oh namaste .. saw the pennant on dow !! namaste, u time your entry based on dow ???

https://invst.ly/6wsz4

of course, if u intend to play prices bouncing around the blue box on daily then it's a different game altogether ... so, decide what u want to play and then plan your trade accordingly !

the thing about HY now is that previously we were aiming to play a rally cuz price has dipped to 200MA ... as said before, this level more often than not will cause a stir !! and this signal to play comes from the DAILY chart .. we then hawk the 5min / 60min charts to time our entry for the rally to materialize ... this part is played out now yes ?? so, what's next ?? we shud aim for daily DOWNTREND reversal (if it's gonna reverse ... so, the blue box is important) ... this requires a lot more patience cuz we need to see structure developed on 60min first ! therefore my frens, u gotta know what u want to play and then strategize accordingly

hehehe gem :)

if we look at the bigger pic ie the daily TF, quite likely she is going to consolidate around the 200MA .. and this jive with the fact that so many warrants are expiring this month .. most importantly, price is contained now within the blue box .. and then we shall see how it's going to be like !

https://invst.ly/6wssx

lol smallfish .. me captain ah ??? aiya i just posted yesterday advice from pro trader ayoyo .. he said absorb all the strategies but then gotta come up with one that suits u ! tot i have posted before pretty clearly how i look at HY multiple TF to time entry .. if u think that kinda strategy suits u then learn how to trade it .. otherwise u have to come up with your own :) isn't she doing what she did before now ??

Posted by SmallFish8 > Mar 12, 2018 10:08 PM | Report Abuse
hahahah.. Yeah connie captain if you fishing my relative 'fish' at least inform me hahaha. So i can do a farewell for them. kikiki

as the 5min chart looks rather bearish now, we gotta start all over again like before ... wait for pattern to develop .. monitor break above or below along this downleg on 5min (look at those blue boxes on the left !) .. be very careful if u are thinking of bottom fishing

https://invst.ly/6wisu

therefore most pro traders are trend traders .. they don't play all these rallies :) some may want to catch the bottom for trend reversal BUT with very stringent entry criteria !

yes ah .. anytime we see price still below 20MA or 50MA or both of 1H chart, we gotta be very careful ... u have to monitor the 5min chart like a hawk to trail profits !

** short-term rally

HY watch out for support at yellow area ... it has to find support there and go sideways hopefully develop a pattern for breakout to progress !! else the short-term really may terminate ... again, ps note 1H chart is not out of the woods and so a trend reversal has yet to be confirmed

https://invst.ly/6wi28

hawk ... too many tools may lead to difficulty in execution :( yes, totally agree on the multiple timeframe analysis :)

yes rchi .. u all great brains think alike :)

if only he is always in the mood to chat :(

Mar 12, 2018 10:09 AM | Report Abuse

@connie... Like I said before, there are many Sifu with even more tactics... Take them all in but remember to work on finding your own edge from them..

It'd be nice to chat with like minded traders but I only post when I'm in the mood.. Anyway, with your experience and knowledge, the book I recommended to you earlier will give you many ah-ha moments

All the best

Mar 12, 2018 09:44 AM | Report Abuse

@connie.. Actually, I don't advocate one bid breakout buy.. There are too many upthrust traps... Learn to look at how price and volume action play out during breakouts, what happens during consolidation, look for low volume test on immediate support, watch for good (not excessive) volume on the subsequent breakout..

The journey to becoming a pro trader is very painful and frought with many heart breaks.. But don't despair, if you want it bad, really want it bad, the universe will show you many signs and paths.. You just need to be open to accept and absorb and then you will have your ah-ha! moment.. That is the Law of attraction...

Obstacles (or losses, in this case) are temporary challenges that exist in our realm, that when overcome will propel us to a higher level.. If one takes the losses, blame on others while never reflecting, then he will be confined in his cocoon with the feeling that the world owes him a living

Good luck

Mar 12, 2018 08:48 AM | Report Abuse

@connie.......My trading time frame can be anywhere between 3 minutes to 3 weeks... Occasionally, I do hold for up to 3 months but this rare because the longer I hold, the more reasons to believe I have been wrong in my original trade... It depends on many factors... Is the stock showing inherent weakness (look at the left of the chart to determine if signs of distribution had taken place) or is it falling in sympathy with the market, meaning the stock was strong, rising with good volume (not excessive volume) but falling due to immediate market sentiment.... Good example was when Hengyuan fell drastically on open when dow fell 500 to 1000 points... That is the time to load..

Let me give you a hint on my trade setup.. Many Sifu like Fred Tam advocate buying one bid above above the breakout line... I want to see a successful test of that breakout before I buy (there are signs)... Occasionally, when I get too excited, I break this rule and get caught by the Syndicate's upthrust tactic... Learn to recognize it.. It will save you loads on losses..

I screen potential charts based on daily prices, watch 15min or 30 min charts to filter the noise and use 5 min charts to ride the trade... You do this because you want to decipher what a block of volume was doing in shorter intervals than to simply see a long candle with high volume spike..

The market is dynamic and I have total respect of that which is why I cannot predict the future price but I have within reasonable assumption, anticipate its intention and take appropriate action

ok aside from our rchi dearest, let's also learn from a full-time bursa professional trader :) i cut n paste post by post ya ??

Mar 11, 2018 08:16 PM | Report Abuse
@connie, I had a look at some of your comments and deduce that you are, or at least, aspire to be a trader..

If there is one opinion I can offer you is this, ditch ALL your technical indicators and learn how to read price and volume EXCLUSIVELY...

Smart Money operates thru price and volume only... Price is the result of their effort (whether to drive up or push down) while ... VOLUME is the language they communicate their intentions...

They won't care a monkey's ass over technical indicators because the price will lead and reflected subsequently on the indicators..

However, they do respect support and resistance lines, especially the most recent ones.. Anything more than 52 weeks, discount the importance if the support and resistance to 30% (that's why you see prices shoot thru 52 week lines easily)

It is how the price and volume reacts at and within those lines that are important to you in the reading of smart money moves... The quality of the move, whether it is breakout or breakdown, is assessed by what had happened TO THE LEFT of the chart

What am I talking about? Download and the read the book, the Undeclared Secrets that Drive the Stock Market, by Tom Williams, written in 1993...I think there's a free pdf book if you Google it

if you can understand the concepts presented, you are a step closer to deciphering the smart money trails

i tot so too ... as in MEOWWWWWWWWWWWWWWW :) weiiii doggie year shud be WOOFFFFFFFFFFFFFFFFFFF !!

what is miao alex ?? :)

i see mainbesar ... at times, u gotta look at the entire market context and not just the candle per se esp when price is near important levels on higher time frame !!

sorry wrong chart :)

https://invst.ly/6wglg

ok let's say u saw the big red candle on 5min chart and u short there .. won't u put your stop some bids above the last swing high ??? then your risk to reward is not so bad ??? how come holding on till now geh ??

https://invst.ly/6wg75

hmmm mainbesar .. am not sure when u short but as mentioned before, the bias is on the bullish side based on 1H chart when price broke the downtrendline .. also price managed to crawl back above the 20MA and 50MA .. all these signals the short-term upleg is intact ... and with these, we gotta look at daily to find a strong resistance level to short yes ??? so, we saw the downtrendline on daily ... NOTE we are talking about daily now ... meaning on the safer side we have to wait for the daily candle to close to give us a clue whether the bears have stepped-in in order to short yes ?? hsi is ONE beast that u gotta be near perfect in timing your entry ..

the blue box resistance area ..

https://invst.ly/6wg75

rchi .. just aiming for the short-term resistance !! trend reversal has yet to be seen unless price goes back above the 1H 20MA and 50MA

rchi .. i target between 10.40 to 10.60 !! see can reach or not :)

noted with thanks ayoyo ... will find my yoyo moment inspired by ayoyo :)

ayoyo, but what u have stated below works great on 5-min 'goreng' counters :)

Posted by Ayoyo > Mar 12, 2018 09:44 AM | Report Abuse
@connie.. Actually, I don't advocate one bid breakout buy.. There are too many upthrust traps... Learn to look at how price and volume action play out during breakouts, what happens during consolidation, look for low volume test on immediate support, watch for good (not excessive) volume on the subsequent breakout..

sorry ayoyo .. i have to rephrase that adam khoo advocates one bid above high of candle that breaks above the RL ! and preferably he says the closing candle body shud be ABOVE the line .. plus the breakout candle shud NOT be too far away from 20MA (in case mean reversion kicks in) etc etc

ayoyo, i wish i cud discuss more with ya :)

if the blue box on 1H can act now as support, the short-term trend is not gonna end yet ... shud this happen, then look out for the upward price channel on daily for the upleg target !

https://invst.ly/6wft3

wow hsi has crossed above the DTL on daily !

ayoyo ... adam khoo also advocates one bid above breakout line using stop order to confirm the bulls' strength !! hehehe, so true at times we get too carried away ie got excited and just shoot when price goes above the line .. i notice i need to go down to 5min to avoid their upthrust tactic

ayoyo; once again a big thank you for your sharing !! u are one of the very few here in i3 who understands what i am asking :) YES, i aspire to be a trader and hope that one day i can achieve the PRO status :) it's not an easy journey but thru' perseverance and passion, i believe i cud

have a wonderful trading week !

ayoyo, i understand there is no right or wrong answer here ! it really depends on one's risk profile ... just want to know which way works better in our bursa jungle :) better simply just means higher probability

ayoyo .. thanks so much for your reply ! no worries i understand what u were talking about :) totally agree that price actions plus volume are essential ingredients to cook-up a delicious trade .. ayoyo, if u don't mind i have one last question ... say, your trading time frame (TTF) is 1H chart and u are anticipating a breakout from a horizontal resistance, do u wait for the candle to close above the line and then u buy on next candle open ? or do u long when price goes one bid above the high of the candle close ? or do u just buy when price is above the resistance line ie without waiting for the candle close on the 1H chart ?

ayoyo .. reading your posts with great interest ! wud be great if a professional trader like your good-self cud share a few pointers with us .. can we step into your trading realm to learn a tricks or two ? :) warmest regards

happy weekend rchi and all cutie buddies :)

mainbesar .. maybe later daily also gives u a long long tail bintang !! eg breaking above the daily downtrend line and then closing back below it ... the dreaded bull trap :)

wah pretty ... no more CORPse now :)

hehehe joe .. no wonder talked about kobay the other day :) congrats on your parting !

ya rchi dear .. boring market !! unless want to play the sharks' counters like hbglob / kssc / kpscb / asdion etc etc ... like everyday got one they pump n dump :)

rchi .. as i always said 'your MIDAS touch' :) congrats rchi

hsi .. ascending triangle on hsi 5min ?? break up or down ?? next best thing to do is wait for daily closing candle to decide next course of action yes ?

https://invst.ly/6vlfe

now main bintang first :)

rchi .. how was your petron ? didn't get to play :(

will definitely check her out rchi ... must remember CM first !! later mistaken CH .. hehehe

lol asakura ... rchi always has all of us in mind !! want us to earn some pocket money :) it's the CC buddies' smell that pulls him back

u are most welcomed mainbesar ... hope i cud be your fren cuz i only mainkecil :)

it's definitely not an easy situation to deal with ... a lot of times, when a fren is upset, all he/she needs is one pair of ears to listen to his/her grievances .. nothing more nothing less .. there is no need to be in the middle trying to undo any 'knots' so to speak cuz whatever happens is between the other two parties ! hopefully, time will heal and friendship rekindled

thanks ezmoney .. hmmm if u said this, i can guess what happened already !

where is duit ? is he traveling ?