STOCKWATCH

CLICK ON CHART FOR ENLARGED VIEW.

TENAGA Retreated from 6.00 Resistance level on 27th October.

TENAGA was stopped by resistance at 6.00 today.  Will this resistance hold or will Tenaga continue upwards tomorrow?

EXTRACT FROM ROBERT MINER'S BOOK HIGH PROBABILITY TRADING STRATEGIES.

YOU CAN'T BUY SUCCESS

Sometimes I'm almost ashamed to be associated with the business of educating traders

and developing trading software because the business is rife with outright scarnmers

making promises and insinuating you can quickly and easily learn to get dch fast trading.

You've seen the ads: Learn the "secrets" of Wall Street or the professional traders, and

make a killing. You've seen the chafts in ads with the little buy and sell arrows where

every trade is a big proflt; or the ads that claim hundreds ofpercent return if only you

follow their system or subscribe to their advisory report; or the trading software (usually

very expensive) that will supposedly give you the buy and sell signals for consistently

profltable results. If you subscribe to any trading publication or surf some of the trading

sites on the Web, I know vou've seen a lot of these outlandish promises. You've probabl"v

taken the bait on a few of them and spent a lot of money with little or no results. You're

not the only one. I've been a sucker myself, especially in the early years. I guess it's part of

the learning process we all go through when we're learning something new and actuall-v

think there are some secrets we can quickly learn to put us on the road to riches.

Beware of any promoter making unrealistic claims. It's just common sense, which

unfortunately our fear and greed drives out of our consciousness now and then. There

are a lot of good trading educators. Some have been around for years and have a lot

of experience trading and teaching traders. The legitimate trading educators never make

unrealistic claims. In fact, I don't believe I've ever seen an ad or promotion by a legitimate

trading educator that make a results-based claim. They know the best they can do is

teach you whatever they have become good at. How and if you apply the knowledge is

up to you.

The more knowledge and experience you gain, the quicker you will be able to discem

what should be legitimate and useful information as opposed to having your chain pulled,

LOOKBACK AT 12TH OCTOBER BREAKOUT PRICES.

THIS IS A GOOD STRATEGY.  NO BREAKOUT NO ENTRY.

BREAKOUT PRICES FOR 24TH OCTOBER

BREAKOUT LEVELS FOR WEEK ENDING 28th OCTOBER 2011

BREAKOUT LEVELS FOR WEEK ENDING 28th OCTOBER 2011

STOCK	CLOSE	BREAKOUT PRICE
BIMB	2.020	2.080
BORNOIL	0.350	0.355
KURASIA	0.480	0.508
L&G	0.340	0.343
MEDIA	2.410	2.443
OSK	1.740	1.813
PERISAI	0.595	0.622
PCHEM	6.010	6.087
RAMUNIA	0.385	0.402
TM	4.200	4.277
TRC	0.630	0.648
UEMLAND	1.940	2.017
YTL	1.490	1.530

BREAKOUT PRICE FOR 21ST OCT 2011

BREAKOUT          Ticker Symbol

0.1767   ASUPREM

10.08     GENTING

1.57        HAPSENG

0.2883   HARVEST

0.4183   HWGB

0.0967   HUBLINE

0.0533   INGENS

1.3533   KNM

0.7167   KUB

0.3433   L&G

0.9983   LEADER

1.67        MBSB

1.9433   MRCB

0.6283   MALTON

0.0983   MLAB

1.8133   OSK

0.6217   PERISAI

6.0867   PCHEM

0.1467   PJI

0.3433   REDTONE

0.1083   SCN

8.7933   SIME

3.8867   SPSETIA

0.1233   SYSTECH

0.2433   TANCO

4.2767   TM

0.0883   TMS

0.59        TIMECOM

0.6483   TRC

2.0167   UEMLAND

1.53        YTL

1.2233   YTLLAND

1.9          YTLPOWR

0.34        ZELAN

STOCK PICKS BY ECMLIBRA

Just attended an investment talk by ECMLIBRA and these are the four stocks favoured:

Trading Stocks include:  MAS,  TENAGA,  TIMECOM  AND  WTK.

STOCK WATCH FOR 17TH

KLSE COMPOSITE INDEX & SPOTMONTH

DAY TRADING GUERILLA HIT AND RUN

13TH OCTOBER 2011

11TH AND 12TH LISTS

DAY TRADING GUERILLA HIT AND RUN

Let's see if these will prove accurate tomorrow.  If breakout and bought, divide into two units and sell the first unit at a small profit and use the second unit to cover retracement (loss) or if price continue to go up,  let it ride.

NEW DAY TRADING STRATEGY

THE ABOVE CHARTS' BREAKOUT PRICE WERE CALCULATED LAST NIGHT 11TH OCTOBER.  IT APPEARS THIS STRATEGY IS ACCURATE AND PROFITABLE. 

SPOTMONTH AND KLCI 11TH OCTOBER

MBSB Resistance and Support levels held today.

MBSB could move between the 1.62 and 1.49 up sloping trendlines.

MBSB

Still trying to break out of yesterday's high.

KLCI AND SPOTMONTH

CLICK ON CHART FOR ENLARGED VIEW.

A LOOK AT SOME GAINERS 10TH OCTOBER

LET'S SEE TOMORROW IF THESE CAN BREAK OUT OR RETRACE DOWN.

CLICK ON CHART FOR AN ENLARGED VIEW.

FKLI SPOTMONTH

KLSE COMPOSITE INDEX

THIS IS THE KLSE COMPOSITE INDEX AND NOT THE  FUTURES INDEX.
THE STUDIES DONE IS STILL VALID.

SAMPLE STUDY CHARTS FOR TREND FOLLOWERS TRADING GROUP

STOCKS TO MONITOR

AFFIN

AIRPORT

DIALOG

GLOMAC

HEXAGON

IOICORP

KEURO

KINSTEL

KKB

LANDMRK

LIONCOR

LIONDIV

OCTAGON

OLYMPIA

PROTON

TIMECOM

WTK

TREND FOLLOWING - The essence of successful trading strategies.

How are we able to make money by following trends  year  in and year out?  I think it’s because markets react to news, but ultimately major change takes place over  time.  Trends develop because there’s an accumulating consensus on future prices, consequently there’s an evolution to the “believed true price value” over time.  Since investors are human and they make mistakes they’re never  100%  sure their vision and whether or not their view is correct.  So price adjustments take time as they fluctuate and a new consensus is formed in the face of changing market conditions and new facts.  For some changes this consensus is easy to reach, but there are other events that take time to formulate a market view.  It’s those events that take time that form the basis of our profits.   -  John W. Henry  from the book “Trend Following” by Michael W. Covel.

STOCKS TO WATCH

STOCKS TO WATCH

Trend not very strong.  Market still bearish so may just be a small rebound before continueing south.

SPOTMONTH 071011

FBMKLCI INDEX SPOTMONTH