Errr..... Volume actions is more important than anything.... but then it depends on how and what kind of time frame you are trading.....

Some traders wants to react with every singe price action that they see in the chart....
They think the best is to try to profit from every spike and every down turn....
It's possible...
but for me...
ie... judging on MY OWN standard and capability la....
I cannot.....

I cannot sit still starring at the chart 10 hours a day....
I tried I cannot....
and it exposes myself to making constant decisions all the time....
this is so damn difficult.....
I could get it to maybe 45% correct on a trail period of 14 months...
but considering all factors....
this is not something I desire....
I do not want to be slave to the market.... blah, blah... bah.....

see?
it's like what I was saying...
know ownself first....
not everyone can be that someone....
it's not like that one....

on indicators....
every single indicator that is out there....
it's all based on the past data/factors....
think about that...
practice that long enough....
and you will see what I am trying to see....
it's not reliable...
sometimes...
it may appear to work like a charm....
but many times .... it won't...
and those times when it doesn't work...
these are the times which will hurt one badly............
so bad.... that it will take a long time to recover....

err.... you do know that you are trying to ask me to write a many moons and many cows stories.....
   

next week la....
choose a stock....
any stock....
and we do a live chat.....

you will see my limitations one....

Whatever opinion/remarks/live chat/moons and cows stories you have.... there is always something for us to learn, regardless of how experienced or inexperienced we are.

So keep up the good work in being frank and sharing your honest 2 -3 cents.

On 29 Sep KLCI low was 1595.22.
Today? KLCI close how much?

So you can probably might want to say the market is hot hot......     


and this is where you can get the disconnect....
when you weigh market 'fundamentals' vs the market......

Haha this ah boon evaded your questions la lynetnonyma. But, he did give u a nice compliment and two hints.

I believe his true intention is more of directing u to the sea. Give some hints/opinion from time to time on how to fish to survive. Let u discover for your self the "way" that works best for u in fishing. As he mentioned many times, know yourself n what fishing techniques u r really good in.

Don't be a follower. Be a Do'er.

The force is strong in our Jedi Master...
But nvm, I prefer the Dark side of the Force muahaha

This is why laaaaaa

My nail got chipped a little.... 

There is no short cut for success..

Both methods got its plus and minus...

as you know....
Charts can and are quite often 'made'.....
So if you buy based on the chart or as you say, use chart as the initial stock screener...
then your trading play is based on what the market sharks want you to play.
Pure chartist always swear that the charts is their holy grail.....

Using companies as the screener....
well, you trade based on your knowledge/reasoning on how the stock should do in the future......
some say you are more in control...
cause you are trading based on what you know.....
but there are risks also...
sometimes we can make the wrong analysis.....

Which is better?
which is the better route?
I can't answer for you....
what works for me might not work for you....
Perhaps testing it extensively paper trading might help you discover you....

pssst: use local stock
See back Home boi chart I posted the other day....
Would you buy?
If so, at what price?

Zero markah.....

Cos I am asking about another stock.

Certainly very boring.

I can understand your opinion of the stock. 
Mark it down and then compare your comments in the future.

This is what I will do when I paper trader.
Besides entering my 'fake' entries, I also mark down why.
Then I compare....
and I observe my thinking.....

It depends.

If I was being an aggressive trader...
I would look closely on the trading activity.
Maybe wait for the price to hit 121 before going in.

If I was conservative....
I would wait for the stock to consolidate (like what it is doing now)....
And if price holds till end of the day....
Maybe I might consider grabbing some....

It all depends la......

And most important, I need to have confidence that the stock should trade higher or not.
Pssst. It is tedious to just post what I  thinking.
It's not me that is important.....
It is for you to practise and sharpen your paper trades...

If it gets to boring....
I better go shoot some lizards...