Muhamad Firdaus bin Majid, MSTA, CFTe is a licensed dealer’s representative for Retail Dealing in RHB Investment Bank Bhd for equities, futures and commodities trading. He advises clients on a daily basis using the necessary technical analysis tools from the simplest breakout strategies to a more complex mix of Bollinger Bands and Moving Averages strategy. He is an active speaker for technical analysis at investment seminars especially for retail investors. He is also a permanent trainer for the MSTA preparatory program held in Malaysia.
Muhamad Firdaus is now focused on spreading the knowledge of technical analysis to his other colleagues in the stock broking industry with the support from the Bumiputera Remisier’s Association of Malaysia. He is a Certified Financial Technician (CFTe) and also a Certified Technical Analysts with the UK STA (MSTA). He has also passed the Chartered Market Technician (CMT) Exam Level II and awaiting his Level III results this coming July. He holds two offices in non-governmental organisations namely the Malaysian Association of Technical Analysts (MATA) as Director of Research Division and the Bumiputera Remisier’s Association of Malaysia (PRIBUMI) as Education Committee.
The art of trading pullbacks requires us to buy on weakness and sell on strength. When markets are in up trends, buying a pullback will offer a low risk opportunity. Same as when the market is in down trend, shorting rallies will offer a low risk opportunity. The question in the mind of pullback traders is: how could one differentiate a healthy pullback and a sustained move in the market? In this presentation, I will explain how to use a multiple time frame approach to solve this problem. I will explain each indicator that I use and show back-testing result from the method.