Good to see u again after 4-5 days not writing my blog. No excuse for not writing but I'm still reading a book that i think maybe the best solution to win in KLSE.
I'm still not happy with my performance for last few years until now. I can predict which counters may going up and somebody said that it is correct for 7 out of 10 suggested counters. Thanks fren. I'm looking at fundamental and TA, I'm happy but I still need absolute win in stock market. I need absolute profit this time. This book is good for u if u are looking for absolute winning. For time being, let me finish reading first, I will cover this next time.
Let me revised a counter for u to consider. So, this is the counters...
YINSON
2 Feb 2012
21 Feb 2012
Today 19 Mac 2012
There is no point for u to buy now when I see doji on top. Wait for the price to drop first.
For tonite, let see this...
NAGAMAS
Chart Orientation
White long candlestick above 20 ma support, try to break upper bollinger band.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic at 25%
4) MACD histogram green and MACD line above 0.
My View
If u see target price is not much profit gain, but nobody really know how high price can go. Looking at stochastic at 25%, u can judge yourself.
MAGNA
Chart Orientation
Strong foothold at 82.5 sen, white long candlestick rebound from that, nearly cross 20 ma. Enter price as per chart.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic at 23%
4) MACD histogram green and MACD line below 0.
2) momentum up
3) stochastic at 23%
4) MACD histogram green and MACD line below 0.
My View
Calculate your risk and reward. U can put your stop loss at 84.5 sen or choose 82 sen as per chart. Both look ok since the value is to small.
Last But Not List (But now u have the list)
1. Know what u want, Know who u are, not who u think u should be. Self awareness gives u the power to pursue what really feeds your soul and the belief that u deserve it.
2. Know the cost of getting what u want. Realise the trade-offs of every choice. People often think if they are clever they can make choices without experiencing any downside. Any road u choose means there is a road u won't experience.3. Be willing to pay the cost. People often try to negotiate to win a choice without cost. Every choice involves a price; we get to decide what cost we want to pay.
- Michael W. Covel
With that, good nite and ......
Happy Trading!!!
hi ben,
ReplyDeletei was just wondering. so for most of your strategies of yours, u use enter after it cross the 20 day moving average.
Do you do that all the time? would u still use 20MA as enter point even though the stock price has not been touching (bouncing off) from 20 day MA?
so your intuition behind buying after it cross the market is because the stock need 'strength' to pass through the 20MA resistance?
Thanks!
Hi Mr Q,
ReplyDeleteGood morning. Entering price not only depend on 20ma. I'm using 4 indicators, BBand, chart pattern, candlestick psttern to timing my entry. Other than that, i have trump card of 2 of moving averages and 3 of moving averages which tell me when to enter. Other than that, another indicator that i can't disclosed to u. This indicator give early warning for me. For 20ma, if the price to near, why not u wait until price cross resistance then u feel save to enter. Resistance need volume to cross, low volume will definitely fail to cross the resistance. My title today nothing to do with what I write about entering price, target price, chart pattern, candlestick pattern, BBand, ma, indicators and so on. It is about how the absolute winner constantly make money during up and down market (stock, forex, futures, index). U may be interested with 1 name, JWH. Search Google and u will find 1. Tq.
Hi Ben,
ReplyDeleteWould you share with me the mentioned book that you are reading now?
Hi Ethan,
ReplyDeleteI will tell later. tq