"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Dear TCB, written: SALCON (5401) —Breakout from $0.875, the stock is very bullish and it is heading towards $0.90/$0.94 and $1.00. For those that are still riding on profits when I first recommended earlier do set your own Trailing Stop to protect your profits
what it mean by set your own "Trailing Stop"? do you mean like TP is 0.90/0.94,1.00, sell in those range?
i try to check on web but it sounds like stoploss but another directions but my current brokerage system seems dont have such functions.. which brokerage have this functions? i tried osk, maybank, aminvest
i3i2i1, we set trailing stop when the stock is riding on profits. Say, your stock is now 1.00. You need to ask yourself how much the price need to fall back down before you decide you will not risk it any more and take profits. So, you may decide the price to be 0.95. If it does not hit 0.95, you will stay invested in the hope that it could go beyond 1.00. If it hits 0.95, you will just sell to take profits off the table.
You will not find this function in any system. This is set by you. The trailing stop for each trader can vary depending on your own risk profile.
Tcb crews... Need ur help on rgb... Just entetrd today @ 0.185... But it closed with shooting star candle... It dat bearish signal for rgb?? Thanks in advance
newinvestor8-Gpharos We do not advise on your entry and exit points cause all entry and exit points varies from each trader pending on your own risk profile.You need to have a trading plan to ensure when to lock in your profits and when is the right point to cut loss. You can ride on your winning profits if the stock is uptrending or average up once it breaks your resistance points.
Gpharos may trend higher after closing above the 0.59 level in its latest session today. Traders may buy as a bullish bias could be present above this level, with a target price of 0.67 and 0.725, followed by 0.78. You may set a trailing stop loss ( refer to the above explaination frm Profitman on trailing stop loss ).The stock may pull back to take a breather if it cannot sustain above the 0.60 mark. In this case, further support is anticipated at 0.525 and 0.50. Happy trading
MainBesar, one cannot conclude that the shooting star is a bearish signal for RGB although it does throw caution into the wind, in case its a false breakout. You might want to monitor the trading patterns for the next 2 sessions to have a better indication of its direction. It broke out from its key resistance of 0.184 yesterday with volume which is good and as with stocks that had been trading sideways for a prolonged period, you can expect lots of over hang on the stock where any upward movement will attract selling pressures. If the star is taken out tomorrow, it will resume its upward momentum. Do set your stop loss and trade accordingly to your trading plan.
------------------------------------------------------------------ Posted by MainBesar > Apr 21, 2015 06:15 PM
Tcb crews... Need ur help on rgb... Just entetrd today @ 0.185... But it closed with shooting star candle... It dat bearish signal for rgb?? Thanks in advance
Trading sideways between the support line of 0.165 and resistance line of 0.185/0.19. Although some accumulation is taking place, it needs to break out of its resistance line with volume to trend up.
We usually look at the weekly and daily chart. Some traders do look at shorter time frame charts like the 15m chart for day trading.
Bullish and currently consolidating. Immediate resistance = 1.73. Next resistance levels are 1.81 and 1.94. Immediate support = 1.64.
SMRT: Bearish and sideway trading at the moment. Strong resistance at 0.525. Support is at 0.48.
As Yoda mentioned, we do not advise on trading decisions as different people trades differently based on their risk profile. So, you will need to decide when to buy and sell.
--------------------------------------------------------- Posted by plaxo 88 > Apr 22, 2015 10:52 AM
dear TCB, what your take on KKB - today is 1.70. whats your advise on TP and when to sell.
Need your advice on gpharos again, today it close at 0.575.
As you have comment if cannot sustain above 0.6 may pull back to take a breath. So currently still safe?
"The stock may pull back to take a breather if it cannot sustain above the 0.60 mark. In this case, further support is anticipated at 0.525 and 0.50. "
newinvestor8-Gpharos Gpharos open with a gap up but could not sustain due to the weakness of broad market.If you would have taken position around 0.53 level, its a approx a 10% profit when it touched 0.63 this morning and its within the contra period. Watch for momentum and how the mrkt will react in the coming days as supports are raised to 0.535 and 0.51 levels.Resistance can be found at 0.67 and 0.725. Always apply a cut loss point once your supports are breach. Happy trading.
DEAR TCB, good morning... any counters WAITING FOR ROTATIONAL PLAY?? example systech, opcom and others that you know off?????? i know that you does not recommend stocks, but you can use your software to scans for stocks that are already quite oversold and waiting for ROTATIONAL PLAY?? what actually i mean is looking from the past, this stocks usually undergoes rotational play when they are oversold.. the common ones
Trading Idea - EVERGRN EVERGRN: Poised for an ascending triangle breakout § HLIB calls a BUY rating on EVERGRN with an institutional target price of RM1.47, or 25.6% upside. § We opine that share price is gradually gaining upside momentum and is poised for “Ascending Triangle” breakout after a brief sideways consolidation, as indicated by an ‘inverted hammer’ candlestick formation yesterday. § Further upside targets are RM1.21 (16 & 17 Apr high) and RM1.28, with long term target price of RM1.38 (measurement objective of Ascending Triangle breakout). § Immediate supports are located at RM1.10 (23.8% FR) and RM1.08 (50-d SMA). Cut loss below RM1.06.
Momentum Idea - SLP SLP: Retracement on the way § In tandem with the negative view on Small Cap market, SLP’s share prices also show signs of reversal of its recent uptrend, substantiated by “Inverted Hammer” candlestick. Moreover, reading from all oscillators showed that sellers are more aggressive than the buyers. Thus, share price is expected to retrace towards RM0.975, RM0.925 and RM0.89. However, any rebounds will see resistance RM1.08, RM1.14 and RM1.20.
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 TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .