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Bursa Malaysia KLCI IndexBursa Malaysia KLCI IndexBursa Malaysia KLCI Index

Bursa Malaysia KLCI Index

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KLSE trade ideas

Alternate Bat harmonic patternWhat is the Alternate Bat harmonic pattern? The alternate bat pattern is a variation of the Gartley pattern. Scott Carney developed it in 2003. It is popular for incorporating the 1.13XA retracement as the defining element in the Potential Reversal Zone (PRZ). The alternate bat harmonic pattern is one of the most precise trading patterns that works exceptionally great in the relative strength index (RSI) BAMM set up. How to identify the Alternate Bat harmonic pattern? The alternate bat is a unique trading pattern that involves certain precise measurements. Those measures are crucial in order to identify the alternate bat. A pattern must meet the following conditions to be an alternate bat pattern: The first important factor is the B point retracement that must be 0.382 retracements or it must be less of the XA leg. The alternate bat only utilizes 2.0 BC projections or greater than that. The AB = CD pattern within the alternate bat pattern always extends requiring a 1.618 AB = CD calculations. Generally, the best structures use 50% retracement at the midpoint.
FTSEMYX:FBMKLCIEducation
by manjoiboyz
Butterfly patternHow to trade when you see the Butterfly harmonic pattern? Before trading the butterfly harmonic pattern, confirm from the following checklist that the pattern is real. It should have the following vital elements: AB= an ideal target of 78.6 percent of XA leg BC= minimum 38.2 percent and maximum 88.6 percent Fibonacci retracement of AB leg CD= Is a target between 1.618 to 2.618 percent Fibonacci extension of AB leg between 1.272 to 1.618 of XA leg Entry point Determine the place where the pattern will complete at point D – this will be at the 127 percent extension of the X-A leg. Stop-loss Put a stop-loss just below the 161.8 percent Fibonacci extension of the X-A leg. Take profit target The location for placing a take-profit target with this pattern is very subjective and depends on your trading goals as well as the conditions of the market. To have an aggressive profit target, put it at point A of the pattern. For a more conservative profit target, put it at point B. Trading a bearish butterfly harmonic pattern Place the sell order at point D (a 127 percent extension of the XA leg). Position the stop-loss right above an extension of 161.8 percent of the XA leg. And place the profit target at A for an aggressive move at B for a defensive move. Trading a bullish butterfly harmonic pattern Determine the end of the pattern at point D, which is an extension of 127 percent of the XA leg. You need to put a buy order at this point. Now, below a Fibonacci extension of 161.8 percent of the XA leg, a stop-loss can be placed. Placing a profit target depends on both market conditions and your trading goals.
FTSEMYX:FBMKLCIEducation
by manjoiboyz
When will the KLCI downtrend end?- the announcement of the extension of FMCO caused KLCI to drop further on Mon (28-May-2021) - the new stimulus package only gave a temporary relief, KLCI is still dropping below the Bollinger Band - regardless of your targets for the KLCI, note that it's hard to swim against the tide, especially so when the downward trend is this strong - sure, there are pockets of opportunity for you to make money here and there, but it seems to be more speculative / operator-driven than any FA / TA will show you - for now I am moving my funds to the US markets, a rising tide lifts all boats after all
FTSEMYX:FBMKLCIShort
by AsmuiAS
2 Types of Chart Pattern2 Types of Chart Pattern are Continuation Pattern and Reversal Pattern as show in the chart. Continuation Pattern 1. Symmetrical Triangle 2. Triangle Reversal Pattern 1. Ending Diagonal 2. Expanding Diagonal (Broadening) 3. Channel For best practices, draw channel and then adjust the 2nd line to confirm either triangle or diagonal. Example Up trend : Market Up Trend, draw channel (Bullish / Up trend) by starting draw support trendline as 1st line. For 2nd line, draw resistance trendline as channel. Adjust 2nd line to become triangle or diagonal if applicable. Example Down trend : Market Down Trend, draw channel (Bearish / Down trend) by starting draw support trendline as 1st line. For 2nd line, draw resistance trendline as channel. Adjust 2nd line to become triangle or diagonal if applicable. Sebagai latihan yang baik, lukis Channel terlebih dahulu kemudian ubah garis kedua untuk dapatkan garis sama ada triangle atau diagonal. Contoh Up Trend : Market Up Trend, lukis channel (Bullish / Up trend) dengan melukis support trendline as garis nombor 1. Untuk garis nombor 2, lukis resistance trendline sebagai channel. Ubah garis nombor 2 untuk jadi triangle atau diagonal jika sesuai. Contoh Down Trend : Market Down Trend, lukis channel (Bearish / Down trend) dengan melukis resistance trendline as garis nombor 1. Untuk garis nombor 2, lukis support trendline sebagai channel. Ubah garis nombor 2 untuk jadi triangle atau diagonal jika sesuai.
INDEX:KLSEEducation
by RozaniGhani-RG
2
Malaysian MCO 3.0 effect.Due to Malaysia have decide to run back a total lock down, only some economy areas are open to support sustain the economy. But the inflation and other demands are insisting the economy to fall back in the bearish trend. Luckily the Malaysian government have make an exit recovery plan, and perhaps all it will work soon.. or the economy impact will be in the bad shape. When the economy in the bad shape, the recovery will be hard and more difficult to rise back. In the 6 month ahead is the critical economy pull back, And the government must stick to all the plans that have been made to bring back the economy in the psychological area. There still have supports down, but it will be a hard to bounce back when already below the market price. All the stock market will also impact hard during this session, buying a stock this year is not really worth. All the best for all Malaysian, and investors.. Be safe, stay at home..
INDEX:KLSELong
by SL-Trades
Symmetrical Triangle for Bursa KLCI! Bull or Bear?14th June 2021 The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome. The KLCI weekly chart, it showing a Symmetrical Triangle . Pray hard to coming Wednesday something positive after the Agong's meeting, most likely the KLCI index would challenge Resistance 1,600 point. But if negative, Index could break Symmetrical Triangle support and go hovering at 1,540-1,550 points.
FTSEMYX:FBMKLCI
by TaylerLoh
Fly like a butterfly KLCIHello there, happy eid-alfitr to my muslim friends. Its been a while since my last post. This is my 2cents for KLCI. 1. Butterfly pattern which indicates the probability of reversal at the price area 1800 2. In addition, the trend for KLCI in a longer term timeframe we can say still heading towards uptrend and might be waiting to see the direction to be changed. 3. Support level at 1452, once broken we wont be using this pattern anymore. Conclusion from this pattern is, we are optimistic that KLCI will be doing reversal at the price area and probably to retrace at 1588.... worst case for a correction at 1422. Well, dont ask me like "bila nak naik" and sort kind of question cause no one ever know what will happen tomorrow. Lets manage your trading plan well aite ? The idea is only for educational purposes and not giving any suggestion for you. And please do trade at your own risk
FTSEMYX:FBMKLCI
by zhafrihandsome
Traditional|FBMKLCI|Long and shortLong and short FBMKLCI Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
FTSEMYX:FBMKLCI
by Henry_Ross
18