Posted by tsy88 > 2014-10-15 07:38 | Report Abuse

Dunknow - good morning. Today let us see green, green and green. Have a good day.

Posted by Dunknow > 2014-10-15 07:39 | Report Abuse

good morning tsy88,inwest88 & all....yup,hope for a better tommorrow!kikiki...

Posted by tsy88 > 2014-10-15 07:50 | Report Abuse

Dunknow - TODAY and TOMORROW !!!

Posted by BuLLRam > 2014-10-15 09:00 | Report Abuse

New York- Oil crumbles, bond prices up on economy fears...
Brent crude prices marked their biggest decline in more than three years on Tuesday and U.S. and German debt attracted buyers on lingering anxiety over world economic growth .

Worries about a slowing global economy and fears of the spread of Ebola have made investors skittish of late. The CBOE Volatility Index, the equity market's preferred gauge of anxiety, edged lower but still closed at its second-highest level in more than two years.

An MSCI gauge of major stocks worldwide .MIWD00000PUS was down 0.15 percent after hitting an eight-month low earlier.

Investors have turned more defensive due to worries about the U.S. Federal Reserve ending its bond-buying stimulus later this month, mounting risks of recession in the euro zone, and a floundering Japanese economy.

The German Economy Ministry sharply cut its forecasts for growth for 2014 and 2015, and business sentiment also fell in Europe's largest economy.

Posted by tpchuayap > 2014-10-15 09:04 | Report Abuse

Happy trading

Posted by sky > 2014-10-15 09:31 | Report Abuse

Morning to all,i'm new to this forum, can sifu comments on MEGB? thanks in advance

Posted by tsy88 > 2014-10-15 18:39 | Report Abuse

SpeedyBoy -

Good evening. Just saw your posting. Market indeed very bad and immense selling pressure emerged in the afternon which caused share prices to take another beating!

Congrats on your gain on Elsoft. To be able to profit at this stage is remarkable. Nihsin also came under selling pressure in the afternoon while Ijacobs still holding.

Thanks for your well wishes and may you prosper from trading by adopting a cautious stance and wishing you all the best!

Posted by amunia > 2014-10-15 20:02 | Report Abuse

Dear TCB, kindly advise on NIHSIN..

Tqvm

Posted by michaelwoo > 2014-10-15 20:09 | Report Abuse

Another nasty day at DJ. Futures now dropping over 100 points.

Posted by ktrader > 2014-10-15 20:15 | Report Abuse

good....closing probably green..

Posted by michaelwoo > 2014-10-15 20:25 | Report Abuse

Hi ktrader. Hopefully it is good.

Posted by Genny > 2014-10-15 20:33 | Report Abuse

Dear TCB, kindly comment on Bornoil

Posted by Dunknow > 2014-10-15 21:25 | Report Abuse

Ktrader & Michaelwoo...hope for Green day tonight...huattt

Posted by michaelwoo > 2014-10-15 21:49 | Report Abuse

Dow Futures dropping now more than 250 points.

Posted by ktrader > 2014-10-15 22:19 | Report Abuse

Just look at the strong bounce of Dow....dropping from >300 to 1++ now....green later on??!!

Posted by kc18 > 2014-10-16 01:07 | Report Abuse

Bware becareful October Crash repeating again ? Lari lari fast..Djones down 360pts ? Oh my god dunno how many gonna get burn ?DUN PLAY PLAY

Posted by tsy88 > 2014-10-16 07:38 | Report Abuse

Good morning Tcb.

Posted by Dunknow > 2014-10-16 07:39 | Report Abuse

good morning good morning,there's rebound from 300 to 100+...hopefully to see rainbow today..

Posted by Dunknow > 2014-10-16 07:40 | Report Abuse

good morning TSY88,Inwest&&...matrixcool,profitman & all sifu

Posted by tsy88 > 2014-10-16 07:46 | Report Abuse

Inwest88 - good morning. Wow, Dow went on a roller coaster ride last night with such volatility with 460 drop at one point to 173 at the close. Dow also down for a 5th straight day. Hope we have seen the bottom!

Posted by tsy88 > 2014-10-16 07:48 | Report Abuse

Dunknow - good morning. So scary looking at the Dow. Such wild swings!

Posted by tsy88 > 2014-10-16 08:07 | Report Abuse

SpeedyBoy - good morning. Congrats on Megb. You are doing pretty well. Hope you have another fruitful day.

Posted by tsy88 > 2014-10-16 08:09 | Report Abuse

SpeedyBoy - you are absolutely right. Very risky now and have to wait till market stabilizes!

Posted by matrixcool > 2014-10-16 09:22 | Report Abuse

Sky,

My reading of MEGB on 14/10/2014 through email:

MEGB (5166) —It has shown a lot of strength when KLCI was moving downward, it has formed bullish divergence with KLSE.I would expect it to break above $0.43, a break above $0.43 confirms Ascending triangle break out it is expected to test its next resistance at $0.45/$0.465/$0.485 and final target of $0.545 in mid term. Stop Loss if $0.40 is violated.

My update last night:
MEGB (5166)—Hit my target of $0.45 I am out with some profits. It is very bullish and today it gapped up and may re enter if the gap support of $0.43/$0.425 holds.

Happy Trading

Posted by blteo1 > 2014-10-16 10:38 | Report Abuse

Hi TCB friend, mind to share what should I do if I am holding pjd-wc now with much higher price and that osk is offering such a low price at 60cts?

Posted by ProfitMan > 2014-10-16 10:54 | Report Abuse

hanis - Dsonic:

Under correction and likely to remain bearish. It has 2 failed attempt break 1.71/1.72, currently the strong resistance level. Temporarily it should have strong support at 1.44 which if broken would trend to the next support level at 1.35. Immediate resistance is at 1.60.

During bearish times like these, you need to be cautious in intra trade. We will usually bottom fish and you need to look out for sellers exhaustion or reversal patterns before moving in. If you are a high risk taker and decided to trade intra-day, you need to be very discipline and cut loss immediately it hits your stop loss and lock in profits when it hits your target price.

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Posted by hanis > Oct 14, 2014 10:40 PM | Report Abuse

Dear TCB,
Appreciate your comment on Dsonic. Can we trade intra day on this counter ?
Thanks.

Posted by Dunknow > 2014-10-16 11:14 | Report Abuse

Hi Profitman/TA sifu ... can you please advise me with current bearish market,does TA really count?I am currently holding SAMUDRA/KSSC & plan to hold for 4 month?Another question is due to currently plunge of US Market,is it a sign of market crash or correction?

Thanks in advance...now I really same as my nick name,DUNKNOW..Hihihi...

Posted by sunlight > 2014-10-16 11:41 | Report Abuse

Hi Carlsraj55,
MPAY:
It is under consolidation between $0.185 and $0.20. Breaking above $0.20 will have a bullish implication to scale upward to an immediate TP of $0.225. Any weakness will find immediate support at $0.185 and $0.17. Stop Loss if $0.17 is violated.
TCB does not recommend Buy/Sell/Hold calls but we encourage everyone to have a trading plan and set your TP and cut loss level according to your risk/reward profile and be disciplined in following it.

Happy Trading.

Posted by michaelwoo > 2014-10-16 11:54 | Report Abuse

Those "High Frequency" traders in the USA really makes a field day last nite.

Posted by sunlight > 2014-10-16 12:01 | Report Abuse

Hi tsy88,
EURO:
It is currently under consolidation. Immediate resistance is at $0.65. Breaking above it with volume will have bullish implication which will have an estimated TP of $0.68. However, it will find next resistance after breakout at $0.67 before it scale higher. Any weakness will find immediate support at $0.62 and $0.60 respectively. Stop loss if $0.60 is violated.

Happy Trading.

Posted by BuLLRam > 2014-10-16 12:08 | Report Abuse

Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. Treasury yields down.

Posted by Carlsraj55 > 2014-10-16 12:10 | Report Abuse

Thanks for your feedback on MPAY.

Posted by ProfitMan > 2014-10-16 13:23 | Report Abuse

Dunknow - ...hahaha.... that is a good one.

Well, during times like these, TA becomes even more useful because TA as you know provides us with the data generated from the market and from the actions of traders/investors in the market. It also gives us a sense of the prevailing market psychology. People who intend to bottom fish, will be on the look out for signs of the stock price bottoming out or for reversal patterns. These can be gleaned from the indicators and charts, although are not the holy grail, but do provide us with some form of guidance.

But I can't really emphasize enough that DISCIPLINE in trading is really the key in bearish times. In a bull market, everything is easy. Whatever price target that you set will eventually be reached and whatever counters that you look at will likely be a winner. But the bear market will separate the men from the boys, figuratively speaking, (sorry, no offense intended to anyone. Just want to highlight a point) because it is not easy to have the discipline to cut loss not to mention the huge task of finding winners in a sea of red counters. I sometimes commit the same indiscipline that all traders commit too because we are all humans.

Whether to hold Samudra and KSSC for 4 months or not depends on your trading strategies for these 2 counters. If the growth prospects are good for these 2 companies, it may make sense to hold for the medium term on the assumption that it will recover its value over time. If not, you may want to consider releasing capital for other trades or even to re-enter these stocks when their price have settled to a new low price level.

This is not a market crash but a big market correction that sends it into bear territory. There are many here, like Matrix and Inwest88, who have experienced a market crash and it is a horrific scenario. Many who lived through it will not want to see it happen again. In a crash, there can be many sellers and no buyers and the buy and sell bid prices can be galaxies apart. It is basically all doom and gloom! Whereas in the current market scenario, there are still a lot of buying interest in many counters.

That is why TCB strongly advocates a trading plan supported by a discipline to execute the plan so that traders/investors, especially newbies, do not lose your life savings during your pursuit of a fortune.

I hope the above answers your queries.

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Posted by Dunknow > Oct 16, 2014 11:14 AM | Report Abuse

Hi Profitman/TA sifu ... can you please advise me with current bearish market,does TA really count?I am currently holding SAMUDRA/KSSC & plan to hold for 4 month?Another question is due to currently plunge of US Market,is it a sign of market crash or correction?

Thanks in advance...now I really same as my nick name,DUNKNOW..Hihihi...

Posted by duitKWSPkita > 2014-10-16 13:42 | Report Abuse

SALUTE!!!!!! RESPECT!!!!!! SAL & RES Mr Gentleman Profitman.



Goooooooooooood.....always teach us wise wise advices


thanks thanks thanks

Posted by cherry tomato > 2014-10-16 13:53 | Report Abuse

Thank you profitman for the explanation on market crash vs market corrention.

More comfortable on the overall market now.

Posted by michaelwoo > 2014-10-16 14:15 | Report Abuse

Your wise comments much appreciated. I too went through all the Market Crashes - Oct 25 ( Black Friday ) when DJ drops 500 + points, 1993 Market Crash - When somebody says "GET OUT", 1997 - Asia Financial Crisis and 2008 Financial Crisis. My only disadvantages is that I do not have the TA and FA skills and limited finances.The only issue here is that Don't Be Greedy. If you think that your profits has hit your target, sell. I have set my target that is 30 % up - take profits and 30 % down - cut lost. Perhaps, others might have difference strategies or opinion.

Posted by Dunknow > 2014-10-16 14:17 | Report Abuse

Haha,thanks for your valuable reply…no offence at all, as I do agreed on the discipline while doing trading…for me,I am holding few which I think have prospect,therefore I just hold on…
Many ppls are ‘hoping’ and ‘hoping’ for rebound when their stock drops,but I think ‘hoping’ & ‘reality’ is total 2 difference thing especially support is broken,that’s why I am agreed on the displine and your phase of MPML…
Really appreciate for your kind and prompt reply

Posted by Dunknow > 2014-10-16 14:41 | Report Abuse

agreed with duit,cherry & michael...really happy/comfort to see whenever they reply...it is kind,generous,sharing and experience replied..thumbs up up up

Posted by duitKWSPkita > 2014-10-16 14:44 | Report Abuse

agree Mr Dunknow..

Nowdays we really DunKnow wat gonna happen.... DunKnow how much we really Dunknow and most Dunknow one is we never know what we DunKnow..

DunKnow market when to be recovered and if recover DunKNow how fast the period..... DunKnow if keep forever DunKnow,,, woul it be DunKnow better or DunKnow worsen???


haih....hope my Dear DunKnow will let me know watever I DunKnow....

Posted by Dunknow > 2014-10-16 14:55 | Report Abuse

hahaha,cheecky & funny duit,as usual ;D…you are really making me dunknow liao,duit…haha,duit very creative lar,can some out with this in short times!kiki…and thanks for making our day here,kaka

Posted by ProfitMan > 2014-10-16 15:30 | Report Abuse

duit - ....hahahahahaha.... that is a really really good one. Thanks for brightening up things!

Posted by michaelwoo > 2014-10-16 15:39 | Report Abuse

At this time, we some joke to brighten things up. Good one duit.

Posted by sky > 2014-10-16 15:56 | Report Abuse

Thanks Matrixcool on MEGB feed back .

Posted by duitKWSPkita > 2014-10-16 16:03 | Report Abuse

hahaha..... fun on Mr DunKnow and Mr Profitman.

I really DunKnow wat to do anymore to entertain our fighters here. You guys are so generous to help ppls on TA. I am just a cleaner only cant contribute much... I dun mind to be clow to bring joy for our fighters here... Really sad to see everyone down.... I really hope all ppls doing well like me.

best luck everyone.......... DuiTTTTTTT is here to bring more joys to you.

watch out code-0090.


Happy trading!

Posted by hanis > 2014-10-16 16:13 | Report Abuse

TQ Profitman for the reading & the advice.

Posted by michaelwoo > 2014-10-16 18:04 | Report Abuse

Hi Guys. Europe stocks are dropping like a bomb. Dow futures is now down about 140 points. All due to Greece problems now. Will be a roller coaster ride tonite for DJ.

Posted by BuLLRam > 2014-10-16 18:07 | Report Abuse

aiyoyo dow futures -147..implied open -199 wtfffffff....

Posted by laughdieme77 > 2014-10-16 18:07 | Report Abuse

dj futures -170 now, going limit down soon.

Posted by alibabacoming > 2014-10-16 18:13 | Report Abuse

RUNNNNNNNNNNNNNNN

Posted by matrixcool > 2014-10-16 18:14 | Report Abuse

profitMan, thanks for the wonderful article for Dunknow.
Precise and informative, i think you made many valid points in this difficult market. Appreciate it!!

Duit..thanks for the your input to Dunknow too, now most traders blur blur really dunno what to do.Your article helps to cheer TCB up !!

Happy Trading.