eh imoogi also here :)

i have the passion to learn TA .. i just don't like to look at FA :(:( so, i do short-cut first aka copy-cat others .. u too rchi dear, have a wonderful weekend !! later ah con go watch kingkong :) LOL

ah rchi dear ... FA i will just 6c6c what u guys are up to !! if u guys play then i know it's good :) plus i read lah articles by the FA folks ..

abangadik ... excellent advice :) play the 2nd and 3rd !!! i don't really use wave count to trade .. rather i use the trend trading strategy !

wow rchi .. excellent entry levels !!! i am working on my scan list ... don't know FA so i scan by industry played by market ... after industry, then by tech signal ...

hehehe rchi .. i am still curious why u don't like mitra :) tot u played mitra WD last time !!! now she is exhibiting technical traits of your liking ??? broke out from the range and 200ma with HIGH vol .. if the pullback is shallow, there may be opportunity .. anyways, it's okay sometimes one just does not fancy a counter for some reasons :)

rchi .. how u spotted mahsing so timely ? have u been monitoring her since she is under property ? else, let's say your scan is to exclude all counters trading below 200ma, she will not appear in your scan result ?? so, u run your scan per the industry currently played by the market eg property and tech ?

rchi dear .. totally agree with u that we must know what is hot, cold and lukewarm !! this will enable us to limit and scan more profitable counters to trade ... also cannot deny this luck thingy cuz trading is gambling ?? :)

as simple as why not have a cuppa instead of stressing out what will happen :) but it all depends on individual .. perhaps some like the thrill of riding high-impact news .. it's like sitting on a roller-coaster :)

Final Words
If you want to become a profitable price action trader, don’t obsess over the news. All you need to know is when events are happening and their potential impact on the currencies you’re trading.

Everything else is just noise.

Instead of reading the news, learn to read the price action on your charts. That way you will get the market’s interpretation of an event rather than just your own. This will help increase your confidence in any setup that materializes as a result of the news.

Never take a trade without first checking the calendar. My preference is the event calendar at Forex Factory. It’s well-organized, customizable and can setup to match your time zone, so no more fiddling with time conversions.

As long as there are no high-impact news events within the next 48 hours, I’m in the clear. Otherwise, I’ll stay on the sideline and wait for things to settle before considering the next opportunity.

this is an interesting article written by a price action professional forex trader ...

READ THE CHART, NOT THE NEWS
Do you know why I prefer price action over any other trading method?
I prefer it because it tells me the result of any news event. Better still, it paints a collective and objective picture of what just happened. Instead of trading what I think will happen or should happen, I’m trading what actually happened. That’s a much more robust approach.
And when you combine price action signals with the daily time frame, it becomes even more powerful.

At the end of the day, the market’s opinion is the only one that matters. It doesn’t care what you think, and it certainly doesn’t listen to your opinion.

I want to dig deep here because what I just stated is the root of the problem with most new traders.
Individual opinions are what get traders into trouble every time.
Well, that and an ego. Let’s face it, opinions and egos aren’t exactly a scarce commodity in the Forex market.

I get hundreds of emails each week from Forex traders around the world. One of the most common questions I get asked is whether I think a particular news event will be positive or negative.
One of the more popular topics seems to be central bank rate decisions. Traders want to know whether I think a central bank will raise rates or not at their next meeting.

But here’s the thing…
It doesn’t matter what I think or what you think.
The only thing that matters is what the market thinks. That’s it!

This same type of question gets asked about past events as well. For instance, a non-farm payroll report comes out, and the numbers surprise to the upside yet the U.S. dollar weakens.
Inevitably, my inbox begins to fill up with questions like – non-farm payroll was positive so why did the USD tank?

If you’re a price action trader, it doesn’t matter why it tanked. And if you feel a burning desire to answer the question above, perhaps you’re better off studying fundamentals or utilizing a blended approach.

My point is this…
If you love reading price charts and studying various patterns, then forget about trying to figure out how the news will impact the market.
The same goes for past events. Don’t bother trying to figure out why the U.S. dollar fell after a positive NFP report.
Just pay attention to the price action. That’s all you need.
Know when news events are occurring, but don’t try to outsmart the market. Those who do are usually disappointed with the result.
Not to mention it will drive you mad trying to figure out why the market did what it did.

wahhhh abangadik declares his love for rchikor :) i like it that u so freely express your love !!!

aiyo JT ... i did not enter all of those !!! i wish i had ...

hehehe .. i neighbour lah :)

stevie .. i no play put when the short-term trend i interpret is UP !!! i follow trend and i adopt the swing methodology ...

and u are so diversified :-
1) value investment - this one hold 3 - 6 months .. ignore all noises in between
2) momentum play - this one u are learning from rchikor
3) bottom fish - this one u probably get inspiration when u go deep sea fishing at some high class resort

jt is right ... u also geng !! i give u number 2 spot after rchi :)

i curi curi put blanket on bon if stevie don't give !

how many times u pengsan today AA ??? LOL .. u earn u pengsan .. your hengtai u pengsan !!

RCHI RCHI RCHI RCHI

knock knock
who's there
rchi
rchi who
the one who bot a few mil units

hah finally revealed ... a few million units !!!! hehehe

yes rchi .. will definitely monitor this chap !! the next malton ???

twobits ... your chart is looking so so professional !!! are u a ew international certified now ? :)

today is D day ??? dataprep ... d&o ... denko :)

OMG rchi :) from rich to richer to richest !!! SALUTE

D stock ... DBE eh ?? congrats datuk :)

wah rchi .. yesterday u sapu dufu at 1.20 and today mahsing wb !!! hehehe how much u sapu ?? then i want to calculate your profit :):)

wah abangadik .. not too high first lah !! ah con wants to come on board ... hehehe :) bagi dia test tu MA dulu .. i waiting there lah

bon ... it can also be a big bang up !! after a strong trend when price being pulled too far away from MA, normally the rubber band effect will test 10MA first as DS and then the strong uptrend continues .. thus, am watching the downward TL on m5 .. if able to go above, then good for callers :) i enter no position first cuz the momentum indicators on the 3 TFs are not aligned - m60 bearish m15 sideways m5 looks like going to hook-up ?? LOL

aiya today another tech counter on fire .. dataprep :(

oh bon .. cuz i always want to look at the big pic to see which direction is more likely !! then i go down to lower TF to see if there is anything to support the big pic landscape ! when i see the macd on m60 still dropping i pick the downward TL .. furthermore, there is -D on both m15 and m5 !!! this may not work for scalper who shud only trade with the simplest strategy / methodology ..

now u can change your nic to menothere :) so, we have meathere and menothere !!!

duittttttttt ... have an enjoyable long leave from i3 !!! i know u will be working hard :)

bon, later will try to see if i can count what u counted :)

eh twobits .. where have u been lah ???

watching the downward TL on 5m .. if able to resist, then align with 60m macd which is still dropping !! then, 20MA level on 60m will be an interesting for trend follower who trades on pullback :)

https://invst.ly/3gpza

no no duit .. i just want to understand if predicting 23555 is kneejerk reaction before market feeling stabilized and move on !

duit .. cuz last time everyone is saying market will drop with rate hike :) but now i kinda understand how market has priced in and what-not !! eh duit .. but then your 3rd tp 23555 shud be this morning ?? which means post fomc is drop first then only up ??

hahahaha me at here :):) why not me at home ??? u all are so creative .. can think of me-at-here ... hmmm i shud change mine to menothere !!

duit .. your predication of hsif surging with fed hike also super geng !! i always tot the other way around :) that's why i cannot play on news speculation cuz i am on the wrong side ..

hahaha duit ... all these taikors playing !!! i stand aside and cheer only :)

wahhhhhhhh abangadik also makan 1.20 :)

wah rchi makan ALL the 1.20 ah ???

ok noted meathere .. by the way, what does your nic mean ?? as in 'meat is there' ??? so gaya sikit u compress it to meathere ?? :)

amazing rchi .. u can help push a counter !! imagine the cap u have in hand :):)

wah abangadik also check in already ... but dufu not under tech category geh ??

noted with thanks rchi .. i just leave her on my screen first !! anyways, i don't trade momentum but rather wait for price to pullback to 10ma on daily chart to test support for strong trend then only look for entry trigger ..

duittt .. your accsoft also tech counter !! still holding ??

this tech index is in fact super strong ... this is why those really trading trend has no TP in mind ... they just ride the trend until it's exhausted :)

that's it i go check ALL tech counters now :)

aiyo any tech stock that is taking a breather now for me to hop on ??? i monitor wrong counter ah ??? MITRA !!!

of course i no worry datuk cuz datuk always plan his trade and trade his plan :)

Posted by fyh30 > Mar 16, 2017 09:11 AM | Report Abuse
good day alll.... datin... no worries... have more uplegs to go this 1 :)