Technical Analysis
Trading Log:Cut SembCorp and Rotary
When you see the macro picture and the index volume is high and that the “qin kuang bu miao”, get your most risky trades out of the way first.
I have 4 trading position so i closed this 2 which is the most risky first.
SembCorp Industries
I got into this trade the day before watching Avatar (farking [...]
Bob Prechter:All the way down!
It would seem elliot wave expert Bob Prechter have warn a month ago that we should start selling.How important is it to listen to him?
He was accurate with the top in 2007
He was accurate with the bottom in March
Will it be third time lucky?
What happens now could hardly be worse, according to EWFF. It [...]
Trend Watch:A healthy correction or an important inflexion point?
The big news this week was a Volcker Rule and how it would affect Wallstreet:
FOR MONTHS, former Federal Reserve chairman Paul Volcker has been advocating a far-reaching repair plan for Wall Street: to re-draw the line between commercial and investment banking. Since the repeal of the New Deal-era Glass-Steagall Act in 2000 [...]
A MarketClub video drawing the same conclusion as me
I written a fair bit in my pass Trend Watch series about how the 50% Fibonacci acts as a strong long term resistance.
Here in this video at MarketClub they seem to be coming to the same conclusion:
[Dow Tough Resistance Ahead>>]
Trading Log:Ascendas REIT Review
Another week another miser trade. Based on probability of risk vs return this turn out to be a good trade.
I have got nothing bad about the identification of the buy signal or the exit. It met my target. Its a low return and i should be working on a fatter channel. REITs nowadays don’t move [...]
Trend Watch:Weekly update 8 Nov ‘09 $EEM $GDX $SPY
This week we have the response to a correction and to put things simply, we got some relieve upward move where we might be in for an important move next week.
SPY Weekly
It would seem that we are holding a support drawn from the through of the last 2 correction. Base on price movement, we should [...]
Trading Log:Straits Asia Trade Review
Sometimes you can rant about why there aren’t systematic trading stops on the SGX. These nifty perks enables u to get out with how much you want to lose. but in the case of my straits asia trade, you really hate it when u violated your stop loss.
its a good lesson to me that trading [...]
Trend Watch:Weekly Review 01 Nov ‘09
We finally see some big correction this past week. However, i fear that this could amount to something bigger. I have been commenting for the past 2 Trend Watch posts that the negative divergence and the ascending wedge pattern should eventually see more downside. The higher it climbs the bigger the downside.
EEM Weekly
On the emerging [...]
Trend Watch:Weekly Outlook not looking too good $USO $SPY
Good sunday to all. When it comes to the weekly charts, we haven’t get a clear signal yet.
Yes trading short term could be good for you or me, but with large amount of money to deploy alot of question is in what right now. The outlook on the 5 years chart still isn’t clear and [...]
Genius Prediction:Dollar to halve vs Yen.Chui??
Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says
Oct. 15 (Bloomberg) — The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.
“The U.S. economy will deteriorate [...]
