YTL power (up)? and?..30/August/23YTL power have been surging up for more than 100% since last post on 8/Oct/22 @ 0.686 (before bonus split). No more slow and steady? or Zzzzz?
Xyz3dtrading
Gold. for your reading pleasure. 29/August/23Trading is a "Very tough journey" which every trader must go through min 5 years basic degree university..( BUT only < 5% will get passed) After 15 years of trading. You will not need any indicators BUT just to "drawing few lines on chart BUT not as drawing any lines like you like as a kids"...A New Trader's Journey to Success by FX Articles ( from forex factory )..<10 years of trading...>>>......The six stages of a developing trader are looked at below...Stage Two: The Rookie Trader : -In this stage you have lost enough money to realize what you are doing is completely wrong. In other words, you start to realize that you don't know. You will then devour every trading book available. You will study and purchase Technical Analysis of Stock Trends by Edwards and Magee believing price patterns are the Holy Grail. You will memorize every technical pattern known to man. You will read about the ADX, moving averages, Fibonacci lines, pivot points, MACD, Bollinger Bands, channels, etc.......Step Six : The Expert Trader : - In this final stage, you completely understand the markets you are trading. Being involved in it everyday you are aware of every key price level. You understand market concept and are able to predict the direction of the markets a fairly good amount of time. You pat yourself on your back and take profits as soon as you feel euphoric. You do this because you understand euphoria is the same as emotional trading. You talk to other traders and realize the development stage they are in. People start asking you for trading advice, you publish a book, and you have a specific trading methodology that represents you!
Taking trades come naturally and you are able to get in and out at the precise price levels based on tape. Instead of having the markets take your stop out, you exit when you know you are wrong. You keep your head high but remain humble on the inside. You have now officially graduated the school of the hard knocks.
Entering the trading profession can be a tough journey for many people. Trading is one of the toughest careers that you can choose. If you enjoy the challenge, you will definitely enjoy the feeling of accomplishment. Trading is 30% mechanical and 170% psychological. 200% is required to become a successful trader. Good luck and best of trading.
Apple Offer its "New" Phone with >20% discount? 19/August/23Apple probably give us rare change to have its "new" phone with more than 20% discount with "unprecedented" rare chance to have its phone "appreciate" more than 40%...
KLCI probably "priced in" Pre-Election on 12/August/23KLCI on last "pull back" since 2014 down trend. What "Big Plan" after 12 August 2023 State Election?! KLCI currently at wave (c) (red) of expanding flat pattern (a)(b)(c)(red) = After completing wave (c). Price will down to 1300 +/-.
SP500 probably "peaked". Powe(r)ll "shocked/Shorted" on 26/7/23?After reviewing SPX smaller time frame chart and referring back to the "bigger pic". SPX probably at its top "temporarily". P/s. There are many gurus/ textbook written "documented" that E.G : "Market is unpredictable";' Never try to predict the market".. BUT but.. not just Option / Future trading instruments but many others instruments "are designed" for "Big Boy" who has "edge" over retail traders to "Speculating/ Anticipating" Next Market Moves.. E.g Warrent Buffet "Getting his stock's portfoilio "discounted" by "speculating" option..
Last but not least, As many said : No one can predict the long term trend. e.g Monthly, Weekly or even daily market ..See money "in short term e.g 5 min , hourly chart" take money first is their "Trading's motto". BUT tell you what. If we can't tell what the longer chart next moves, we will "failed more" in short term chart, it's like "zooming" into our face's skin.. Silky "SMOOTH" from far But "Lot of cracking" Much more "chaostic" "surface once zoom into 1min, 5min etc "skin face"!!! So trade lesser in higher time frame chart is "Making lesser losing trade with better risk/reward Setup!
DXY. Dedollarisation = king have his “crown” pulled off? 19/4/23The King of cash. The US dollar waiting for his “prime time” to..?! “who” And “when” will be “the new king” will have the new “crown”...probably the E...
SP500 is it not yet “bottomed”?! I don’t have answer! 23/Dec/22.SP500. is it bottomed or not yet bottomed? I don’t know. I only know where is my stop lost level..Asked And find answer from Mr. Market. They said treat trading like doing business = maybe in Money management might be correct but not all. E.g ..Don’t never ever try “ not compromised/manipulating” with your client / supplier as you did with Mr. Market. You always got to “succumb “cut Lost” /compromised” to Mr. Market as he is always “right”..So don’t think “ you are the boss” when you are dealing with Mr. Market...AND be honest with ourselves. no shortcut/ no hanky panky trying outsmart with your client/suppliers/ which is Mr. Market..
Topglove still high probability < 0.80. 20/May/23Topglove have been trending down for > 2 years. It will take some time to build ( a strong base/foundation) = which is a (a)(b)(c)(d)(e) (Red) Triangle before a big “rally”..
Gold. Why < 1800? 25/March/23.Gold Is still building its “big base” where it will take few years before >3000. And 1795 -/+ is the “centre” of its “base”. So..so gold price probably will be “mingling around” 1795 +/- for 1-/+ year.
Dollar’s Dedollarisation is working “smoothly”. 12/May/23.The Ying and Yang = everything “up” will be “down” eventually. Many economists said no any country could “replace” US’s bonds BUT chart pattern/ cycle = the law of universe told us different “scripts/ stories “..And US is trying hard to “write/ amend “ his own “script”...
CPO crude palm oil updated. 7/Mar/22Both “oils” Brent and palm take caution! Beware of the palm tree can’t “grow much” as it’s almost hitting “ceiling height”! “Possible a “bull trap”!
Maybank's RM8.00 +/- is very very strong support! 22/May/23Maybank stocks investment probably "can make us sleep better after holding it if compare to others stock".. it's Good timing for "accumulation" @ 8.00 +/-. While "still many like "Money Gxxxs" .. Maybank give u Average 6% dividend + potential of share gain of 50%! in 1,2 years. ( 8.00 to 12). It's too good to be true right!? But not "Money Gxxxs" ?! Right?!
BJFood. Starbucks not selling like hotcake after MCO? 21/May/23BerjayaFood's stock price probably trending toward 0.155 +/- to complete wave (E) of triangle. Why? expenses > earning after opening "More StarBucks outlets"?....
CIMB probably trending down to 3.10 +/-. 21/May/23 CIMB probably start trending down completing wave E ( Red Circled ) of triangle...where it will probably completing its long term "base/foundation" for next level of CIMB's "High-rise Building"..
Gold’s 1980 +/- is strong support (temporary). 17/May/23.Gold checking from internal wave structure..gold just reached wave b ( green circled ) of expanding flat pattern in wave c ( yellow) of triangle pattern ( transparent red).
INARI probably found its “base” @ 1.50 +/-. 17/May/23.INARI is trending down to long term cycle 13 ( Bold Green) toward 1.50 +/-. @ wave C ( Red Circled) Which is the last leg of complex double three running flat pattern ABC ( Red Circled) in wave II ( green).
DNEX is forming running flat ABC (Red Circled). 15/May/23DNEX is forming a running flat ABC ( Red Circled) where it will find its major support @ 0.20 +/-.
Hartalega is forming contracting triangle. 15/May/23.Hartalega’s “the worst” is over. As it “start making profit “....But “bumper to bumper” road still ahead. P/s...For this it incurred a one-off impairment expense of RM347mil in 4Q of FY23 – dragging the company into the red for the full year with net loss of RM218.04mil, as compared to a net profit of RM3.23bil in FY22.
SP500. Sell it (on May) & (go away?). 12/May/23.When I was small
And Christmas trees were tall
We used to laugh while others used to play
Don't ask me why
But time has passed us by
Someone else moved in from far away
Now we are tall
And Christmas trees are small
And you don't ask the time of day
But you and I
Our love will never die
To kiss and cry, "Come, first of May"...
Gold. Initial stage of triangle forming. 11/May/23We were taught AND “instilled” that “trend is our friend” never trade against the trend. But “trend” only exists 20-30% in market. Why not learn and mastering the art of trading in sideway/ranging market 70-80% of time?
Gold. Short toward 1980 +/-. 10/May/23.Gold’s 1980+/- is confluence of 1) Order Block / Demand Zone 2) 4Hours 233 ema.( white).
Gold. Why short @ 2050+/-, SL @ 2060? 7/May/23.Gold start trending down to 1790 +/- for wave e (green) ( not shown on chart) with ( out of proportion ) expanding ABC ( Red circle).= as many Elliott wave Practitioners may question its validity.
Gold Mr. Market give us 40 bucks to “play” “yo-yo” games. 6/5/23Mr. Gold giving us (2050 - 2010) = 40 bucks to earn from the yo-yo games ( buy and sell )..
