Bursa Maniac

Cup and handle , type this 3 words then google it found many of chart show to be cup and handle,I laugh and talk to myself why now cup and handle have became like that , did all those charts are cup and handle ? then go to investopedia

http://www.investopedia.com/university/charts/charts3.asp
It said :
The construct of the cup itself is also important: it should be a nicely rounded formation, similar to a semi-circle.
well that is the cup and handle I know to be.

I think this is a new chart pattern if you add the uptrend to the start of the cup and handle. Looks obscene though. I think we see what we want to see. For me to use an item as the pattern mush stick to the pattern not to abuse it , when we say this creature look like a dog but it totally didn't look like a dog can we use the term look like dog? That is what i always said force to become a pattern. A cup does not necessary look like a conventional cup shape or a ball not necessary to be round tongue emoticon .

 Price is the one most talked about. Volume is also something people do not talk in depth these days. Time, well its a more complicated thing. But you would have heard of it even in Wall Street articles - EW, Gann Analysis, Tick charts, these are all Time concept of the equation

Nope nothing about intelligence. The issue here is 2 folds
1. You have not see enough charts to feel where your settings of MA are.
2. There is a fixation that the price is to respect your MA setting, i.e. that is how you derive your support/resistance.

Well some people can read chart without MA just because he had been drawing his own charts for some time, you see the wonder of draw your own charts , in this world there will have no free lunch, read book or articles was just reading what people came across or the book creator copy and paste , when they interpreted the charts wrongly mean you get the massage wrong you learn the wrong knowledge.

Sure price action is the most important other tool are just a add-on, some pattern are just for easy remember of the price movement but some are just to showing the beauty of price movement can be from the artist , may I say was created by those guy who are not good at chart reading (price movement).

At Herman Magic Room after saw Neo Mui Kian system make me recall my 20 years ago uncompleted and give up project, they are still in my formula folder. Neo one is so much better than mine and had cut out all the noise, she had really put lot of effort in it but I just give up.
This system will never ever be use by me again for me this belong to her.

My friend Eelyn said : Hi I don't really understand much from this chart. I feel very confused n messed up with all the lines.. At Herman Magic Room .
Was "very confused n messed up with all the lines" make me gave up to construct this project.

A good system must be easy to understand and simple not confusing. After gave up about 20yrs now I see people construct this system. This show what was in my mind workable is just how efficient it is.

Well, everyone should make your own trading system with buy and sell signal which can backtest using software like metastock and also historical data. These data may come with 1min, 5min, 30min, 1 hours or even 1 day (EOD) interval. I always used 1 hours as the time frame for backtesting. Thus the best profit is your formula for future trading. You should 100 percent follow your system with involvement of emotion. The things you need to pay attention is the commission fee charged by your broker and the drawback at your system. It will turn your profit to lose.

Candlestick chart with volume in it, it was found about 20 yrs ago, Candlevolume chart do not need to have another row for display volume cos the candle itself have shown the day volume. candle volume is fill with fat and thin candles fat candle mean high volume thin candle mean low volume. Any software will supply you free and provide this function.

Time Cycle (TC) .Any price movement will have high and low ,if we can get the cycle point mean the % of gain will be high. This is a tool that need to practice to understand and know how. From this chart you able to see get some article about TC.


I learn to use TC(time cycle) never read from any book so nothing for me to tell you, in my life on learning TA I seldom read book , I dont believe on reading books cos many books was just one copy from another then change some and public it out to make money .Nelson learn from Japanese the candle stick then he wrote about candle stick, a western learn eastern art if he have wrong interpretation on candlestick who read his book about candlestick sure will pick up wrong idea , My candle stick not from Nelson too was from a Taiwan long before Nelson book is out. So my philosophy of learning TA was read to know then forget it . My aim of learn TA is to learn the skill try to understand the chart language to understand it try to tell . if a pattern really always dose it way that pattern we should know else what the use > if the pattern will mislead us what the use, pattern at chart not for the beauty of the chart , but for tell us what is going to be. So far from my point of view lot of pattern lover cant have strong feeling on price movement , as their time had spend on learn the pattern.

Yes look a nice H & S. this is also a W with longer right right? so will the south movement that low ?
Don't forget practical and theory are 2 different issue , theory no cash was involve so every one of us can talk big when go the battle field every dollar count result will not be the same, every one sure will agree this point, so let us learn together.  Since the technical analysis you use for equity market also works very well for currencies and precious metal. With leverage in FX, you can double up your return.


Just now talked to a gold merchant from India. The situation in India is not improving at all. The Indians used to "wash black money" by investing in physical gold and silver before the Indian government imposed a higher tax duty on gold import. Since higher tax duty on gold and silver was imposed, gold's bull market came to a rest. 

How long will it rest ? I guess is much longer as QE3 and QE4 also failed to move gold and silver higher. After busy for meeting and also solving my pc problem now then really have time to update my data. Now look at the gold found it had go above 1610 near it resistance of 1620 ,it next resistance should be around 1630 if keep go north around 3 more days should be it TC of high. If Gold can break $1,800 barrier by the end of this year, this 9-wave pattern will be forfeited.

Charts reading are all bout TIME, PRICE, LEFT, RIGHT, UP, DOWN and LENGTH
Up and down Left and right etc are all about numbers

A>B=6CM+C>D=5CM = D>E = 11CM
E>F=5CM = F>G=5CM
(H>I=5CM+J>K=2CM) = 7CM = K>L=7CM
L>N=N>M = 7CM

This is gold chart but not about gold only any chart will have this type of movement M just use Gold chart as a sample.
If breakout above the M it go north will be around min 5CM , if go below 1700 may go to N , if come to the worse below N will see 1686 again.

Very height and low can be calculated if added with the use of cycle finder sure can predict the future target price.

Today CADI show stronger buy signal than yesterday but today CADI had meet the auto resistance line so will this line block CADI to move up further ? CI look not as good as yesterday , any way this might be due to some index link counters have some profit taking .
Average share price of our share market now at 1.74 compare to it previous high of 1.76 mean our market still have place to move up.The auto had really block CADI to go North, some time I ask myself if I didn't have create this auto resistance indicator will the point move faster ?

 CADI shown buy signal again after 2 days of correction wish it able to break the auto resistance of 414.22.If CADI able to break mean CI will follow it step too, so mean CI will brake it high of 1670.16, if so at 1687.3 will have resistance , 2 more days to go CI may meet a very short term TC high then next 4 trading days will have a TC point too that should be a TC high if 2 trading days CI ddnt have strong push .

When Ci move up sure FKLI will follow too , at 1689 FKLI should have resistance follow by 1714

What you see is what you get


 Any thing is possible in price changing market, if we study from the historical data of gold can know that after a big shoot up will have A,B,C, cycle of high, the D cycle will be higher than C , so will this round change the rule of the game? A very different shape in between AB and BC + a uptrend always never have 3rd lower pt for all the financial index, especially look at the chart of DJI and others important indexes nowadays, give us a hint to its future trend.
I always dont buy the idea that when bank buy in GOLD or other metals will make the GOLD move up yet is only a small bank in this world Silver it is just follow the foot step of the Gold. China now also a world biggest importer of gold also wont make the gold price up, GOLD move go south again now 1661.25. I had thinking before now economy so bad when gold price move up will only make more people to sell their gold not to make people jump into gold .


MACD ? I don't like to use it cos it is always a step slower. MACD now about 17 it low was about 49 and it high was 64, so mean MACD at it 50/50. let look at my TAS it is so high now about 89 so there is more chance for the gold to go down.

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Sharp drop should have some rebound for temporary adjustment.  Play this type of counter timing is very important, use hit and run method and don/t be greedy. you can use this for paper trade to train your skill. 

I would like to share you the software I downloaded from www.metastock.com. Explorer it just a function in Metastock for the user to write the condition he need so as to pick up those counters which meet his condition. So is better you install a Matestock in your pc then you will know how the Explorer look like.

CYBERT I don't know about this company. just my explorer under sharp drop rebound pick it out , study the chart found it high was about 2.1 drop to about 32c, saw got chance of rebound buy had plan to sold it out at 37c .

When EU financial crisis settle down n no war in middle east ... Gold will fall.
Some how i agree, but my reason is they hold the price high so that they can liquidize it, after they have release the gold then they press it down. During this days I watch the gold market found that during our night time the gold move more active than day , so mean most of the time the western are play with it.

I take some time to compare US stock market vs GOLD found that gold will move fast and go high most of the time during US stock are weak. Surf into Forexpro web page study the GOLD intraday chart(10min), found that if gold keep move north at around 1674 will have some resistance, it just match to the reading from daily chart.

GOLD really that bad ? try to find it TC point found that another 2 more day should be it TC point don't tell me that gold will really touch 1588 ? If gold not able to hold firm above 1670 may turn south again. I am waiting for gold to break 1800 as it failed to break that level for twice (Nov 2011 & Feb 2012). Usually the third attempt will turn out to be successful (technical analysis - rectangle sideway pattern usually breaks out after the third touch).

When gold go south if able to hold above 1761 mean it still strong , go below 1747 beware .
May be use EW gold had complete A B C D E small wave, i had forgot how the wave count because I not use it for a long long time.  One more interesting thing is QE3 was launched above the monthly alligator support line.

Can you answer my question? Bullish or bearish now? Stock investment for dummies usually fail because they hard to determine trend. Know you trend and ride on uptrend before involve in market trading is a must.