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Market has gone up for the last few days. And with Straits Times and Hang Seng near resistance, I will be watching closely on its price action on what it will do there. Other than that, I am just having fun scalping EUR/USD awaiting the seasonal winds.

If you had not shorted today, with Dow Jones currently at -203, there is a very high chance it will gap down tomorrow. Do take note that at 5:00pm today, Dow Jones futures is only less than -100, which means bears attacked stronger than expected. I will also be looking to take my profits off […]

No wonder my antenna has been twitching as per highlighted in YouTube. Yes, the Capitaland entry is still valid, but SembCorp entry is a lot higher (hence more profits) as price went higher previously. Apologies if I woke up late this morning unable to alert exactly, but guess everyone should have known about the situation […]

Dow still not able to close above 13,000. Tonight is non farm payroll. Tonight could be the night, either the bull charge or retreat. HSI is flirting at resistance. Therefore watch your position very carefully. Draw a support and resistance line. Break above is long, break below is short (although I don’t quite like to […]

Apologies for not posting much lately as have been very busy doing lots of stuff… (note that there will be no webinar tomorrow and CandleAlert release is temporary re-scheduled). With so many deadlines being missed including wanting to launch my very good product for traders in this website, it is really frustrating, but then, you […]

With Greece decision has yet to be made, there will be a lot of rumors flying around here and there. Which means market is going to have a lot of whipsaw until perhaps tonight. Even if the decision has been made, the whipsaw should still continue for a while as market will have to judge […]

Even though market is still overbought (but less over bought as compared to last week), it still refuses to have a confirmation to go lower. There is 2 places to enter long position if you still want to long: wait for profit take to be over and that’s where buy low strategy to be applied, […]

My apologies for not looking at the market a lot closer and have not been updating much this week. Last Monday my dad found a lump and we spend the full Tuesday going for a check-up. This morning (Sunday), the report came back and it was inconclusive. Next follow-up checkup would be in 1 week’s […]