 200MA eh ??

puts still got meat meh ???

oh ya rchi ... maybe i will join u on calls :) i will check which one u buy cuz i blur blur

hmmm this miss HY today moved towards the upper boundary of the descending price channel and dips again !! meaning to say this downtrendline is legit and for a strong rebound price must really break this ... however, must be very careful of a false break like yesterday

hahaha gem ... we all (including asa, eagle, hawk etc etc) hug him tight tight till he begs for release :)

and all becuz of captain rchi :)

wahhhh all the putties very happy now :)

toyang ... based on daily chart, the trend is down with obvious LH and LL structure ... there cud be two scenarios now :-
1) price retests previous support as resistance and then further dives (as shown by the arrows); u need to monitor bearish price actions when it hits the resistance eg topping tail candle
2) price may move sideways waiting for the daily 20MA to catch up and resist further upward movement
for a downtrend reversal, 1st thing is we need to see price goes back above the daily 20MA ... then moves further north to break the red line and retests it as support !!

https://invst.ly/70mzu

Posted by toyang > Mar 28, 2018 02:56 PM | Report Abuse
connie, what u think about accsoft? thanx in advance

hehehehe jordan ... apa alright ? :) jordan toothbrush n maggie mee ah ??

oopsi ann ... looks like the sharks have no intention to push mediaC higher !! think they all kenyang kenyang already after the 3rd 'cleansing' :(

ya eagle i also 6c6c only ... the timing thingy is not easy to handle ! plus if day-trade, the entry has to be so precise else forced to hold overnite may get heart-attack the next morning :)

hehehe rchi .. okay handcuffed u till price reaches 28800ish which is roundabout the daily 200MA ... as with us30, price only rebounded strongly when it reached that level :)

hmmm eagle .. this sort of question at times it's very difficult to answer !! it all depends on what your trading timeframe is ??? for day-traders, they focus on 1H/15m/5m ... their 'major' support & resistance levels are from the 1H chart ... for swing traders, they look at weekly/daily/1H ... so macam mana ???

rchi .. if u feel so strongly about the underlying trend which is down, why u don't hold longer and not bother about the intra-day movements ?? the other day u held overnight and averaging down the next day, that's a very bold move !! i really cannot stomach that kinda volatility :) the bid spread can be terrifying

yes hawk ... at times opportunities are lost when i waited for confirmation :(

hi ann .. might go out tomorrow !! so, better post this first :) i am not sure if the sharks are still inside this counter to play or not ... they may have dumped all in 3 rounds ??? if we solely based on TA now, price must find support on highlighted zone in order for short-term uptrend to resume !

https://invst.ly/70c52

noted with thanks rchi dear .. xoxoxo

okay rchi dear .. gotcha !! aggressive entry with a tight stop .. i do admit at times when i wait for the 5min candle to close, it can be a BIG GREEN ONE .. in which case i have to wait again for price to pullback :(

hawk if u don't mind, can u also share your opinion on above ?? thanks so much

the REFLEX thingy is so right cuz things change in split second !! u can mark a level on the chart ... go pee-pee for 5min ... come back price has flown :)

but rchi, i want to ask u something which i am still fickle-minded most times ... eg when i look for a breakout trade entry on 5min chart, i always wait for the 5min breakout candle to close first .. then i enter on next candle ... some conservative traders wud wait for price to trade a bid higher than the breakout candle which ayoyo does not recommend ... what is your opinion ?

i must agree when it comes to goreng counter, forget about classic technical analysis ... as what ayoyo said throw all your indicators focus on price and volume on the 5min to see how the sharks push up ... distribute and so forth !!

hmm speaking of goreng counter ... DATUKKKKKK how is your panpage ??

but u all cannot hentam me like crazy later !! i will show my ROI after rchi's teaching and u all cannot question my credibility :)

hahahaha rchi .. climax and anti-climax !!!

ok ok then i learn from rchi ... but i will charge subscription to u all :) mr otb charges RM1,000 i charge RM990 (RM10 discount) !

we have to man-nap rchi .. dissect his brain to see how he reads the market accurately :) no worries we will ask dr murphy to help cuz he is a genius !!

ya rchi u are probably right .. miss HY is back to the descending price channel !! this morning shoot above the line and then u-turn in a blink of an eye (bull trap) ... let's see if she will find the lower boundary for support again .. hope to see price at weekly 200MA for a meaningful rebound play ! this is probably a level enticing lots of long-term investors (those who still believe in miss HY) and long-term-support rebound traders thus pushing up the price significantly :) LOL

rchi .. i think still can sikit sikit cuz all the emotions / psychology of peeps are written on the chart :) else will end up like buy 8.08 AD 7.97 till 7.45 and hope/pray price to bounce up !! LOL

US30 (dow futures) rebounded strongly from the daily 200MA (the usual suspect) .. if the short-term uptrend (note the 20/50MA bullish crossover) on 1H chart is still intact, she shud be able to find support from the black horizontal line and then push up again from there to test daily 20MA resistance (also near the 1H downtrendline) .. so, important to monitor the horizontal support if price is retracing from now ??

https://invst.ly/706fq

lol clean toilet bowl :)

asa ... me talking about hengyuan not your hsi !!

then again .. perhaps they have time-tested such trading strategy and still make tonnes in the long run :)

yes rchi ... playing dead cat bounce must try to buy near bottom and get out at first resistance !! that's why as said before, the timing must be pretty accurate based on the 5min chart ?? but some traders just buy at a price they deem low and then start AD till until when ??? lucky they get a good bounce ... what-if NOT ??? something to ponder :)

hmmm how do they play such game with miss HY ??

1) start to buy 8.08
2) averaging down till 7.97
3) when price further dropped to 7.45; no post on further averaging down .. assuming the trader did not; perhaps getting ready to cut loss due to margin call or something
4) if the trader is a short-term one, then the trader shud be aiming to take profit at 8.2 ?
5) so the trader's risk reward is 0.5; say the trader bot 50,000 shares he is risking to lose 24K to earn 13K ???

very aggressive strategy which not many can adopt ??

noted rchi ... better not set a high target first until we see price breaks above the channel which turns into support thereafter !

https://invst.ly/6-rs9

oh u sold :) congrats

rchi .. i tot got cw expiring end of the month !! not just aiming for upper downtrendline first ah ???