Hardcore fans might argue that there's a long shadow on the candle and together with the large buying volume towards the end of the market, there's confidence with the business itself.

So, history in June might repeat? Consolidating for a few days/weeks before going higher? Pure speculation.

Still nope, I don't own rubber. It's fun to watch though.

looks like bullish pennants for me though

my guessing only

when i look at the time and sales, there were many small lots.

thank you boss

learn many things over here

btw, what timeframe you guys trade on? I've seen many keep on switching charts to cherrypick certain patterns to support their rationales

i mean, when one has decide on entry and exit, shouldnt one stick with the plan? or act accordingly?

when i paper trade, i use day chart for mid-long term holding; whilst i've seen some keep n jumping back and forth and when i asked questions, their answers tend to contradict with each other

This post has been edited by billy_overheat: Jul 15 2020, 07:00 PM

Since everybody is talking about unker kyy, looks like he's fooling everyone, again. Hahhahah

Many have been doing such things recently and the writings and showing portfolio are luring in many new players with no experience.

IF they are learning new things from the sifus, it's fine but more often than not, the recent bull has made them feel like invincible.

Oh ya, for those who are not accepting students? Write more to lure them in and buy while the writer offloads his/her share.

Go back to my paper trading and see see what can I learn, any tips to be more confident? I've been sitting very tight without touching anything for these two months.

I should have rephrased. How to be better?

This is what I do with my paper trade.
1. Identify trending sector.
2. Take out around 5 best companies in the sector.
3. Read their AR and QR (I'll admit, figures are skimped, percentages are emphasized on growth, that's what I do la, really bad with numbers)
4. Look at their charts, trends, candles, and strengths. (supports and resistances with high volume in the past)
5. Identify entry and exit points. (like to buy after a retracement, never good with chasing; use ATR1.5 for cut loss, or roughly 7%, if the stocks I bought touch my CL point, that means I'm wrong)
6. Never goes all in. (buy in batches, average up, not down)
7. Wait.

**Did anticipate the possible formation of the chart. Since we don't do short here, we can only go long. Like you said, another leg, another retracement, etc.

The paper trading for 2020 is a success. But it's a bull market. So, I guess I just kinda like, went along with the flow. Since the market is unpredictable, it is never my own ability to even begin with, I just go along and trade according to my setups.

But again, how to be better? After these few years, when I am right, I am. When I am wrong, I just CL. Although winning rate is better than my losing ones, still, I started with diversification, long term buy & hold beats trading, dollar-cost averaging, humans can't beat passive investment, yada yada...

Macam mana ni? Aiyooooooooo

This post has been edited by billy_overheat: Jul 22 2020, 08:58 AM

Bloodbath yesterday. How's everyone doing here ehh?

For trading wise especially during shorter timeframe, how's VWAP consistency? I've been doing backtesting and couldn't see much of a use for me but many are adoring this particular indicator. A simple trend line is much more useful for me. Lol. Anyway, how's everybody doing?

Based on what I've seen, the common use is to sell above VWAP and buy below VWAP in shorter timeframe to for reasonable price. But, what's reasonable price? Many have said that trading is a game of probability which winning more and losing less means a good game. But, I tend to disagree with this. Read too much of Boon's postings?

The revenue increased.



Profit dropped due to expansion, higher commission and forex.



Progress of utilization.



Prospect.



Still looks good though. But, chart wise, it's been on short term downtrend, hence, nothing much to do as it is in consolidations stage?

Wabiang. Don't tease me lehhhh. Still learning. Knows nothing. The more I read, the more I don't know.

So does it mean if it doesn't break the support and there's enough volume with green candles after a few days, it can reverse and turn bullish. Then only we react rather than anticipate?

So the rather interesting question would be, when to anticipate and when to react and this is to each his own. lol

mi is extremely bearish today in which perhaps the big funds are throwing off everything? I would monitor a few more day before doing anything though. Paper has been shaved by a huge chunk today. Haha.

And ah boon big boss, many would have taken your sharing and suit themselves in eh?

Anyway, money has been flowing from board to board, other than looking at charts, is chasing the breakout stocks a much better idea by switching the funds?

It sounded so wrong because it's basically trying to see which board is gonna move in the future regardless of future prospect of companies and charting alone.

Although the market hasn't closed today, the hammer which gapped up due to NASDAQ's performance yesterday might signify uncertainty?

However, if Darvas Box is drawn for the stage of such consolidation for around 140 days, can it mean that it's on 'support', although like what you said, support and resistance seldom make sense because they can be easily broken with no meaningful rationales?

My bad, yeah, it's an inverted hammer. Looks like a signal for trend reversal but yeah, agree with you, we really do need to understand what kind of traders are we.

Using SG as an example of how effective is the vaccine shot might not be a good idea as things are well-controlled compared to what we have here. losing control

our minister did say we applied for trial way earlier but things were better that time, with roughly 4k cases every day, i guess it's good for us to see how things work out once trial starts here, if indeed the numbers drop, especially after the trial and more cycles of mco, things will become better?

nothing much to do recently except techs go higher and higher

amc ang gme are good dramas to watch yo

Was looking at qes months before. Didn't pay much attention. Checked it just now and rocket flew. Lol happy chinese new year guys!

Gonna sit and do nothing still. Wait wait wait..

Has anyone noticed CIMB is forming cup and handle and possible reward from the increase interest rate might make the stock price interesting in the future?

This post has been edited by billy_overheat: Mar 13 2021, 09:18 AM

Is it because it's not really a smooth u or is the volume not significantly lower towards the ride side of the chart? I've seen various people drawing different types of c&h.

Yeah, that's what making me confused as well. A lot of seeing what they want to see.

Thanks first boon!

Is it because of the shape of the cup or the handle part which it hasn't properly formed? or is it because of the depth of the cup?





There are quite many different definitions of the chart patterns but I'm more familiar with investopedia. I wonder what is the gold standard of the diffferent chart patterns we've got these days. The creator or the more prominent traders who are more successful using the certain applications? Thanks first for replying, boon.

This post has been edited by billy_overheat: Mar 15 2021, 11:23 AM

welll i'm not sure. gonna research more. btw, apa spider mainn