HAPPY NEW YEAR EVERYONE !!
Welcome to my 2014 thread, I would like to start the thread with these words;
“ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE.
Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !!
I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong.
My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”.
Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held.
2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !!
My new format for 2014 is as follows:
1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735).
Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term.
2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48,
TP 2=?. (Trading Range $2.26 to $2.48).
Note : Rectangle trading range of $2.26 to $2.48.
3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66).
Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals.
4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66).
Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play.
5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20).
Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term.
6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97).
Note :Sideways Movement but upward momentum has increased so more rebound can be expected.
Av Price-- price i bought in and it will be adjusted if i scale in.
Closing -- today closing price.
P&L -- Paper Profit and Loss.
Trailing Stop-The cut loss or protect profit levels. It will be adjusted accordingly.
Risk-The stop loss percentage if the trade moved against me.
TP1 &TP2--Target Price.
Using this new format if my stock is trading in the trading range I would not update the stocks every day.
Happy Trading !!
BROOKS run today is a tough course, many slopes climb on the freeway. With the haze index reading of about 100 did not help us. Still, many of us crossed the finishing line..My thought was with the MH370 while running..
Rooney2u, TADMAX—After hitting a high of $0.65 on 21/02 it did a pullback till $0.48 on 04/03. The big Pull Back may have shaken lots of traders out. It is most likely to start stage 3 of the cycle ( Distribution Stage) trading between $0.48 to $0.565 at short term. The downward momentum has slowed down so some technical rebound could be expected soon.A break above $0.565 may find strong resistance at 40.605. If $0.48 is violated the next support is at $0.45 ( Exit if $0.45 is violated).
brendonyeap OLDTOWN— Very Bearish and if you are thinking of bottom fishing please set the exit level is $1.82 is violated because the next meaningful support is at $1.60.After finding support at $1.82 lately, it started its technical rebound. The upward momentum has slowed down so unless it could break above $1.92 it may re test support of $1.82. It is expected to trade between $1.82 ( very important support) to $2.02. Very strong resistance is at $2.10 ( Downtrend line). Unless it could above the downtrend line do trade with cautious.
NAIM— Bearsih after breaking down from a “Double Botoms formation” when it broke below its neck line support of $3.55 on 30/01/14. Since then it has been struggling to close above this neck line level of $3.55. It found a temporary bottom at $3.37 and started to rebound, but the upward momentum has slowed down so unless if could break above 43.55 it is most likely to re test support of $3.37. If $3.37 failed to hold should find strong support at $3.17 ( Also target price of the “Double Bottoms Formation). Exit if $3.17 is violated.
1Bull— GHYSYS—Ya, I used to trade this counter and it has on many occasions fell short of my expectation.Rectangle trading of $0.665 to $0.835, it had in the past failed to close above $0.835 to test its previous high of $0.915 and beyond. The landscape has improved lately and it is expected to try to break above $0.835. A break above with volume it is expected to re test $0.915 and carry an estimated target of $1.00. Failure to do so will repeat its previous pattern with immediate support at $0.72 and strong support at $0.655. Exit if $0.65 is violated (Signal stage 4 of the cycle and to be avoided at all cost)
novice8 I had read the chart for you on 2nd March. Nothing change since then.. CALEY—Stage 3 of the cycle unless $0.565 can be taken out with volume ( Distribution stage and price can be volatile). May have found a top at $0.565 on 20/02/14. It is likely to trade between $0.46 to $0.53. Formed a bullish Hammer on 27/02 after hitting the low of $0.465, some rebound can be expected if $0.46 is not violated. Exit if $0.41 is violated that mean it started stage 4 of the cycle, which is to be avoided at all cost.-- (02/03/14)
I had also read the chart of Willow for yoda88 on 18/02/14. WILLOW—I used to trade this counter too, but took my losses last month. It is at stage 3 of the cycle, which we refer as Distribution stage (price can be volatile Range from $0.65 to $0.80) The Uptrend line is intact so any weakness towards its support line is a good Buy for future play.Immediate resistance adjusts to $0.765/$0.795( previous high) and any weakness may find support at $0.71/$0.70. A break below $0.70 spells trouble and it is most likely to re test support of $0.67/$0.65. exit if $0.62 is violated.-- ( 18/02/14)
Novice8, thanks for helping brendonyeap out there, Brendon, I am just a position trader, I never hold any counter for investment. Maybe those on FA can advise you better than me. Whatever you see on my thread are the counters I am trading now.
mat, i'd missed out your reply on caely analysis on 2 mar. so sorry! may i ask did you look on the daily one year chart to conform at which cycle the counter was on? do we need to extend more than one year? i am curious on how to determine the cycle... if you have time, mind to advise on mbsb pls? tq!
1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.68, P&L= 0 %), Stop Loss=$0.625. Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.63 to $0.71 ). Note: It is expected to break above $0.70 ( its near term downtrend line and signal BUY) to test my next target of $0.745.Counter has turned bullish all it needs is the volume to push it further upwards. Any weakness should find support at $0.655/$0.63 offer opportunity to collect for future play.
2) ENGTEX--AV Price=$1.965 (Closing=$1.98, P&L=0 %), Stop Loss=$1.82. Risk= -7.4 %. Tp1=$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.94 to $2.10). Note: Engtex is expected to scale higher, but needs to stay above $2.00 (psychological level of Round Number). The upward momentum has slowed down so any weakness will find immediate support at $1.94/$1.90 and very strong support at $1.86. Any weakness offer buying opportunity for future play.
3) GADANG-- AV Price=$1.21 (Closing=$1.16, P&L=-4.1%), Stop Loss =$1.12, Risk= -7.0 %. Tp1=$1.26, TP2=$1.34. (Exp Trading Range $1.13 to $1.26). Note : Uptrend Channel ( Higher High and Higher Low) trading, it remains bullish for mid term. The downward momentum has slowed down lately so some rebound may be on soon, a break above $1.20 will take it to my TP1 of $1.26 and if breaks with volumes will try next target of $1.34.(Resistance at $1.30-invincible round number resistance).
4) MAYBULK— AV Price=$2.07 (Closing=$2.06, P&L=-0.5%), Stop Loss=$1.96. Risk= -5.3 %. Tp1=$2.20, TP 2=$2.40.TP3=$2.58 (Exp Trading Range $2.03 to $2.20). NOTE: The Dark Cloud at $2.19 is shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $1.96 to $2.20.The Price and RSI show bearish divergence, downward momentum has increased so more downward movement to test its immediate support at $2.02 can be expected. A first sign of weakness if this level is broken it may test its next support at $1.96 ( Resistance turns support).Any rebound may find resistances at $2.12/$2.17.
5) ORNA-- AV Price=$1.085 (Closing=$1.21, P&L=+11.5%), Trailing Stop (1) =$1.15. Risk= 0 %. Tp1=$1.20, TP2=$1.29. (Exp Trading Range $1.16 to $1.27 ). Note: Orna almost hit my TP2 of $1.29, I sold 25% of shares at $1.26 to lock in about 16% of profits. The upward momentum, a break above $1.27 will try my next Target of $1.29. Orna has a Pole”s Target of $1.43 ( Its previous high).Any consolidation may find support at $1.16/$1.10,offer opportunity to buy for future play. I have set my Trailing Stop at $1.15 to protect my profits and capital.
6) REDTONE--AV Price=$0.655 (Closing=$0.66, P&L=0 %), Stop Loss=$0.605. Risk= -7.6%. Tp1=$0.695, TP2=$0.735/$0.765. (Exp Trading Range $0.64 to $0.695). Note: radiation may have found a new bottom at $0.605 and immediate support at $0.64. It is still on downward movement, but the downward momentum has slowed down, some rebound could be expected soon. It has a fallen window formed on 26/02 at $0.695 and it is expected to close that gap (Gap Resistance) if support of $0.64 holds.
I am not monitoring any counter maybe PADINI if it consolidates.A tire day after run and needs to rest early.
Good night and Happy Trading…
P/s Novice8 MBSB—Stage 1 of the cycle( accumulation stage), it may have found a new bottom at $2.10 and now trading between $2.10 to $2.26. A break above $2.26 with volume may take it to the next target of $2.42. If you are thinking of bottom fishing remember to set an Exit if $2.10 is violated. On your question of the period the longer the period the better, then you can see the patterns repeats itself.
matrix - I was passing by Bkt Jalil Stadium today and saw the Brooks run. I presume this is the run you were participating in. Many of the runners were walking up the the sloping road and only 2 were running. So, I can imagine it must be a tough run and the haze certainly did not make it any easier.
It is indeed sad that the MAS plane has still not been found. Can feel for the agonizing families. Hopefully, the plane can be found soon so that there can a closure for these families.
Matrixcool thanks for the info on maybulk (bought again last week). Btw what's your opinion for Censof (I did a quick in and out on Friday). Think rebound after finding 0.47 as new bottom (correct me if I'm wrong).
ProfitMan—Ya.I was there to run the Brooks ½ Marathon. One of the toughest so far...lots of slope climbs , the one you saw is only one of them. You should be with us next time…
林俊松, I did the chart reading for ronaldo95 on 05/03/14 for INARI-WA
INARI-WA—stage 2 of the cycle and very Bullish. A break above its previous high of $1.60 will take it into uncharted territory with an estimated target of $1.80.The previous high of $1.60 was formed on 21/02 with an “Engulfing Bear” imply consolidation and it did after that. The Bear is shadowing the upward movement of Inari-WA, failed to clear $1.60 it is most likely to trade inside the rectangle of $1.40 to $1.60 with stronger support at $1.34.-(05/03/14) Now it has broken out from $1.60 and heading towards $1.80. INARI is like the WA after breaking out from $2.00 it is expected to test next target of $2.20. Immediate support adjusts to $2.00.
KSENG—After hitting a high of $7.97 on 04/11/13 it consolidated and may have found a new bottom at $5.99 on 04/02/14. It broke out from $6.66 yesterday with volume and is expected to test next target of $7.33 with resistance at $7.12. Any weakness should find support at $6.66 (Resistance turns support).Exit if $5.99 is violated.
I will look into your other counters maybe later in the evening.
jacky187 CENSORF---You are right may have found a new bottom at $0.47. Still the counter is trading below its downtrend line which is bearish.It is expected to trade between $0.50 to $0.545 in the near term with strong support at $0.485. Unless it breaks out with volume from $0.545 it is still under stage 1 of the cycle if $0.47 is indeed the new bottom. Exit if $0.47 is violated meaning the stage 4 cycle is not completed yet.
P/S: Do a day trade for MAS today, in $0.21 and just out at $0.24, locking in 14 % profits.
Jacky187,thanks. I hardly do day trade but MAS is too tempting, with all the FEAR this 2 days , a good opportunity to buy in for a quick trade.
Borneo oil should break out soon if not tomorrow..
林俊松 , CMSB—It is very bullish, stage 2 of the cycle. Form a Big Black Candle today after hitting a high of $9.00 last Friday, further consolidation is expected. Immediate supports adjust to $8.08/$7.95 and strong support is at $7.70/$7.48. Exit if $6.58 is violated. It needs to break above $9.00 to test its next target of $10.00.
SCIENTEX—Stage 3 of the cycle (distribution stage and price can be volatile). It is expected to trade from $5.40 to $5.80. If $5.40 fails to hold, it should find strong Gap support at $4.36/$4.30. A break below this level implies stage 4 of the cycle and you should avoid at all cost.
novice8--- Thanks ..Are you in GADANG too? GADANG – It was important $1.14 holds (The uptrend support line), but it needs to break above $1.19 to turn bullish short term. The upward momentum has increase so a rebound is expected soon.
stay_foolish, from what I gather you are good in Candlestick too..I think candlestick pattern is the best way to find the price reversal. The most important part is find the right spot for that pattern. For MAS, I did the day trade because the recent drop had factored in most of the bad news. Today it was FEAR that push the prices now, as I always say, stock price has nothing to do with anything but the emotions of us Traders. We trader agreed on the price but disagree on the value. When you buy a stock at certain price, who are you buying from? You bought because you think it has higher value hence suppose to go up, the traders who sell to you think it is going down. Got it?
brendonyeap—I wish I could help you but I am a position traders and I never buy stock to keep for long term. You may want to seek advices from those FA experts. Anyone to help brendon here?
jacky187—Whatever you buy do have a plan. The stocks you see I posted are the stocks that I am trading.
I am monitoring PADINI( I did the chart reading on 05/03/14 for hepitrade ) .
#PADINI---Worse is over for PADINI after hitting a low of $1.58 to end stage 4 of the cycle. It breaks out from $1.71 on 28/2/14 to start stage 2 of the cycle. It is very Bullish and immediate target is at $1.90, it is trying to get there. If break should find strong resistance at $2.00/$2.05( Medium term down trend line). Any consolidation should find support at $1.81/$1.80 ( Gap Support) and very strong support is at $1.73. Any pull back ay offer buying opportunity for future play. -- (05/03/14)#
It hit my TP1 of $1.90 after posting and started to consolidate to my suggested $1.81/$1.80 level. It is still under consolidation with downward biased and I will be collecting on any further weakness..If it can stay above $1.85 it should be clearing $1.90 soon to my next target.
Matrix - ha ha ha! i will pass on running. Running is out for me as I have knee problems. Even when I play badminton, I am heavily strapped. Congratulations on your MAS day trade. That was very bold and smart.
# Buy Low and Sell High and, to make profits you must trade with the trend. These 2 statements are absolutely incompatible.If you buy low and sell high, you are standing on the way of the trend, not following it. And if you are following the trend you are not buying low and sell high.#
ORNA--- If break $1.25 it is en route to scale higher to my next target as upward momentum has increased.
BORNEO OIL—Expected to break above $0.70 soon ( its immediate downtrend line signals BUY),I may scale in more shares as it is expected to move to my target of $0.745.
MAYBULK— If the support of $2.02 holds some rebound can be expected as the downward momentum has slowed down. Next strong support is at $1.96.
REDTONE—The upward momentum has increased and it is expected to scale higher, maybe to close the gap of $0.695.
I am monitoring PADINI as consolidation in on going.
Happy Trading and Good night.
P/S: profitMan, Thanks, I am pleased with the returns on MAS day trade..
novie8, as i said earlier the uptrend line for GADANG not violated yet.
Hi Matrix, did you still holding Perisai? This stock seen already breakout the resistant point 1.51. What is the next support point? Any comment? Thanks
Hi, can anyone tell me what happen to the Forum today, why i can not access all the earlier posts? TQ..
winwinborn
PERISAI—It may have found a new base at $1.45, but this new base has not been tested yet. It is expected to trade from $1.45 to $1.57 (neckline for the Double Top Formation carry a lower target of $1.41). Unless it could break and stay above $1.57 it is still in bearish mood. If you are thinking of bottom fishing do set an exit if $1.40 is violated.
Congrats to you again Mat! I'd added few Orna when 1.24 ;) haven't sold any yet. Do you see more upside at this juncture? Ya I can't access the forum as well. Guess they're doing maintenance or something. Luckily I bookmarked your thread. Hehe
Thanks for your opinion on day trade. Well, I did try day trade today with XDL due to my curiosity and greedy but it doesn't goes very well. Any books to recommend to read ? Seems like I need to improve myself. Do you mind I share my trading journal in your discussion topic ? Wish you can give me some comment about it :) thank you !
actually i'd been deciding should i be adding after witnessing it broking 1.25/26 and hitting your estimation of 1.29! (with my thought that it might exceeded 1.29 and head to next target!). i proceeded with the order at 1.24 and got them when the price started to soften in the second half. ah! i never seem to get it how the game is played. mat, is there a hint or indicator that you could enlighten me so i would be better equipped myself to understand if the counter has enough strength to move pass the target price / the beginning of pullback)? tq!!
ronaldo9, NARRA—You are right, it is definitely an uptrend counter, stage 2 of the cycle and very bullish. It broke above $1.65 on 05/03 with volume carry an immediate target of $1.85( Its previous high). A break above will take it to the uncharted territory of the next target of $2.00. Any weakness should find immediate support at $1.70 and strong support at $1.65 ( Resistance turn support).Veery strong support is at $1.60.Exit if $1.45 is violated.
stay_foolish, please do that! If you can share your portfolio here I am most delightful.The most honest opinion is we share what we actually bought and what happen when things either go right and wrong. It is really great we all can learn from your experiences and what were actually transpired. I am not sure what happen to XDL when it dropped from $0.665 to $0.285 in 2 days on 23/01/14, but it started its stage 2 cycle which is Bullish. I think there are plenty of good day trading books in the book stores but I can”t advise you because I am more a ‘Short Term” traders or what you call a Position Traders.
Novice8, Trading is more an art than science. It is not a right time to add unless it could break $1.29. When you add,it must be less than what you originally bought say for example ORNA-- if you bought 40,000 shares at my level at $1.08, the next level you can only add 50% of 40,000 that is 20,000 shares and next level the most 10,000 shares. I call this pyramid buying, when the price moves higher the lesser we buy. For any indicator, I always look at volumes, if the price is moving up and volume is reduced, be careful. Volume and price MUST expand together.
BORNEO OIL –Break out from $0.695 today with volume, which I scale in another 20% of share at $0.70, now my new Av Cost is at $0.68. It is expected to test my next target of $0.745.
ORNA—broke above $1.25 and hit my TP2 of $1.29 which I cleared another 25% at $1.28 to lock in 18% profits. The uptrend is very much intact, I have increased my Trailing Stop from $1.15 to $1.19 to protect my profits. If break $1.29 it should test the target of $1.36/$1.42.
PADINI—It is expected to break $1.90 to my next target of $2.00?$2.05 (mid term downtrend Line). Any weakness should find immediate support at $1.85/$1.80.Very happy with its performance.
MAYBULK—As suggested did test the immediate support of $2.02 but holds. The downward momentum has slowed down and more rebound can be expected if break $2.14 it should move to the targets I mentioned.
REDTONE—The upward momentum has increased so more rebound can be expected maybe to close the gap of $0.695.
Happy Trading and Good night.
P/s: matrix6050 --Welcome to this thread.
breandonyeap, i already sold FITTERS to lock in 4% profits earlier it did not perform to my expectation, i always post when i buy or sell my stocks.
novice8, you are welcome. Remember b4 you buy into any stock has a PLAN. That is when to get out if trade is against you (Stop Loss) and a Trailing Stop to protect your profits/capital if the trade is favouring you.
Matrixcool thanks for sharing the pyramid style buying tip. Would like to ask, lets say if this particular stock you bought is not hitting your TP and Stop Loss, then after how long would you sell it off?
Thanks in advance for sharing alot of useful information with us
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by matrixcool > 2014-01-01 22:42 | Report Abuse
HAPPY NEW YEAR EVERYONE !! Welcome to my 2014 thread, I would like to start the thread with these words; “ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE. Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !! I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong. My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”. Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held. 2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !! My new format for 2014 is as follows: 1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735). Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term. 2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48, TP 2=?. (Trading Range $2.26 to $2.48). Note : Rectangle trading range of $2.26 to $2.48. 3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66). Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals. 4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66). Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play. 5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20). Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term. 6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97). Note :Sideways Movement but upward momentum has increased so more rebound can be expected. Av Price-- price i bought in and it will be adjusted if i scale in. Closing -- today closing price. P&L -- Paper Profit and Loss. Trailing Stop-The cut loss or protect profit levels. It will be adjusted accordingly. Risk-The stop loss percentage if the trade moved against me. TP1 &TP2--Target Price. Using this new format if my stock is trading in the trading range I would not update the stocks every day. Happy Trading !!