Trading Strategy

1. Draw a trend line: daily chart to determine the trend whether is uptrend or downtrend (Draw from bottom to bottom or vice verse) and also a horizontal line to watch out a breakout(This strategy like reflexivity from George Soros).
2. Please do remember to lock your PROFIT before you get lose. Always follow the rule & discipline.
3. Money management is the most important for double or triple up your profit.
4. Don't get lost emotion while you in losing or winning. Must always remember where are you and what should you do in this situation. Let the profit keep running or cut lost.

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Tuesday, June 24, 2008

KLCI - 08

Technical really hard to explain within 1 day. We need time and keep train ourself believe to market.

Ok. Here the explanation for KLCI - 2008 technical



1. Look at KLCI first.
We can see that KLCI adi having MacD crossover and is on the downtrend.
KLCI is a summary of index for Malaysia country and not easy to make a fake value, unless you really a "big big" fund to control all the stocks.

2. Look at other Sub-indexes in KLCI.






All stocks's MaCD already crossover and now just waiting our plantation stock.
Now our CI most depend to plantation stock. If crude oil also fall down, what will happen? Plantation still going up?
I think won't and this time our CI wont support at 1200 level anymore and this time to go more deeper as we can calculate base from fibonacci retracement.

Could CI kiss 950?

Now we just can wait and see how powerful fibonacci in stock market. Is it really can predict the bottom?
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