Posted by stockmanmy > 2016-05-05 23:48 | Report Abuse

Have never found any use for it.

A simple price volume chart and guts is the best.

No unnecessary noise......just the pure actions.

Posted by Icon8888 > 2016-05-05 23:52 | Report Abuse

I usually don't jump into conclusion like that. To master a new skill, absorb everything first, chew on it, digest it, then make conclusion

you always have the sequence wrong. That is my observation of you

Posted by Abismail > 2016-05-05 23:59 | Report Abuse

What about golden cross and death cross pattern.can we refer that as indicator too.

Posted by Icon8888 > 2016-05-06 00:03 | Report Abuse

that is a different topic. I will write about it after I study and digest the basics. There are many many other indicators.

My guess is that ultimately, the ability to apply multiple indicators to cross check with each other will significantly enhance effectiveness and make TA workable

I am working towards that goal

Posted by stockmanmy > 2016-05-06 00:06 | Report Abuse

Never found any use for Macd.
Or Bolinger band

Stochastic and Rsi a bit of use...not much.

There is no replacement for the intellect., the guts, the psychology , the sentiments, the trend,

Posted by Icon8888 > 2016-05-06 00:10 | Report Abuse

I reserve my judgement until I fully master TA

I have seen how OTB makes use of TA to spot Breakout

It works

Posted by Icon8888 > 2016-05-06 00:12 | Report Abuse

Based on preliminary understanding of the subject, my intended use of TA will focus on detecting Breakout. It is unlikely that I will be actively trading based on Trend line. My observation so far is that those things are too subjective

Posted by stockmanmy > 2016-05-06 00:16 | Report Abuse

Certain chart patterns are very useful
That is because chart pattern reflect the collective behavior of participants.
Chart patterns tend to repeat

After a while of buying, exhaustions emerge, head and shoulders emerge.
Resistance and support lines emerge.

Psychological factors gets printed into chart patterns.

Posted by Icon8888 > 2016-05-06 00:18 | Report Abuse

ya, these are stuffs that I will try to learn as well

nothing is off the radar until I fully digest it

Posted by Icon8888 > 2016-05-06 00:20 | Report Abuse

another way to say it is that chart pattern tells you the story of how people buy and sell a particular asset in the past. Based on those legacy, TA tries to predict how those people will act in the future

Posted by stockmanmy > May 6, 2016 12:16 AM | Report Abuse

Certain chart patterns are very useful
That is because chart pattern reflect the collective behavior of participants.
Chart patterns tend to repeat

Posted by Icon8888 > 2016-05-06 00:21 | Report Abuse

good night guys. Old man need to zzzz

Posted by stockmanmy > 2016-05-06 00:29 | Report Abuse

there is no replacement for using the brain to think about it.

Posted by stockmanmy > 2016-05-06 00:33 | Report Abuse

How I managed to sell my Aax in the day that it peaked at 39.5, bought at 25 sens.


How I managed to delay selling until the very peak?

Definitely not Macd, not Rsi, not stochastic or any of the fancy stuffs.

Posted by stockmanmy > 2016-05-06 00:36 | Report Abuse

Actually that morning I sold other stuffs too like Lihen and Canone.

Posted by ongkkh > 2016-05-06 06:41 | Report Abuse

I like it Icon

Posted by Torun > 2016-05-06 06:44 | Report Abuse

Thanks for the sharings

Posted by Icon8888 > 2016-05-06 07:20 | Report Abuse

U need to show proof. Otherwise people will say u BS

stockmanmy How I managed to sell my Aax in the day that it peaked at 39.5, bought at 25 sens.


How I managed to delay selling until the very peak?

Definitely not Macd, not Rsi, not stochastic or any of the fancy stuffs.

Posted by ckwan11d > 2016-05-06 07:32 | Report Abuse

A fisherman knows that the sea is dangerous and the storm horrible, but these perils are not sufficient reasons for him to remain ashore.

An about-drowned boy would grip on anything that would keep him afloat even if what he embraces is only a rotten tree branch.

Needless to say, trading and investing in equity market is very risky.

To me TA is more than just a life buoy, a life-saving tool. It is good to learn some TA skills while looking for a lighthouse if you are at sea (In this context, if one still like to be involve in equity market).

Icon8888, a teacher would make further self-improvement (even though he may never realize it) in the process of teaching and sharing of his knowledge.

A right step towards greater self-improvement.

Just keep it up, Icon8888.

Cheers.

Posted by ckwan11d > 2016-05-06 07:43 | Report Abuse

After the Global Financial Crisis of 2008-2009, Wall Street had this to say: Those who embrace TA skill for signals would be less hurt financially than those who just buy and keep the shares.

Although these were not the actual words of Wall Street Journal, but those were what I read from NST.

Posted by Icon8888 > 2016-05-06 07:52 | Report Abuse

ckwan I am no teacher of TA, just a student

I wrote about MACD for record purpose. The article sums up all I learn so that I can come back and read it in the future

I agree with you it is not rationale to write off TA as fancy stuffs. When a bottle is full, u can't pour water into it

Posted by ckwan11d > 2016-05-06 08:03 | Report Abuse

I like candid discussions in i3investor Forum.

I always try to be unbiased and impartial.

Posted by Hiu Chee Keong > 2016-05-06 08:42 | Report Abuse

ckwan11d, recent survey I read said, rich were less hurt during financial crisis bcos they dare to cut lost, while the poor little fish kept holding hope the market would bounce back. nothing to do with TA, just mentality. partially bcos for the rich, lost few millions nothing much for them, they know they always can earn back the money, while the poor little fish, once get burnt, hard to come back.

Posted by Icon8888 > 2016-05-06 08:49 | Report Abuse

Well, it could be both of you are right

Many things in life need not be mutually exclusive

Posted by ckwan11d > 2016-05-06 09:16 | Report Abuse

This is purely for discussions only.

I am one of the very small fish in Bursa. My own very basic rules of investing:

1) Buy low and sell high. - that only leave me to think about how low is low ...

There is another saying quite similar to this : You only have to take care of the bottom and let Mr Market take care of the top.

2) Button my profit soonest possible and cut loss when I could sense the first sign of danger. - I normally buy at very low transacted volume and would sell when there is a sudden surge in volume. I preferred MACD over RSI for this.

I never trade IFCAMSC Bhd. But if I had, I think I could avoid the heavy trading losses if I stick to my rule.

One of my best performance was Johore Tin Bhd - reaping handsome profit during the period March 2012 - Dec 2012 (ranging from 94 Sen to about RM1.95) when I sensed that she was following the foot-step of Canone Bhd venturing into dairy business. I totally ignored about her when OSK (now RHB IB) excluded her in the top small cap pick in subsequently year. No look back.

I always keep all my contract notes.

Posted by ckwan11d > 2016-05-06 09:25 | Report Abuse

My bad luck for not following my own rules - making losses the very next day (both limit down) when I bought Solutions Bhd and Vis Dynamic Bhd (both Ace Market counters then).

Self discipline is vital. It wouldn't guarantee success but at least it may help to avoid heavy losses.

Posted by Icon8888 > 2016-05-06 09:36 | Report Abuse

never mind, plenty of chances to make money he he

Posted by pandakun99 > 2016-05-06 10:41 | Report Abuse

icon she sent her kids to overseas big cry mama

Posted by VenFx > 2016-05-06 20:40 | Report Abuse

Good highlights
Noted & thx.

Posted by _OptimusPrime_ > 2016-05-06 23:02 | Report Abuse

X
knowing insufficient of TA skill can be as deadly as not knowing any. you either be an expert, or better don't waste time in it. it will take you easily 10yrs of experience to master it.

TA is not limited to just look at MACD RSI and all other fancy indicators. many indicators are rubbish. created just to sell you the software and license.

the Ultimate of TA reading is Chart pattern reading. it is as close to a Master Palm reader expect who can accurately tell you what your future is when you were only 5 yrs old.

TA indicators are like your daily/weekly horoscope. it changes with days and react to external factors.

Posted by stockmanmy > 2016-05-06 23:04 | Report Abuse

Macd tricks you into not using your brain.



Should focus on using the brain

Posted by Probability > 2016-05-06 23:05 | Report Abuse

wah...this optimus very power now.... must of the latest version nanobots!

Posted by stockmanmy > 2016-05-07 00:31 | Report Abuse

notice the date


Posted by stockmanmy > Apr 21, 2016 03:17 PM | Report Abuse X

sold AAX

I am a trader at heart. Cost 25 sen



oil counters up, export counters up.
better take profit now.

Posted by _OptimusPrime_ > 2016-05-07 02:04 | Report Abuse

I also sold the day stockmanmy sold. at the highest.

my cost? maybe 15c. if you want to believe me, or believe him.

Posted by Junichiro > 2016-05-07 14:14 | Report Abuse

Try using MACD for futures trading n you will lose yr pants. MACD is derived from moving averages. Moving averages are lagging indicators. I do not see ho MACD will give u any advantage in share trading.

Posted by stockmanmy > 2016-05-07 14:29 | Report Abuse

MACD is a lagging indicator.

Posted by Ellee > 2016-05-07 14:38 | Report Abuse

MACD is useful if used in conjunction with elliot waves.

Posted by Junichiro > 2016-05-08 23:26 | Report Abuse

If u use Elliot Waves, why do u need MACD? Elliot Waves by themselves work very well.