GADANG weekly:


GADANG weekly

Daily:


GADANG daily

Yup, support seems to be around 0.885

If you refer to the price before break out of the 'wedge' i.e. around 1.10

Stochastic was at oversold area....


MUHIBAH daily

In trending market, indicators like stoch, RSI etc. tend to stay in a OB/OS area for quite a long time....

But anyway, candlesticks / chart patterns with VISIBLE Supports and Resistance (Fixed and Dynamic) always be my priority. If the price was at the place WHERE I want to take action (as determined by my VISIBLE SnR), then I'll check for another evidence (Invisible SnR like fibo....).

My trigger will be candlesticks (bullish pattern for Long, bearish for Short)

Then only I check my stoch for further confirmation.....

As in the charts above, there was a hidden divergence btw the price and the stoch, where stoch coming back to oversold area at 1.10, but price is actually higher than the last time stoch in oversold area.....with trendline, fibo 50% as a support, hammer like candlesticks, with 'wedge' pattern, with a very low vol, and stoch was at oversold area, all met my requirement already to buy.....

LUSTER daily:


LUSTER daily

Already at resistance area, with vol still very high. I'll be really cautious, as smart money could be in the process of dumping their holding to retailers.....

I had my fun for 1 day on this one, not going to touch it again, at least not until it breaks the resistance


THHEAVY daily:


THHEAVY daily

Besides the recent high (0.84 i think....), the road seems cleared at least until 1.00. I am hoping for the price to come back down to 0.62 so that I can buy again....

What's his NTA?

Trendline, Channel, Moving Average are examples of dynamic SnR.....the price for support or resistance are not fixed, they moved from time to time, based on your trendline, channel, MA etc.....

what's MMA? sorry, sometime I get confused with abbreviations

To know it's profitable or not, you backtest whatever system you like to use....

Personally, there are no holy grail for trading. It all comes down to your own system, how you manage your trade. WHERE do you want to enter the trade? WHEN do you want to enter? How much you willing to risk? How much profits would you expect, given the risk taken?

I kept trading journal to find out which methods give me the best winning rates.....and stick to it.


Anyway, here's MUHIBAH with MMA (I hope I select the correct indicator )


MUHIBAH daily

What's your strategy?

This post has been edited by ciahcra: May 27 2013, 10:50 AM

I took 10 years data, choose set of rules I want to test, then do paper trade on that...

you can choose whatever set of rules you want to test.

For example:

you want to use MA cross over (i.e. shorter period MA cross over longer period MA)

You pick whatever range you want to test (maybe 14 days MA with 50 days MA for example)....

Then go down 10 years back, and start to look for those cross over. each time you see one, decides whether to take the trade or not, then record it. If it's a successful trade, record it as a winning trade, and vice versa. Records also how much you win/lose each trade


Let say I do 10 trades, I jotted down winning trades and losing trades, then calculate the percentage of win trades

Then I jotted down the total winning amount, and find the average winning amount (in term of Ringgit) per trade and average losing amount per trade.

After 10 trades, analyse your data. see whether the method you choose give you high percentage of winning or not. My predefined value is 40%. which means, if I want to use the system (set of rules that I want to use), I have to make sure the system can gives me at least 40% of winning trades

see whether your winning amount per trade is high or not. Avg winning amount / Avg losing amount is your Reward to Risk Ratio (RRR). I set mine to 2:1. meaning for every Ringgit i risk, I make RM2. If the system gives me more than 40% winning rates, but RRR is less than 2:1, I'll ditch the system as well.....

By making trading journal, you will know which system works in which market.


Seriously, trading is exhausting.....

And if I have the perfect system, I'd probably have George Soros phone number in my contact list already

This post has been edited by ciahcra: May 27 2013, 11:51 AM

EASTLND daily

And if it doesn't goes up, where do you plan to exit? and if the price still doesn't shoot up, how long you plan to hold on this counter? you need to define all that before you enter the trade. Unless this is an undervalue stock, and you tend to buy and hold, then timeframe doesn't really matter I guess.

Anyway, for Malaysia stocks market, VOLUME is one of the most important element to me.

Average daily vol for this counter is about 200k to 250k a day? how much you expect to buy? for trading purpose, you need higher vol to make it easy for you to get out. I don't know about this counter anyway, so maybe in the next 2-3 days the vol will spike....

This post has been edited by ciahcra: May 27 2013, 11:45 AM

I don't know about this counter, so I cant really comment much, but if you said you make money using the same method, then maybe you might hit it again this time. Record down your trades, that's the only way to see whether the system you choose works or not....

Yeah sometimes stock can move up without having much vol....but the question is, which one to pick?

This post has been edited by ciahcra: May 27 2013, 11:59 AM

My best system gives me 60% only....only 10% higher than 'gambling'

This post has been edited by ciahcra: May 27 2013, 12:11 PM

I heard GPACKET!


GPACKET Daily

Limited by the 200 days EMA, but if can break, might shoot up!!

PENERGY


PENERGY Daily

Breaking out the flag could see further interest to push the price higher?

just to clarify, I'm not making any call to lure people to buy or sell. all my posting are just for information and educational purposes.....

i don't want to be blame if someone losing money

One of the most reliable pattern.....

particularly if the pole is high vol, and the flag is low vol....plus the price rebounded at any fibo level above above 50% of the swing that formed the pole....

I do, but sometimes I just take whatever that are currently in the theme (now o&g, iskandar.....)

but my best method, I go to FB group that discuss stock market, or even here in this forum, and take stock picks from those punters

but i do my own analysis la, instead of jumping in together with them.....save me time from the need to go thru each stocks.

yes I invests (or trades) stocks that have fundamentals.

This post has been edited by ciahcra: May 29 2013, 10:13 AM

WASEONG


WASEONG Daily

The last push up was to break thru from the 2 years down trend. with the huge vol accompanied the breakout, I believed it's a genuine breakout.

Most of the o&g are now making new, record highs. But Waseong doesn't seems to move that much yet

And if Elliot Wave Theory are to be believed, I think we are now at the 2nd wave, with 3 more waves to go.


WASEONG Daily 1


Rebounded at fibo 50%, with bullish harami yesterday, and a bullish kicker, if the price closes above yesterday high


just my 2 cents.

This post has been edited by ciahcra: May 29 2013, 10:57 AM

The gap wasn't even close as of today.....if there is correction maybe it will just close the gap. when? i dont know

anyway, if look carefully at WASEONG, it seems like a flag to me.....

I prefer the gap are not close, meaning the bull still strong....if close, and go down some more, then I'll be cautious

YINSON


YINSON daily

No idea what to comment......

Trend still intact, got hammer yesterday near trendline

doing offshore support service for o&g if i'm not mistaken, so is in the theme....

some people said the same thing about Dayang to me at RM3.....can still move ah? from very low to very high already


Now RM5 already!!

So i don't know if it can still moves upward or not, but since it's in the theme, so I guess maybe got some more upside potential, as long as the theme is in play.....


p/s: if it doesn't, just cut....

This post has been edited by ciahcra: May 29 2013, 11:26 AM