It is trading Malaysian stocks with the blindfolds on. You might catch something. Most days, you won’t. It is at that point where Trading View comes in. You only need to open a chart of Bursa Malaysia and you are able to see structure. Price swings. Gaps. Volume spikes. It’s all there. Clean interface. Quick loading. None of the lights of the circus flashing on your screen. Type the tickers, say CIMB, IHH or TENAGA and the field of battle is shown. Buyers on one side. Sellers on the other. You’re the observer. Select what army you wish to support then. Looking to level up your charting game? Discover the Best TradingView plan for Malaysians and trade with confidence.
You must default on what type of candlestick you use. Each candle is a little novel. A green fat cattle is an aggressive buyer. A long upper wick is an indicator of the rejection. The fact that the body is small indicates indecision. Arrange some of these, and patterns are taken. Feed and water your bread and butter. Trace across horizontal where the price has been flat. These are more respected by Malaysian stocks than people think. Add volume below. When it breaks out on high volume then it is conviction. In case of sleepy volume, a move may die. Many traders like the swing setups that are favourite in the daily chart. The intraday traders are further reduced to 15-minute or 5-minute. Choose based on the personality and not the hype.
There are no wards, just signing devices. Keep them minimal. The combination of 20 EMA and 50 EMA is fine to identify the direction of trends. Price riding above both? Momentum leans bullish. Below both? The pressure is exerted on the negative side. RSI helps spot exhaustion. Above 70 the temperature will indicate overheating. A reading with a value below 30 could be the signal that there is a bounce on sight. But don’t marry indicators. They lag behind price. Price is the boss. Use replay mode to practice. Scroll back to last year. Press play. Be decision makers as money is at stake. It will not take long to recognize your bad habits. Overtrading. Entering too early. Holding losers too long. The figure becomes your mirror.
Alerts are underrated. Position price alerts on the higher end of resistance or the lower end of support. Make the system monitor the market even when you are away at work or having a rest. Your phone is buzzing and it is time to act. That’s efficiency. Establish trendlines to establish momentum. Also, with price over a long-term trend that has been high volume, pay attention. Bursa counters have hard running and shallow breakouts. And do not go after an ice cream truck like a child goes. Wait for confirmation. Protect your capital. Minor losses include tuition fees. The enormous losses are self-inflicted injuries.
The TradingView social feed is visually lively. The Malaysian traders communicate ideas daily through the charts. Some calls are sharp. Others miss the mark by a mile. Read them with a filter. Don’t copy trades blindly. Individuals are different in terms of risk tolerance. Swallowing a 15 percent swing can be done by a trader. Another loses sleep over 3%. Know your comfort zone. Fancy indicators are less significant than a size of the position. Risk something in all business. Cut losses without ego. Ride with the trend when you are a winner. Your charts in the long term become prettier. Your entries feel calmer. Trading is no longer gambling but is action calculated. The platform offers you the canvas. The outcome is imagined by your chastity.