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 Bursa Traders Thread V1, Coook cooook cooook !

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SKY 1809
post Oct 23 2012, 09:54 AM

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Cornerstone investors are dumping Astro.
SKY 1809
post Oct 23 2012, 10:02 AM

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QUOTE(magika @ Oct 23 2012, 09:56 AM)
the code word is out of jail stock... tongue.gif


Added on October 23, 2012, 9:59 amHopefully Asstro can follow IHH debut , down then up again...
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Many local funds cannot buy Asstro cos it is un Islamic hmm.gif
SKY 1809
post Oct 23 2012, 10:15 AM

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QUOTE(magika @ Oct 23 2012, 10:04 AM)
This one diffiult to play ass ... i mean bottom.. tongue.gif


Added on October 23, 2012, 10:08 amAstro, for investor trading on risk reward ratio, if could not maintain 2.70 will be huge downside risk as it would reach 10% cut loss price.
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Cornerstone investors' price is rm 2.70 , offloading at rm 3, could be buying back to 2.70 again :hmm

This post has been edited by SKY 1809: Oct 24 2012, 09:39 AM
SKY 1809
post Oct 23 2012, 10:51 AM

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BIMB moves.....MBSB a bit up

This post has been edited by SKY 1809: Oct 23 2012, 10:52 AM
SKY 1809
post Oct 23 2012, 02:26 PM

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QUOTE(magika @ Oct 23 2012, 01:20 PM)
Hot list
1. Astro
2. Faber
3.IHH
4. Out Of Jail
5. Perdana

Cool List
1. Amedia
2. Ingenco

How many you got?  tongue.gif
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Faber did con many forumers before, worse than Amedia yawn.gif

Hope history does not repeat itself.

This post has been edited by SKY 1809: Oct 23 2012, 02:26 PM
SKY 1809
post Oct 23 2012, 02:51 PM

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QUOTE(ciahcra @ Oct 23 2012, 02:39 PM)
TM, hammer formation 2 days ago, and now, bullish engulfing? hmm.gif
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How u get such high unifi speed.hmm.gif
SKY 1809
post Oct 23 2012, 03:03 PM

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QUOTE(ciahcra @ Oct 23 2012, 02:54 PM)
err.....VIP 20?
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wow, u are the VVIP laugh.gif
SKY 1809
post Oct 24 2012, 09:39 AM

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QUOTE(SKY 1809 @ Oct 23 2012, 10:15 AM)
Cornerstone investors' price is rm 2.70 , offloading at rm 3, could be buying back to 2.70 again :hmm
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Astro is uptrend laugh.gif
SKY 1809
post Oct 24 2012, 09:59 AM

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QUOTE(magika @ Oct 24 2012, 09:53 AM)
Good recovery so far. Luck got lots of anger at Astro thread.. rclxms.gif
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SA may beat TA in the absence of trend charts like the new IPOs. Just joking only.
SKY 1809
post Oct 24 2012, 10:12 AM

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QUOTE(magika @ Oct 24 2012, 10:10 AM)
yeah in certain cases. But out of 10 stocks we ininvest in, better to have some basis FA ot TA doesnt matter.
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Amedia is stabilising yawn.gif

Ya as u said some combinations of what so ever .

BTW, TA may not detect the " con" factor of the past trend also.

This post has been edited by SKY 1809: Oct 24 2012, 10:14 AM
SKY 1809
post Oct 24 2012, 10:32 AM

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QUOTE(ciahcra @ Oct 24 2012, 10:27 AM)
lol yeah, but if u look carefully, there's no confirmation candle following the shooting star....
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U do not like DIGI hmm.gif

Trend wise ok mah laugh.gif

FF hot favourite

This post has been edited by SKY 1809: Oct 24 2012, 10:35 AM
SKY 1809
post Oct 24 2012, 10:39 AM

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QUOTE(ciahcra @ Oct 24 2012, 10:37 AM)
Disposed it today, been holding for 1 very long year! tired already....lol

gonna try add more TM, looks like got more potential, especially if they win EPL right brows.gif
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Wow . Tired of making money. laugh.gif

Well Done and congratulation.
SKY 1809
post Oct 24 2012, 10:44 AM

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QUOTE(ciahcra @ Oct 24 2012, 10:42 AM)
tired of waiting, when the hell can I take the money out and buy something. haha

anyway, i kinda need the money at the moment, so better sell it off, and use some of it...

the rest, maybe I'll plough into other stocks
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I think TM should be Good.

I kinda feel u are linked to TM . hmm.gif

EPF fav stock also.

This post has been edited by SKY 1809: Oct 24 2012, 10:46 AM
SKY 1809
post Oct 24 2012, 10:49 AM

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QUOTE(ciahcra @ Oct 24 2012, 10:46 AM)
my fiance working in TM tongue.gif

anyway, I'm thinking about BSTEAD.  CPO seems to be rebounding....any input on this stock?
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sori , no info on Bstead.

Plantation, TDM is more speculative and div wise good also

I mean maybe charting can help yawn.gif

This post has been edited by SKY 1809: Oct 24 2012, 10:50 AM
SKY 1809
post Oct 24 2012, 11:00 AM

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QUOTE(kueyteowlou @ Oct 24 2012, 10:57 AM)
shooting star with confirmation?

30mins chart

[attachmentid=3117870]
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Chartists may not believe in " Black Swan " scenario laugh.gif
SKY 1809
post Oct 24 2012, 11:23 AM

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News ahead of charts


GLOBAL MARKETS Encouraging China PMI halts slide in Asian sharesBusiness & Markets 2012Written by Reuters Wednesday, 24 October 2012 11:03


TOKYO (Oct 24): Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a three-month high of 49.1 in October, also registering the most robust order books since April, signalling a strengthening recovery.

The MSCI index of Asia-Pacific shares outside Japan eased 0.1%, slightly trimming an earlier 0.3% drop. Hong Kong shares also narrowed losses to a 0.1% from a decline of 0.3%, while Shanghai shares steadied from a 0.2% fall.

Japan's Nikkei average were down 0.4%, recovering from an earlier drop of more than 1%.

"Recent data have suggested that Chinese growth may have bottomed out last month, helping to improve market sentiment as US economic figures have also been hinting at a brightening recovery trend recently," said Kyoya Okazawa, head of global equities at BNP Paribas in Tokyo.

But corporate earnings were a bigger focus for South Korean shares, which fell 0.7%, as lacklustre results in local and international markets weighed on investor sentiment.

SK Hynix Inc, the world's No 2 computer memory chipmaker, reported a third-quarter operating loss before the market opened, but its shares gained as the loss was smaller than expected.

Australian shares were down 0.6% at a one-week low as a stronger inflation data scaled back expectations for a further interest rate cut, countering the bullish impact from positive data from China, Australia's single largest export market.

The dollar was steady against the yen at 79.82, having hit its highest since early July of 80.02 on Tuesday.

The Australian dollar rose to a high of $1.0317 after the Chinese data, having earlier risen from around $1.027 following data showing Australian consumer prices increased a surprisingly large 1.4% last quarter, lowering expectations for interest rate cuts.

The Aussie rose 0.5% against the yen to 82.33, helping the euro to steady against the yen at 103.70. The euro touched a 5/1-2 month high against the yen of 104.45 on Tuesday.

Markets may remain cautious, but their response "is more geared towards consolidating risky assets near lower levels that justify bearing the risk, rather than the pre-announcing more difficulties to come", Barclays Capital said in a research note.

On Tuesday, a leading European share index, te FTSEurofirst 300 index, slid to its lowest level in more than one-and-a-half months on Tuesday, while US stocks fell, with the Dow industrials suffering the biggest drop since June 21 after DuPont and United Technologies showed profit growth slowing, adding to a string of disappointments from companies falling short of Wall Street's expectations.

US-listed shares of foreign companies slid across the board on Tuesday, also on fresh worries over the euro zone's debt crisis as Spanish bond yields rose after Moody's Investors Service downgraded five of Spain's regions.

Spot gold recovered to rise 0.3% to US$1,712.79 (RM5,243) an ounce after falling 1.2% to a six-week low of US$1,703.50 on Tuesday as other assets fell.

US crude rose 0.6% to US$87.18 after settling at a three-month low of US$86.67 on Tuesday. Brent crude futures were up 0.5% at US$108.83.

The euro steadied at $1.2988 from Tuesday's low of $1.2952, but well below last week's high of $1.3140. The euro's low this month was around $1.2804.

Investors continue to wait both for Spain to ask for aid to help manage its huge public debts with external funds, and for Greece to agree to conditions attached by its global lenders in exchange for a further bailout.

Germany's Sueddeutsche Zeitung paper reported in its Wednesday edition, without citing sources, that euro zone states will grant Greece an extra two years to bring its budget deficit to within agreed targets.

The euro could be pressured if initial readings of euro zone purchasing managers' index and a German Ifo business sentiment survey due later on Wednesday signal further deterioration.

US Federal Reserve chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the Nov 6 election, the New York Times reported.

Under Bernanke, the Fed has taken aggressive easing policies to help underpin the tepid US recovery. The Fed is unlikely to take fresh steps when it ends a two-day meeting on Wednesday, opting to assess the impact of last month's aggressive quantitative easing measures.

Sober investor sentiment hit Asian credit markets, pushing the spread on the iTraxx Asia ex-Japan investment-grade index four basis points wider. — Reuters
Next >China's Huawei says will increase transparency


SKY 1809
post Oct 24 2012, 02:26 PM

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QUOTE(ciahcra @ Oct 24 2012, 02:11 PM)
need to look at bigger picture before deciding to short or long

I wouldn't say you're not good at shorting. If you're not good at shorting, you're probably not good at going long too. When you're trying to go against the trend, most of the time you'll get it wrong. I'm not sure about you, but that's what I conclude from my experience.

the last time i short, which I think i told you, was because it's a downtrend, albeit a short term one, and the shooting star formed at the upper channel of the trend. I guess I got lucky also, coz that's the last point to short before it breaking out

It's very hard to predict reversal. the best way you could do is just ride the trend. On the 30mins chart u showed, clearly it's a uptrend, and strong one, breaking previous high of 1671. so the best way to go here, is to go long on dip.
I have 2 rules: I don't trade breakout, and I don't trade without confirmation candles.

Even when I followed my rules religiously, my success rate is only slightly more than 50%. So, I have to admit, no matter how good you're, the market is still random, and you only have 50-50 chance to win.

The only thing that keep me in this game, is I cut loss very fast, and I let profit run, and strictly follows the rules that I set.  icon_rolleyes.gif
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Plse Share more of your stories, sounds interesting notworthy.gif
SKY 1809
post Oct 24 2012, 03:34 PM

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QUOTE(ciahcra @ Oct 24 2012, 03:11 PM)
lol what stories? how I loss RM10k from CPO in 2 days, because of my hesitation to cut loss, and had a very high hope that it might turn around? or how I loss RM20k from trading crappy stocks, because someone recommended them to me, and I just blindly bought them, because everyone says buy? haha  sweat.gif

I admit I still make losses here and there. Like I said, my success rate is only slightly more than 50%. So in 10 trades, I will lose in about 5 trades. That's why the only way to win, is to keep losses small and let profits run.

My objective is to have RM5k monthly income from trading. How I work it out? I set a target, how much I should make a day, on average. That work out to be RM250 a day, which is not that hard for me, because in FCPO, that requires you to win 10pts per lot. My trading style vary, sometimes I trade everyday, but sometimes I let it run 2-3 days before I take profits. However I cut loss very fast one! haha tongue.gif

My suggestion, set a realistic target. I know some people want to make so much money in a very short period of time. Not to say that it's impossible, but it's very hard to achieve. Set a realistic, easy to achieve one for starter, so that you can build your confidence. Over time, set higher targets as your capital getting bigger.


Added on October 24, 2012, 3:23 pm

FKLI 30mins

user posted image

First, the bigger picture (daily chart)

Very obvious it's still an uptrend, and with the formation of the flag, and the break out from it, suggest the uptrend will resume

Second, on your 30mins chart. The price keep making higher low and higher high (characteristics of an uptrend).

Third, the break out of the previous high at 1670, indicates that the trend still strong.

Why I didn't enter eventhough there is confirmation candle? because of all the reasons above, plus the shooting star does not formed at a known resistance level. If the shooting star formed at 1670 follow by confirmation, I'd probably go short as well.
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Really pro thumbup.gif

SKY 1809
post Oct 24 2012, 03:53 PM

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QUOTE(ciahcra @ Oct 24 2012, 03:46 PM)
not pro yet.....just speaking base on my experience.

to be honest, I'm here looking for anything that can bring my success rate to above 60%. tongue.gif
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Well, the market is full of uncertainty.

My personal opinion is trading less ( in term of frequency ) might improve the success rate with better profit margin.

In a way u bring down the failure rate from the market uncertainties.

I simply say only.

SKY 1809
post Oct 24 2012, 04:52 PM

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Affin suddenly shoots up thumbup.gif

This post has been edited by SKY 1809: Oct 24 2012, 04:53 PM

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