KBES Bhd - Double Bottom?

Thursday, December 27, 2007

KBES Bhd currently in downtrend mode. RSI-14 just move out from the oversold area a few weeks ago. Volume slightly increase lately. Will KBES perform double bottom soon? See my previous post about chart pattern. Here is KBES Bhd daily chart below;


What do you think? Any news or rumors? See what happen next...

Read more...

Inverted Head and Shoulder - Proton Holding

Wednesday, December 26, 2007

Proton Holding Berhad currently in downtrend mode and may in bottom side. Inverted head and shoulder may appear and you can refer this chart pattern in my previous post. Left shoulder in increasing volume while the head is slightly low volume. Then if you see on the right the volume increasing which I am thinking that the the pattern might be appear soon. A valid entry signal should be seen if the stock rallies through the neckline together with a big increase volume. See this chart below;

Proton Holding Daily Chart

RSI-14 days showing still in oversold area and basing pattern still in progress. Current support line is expected at RM3.54. Watch out!

If you enjoyed this post, make sure you subscribe to my RSS feed or to your email subscription to get automatically post updated.

Read more...

Public Holiday

Tuesday, December 25, 2007

As today is Christmas festival, no trade today. Mmmm... So tomorrow there will be a trade for me. You? I am not ready for posting any chart right now. Just want to say Merry Christmas and enjoy your holiday!



Maybe I will review some spot counter tonight. See you...

Technorati Profile

Read more...

Astro: Another Counter to Watch

Sunday, December 23, 2007

See my previous comments on this Astro stock. RSI-14 days is just near the overbought area.

Astro Daily Chart

Anyway if price can overcome and open RM3.60 price support with heavy volume, the price seems to continue higher upward. The daily chart as per enclosed and weekly chart showing that the upward price is support with increasing volume which make me more confident on this counter to trade. Meaning that this week I already have spot counters to carry some good trade. I will update soon or later to put some updating on my trades. Enjoy and continue this reading. Have a good trade tomorrow!

If you enjoyed this post, make sure you subscribe to my RSS feed or to your email subscription to get automatically post updated.

Read more...

Update On Air Asia Share Price

On my last post about this counter, it is just near the fibonacci retracement 100% level. Air Asia Bhd currently on selling pressure which we can see that the volume still increasing at this current situation. Air Asia closed at the RM1.59 which is traded with heavy volume. If I am not mistaken, it was on the top volume on the last Friday. Remember, fast drop with volume spikes will end the previous trend and we will see the trend reversal. This is what I want to see and learning as much as possible from market fast action. Hopefully, I will not miss again on this trade. I will waiting the reversal confirmation to entry this stock. Maybe after Christmas will show some bullish signs. Happy learning and happy trading!

Read more...

Stock Market View: KLCI 21 December 2007

Last Friday, Kuala Lumpur Composite Index ends up with 16 points at the 1403 due to rise on the wall street on Thursday night. Advancers beat decliners 472 to 344, with 293 stocks unchanged. While on last Friday, Dow Jones continue its gained another 190+ points which normally give positive impact to our stock market. Additionally the general election is near there in the new year which some what will sure boost KLCI index. See KLCI daily chart below for your reference;


Even our stock market go higher after rebound for the last 3 days trading session, but be careful that the volume slightly decrease compared before. Anything can happen at this moment. The public holiday for Christmas is just a day after tomorrow. Happy trading!

Read more...

KFC Holding Continue North Direction?

KFC Holding (M) Berhad already up almost 10% after my previous post from around RM6.00 to RM6.60 closed last Friday. Sure it is big money, 10% only for one week.. Anyway don't think too much on the return value. Just concentrate on your good trade, I am pretty sure you will not regret that! Here I just put the updating chart for KFC Holding.

KFC Daily Chart

KFC share price currenty just near the another trigger buy, red line. If price can go higher and can overcome RM6.65 support with bigger volume from previous trading session, I am sure the price will go more than RM7.00. If you see the RSI 14 also at the moment near the bullish area which more than 50 will consider in bullish area. Anyway, lock your profit if you are position in this trade. Just beware that last trading day showing volume slightly decrease from previous last session trading day. Good luck and happy trading!

Read more...

Another Stock To Monitor

Thursday, December 20, 2007

Here I enclose 3 stocks to be monitored. RSI-14 in oversold area and share trading price last trading session is near the Fibonacci Extension level.

Pos Malaysia Bhd Daily Chart


Air Asia Bhd Daily Chart


Mobif Bhd Daily Chart

The confirmation for entry is very much depend on the volume itself. I will update soon which only trigger my entry. Maybe by next week or January next year. Tomorrow is holiday. I am wishing you all "Selamat Hari Raya Aidiladha".

Read more...

Update on KFC Share Price

Wednesday, December 19, 2007

I got clue that KFC selling down recently due to bird flu crisis in Thailand. As I promised earlier to update on this KFC stock price, the price turn upward even the KLSE index average down this 3 days. My comment on selling mode a few weeks and end with big volume showing that the support level is strong. Buyers are supporting the stock at level which sellers unload their position. Volume spikes on last 3 days trading session near the support level leads the reversal meaning drying up of the selling pressure. Volume increasing 3 days in row showing the accumulation and the price bounce slightly upward. 25sen from current support. The RSI 14 days turn upward and just move out from the oversold area.

KFC Holding Daily Chart

Enough to make money? Mmmm... Anyway, just to remind that the resistance is just near there RM6.35 to RM6.40 which usually the first target stock disposal. Keep your profit and tight your stop loss. Happy learning and happy trading!

Read more...

YNH Property - Selling Pressure

Tuesday, December 18, 2007

Yesterday, I chat with my one of good friends about this counter. He told me about his interest with this counter and will put this in next portfolio. Currently he made money using tips and news to trade. This counter has a lot of project to come as he said. To me, never mind if he will make some money. Below is my comment on this stock.

YNH Property Daily Chart

YNH Properties currently in downtrend mode, recently failed to overcome the trendline resistance trigger line (horizontal red line). Refer to my post before to find out how to do this setup. Current support line is expected at RM2.35 while next support line is RM2.15. RSI-14 declining and turn down. 5 days volume increasing shows me this stock in selling mode which I assume will be retested the current support. Aidiladha and Christmas is just near there, most stock will be in selling mode to take some profit. Mmmm... this stock currently not catch my interest. I also like some tips to make confident level but any trade that I made very much depends on technical analysis. I am open to all to share my knowledge. Appreciate if somebody out there to share how they trade using tips and news. How to get the best price? How to cut loss or reevaluate your stock in case your stock doesn't move in your favor. As long as you make profit using your method, go ahead. I also like to hear from you all.

Read more...

Astro Stock Price Update

Sunday, December 16, 2007

Remember the last I posted on this counter? False breakout on the Astro happened. The Astro price already broke the down trendline but still not my triggered buy! I am lucky not take the trade yet... Anyway, the price already bounce at the RM3.10 and go up RM3.40. Miss the trade to me is okay but don't miss the lesson. I'll try my best to learn as much as possible. Currently, the price is near the down trendline resistance and the RSI also showing near 60 which need time to open new opportunity. Here I enclosed the price trending Astro for you to review.

Astro Daily Chart

Read more...

KFC Holding (M) Sdn Bhd

KFC Holding (M) Sdn Bhd own 100% of KFC restaurants franchise in Malaysia and Singapore which is backed by fully integrated poultry operations. Today KFC maintains its dominance of the fast market in our country.

Currently KFC stock price is suddenly drop from RM8.00 to RM6.00 which dropped 25% in only one month. I try to find out why its price going down but not found anything in internet. Would you share with me why its happened?

KFC Daily Chart

On last Friday, KFC already broke and closed below the up trendine. Also happened in last trading day, volume spike more than double before which I assumed panic selling. In the mean time, investors and traders worried about the US market crisis. The Dow also down on last Friday at 178 points dropped. Can you guest what will happen to KFC tomorrow? I will follow this counter this week and post some result to review.

Read more...

Elliot Wave

Thursday, December 13, 2007

Currently I am studying the Elliot Wave method on trading stock. Here I enclose one of the Bursa Malaysia stock to review.

Nextnation Weekly Chart

Elliot Wave is a study about wave to predict market behavior by R.N Elliot. Elliot Wave patterns usually occur in sufficient volume and liquidity market. Unfortunately, this method seems too complicated and very hard to study alone. Anyone has used it and successful implement it in our stock market? Your suggestion is highly appreciate and any comments are welcome.

Read more...

Dow Jones Index 12 December 2007

DJI Index Daily Chart


Right now at our local time 00:30 hrs, the Wall Street DJI rally on the Fed Cut 156 points. If you want to check daily DJI index as per picture below, you can refer to yahoo finance. DJI broke the intermediate down trendline which seem to be current support near 14,700 points. See the chart Dow Jones trading at fibonacci level and the trendline support.
I often check this data recently since our local stock market sentiment very much depends on the wall street performance. Check it out to build your confident before entering the market the next day.

Read more...

Tenaga Broke The Down Trendline

Monday, December 10, 2007

Tenaga Daily Chart

I didn't noticed that Tenaga already broke the down trendline last week and entry method using tendline should be on 3rd December 2007. The lowest price is RM8.65 and broke the down trendline on 27 November 2007. Using the trendline method for entry, price projected can be calculated by RM9.30 - Rm8.65 = Rm0.65. Price target: RM9.30 + RM0.65 = RM9.95! That has been passed and I missed the boat. Mmmm... The highest price was trading last week is RM10.10 and turn down closed at RM9.80. Please leave your comments if you have some idea or tips about this counter. Thanks...

Read more...

Stock To Monitor - RSI Oversold

Sunday, December 9, 2007

Titan Petrochemical and Pos Malaysia currently in oversold area using RSI 14 days. Both in downtrend mode and were traded near their popular fibonacci level, 100% and 161.8% level as well. See both charts below:

Titan Petrochemical Daily Chart

Bullish divergence occurred on this stock. Price set low while RSI 14 days not. Double bottom may exist for couple of days. Patience is virtue!

Pos Malaysia Daily Chart

My strategy for this counter is waiting for the bottom reversal which I expected that at the level 161.8% fibonacci level. You may also wait the chart patterns appeared and confidently enter the market with tight stop loss.

Happy trading and happy learning!

Read more...

Stock Market View: KLCI Index 6 December 2007

Thursday, December 6, 2007

Still remember in my few past post on October? My target for KLCI is 1442. Click here to checkthe post. Today KLCI already achieved the target. Highest at 1446 and closed at 1440 today. Mmmm... I am so surprise that KLCI will achieved my target! Unfortunately, this is not a trade counter. So, no money coming to my pocket.. hehe... Advancers beat decliners 451 to 355, with 319 stocks unchanged.

Actually, KLCI already break the all time high 1423 yesterday. Recently, the price turn down below the 23.2% fibonacci line and pullback to the current high. Currently daily technical indicator RSI showing near the overbought area. We have to be careful since the breakout volume is just low at this time. Plan your trade and calculate your risk.

Happy learning and happy trading!

Read more...

GPACKET

Wednesday, December 5, 2007

GPACKET Weekly Chart

Currently GPACKET in downtrend mode. Anyway if you see the chart, right now take a breath at the 261.8% fibo line. RSI showing in overbought area which normally showing the bottom condition. Trendline price projected for the downtrend is RM2.25. I just monitor this counter at this moment. Is there any reversal sign? Any comment?

Read more...

Stock Market View: KLCI Index

Monday, November 12, 2007

Kuala Lumpur Composite Index Daily Chart

Kuala Lumpur Composite Index (KLCI) dropped 19 points and closed at 1382 today on profit taking activities following Wall Street’s extended losses. Lately for the couple of days, the trading volume drops significantly with less than one billion daily average traded. Considering the short term views, our stock market in minor correction mode and will ready for technical rebound. Probably we will see a few people will jump and try to catch a falling knife during this time. Anyway, all eyes tonight surely will focus on the DJIA and our stock market; Asia stock market generally will be much affected whatever result tonight. At this moment myself is not actively view Malaysia stock market due to work load at my office. Surely no trade is made during this time because I cannot monitor stock market closely. All the best and happy trading!


Read more...

Bursa Malaysia Market Wrap - November 9, 2007

Saturday, November 10, 2007

Bursa Malaysia commentary in Star Online today.

Read more...

Tenaga Nasional 2 November 2007

Sunday, November 4, 2007


Tenaga Nasional Quarterly Chart

Have you seen this kind of chart tool before? Adrew's Pitch Fork. That's it. I am using the Adrew's Pitch Fork Trend Lines for this case study. Price normally play around the median trendline. Stock price will touch the upper and lower trendline and back to median trendline. When the lower trendline broken, meaning that sell short valid signal triggered. But our market do not allow short sell. This stock price at the moment around RM9.00 at the previous support. Will Tenaga stock price survive at this time? Any comments?

Read more...

Swing Trading - Investopedia

Thursday, November 1, 2007

Types of Trader

A style of trading that attempts to capture gains in a stock within one to four days.

To find situations in which a stock has this extraordinary potential to move in such a short time frame, the trader must act quickly. This is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit the short-term stock movements without the competition of major traders. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders aren't interested in the fundamental or intrinsic value of stocks but rather in their price trends and patterns.

Read more...

Stock Market Stages

Wednesday, October 31, 2007


Stage One

Stage 1 is the stage right after a prolonged downtrend. This stock has been going down but now it is starting to trade sideways forming a base. The sellers who once had the upper hand are now beginning to lose their power because of the buyers starting to get more aggressive. The stock just drifts sideways without a clear trend. Everyone hates this stock.

Stage Two

Finally stocks break out into Stage 2 and begins the uptrend. Oh, the glory of stage 2!! Sometimes I have dreams of stocks in Stage 2! This is where the majority of the money is made in the stock market. But here is the funny thing: No one believes the rally! That’s right, everyone still hates the stock. The fundamentals are bad, the outlook is negative, etc. But professional traders know better. They are accumulating shares and getting ready to dump it off to those getting in late. This sets up stage 3.

Stage Three

Finally, after the glorious advance of stage 2, the stock begins to trade sideways again and starts to "churn". Novice traders are just now getting in! This stage is very similar to stage 1. Buyers and sellers move into equilibrium again and the stock just drifts along. It is now ready to begin the next stage.

Stage Four

This is the dreaded downtrend for those that are long this stock. But, you know what the funny thing is? You guessed it. Nobody believes the downtrend! The fundamentals are probably still very good and everyone still loves this stock. They think the downtrend is just a “correction”. Wrong! They hold and hold and hold, hoping it will reverse back up again. They probably bought at the end of Stage 2 or during Stage 3. Sorry, you lose. Checkmate!

Read more...

What Is A Stock Trading System?

Tuesday, October 30, 2007

A stock trading system is simply a piece of software that helps assist in your stock trading. These systems are designed to help you accurately determine when to buy and sell, as well as what kind of profits to expect. But since it is a piece of software ultimately designed by a human, one has to wonder how accurate it can be.

A stock trading system bases its functionality on certain technical analysis tools, and since there are many types of analysis tools, the results can vary depending on which system you use. On the one hand, it is great to find an automated system that can assist with this analysis, yet on the other, accuracy will depend on which tools it uses.

And therein lies the problem with a trading system - whether or not this program will work as it claims depends on the programming. That is why a lot of care and research needs to be put in to determine which trading system will be best for your needs.

Read more...

Petronas Dagangan 26 October 2007


Petronas Dagangan Weekly Chart 26 October 2007

On candlestick weekly chart showing that PETDAG in uptrend mode and at the same time trading on its uptrend line. Anyway, if you see on the volume chart showing that the stock trading on decrease volume lately which I assume that the correction will occurred. Additionally if you see the technical indicator RSI 14-weeks, there is bearish divergence existed and it is around overbought area RSI~70. Wait the pullback if you wanna a play safe game on this counter.

Happy learning and happy trading!


Read more...

Kuala Lumpur Composite Index 26 October 2007

Saturday, October 27, 2007

KUALA LUMPUR (Thomson Financial) - Malaysian shares closed sharply higher Friday, with the benchmark index hitting a fresh record as investors became increasingly convinced the Federal Reserve will lower interest rates next week.

The Kuala Lumpur Composite Index (KLCI) closed up 20.08 points or 1.5 percent at 1,398.35. For the week, the KLCI was up 28.18 points or 2.5 percent. Advancers beat decliners 663 to 222, with 255 stocks unchanged and 184 counters untraded. Volume traded was heavy at 1.91 billion shares valued at 2.17 billion ringgit.

KLCI Weekly Chart

On the last Friday, Kuala Lumpur Composite Index (KLCI) already penetrated the all time high 1392 (previous) at 1398 points. It looks like the KLCI going to be higher after break the previous resistant with heavy volume. From the chart showed that the first projected price using fibonacci level extention is at 1442 points. Technical indicator 14-weeks RSI also pointing up and still not in overbought area which I assume next week we will see some new high will be made.

Trading on your own risk. Happy learning and happy trading!

Read more...

VADS Berhad

VADS’ core businesses are the management of computer network systems and call centers. It is an information technology (IT) company that can provide total solutions for companies seeking to outsource their internal computer and network requirements.


Standard and Poor's (S&P) quoted in his stock commentary today that "We reiterate our Buy recommendation and raise our 12-month target price to MYR7.00 (from MYR5.44 adjusted for a 1 into 2 share split)".

VADS intends to pay out 40% - 60% of net earnings as dividends giving reasonable yields forecast at 3.6%. With MYR19 mln net cash at end-Jun. 2007, we believe the conservative payout policy leaves VADS with sufficient reserves to make further strategic acquisitions or failing which, to raise the payout going forward. (S&P)

VADS Berhad Weekly Chart

From the weekly chart showed that VADS Berhad stock trading at 423.6% fibonacci extention level which already achieved the second target price. A doji star occured where the doji gap above previous candle on the uptrend sometime showing that the trend will change. This signal confirmation can be validated after the next candle occured. On the techincal indicator 14-weeks RSI showing that the price is in overbought area at 78. Additionally bearish divergencce occured in daily and weekly chart RSI.

Even the S&P recommendation is to buy this stock in his report, my TA said that we have to wait until we get a good price which I assume this stock will make correction before its continue to north direction.

Trade on your own risk. Happy learning and happy investing!

Read more...

Tenaga Nasional

Tenaga Nasional (Tenaga) is the electricity utility company in Malaysia and is mainly involved in the generation, transmission and distribution of electricity. Tenaga manages the electricity grids in both Peninsular Malaysia and Sabah.


Standard and Poor's (S&P) said in his stock commentary today that "We reiterate our Strong Buy recommendation and 12-month target price of MYR13.00". Risks to our recommendation and target price include Tenaga being made to absorb higher gas prices, the continued upward spiraling of non-gas fuel costs and weaker-than-expected electricity demand growth.

Tenaga Nasional Weekly Chart

Above is Tenaga Nasional weekly chart and I will put my comment on this counter. The 200 SMA is used to separate bull territory from bear territory. Since end of July 2006 Tenaga stock trading below 200 SMA which showing that it is in bear or downtrend mode. Technical indicator 14-weeks RSI set a new low while the indicator is not. This is triple bullish divergence. But I'm still thinking that the price will be at intermediate support at RM8.50 which at the same time relate to fibonacci 261.8% level. Patience is the key to success and we should waiting the confirmation signal for trading and take small risk that acceptable.

Additionally, Tenaga Nasional slid 20 sen or 2.1% to 9.25 ringgit after the company reported a lower-than-expected fourth-quarter net profit due to foreign exchange losses. Investors were also worried that higher power purchase costs and a potential increase in fuel costs may impact Tenaga's outlook next year.

Trading is on your own risk. Happy learning and happy trading!

Read more...

Definition of Stock Day Trader

Wednesday, October 24, 2007

Very active stock trader who holds positions for a very short time and makes several trades each day. Day traders are individuals who are trying to make a career out of buying and selling stocks very quickly, often making dozens of trades in a single day and generally closing all positions at the end of each day. Day trading can be costly, since the commissions and the bid/ask spread add up when there are so many transactions.

What is the definition of a Day Trade?


A day trade is the purchase and sale (or short sale and purchase) of the same security on the same day in a single account.


2. What is not a Day Trade
?

Liquidation of overnight positions (or purchase to cover a previous day's short sale) of the same security the next day will no longer be considered a Day Trade.

Read more...

Kuala Lumpur Index Composite 22 October 2007

Monday, October 22, 2007

The market closed lower last Friday with the KLCI falling 6.15 points or 0.45% to 1,370.17. The market started on a positive note but gave way to selling pressure in line with the weaknesses in regional bourses.

Today KLCI ended with 19.36 points dropped at 1350.81. Dow Jones Index slumped 366 points last Friday which showing us high impact on US market crisis to our regional stock market. Counter gainers 136 while losers 784.

For those who is still hold any stocks, lock your profit tight. Stay away from market at the moment if you are not very confident.

As per Warrant Buffet said:

Rule No. 1: Do not lose your money. Protect your profit.

Rule No. 2: Do not forget rule No.1

Trade on your own risk. Happy trading!

Read more...

Online Stock Broker In Malaysia

Monday, October 8, 2007


Table of Authorized Online Stock Broker Listed By Bursa Malaysia

Online stock broker is a comprehensive web-based, real-time Electronic Client Ordering System (ECOS) that facilitates clients with the ease and convenience of online share trading for all securities listed on Bursa Malaysia. Through this service, clients can place orders and such as:

  1. Live Stock Quotations for All Securities
  2. Live Order Confirmation
  3. Intraday Stock Tracker
  4. Stock Alerts
  5. Profit/Loss Calculator
  6. Favorites List
  7. Off-Market Deals
  8. Company Financials
  9. Key Market Indices
  10. Market Statistics & Scoreboard
  11. Market Trade Monitor
  12. Up-to-Date Market & Stock Announcements/News
  13. Bernama News
The purpose to list this authorized online stock broker is to make sure that we are not cheated by others party when somebody eager to start stock trading. You have to survey which one is good online stock broker and suitable with your self-fulfilled.

Read more...

Bullish Eyes on Astro Counter?


Astro Daily Chart

Overlook Astro below 200MA and still in downtrend mode. On last Friday, breakout based on the downtrend line happened as picture above with average 5-days volume high then price closed at 4.16. The price may retest a few times around the trendline. Candlesticks showing bullish patterns. Technical indicator RSI >70 Astro in overbought area which seems that Astro may do correction in very short-term period.

This counter looks very interesting when my analysis showing some contradict. Dowtrend line already broken with 5-day average volume high. Trading rules for trendline entry method already fulfilled when today 8/10/2007 Astro opened at 4.16. The red horizontal (4.15) and vertical line showing how to make an entry. If price open above the horizontal line, the entry is there. While my counts based on Elliot Wave Theory and Fibonacci Expansion line, overall Astro in downtrend which still in count no 4 and waiting count no 5 for the end.

My instinct said that downtrend is still ongoing on Astro and I will not trade this counter. Sometimes you must believe your instinct which will guide you to make decisions.

Day after this I will show you how to trade using trendlines, Elliot Wave Theory and some explanation about Fibonacci. The basic material to show you is still in progress.

Anyway, happy learning and happy trading!

Read more...

Kuala Lumpur Composite Index Recovered?

Sunday, October 7, 2007


KLCI Daily Chart

KLCI ends +0.19% at 1372.39 in heavy volume with more than 2 billion shares changing hands as bargain hunting on blue chips, government-linked stocks by local funds helped reverse losses. Market breath turned positive at close with gainers edging out decliners 631 to 282. Follow through buying interest may push benchmark to retest all time high of 1392.18 tomorrow.

On the wall street market, the Dow and the S&P 500 surged to all-time intraday highs on Friday after a solid employment report rekindled optimism about the U.S. economy and corporate profits. The S&P 500 also closed at a record high.

Technically from the price chart above we can see that market is trying hardly to retest the previous high at 1392 points. After some moment of the bearish sentiment US market, KLCI take a breath at the fibo level and might to retest all the time high. Daily RSI showing that KLCI in overbought area RSI>70 which I expect that correction will happen this week. Overall look up still uptrend and promising.

Additionally with the Hari Raya holidays around the corner and given the lack of fresh leads on the local front, market observers say the KL Composite Index will likely fall into consolidation mode this week.

Enjoy this reading and happy learning!

Read more...

Chart Patterns and Formations

Saturday, October 6, 2007

The most common chart patterns that usually trades are as follow:

1) Symmetrical Triangles
2) Ascending Triangles

3) Descending Triangles
4) Double Top
5) Double Bottom

6) Head and Shoulders
7) Reverse Head and Shoulders

Read more...

KLCI 28 September 2007

Sunday, September 30, 2007

KLCI +1.2% at 1336.02 in heavy volume, buoyed by local funds ahead of Eastern Corridor Economic Region announcement by Petronas; market breadth positive with gainers leading decliners 481 to 231.

At this moment, market is unpredictable. So trade on your own risk.

Happy trading!

Read more...

KLCI 24 September 2007

Monday, September 24, 2007

Back in Malaysia market, the KLCI closed 2.73 points or 0.2% lower to 1305.94 last Friday, weighed down by heavyweights like Maybank and Tenaga as investors locked in profits after 3 days of strong rebound.

Today Index Composite gain another 11.3 points closed at the 1317.24 points. Expected market will rise some more points this week.

Read more...

US Market

Saturday, September 15, 2007

No trade was made during last week. Our buy order didn't trigger.

Here is US news update because recently our stock market performance is very much depending on US market which is straggle in market crisis...

NEW YORK, Sept 14 (Reuters) - Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher this week and could boost them next week.

Investors expect the Federal Open Market Committee to cut the federal funds rate in response to growing concerns that the U.S. economy is slowing and may be heading into recession.

Short-term interest rate futures on Friday indicated investors believe a half a percentage point cut in the federal funds rate is slightly more likely than a quarter percentage point cut when the FOMC meets.

Some investors say the stock market has priced in a quarter-percentage point rise, limiting any upside. But if the past is a guide, investors will react to the actual event, said David Bianco, chief U.S. equity strategist at UBS in New York.

"I think the market's going to have a positive reaction to it, I really do," said Bianco, who expects a 25 basis point cut in the federal funds rate and a 50 basis point cut in the discount rate.

"It will signal a response to what's going on, to try to prevent credit market troubles from spreading to the real economy," he said.

Reuters polls showed on Thursday that economists see about a 30 percent chance that the United States enters recession in the next 12 months should the effects of a housing slowdown continue to seep into the wider economy.

Major U.S. stock market gauges moved up this week in anticipation of a rate cut, with the Dow Jones industrial average

Read more...

My Trading System (II)

Monday, September 10, 2007

KLCI plunged another 14 points today due to Dow Jones down on last Friday.

Today Inix never touch 0.12. So there is no trade today.

New Trade: Cocoaland current price ~ 0.855
Buy order: 0.685
Sell order: 0.730

We will see the result tomorrow.

Happy trading!

Read more...

Kuala Lumpur Composite Index

Sunday, September 9, 2007

KLCI Daily Chart

As expected last week, KLCI gains with the white candle and closed at 1305.04 points. This week (tomorrow) cannot be expected because last week was our budget announcement but the Dow Jones Index plunged another 249 points due to jobs loss data. We will see it tomorrow how KLCI will react.

I forgot to mention that the new technical indicator Bollinger Bands will be included after this for every stocks anaysis. This is one of the most powerful tools to be included in my trading system. I will describe it later or I if you cannot wait me, just click the website in education column.

Happy learning and happy trading!

Read more...

Hexza

Hexza Daily Chart

In my last comment, Hexza was traded in it's trendline and symmetrical triangle. It already broke the trendline and breakout happened. New trendline already made and it retraced at 61% fibo line.

Read more...

Scomi Marine

Scomi Marine Daily Chart

Scomimr already retraced at the lower trendline and bounce back to close above it. I don't have any idea how will this counter is trade. Since the market uncertainty and unexpected, I will stay away from it.

Read more...

My Trading System (II)

Friday, September 7, 2007

Yesterday we already put the Buy and Sell order for SCN as below:

Buy: 0.555
Sell: 0.620

But the actual range for today is 0.555 to 0.605. If you leave this without monitor you will lose your money because sell order didn't trigger and the price went back to lower BB.

But if you put sell order at 0.605 you will take profit RM0.05. Let's do some calculation.

Wednesday lower BB: 0.680
15% < BB: 0.580
Higher range today: 0.605 ;
0.680 - 0.605/0.680 x 100% = 11%

This is only for forward testing. We'll collect all the result for building a new trading system.

Today New Counter to test:

Inix current price close: 0.150
20% (new rules to adjust from 15%) x lower BB (0.155) = 0.031
Price to enter: 0.12
Sell order: 7% profit taking at ~ 0.13

Read more...

My Trading System (II)

This is my new trading system that I will implement during market sell off or any counter itself. Both technical indicator BB and RSI has its own characteristic especially when to measure overbought or oversold condition. The system still in test mode which still do not prove successful trade. At the moment I will put some selected counter that meet my criteria as follow:

Bollinger Band: lower than 15% from the lower band
RSI: oversold area around 20 / rsi support or trendline

Today paper trade No.1: (Please check the price chart at your own since my chart not available)

Buy SCN at RM0.555 ( price > 15% from the lower BB)
Profit taking or sold near the new (today) bollinger band at RM0.620 - parking

Start from tomorrow I'll try to post the result and the new paper trade.

Happy learning and happy trading!

Read more...

Six Steps to Setting Up Your System

Wednesday, September 5, 2007

The main focus of this article is to guide you through the process of developing your system. While it doesn’t take long to come up with a system, it does take some time to extensively test it. So be patient; in the long run, a good system can potentially make you a lot of money.

Step 1: Time Frame

The first thing you need to decide when creating your system is what kind of trader you are. Are you a day trader or a swing trader? Do you like looking at charts every day, every week, every month, or even every year? How long do you want to hold on to your positions?

This will help determine which time frame you will use to trade. Even though you will still look at multiple time frames (go back to 7th grade if you forgot), this will be the main time frame you will use when looking for a trade signal.

Step 2: Find indicators that help identify a new trend.

Since one of our goals is to identify trends as early as possible, we should use indicators that can accomplish this. Moving averages are one of the most popular indicators that traders use to help them identify a trend. Specifically, they will use 2 moving averages (one slow and one fast) and wait until the fast one crosses over or under the slow one. This is the basis for what’s known as a “moving average crossover” system.

In its simplest form, moving average crossovers are the fastest ways to identify new trends. It is also the easiest way to spot a new trend.

Of course there are many other ways traders’ spot trends, but moving averages are one of the easiest to use.

Step 3: Find indicators that help CONFIRM the trend.

Our second goal for our system is to have the ability to avoid whipsaws, meaning that we don’t want to be caught in a “false” trend. The way we do this is by making sure that when we see a signal for a new trend, we can confirm it by using other indicators.

There are many good indicators for confirming trends, but I really like MACD, Stochastics, and RSI. As you become more familiar with various indicators, you will find ones that you prefer over others, and can incorporate those into your system.

Step 4: Define Your Risk

When developing your system, it is very important that you define how much you are willing to lose on each trade. Not many people like to talk about losing, but in actuality, a good trader thinks about what they could potentially lose BEFORE thinking about how much they can win.

The amount you are willing to lose will be different than everyone else. You have to decide how much room is enough to give your trade some breathing space, but at the same time, not risk too much on one trade. You’ll learn more about money management in a later lesson. Money management plays a big role in how much you should risk in a single trade.

Step 5: Define Entries & Exits

Once you define how much you are willing to lose on a trade, your next step is to find out where you will enter and exit a trade in order to get the most profit.

Some people like to enter as soon as all of their indicators match up and give a good signal, even if the candle hasn’t closed. Others like to wait until the close of the candle.

In my experience, I have found that it is best to wait until a candle closes before entering. I have been in many situations where I will be in the middle of a candle and all my indicators match up, only to find that by the close of the candle, the trade has totally reversed on me!

It’s all really just a matter of trading style. Some people are more aggressive than others and you will eventually find out what kind of trader you are.

For exits, you have a few different options. One way is to trail your stop, meaning that if the price moves in your favor by ‘X’ amount, you move your stop by ‘X’ amount.

Another way to exit is to have a set target, and exit when the price hits that target. How you calculate your target is up to you. Some people choose support and resistance levels as their targets. Others just choose to go for the same amount of pips on every trade. However you decide to calculate your target, just make sure you stick with it. Never exit early no matter what happens. Stick to your system! After all, YOU developed it!

One more way you can exit is to have a set of criteria that, when met, would signal you to exit. For example, you could make it a rule that if your indicators happen to reverse to a certain level, you would then exit out of the trade.

Step 6: Write down your system rules and FOLLOW IT!

This is the most important step of creating your trading system. You MUST write your trading system rules down and ALWAYS follow it. Discipline is one of the most important characteristics a trader must have, so you must always remember to stick to your system! No system will ever work for you if you don’t stick to the rules, so remember to be disciplined. Oh yea, did I mention you should ALWAYS stick to your rules?

Read more...

Hexza Still Uptrend?

Tuesday, September 4, 2007

Hexza Weekly Chart

From the price chart showing that Hexza rebounced at the trendline and at 61.8% Fibo line. Currently it take breath at 50% Fibo line. The last black candle indicate that investor still doubtful due to US market crisis and be careful of the market action. On the technical indicator RSI showing that overall price decline/reflect to downtrend line (I forgot to to make RSI trendline). RSI bounce on the previous support and still stick down. My impression is it will follow the market which I can assume that the downtrend line only will break if overall market showing good picture (KLCI>1300).

Read more...

KLCI Updated

Sunday, September 2, 2007

KLCI Weekly Chart

After market sell off last week, market slightly recovered. KLCI retrace near the 50% Fibo line and bounce to 23% Fibo line before closed at 1273 points. If you see on the daily chart, we can saw long lower shadow candle existed (hammer) two weeks ago which I assume the pullback occurred. On the technical indicator RSI showing that KLCI at the moment is downtrend. The sell off two weeks ago tested previous RSI support and bounce back to 50 level. At the moment, not only our market but the most of the world major indices depend on the US economy. The sell-off was triggered by renewed concern about weak housing, consumer confidence reports and ongoing credit and mortgage market woes in the US. All eyes now focusing the US index especially Dow Jones. Tomorrow I expected KLCI will open higher since the US market on last Friday gain 119 points.

Read more...

The Seven Secrets of the Highly Successful Trader! - 7) KEEP TRADING AS PART OF A BALANCED LIFE

Saturday, September 1, 2007

This is an extension of Secret #6. Trading is stressful no matter who you talk to. Money is stress. So do everything you can think of to eliminate this stress. You will be happier and you'll be more successful. I have met hundreds of successful traders and one thing they all have in common is their lack of stress. They all have hobbies, families, friends, sports, and leisure activities that allow them to follow their rules without stressing about every move. It's amazing! I explain the stories in my book but I can tell you right here that my trading results went through the roof once I took a break from trading to pursue other activities. For years I thought I needed to spend every waking hour thinking about and developing my trading career. I became so stressed when the results were poor and so happy when the results were good. It was a roller coaster of emotions and stresses. I needed a break so I took a sabbatical for several months (but I left my rules intact and on auto-pilot with my broker). I returned to the best results of my career. I realized that my constant presence was only hurting my chances. From that point on I realized that I needed to make trading only one (of many) facets of my life.

The seven secret of the highly successful trader articles already completed which I took from the other website. Hopefully we can gain something on this beneficial articles.

Read more...

KLCI Updated

Sunday, August 26, 2007

Share prices continued to recover last Thursday amid improved trading sentiment as fears of a global credit crunch eased. The KL Composite Index rose 28.23 points to settle at 1,283.62. Market breadth was positive with gainers outnumbered losers by 771 to 173. While on Friday market close at 1273. Gainers 481. Losers 363. On Friday night we also can see that the Dow Jones Index gain another 142 points which I expect that next week KLCI will also follow this positive change.

I was on holiday for the whole week recently and no update is written on this blog. I also have problem with my KLCI chart which I think just for temporary. Problem to download data.

I'll update and continue monitor market this week.

Read more...

The Seven Secrets of the Highly Successful Trader! - 6) VIEW TRADING AS A SCORE IN POINTS AND NOT MONEY

Simply put, forget about the money. Follow your rules and pretend you are playing with chips. Be happy that you stuck to your rules and are winning the game. But if you think too much about the money then the losses will eat you up. You have to look at the big picture and the best way to do that is to forget about the money. In action terms, it means to stop looking at the newspaper every morning to see if your stock has gone up or down. If it hasn't triggered one of your actions (like exit or another entry) then don't worry about it because it doesn't concern you until action is required. If you stick to your rules then you really shouldn't even need to know anything about your stocks or your money until action is required (and even then you can automate most of those processes). The top traders never saw their trading as a cash box. They were either running a business or playing a game. It just is not possible to become a top trader if you view every single tick in the market as money lost or money gained.

Read more...

Malaysia Market

Friday, August 17, 2007

KLCI Daily Chart

Share prices tumbled again yesterday as investors reduced their equity exposure due to the uncertain U.S. market outlook and worries about credit market risk. Some Asian stock markets saw the biggest losses since the Sept. 2001 attacks on the U.S.

I will stay away from the market at the moment.

Read more...

The Seven Secrets of the Highly Successful Trader! - 5) POSITIVE SELF-BELIEF

Thursday, August 16, 2007

The top traders know that it is the discipline displayed in following their rules that make all the difference. If you do not believe in yourself and your system then you are going to have difficulty following your rules. Following your rules is the most important aspect of successful trading. But even if you do follow all your rules, if you are constantly doubting yourself then you aren't going to have any fun at all, plain and simple. You will be miserable. Although this step is important, it should come naturally if you follow the other rules because positive self-belief can be obtained through repetition and success. If you follow your rules and continue to strive towards developing and sticking to your system then the success of your plan will likely improve your belief in yourself and your system. If you are not believing in yourself then there may be a problem with your system... it may not be suited for you.

Read more...

The Seven Secrets of the Highly Successful Trader! - 4) WORK HARD AT LEARNING HOW TO TRADE PROPERLY AND KEEP WORKING

Wednesday, August 15, 2007

In other words, once you have put the time and energy into determining your system, your work is not done. You have to constantly evaluate and assess your system via education. Now, I'm not saying that you have to worry about your plan every time you make a trade. That would contradict Secret number 3! What I'm saying is that if you were a brain surgeon would you stop learning new techniques and new technology after you finished your internship? I certainly hope not! Hopefully, you'll keep educating yourself so that, at minimum, you can keep up with the changing times. At maximum, you keep improving until you become one of the best. Keep learning...even when you think you know everything there is to know about investing.

Read more...

Stocks Analysis

Sunday, August 12, 2007

Scomimr Daily Chart

Price already break the trendline and make lower high during this market crisis. Technical indicator 14-period RSI also break the support line and already tested at 2 last candle then pointing down. But it doesn't mean the overall scomimr will downtrend. From the chart we can see that price retrace at 61.8% fibonacci line (golden ratio) which has been tested two times. Current support is 1130. The last candle hammer showing that sellers already exhausted and the buyers took control. I know this will contradict with the earlier statement. What's next?

Hexza Daily Chart

Hexza in my last analysis was trapped in symmetrical triangle. Recently the price breakdown and break the trendline. The 14-period RSI already touched near oversold area, still pointing down and close at the support RSI line area. The last three candles showing that Hexza in consolidation and find a support at 0735 which is near the fibonacci 50% line (0730). We will see next price action by next week...

Jaks Daily Chart

Recently in my analysis showing that Jaks was in symmetrical triangle. Jaks already break the existing resistance and shoot out the sky. But after 2 trading days failed to hold the price and went down. 14-period RSI already break the RSI support line and pointing down. Price consolidate at the moment and I defined no clue.

From my comments above, I will not recommend any trade at this moment due to market crisis which uncertainty. Trading during this time needs a very good skill to interpret the price action. As a new trader, I try to learn as much as possible what will the market action.

Read more...

Trading Moving Averages - How to Use Moving Averages

Moving averages help us to first define the trend and second, to recognize changes in the trend. That’s it. There is nothing else that they are good for.

Many traders will try and get cute using all kinds of various combinations and really it is just a waste of time.

You do not have to keep adjusting the period of a line on a chart hoping to find the Holy Grail. It isn't there!

I won’t be getting into the gory details about how they are constructed. There are about a zillion websites that will explain the mathematical make-up of them. I'll let you do that on your own one day when you are extremely bored out of your mind! But all you really have to know is that a moving average line is just the average price of a stock over time. That's it.

Read more...

KL Composite Index

Saturday, August 11, 2007

KLCI Weekly Chart

KLCI weekly chart showing that KLCI turning down at the moment due to US subprime mortgage issue this week. Most stocks analysis said that Asia market will fluctuating by next week since most investor and floor trader will trade carefully until market showing good sign and quite stabilize.

On Friday, KLCI closed at 1287.7 points after touched the fibonacci 38.2% line at 1275.13 points. The last 3 black candles with high volumes and 14-period RSI turning down suggest that overall market still down.

The KLCI pattern movement at moment is volatile therefore if you playing counters good trading skill is a must to overcome the high risk and protect your capital. You may choose to stay aside if you are lack confident during this situation. Pay books and attend courses to learn is better rather than pay to stock market. Don't pay high cost for the simple learning. Do mistake in trading is not strange but once you do mistake, take it as a part of trading lessons. Don't repeat the same mistake or you will gain nothing.

Happy learning and happy trading!

Read more...
Related Posts with Thumbnails

About This Blog

To learn better Bursa Malaysia Stock Market & build up My Portfolio.

Current stock in my portfolio:
1) Hupseng
2) Glomac
3) Masteel
4) Supermax
5) Cocoland
6) Xinquan


Unit Trust Price

Followers

  © Blogger template On The Road by Ourblogtemplates.com 2009

Back to TOP