juni .. re-checked your XX line !! that's a high target .. meantime, i monitor the daily 20ma retest first as target for this rally which is approx 38F

hi juni .. i was on high alert when i saw the +D on 4H (divergence on higher time-frame is always more reliable) ! then i switched to 1H and also saw +D with a double-bottom formation (first sign break of micro-market structure on LTF after a long wait) ... then waited for price to go above 20ma and retest it on 15m :):) as mentioned before, this kind of reversal trading requires tonnes of patience in order NOT to call bottom and get stopped out !!!

hawk is counting the end of this downleg as WAVE 4 and is expecting an impulsive WAVE 5 !!! i am not so optimistic as yet and choose to count this downleg as wave A and any rally from here is wave B ... this also means i am expecting a more complex correction until and unless market tells me that she is NOT :)

evel ... if u are NOT comfy with waves, then discard them and look for other TA strategy that suits ya :) i use them as a guide for terminus point ... as said before; on daily, she is at a strong SR level and so i chose not to short cuz i am expecting some reaction ... then on 4H chart, there is an impulsive 5-waves down which i can count them as wave A (although hawk is bullish on wave 5 !!) ... if we follow waves principle, what is after wave A ?? wave B rally !!!! so, how to ensure that wave A has in fact terminated and B to start ... look at the break of market structure as well on LTF chart

Posted by EVEL > Dec 27, 2016 12:47 AM | Report Abuse
so rajin connie n juni...but cant understand already the waves... so now hsi going up or down pls?

hi ewtrader .. hope u had a great xmas :) thanks for the reminder that corrective waves cannot be extended !! however, i am still not convinced that the next set of waves is gonna be impulsive ... one step at a time k ? :)

Posted by EWTrader > Dec 25, 2016 11:44 AM | Report Abuse
Connie...Hope you are able to recall the EW rules....any extensions of waves will only happen in any one of the impulsive waves and not in corrective waves.Corrective waves can be a simple zz or flat but most of the time will be in combo or complex formations.By following EW rules...you should be able to see the waves clearly.....

thanks juni for the chart and the introduction of this beautiful soprano !! truly angelic :)

Posted by Junichiro > Dec 23, 2016 11:09 PM | Report Abuse
Connie . Merry X mas - listening to Ave Maria by Andre Rieu now ..

nite rchi .. i also go watch my MISTRESS :)

abangadik ... good nite !! don't over-imbibe .. until high will do k ??

juni ... thanks so much for the waves discussion !! appreciate it greatly .. merry xmas juni :)

very interesting discussion going on between the hengtai :)

wah abangadik .. HOHOHO party starts already :) errr i am just having a glass of wine here !!

aiya juni .. like this lah :(:( WXY ... another ZZ on Y !!! rchi will be the happiest man

http://invst.ly/2zrc3

p/s - juni, do u mind upload your chart on tradingview and post here ?

abangadik ... turkey in fridge !! to be roasted on 25th lahhhhhh ... tadi dah beritahu :):) short-term memory loss eh ??

oh one minute ah .. then i must re-draw the channel on the line chart :)

wait ah juni .. let me copy your comments on the chart to read !!

hehehe ... guests all coming starting tomorrow !! will be too drunk to do anything over the weekend ... so, be rajin a bit now :) wow .. USD50bil :( okay 4&5 waves to be continued !

the channel does not touch the line chart cuz it is based on candle chart earlier .. which includes the wicks and what-nots :)

the conservative approach is that of REVERSAL trading which calls for UTMOST PATIENCE :)

hi juni ... thanks for sharing the fundamental part of topglove :) yes i gotcha on the 2 of 3 in the making ... the 1,2 and 1,2 of 3 is a very common count !! as mentioned earlier, since i use kct i choose to count as ABC parallel channel first until price breaks UP :) great to know that she is trending above the cloud !!

juni, u mind to take a look at hsif !!! there are so many possibilities with this bugger and the waves can also be extended yes ??? to reduce some 'noise' i use the 4H chart to look at the sub-structure ... conclusion is it cud be ABC which fits nicely in a parallel channel and is terminating soon or 1,2,3 current with 4&5 developing later if sentiment is really bad :( with this in mind, i thus adopt a very conservative approach using other criteria for entry ... appreciate it greatly if u cud share your tots juni :) thanks so much

http://invst.ly/2zr4b

juni ... will monitor topglove if the abc of C will progress as per attached !! hopefully won't break the yellow channel :)

http://invst.ly/2zpx0

datuk ... ok now i monitor the 15m chart !! if got chance i kawan itu rosmah :)

sorry not next week but later when hsif opens again :)

evel .. this hsif still can't get past 1H 20ma !! have to see how she fares next week ... i am rolfie stylo when it comes to reversal trade :) it takes a great deal of patience and not many can take it ... this is the reason traders tend to favor momentum play :(

ah evel darlin' .. u meant to say that sentence like 'she sells seashells on the seashore' ??

Posted by EVEL > Dec 23, 2016 04:29 PM | Report Abuse
i cant brain rhonemah and sexy baby in one sentence connie dear

oh i see abangadik ... thanks for the alert !

fgv got slaughtered again but drb still hanging there !!!

airasia new low eh ??? all reversal traders waiting ???

missed this sexy baby :(:(

eh now i can see her on 15m chart babeh datuk :)

cannot tahan already .. open platform NOW !!!

holi turki .. over-weight rosmah still flying ???

datukkkkkkkkkkkk .... gunung is in my list !! waiting patiently :) aiya rosmah :(:( kikiki

cheater cheater pants on fire !! only put inside oven .. LOLLLLL !! sounded like real just now ... but on the other hand, i also must be blamed cuz your sentence 'My biskut halia inside oven now' does not mean u are the baker :)

market is always there for us to see .. my platform is not even opened :) on rolfie's blog .. then check out some roast turkey recipe !!!

abangadik .. i bot the turkey for 25th PARTAYYYYY !! de-frosting in fridge now !! 4.5kg to feed more than 10 of us :):) wah u know how to bake biskut halia ???

lol evel ... tersilap :) later our datuk spanks u !

datukkkkkkkkkkkkkkk .... knock knock knock !! may santa introduce u another rosmah soon :):) be merry on xmas and happy on new year datuk .. cheers

not watching any counters ... wud like to do some leisure reading !! oh datuk in gadang eh ??? :)

aiya evel .. doing jingle bell ?? :) was busy reading rolfie's blog !!

hahaha abangadik :) i wish i cud be in the cave physically with rolfie !!! he is such a good educator .. truly inspire me

so much to read :) this is good for those who are convinced by some that TA does not work ... the title of this article is 'Technical Analysis Works But You Are Doing It Wrong – Like 99% Of All Traders' .. 2017 resolution is NOT-TO-BE the 99% but IN-THE 1% :):)

http://www.tradeciety.com/technical-analysis-works-but-you-are-doing-it-wrong-like-99-of-all-traders/

AUTONOMOUS DECISION-MAKING - DON'T LISTEN TO ANYONE
As a trader or as an entrepreneur, YOU are the one who has to decide what he is going to do, how he spends his days and how to maneuver your business/trading. The worst thing you can do is to seek outside advice and rely on somebody else’ opinion.

You might see me on Twitter, in forums or in our trading group chat, but whenever someone else talks about a trade or a chart, I stop listening. I don’t care how anyone views a chart, what your opinions are about a market or how you trade. At the same time, I don’t care what you think about my trading or my analysis.

The only thing that matters to me are that: (1) I only take the trades that I should be in according to my rules and (2) that I follow my plan. Listening to someone else can easily create doubts, worries and second guessing. As a trader, you can’t hesitate and you have to follow YOUR own path because only you have to live with the consequences. And, of course, if we make decisions based on someone else’s opinions, it’s easy to give away responsibility as we said above.

“Never complain, never explain. Resist the temptation to defend yourself or make excuses.” ― Brian Tracy

our bro stingray voiced out a good point on how a 'LEADER' shud lead ... but the 'FOLLOWERS' shud also take some responsibilities when things don't turn out right !! ps read the followings if we want to be better traders ...

TAKE RESPONSIBILITIES
When we are in school or college, it’s always easy to find someone else to blame: “our teacher didn’t tell us what to learn,” or “the majority of our class failed this exam too,” are common phrases when trying to justify failure. In our jobs, the same is true; we are quick to blame our boss, coworkers, an email that didn’t go through or some other circumstances.

Although traders also like to do that and then blame High-Frequency Trading, Algos, insider trading, central banks or their brokers, a lack of responsibility is the surest way to losing your account. In the end, no one forces you to enter a trade, to stick with that market, to stay in that trade, to remain with your broker or to trade around news events. Without acknowledging that YOU are the one that is screwing up, you can’t become a better trader because you will always look for excuses elsewhere to justify your bad trading behavior.

“The price of greatness is responsibility”.- Winston Churchill

abangadik .. jact5796 .. sting .. and ALL BUDDIES who share our daily banter / gossip 'HAVE A GREAT XMAS AND PLAY TO THE FULLEST .. with family n frens NOT ah seng gor' :):)

rchi dear ... a very merry xmas to you ! will always cherish our sweet frenship :)

this lengchai rchi is playing ah seng gor like changing socks ah ? :) i just 6c6c cuz later need to go out to buy TURKEYYYYYYYYYYYY and stock up all sinful drinks .. gin / vodka / sparkling wine ! LOL
#hohohoxmasmood

sting lengchai ... i put a knife on twobits' neck :) hihihi

wow sting .. that's a lot of tracking to do ie from malaysia to sgp to hk !! aha they use future / option to manipulate ... k will catch twobits on this ... it's a good way to gauge market movement !! million thanks for your reply

LOL rchi .. male menopause !! eh maybe ah seng is still very young .. thus, TEENAGE ANGST :)

stingray .. may i know if macq is also selling all the warrants worldwide ? when u track their accumulation of either H or C, is it not only our local market ? and how do u take into account the options / futures (cfd) of hsif ? won't this also affect market movement ? does cbbc report also encompass cfd / options ? thanks so much sting :)

good morning hawk ... think i make do with the tools i have now first !!! else get confused by too many :(

hoos3h .. merry xmas to u and family !!