UOA close low, below the neckline, not a good sign i guess...

MAXIS



Double top with bearish divergence in RSI....


Weekly chart more obvious, created new high but RSI formed lower high. The third lower high should be an exit signal...




DISCLAIMER:

Not an invitation to buy or sell. The information provided is merely for educational purposes.

This post has been edited by ciahcra: Oct 16 2012, 05:13 PM

divergence can be categorised to 2 parts:

a) Regular divergence (normally to detect trend reversal)

b) Hidden divergence (use to detect trend continuation)

can learn from here, I think this website teach divergence trading very nicely

http://www.babypips.com/school/high-school...ng-divergences/


It's my most powerful method for trading FCPO. Not sure about share though, because haven't tried enough divergence trading on shares.

---

Added on October 16, 2012, 8:02 pmmy bursastation cannot detect chart patterns, maybe can only detect candlesticks pattern. not too sure, because I have not fully explore all the features available in bursastation. normally I use my naked eyes to find the patterns.

I think those scanners programme are much faster and efficient. I can only detect those under my regular watchlist (Index counters + 2-3 fundamentally good counters from each sectors). For funny2 counters, I may not able to detect it at all. Hence the reason I go to forums / FB groups, to see what others come up with.



This post has been edited by ciahcra: Oct 16 2012, 08:02 PM

FKLI 1 hour chart:





short again?

As for me, I'll just watch from the side first. Stoch not overbought yet, thus not meeting my criteria....

DISCLAIMER:

Not an invitation to buy or sell. The information provided is merely for educational purposes.

This post has been edited by ciahcra: Oct 17 2012, 09:36 AM

I have to agree on this one.

Don't take so much time on fake trading, maybe 2-3 months to get yourself familiar with the volatility of the markets (FCPO can be very volatile, not so much on FKLI i guess)

I heard from a talk somewhere, someone conducted a study on the probability to lose all your capitals. in the statistic, for you to lose 16 trades in a row is 0% (not too sure though what actually the title of the study, maybe you can google around)

Meaning you can lose 15 times, and the 16th time you'll hit it

Not sure if it's true or not, maybe just a motivational talk to motivate traders. haha

But let say it's true.

I want to trade FCPO, and current margin now is RM7000 per lot

I'll risk 3% of my capital for each trade, and I want to start with RM10,000

Each trade I'll risk RM300. If I lose 16 times in a row, my loss will be RM4800.

If I want to still be in a game after 16x lost in a row, I need to start with RM7000 (initial margin FCPO) + RM4800 = RM11800 (make it RM12000)

Even if you lose 16x in a row, you will still be in the game, but the study said probability to lose 16x in a row is 0. So at 16th, you sure make money one. haha.

But, any good traders won't let themselves to lose 15x in a row la....I stopped trading once I lose 3 times in a row, and take a break.


If you can do this, maybe you can stay in the game for more than 6 months.....

This post has been edited by ciahcra: Oct 17 2012, 10:01 AM

I don't think you should. but if market crash down like what happen in 2008, then maybe you want to give it a try, like I did

But my honest opinion, if you don't have 1 year on savings that allow you to continue living your life normally when you out of job, then you better don't touch borrow money to invest

luckily, you can place stop order in futures trading.

But not good also if your stop order got hit every single time you in trade.....

TIMECOM




After sharp moves from RM2.70 to RM3.65, the counter has been on downtrend for 4 months, sliding down to RM3.10.

Then the counter started to climb back up again, as high as RM3.51 with expanding volume, pushing through the down trend line. After that, the price coming back down again, but with decrease vol, forming a flag pattern. You can read it here the characteristics of flag:

http://stockcharts.com/help/doku.php?id=ch...pennant_continu


Normally, after breaking through resistance level, the stock will retrace back to the last resistance level, to see if the resistance can now become a support. In this case, the support level is the 200 MA and the down trend line. If supported, chances are the breakout is genuine, and they stock may go higher. Flags normally associate with continuation pattern, thus the present of flag in this counter suggest that trend may continue.



CL: RM3.35
Target: RM3.75
Entry: RM3.45

Risk: RM0.10
Reward: RM0.30

RRR = 1:3




DISCLAIMER:

Not an invitation to buy or sell. The information provided is merely for educational purposes.

This post has been edited by ciahcra: Oct 17 2012, 12:22 PM

Interesting...

Here's the weekly chart




There's a bullish hidden divergence from the weekly chart.

Hidden Divergence

The price rebound nicely at trendline, and at the resistance-turn-support level.

Today could be the signal to enter? Would the trend resume its upward movement?



DISCLAIMER:

Not an invitation to buy or sell. The information provided is merely for educational purposes.

This post has been edited by ciahcra: Oct 17 2012, 02:55 PM

To cover my ass before some idiots want to sue me coz making losses after following what i wrote.....

I wont be posting anything today n tomorrow. Going for co's teambuilding.....

I also like you, if i go in, i go in deep and long... (Sounds very wrong )

So, not yet eat anything

Aiyo thheavy dont want to close high. Tomorrow sure all vol go to astro. Hopefully after they goreng astro they come back to thheavy

This post has been edited by ciahcra: Oct 18 2012, 11:15 PM

Double top? Got shooting star some more.....maybe a trap

We'll see on monday what will it be

TM? not gonna worry about that one. gonna hold till I die!! haha

my favourite always at the second top, or at first retracement after breakout.

both entry i'll confirm with divergence in stochastic and candlestick reversal and confirmation pattern....

TM




spotted a hammer (with good vol) and hidden divergence....possible trend continuation?

astro don't care la, wait 2.50 see can build base or not.