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Malaysia

Navigating The Market : Simplifed = Friday/Monday relationshipThis is not a trading strategy nor claiming this concept happens 100% of the time, but this is a repetitive pattern and I personally believe it could help you to navigate the market (particularly if you are an intraday trader) more efficiently. I generally would see this in 1-Hour timeframe but for the sake of being able to show you with more examples in one post, I choose D1 timeframe for this post. When price breaks and close above Friday high on a Monday, more often than not, the price would eventually reverse downwards within 18-24 hours. Vice versa for a close below Friday low (on a Monday) Why I believe this phenomenon is real and tangible is because Friday or Monday normally a day where the Banks (NY session) attempt to clear their books. In order to do this, sometimes they need liquidity to offload their position, they would do stop hunts if there is a need to do so. Hence I've conceptualised this Friday/Monday relationship into my way of analyzing the intraday moves especially on a Mondays. By default, any breakout from the Friday high or low, I would consider it as a stop hunt/fake breakout. Of course, there be a week where a breakout from the Friday started a huge trend that lasts weeks, but that is an outlier. I do not care about outliers, as a trader I will try to profit from what is repetitive, and this concept is very repetitive. This is just one of three "day-to-day relationships" that I have conceptualised to make me reading the market a lot easier. The other two are Mon - Tue/Wed relationship,andTue/Wed to Thu/Fri relationships that I have conceptualised. Tell me what you all think,
Education
by sufiansaid
Navigating The Market : Simplified #AUD NZD 2nd Sept 19The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed, retail sentiment is looking for that reversal- believing the marked have priced in the RBNZ move. Never a good idea. I am bearish on the NZD due to the following three things : 1) I am (trying) a contrarian trader. I generally look to trade the other side of the general retail sentiment. NZD is heavily bid in retail, so I am keen to be the in the other side (this is too simplistic and binary, I know. This is not the only parameter that influences my bias) 2) Simply look at the chart, we are in an uptrend. Stick a long term moving average there (50MA, 60MA, 67MA, 82MA, 86MA etc etc), price is trading well above that. It is tempting to trade reversal after a long trend, picking tops (and bottoms if its in a bearish trend). I am somewhat a trend following trader, discretionary. At the moment, its not the optimal time to think of shorting AUDNZD. 3) The monthly range and weekly range was reached and exceeded. Now, usually, when this happens I would shift my short term bias to a reversal mode - as liquidity "dries out" and it would the time for the banks to take profit but I believe it was due to the fundamental factor (RBNZ cutting rates), so I will maintain my sentiment bias for now. 4)I believe there will be liquidity run this week between 1.0700 to 1.07300. Plenty of potential retail buy stops there, oceans of them. Liquidity Pools are like magnets. My plan, since I am bearish NZD, is to long AUDNZD when the usual stop hunts have been completed. I expect a stop hunt (another form of liquidity run) at 1.06500-1.06350 in the downside and then I will find a trigger to long AUDNZD. Alternatively, if the price goes up first and tap around 1.0700, I would have to assume its for trapping breakout traders and then they will take their stoploss out at 1.06500-1.06350 - in which by then, I will be looking to long AUDNZD from there. If price continues through without touching the liquidity pool coincided at theFriday low, then I will stay on the sidelines and re-adjust my plan.
Long
by sufiansaid
5
Gold in Ringgit (Malaysia)Few months ago, I was monitoring Gold price action versus several fiat currencies including Ringgit. I can see a bullish pattern emerging. I decided to dump most of my savings into Gold. It has been paying off. Ringgit is just an example of trouble in emerging market. Gold is better than cash. Continuation pattern after a long bull market from 2002 to 2013. However, majority of people will still holding cash, believing that their government will rescue them and help them. They don't understand that the problems worldwide are with the governments and central banks. All of them are same, corrupt and don't understand how financial market works. Big revolutions will happen. Unfortunately, Malaysia is not in good position. I already have a plan B and will move to another country if things get super ugly and bad.
TVC:GOLDLong
by UnknownUnicorn735418
AirAsia Bhd (5099)MYX:5099 Recently, AAGB has gap up due to the announcement of RM0.9 special dividend to shareholder. The Ex-date to entitle for that dividend is on 30-7-2019 which is still far away from today. Therefore, price fluctuation will be huge and no rush to enter yet to entitle for the dividend. Currently, sentiment around the world has been bearish especially with the US-China Trade War catalyst in play. Expecting further downside for the DJI and followed by the KLSE. In this AAGB chart, we could see that there's a potential bear flag forming after the substantial rise and followed by a HUGE DISTRIBUTION CANDLESTICK + HUGE SELL VOLUME! I am expecting a retest of around RM2.74 (Green Box) before a further upside to be seen. Let's see how it goes within this week. Cheers.
MYX:CAPITALAShort
by UnknownUnicorn1629946
KLSE: HengYuan; 4324Today, I want to talk about MYX:4324 According to the chart, we can see that there's small accumulation phrase after the big downtrend (with build up) signifies that the big boys are accumulation the shares. After the accumulation phrase, it broke out bullish and form a descending triangle and broke back down to the support of the accumulation phrase. This shows the basic textbook "resistance turns support" as the price comes back to retest the previous broke out resistance and jump from it. Will play close attention at this point and will see if the price holds or not. Will cut lost if the price broke below support @RM5.13
MYX:HENGYUANLong
by UnknownUnicorn1629946
1
FTSE Malaysia moves lower than expected.Although on the prior move, we knew that the KLCI will move lower to the support and trendline area which indicates the final wave (Z) correction and (e) in triangle. We were hoping that the price will bounce on these 2 support lines. It did for at least 2 weeks and moved 32.61 points above. As of now, I will stay neutral on Malaysia's economic, if price breaks the support level (red colour line) or breaks the trendline level (blue colour line), then I would say Malaysia's economic will not regain its bull momentum anytime soon. However if it happens otherwise and the index rises up to break the upper trendline, then we are expecting the economic to recover to a new level within 1 to 2 years. Regards, Ejaz
FTSEMYX:FBMKLCI
by AMianz
Malaysia - Still Waters Run DeepAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
Short
by EconomicsGlobal
Malaysia - Still Waters Run Deep EWMAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities (EWM) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
AMEX:EWMShort
by EconomicsGlobal
Malaysia - Still Waters Run DeepAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
INDEX:KLSEShort
by EconomicsGlobal
FBM Small Cap Index is the right way to look at Malaysia StockFBM Small Cap Index is one of the best index to track if you are following Malaysia stock market As it represent more stock compare to FBM KLCI therefore the accuracy will be higher Therefore we highly encourage traders to trade based Small Cap Index instead of KLCI as it provide more accuracy In the chart we can see that the index is having very good uptrend as it is forming higher high and higher low Hence we could try to accumulate good stocks on retracement with buy in signal such as hammer or bullish engulfing Try to take profit on selling signal such as shooting star or bearish engulfing.
FTSEMYX:FBMSCAP
by oneplus12
RCE CAP BHD (Bullish Still)View On RCE CAP BHD(25 Feb 2019) It is in a decent bull trend and it shall "easily" retouch 1.715 again. The other tgts are 1.775 and 1.855. So far, we do not see signs of bearishness just yet. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
MYX:RCECAPLong
by SonicDeejay
FKLI - Rebound From 3.5 Years Confluence ZoneIf you look at daily chart, FKLI did not move any lower than 1606 since 2015. Market trade in 150 range for 1 year before a rally started in Jan 2017 and brought market to 1900. The recent low 1655 become a new price level to monitor and further expand the zone by 50 points from 1606 to 1656 (as confluence zone highlighted in the chart). The market have tested the "confluence zone" 6 months ago and rebound. 2 days ago, price further tested 1647 and then rebound to today's high 1674. Here the current swing projection to manage your trades: If price trade above 1674, price target 1678. If price trade above 1678, price target 1698.5. If price trade above 1698.5, price target 1730 (Major resistance as highlighted in red arrow) Trader please be aware potential pull back from each target level.
MYX:FKLI1!Long
by Johnkiew