Profit on EUR/USD

Entered on breakout when my short was taken out. Super rally and exited on one of the resistance point. Good profit!

Profit from Gold

Shorted gold from a resistance and took profit before news. Very profitable trade!

The Weekly Review

Dow Jones have a big comeback after a few drops. Can it continue to rally?

Yet Hang Seng has not seen a rally.

STI is bouncing off a low.

The Weekly Review

The Dow Jones Index fell from its high for the past few days. Now waiting to see if it breaks!

Hang Seng as volatile with no clear direction.

Is the STI trying to find a bottom?

Yangzijiang trying to find a support. But maybe more downside to come.

Capitaland has been very weird and interesting for the past few months. Shall accumulate every low.

The Weekly Review

US Stocks

Has it reached the top? Or more rally to go?

Hong Kong Stocks

Hang Seng has broken out. But it's move is still not clear.

Singapore Stocks

STI still in a limbo.

Profit on AUDUSD

Took profit in AUDUSD in one of my best prolonged trade! Still maintaining some shorts.

The Weekly Review

US Stocks

Dow Jones is still stubbornly pushing up prices.

Hong Kong Stocks

Hang Seng broke out and in a consolidation

Singapore Stocks

Singapore stocks are hanging for dear life.

The Weekly Review

EURUSD seems to be stubborn and bounce while AUDUSD might look to go up for awhile.

US Stocks

Dow Jones has broken up from its consolidation and seems to be pushing higher.

Hongkong Stocks

Hang Seng Index is in another consolidation. Might go into bull if it breaks up.

Singapore Stocks

STI seems to be recovering and getting ready to rally.

Profits from GBPUSD

Some good profits that I had for the week. When one have grasped the price action, with good entry and some luck in trades going in your direction, one can reap profits. What I learnt in my experience now is that timing is important in trading, once you missed the good entry, it will affect much of your profits when it moves against you.

Profit on AUDUSD

Took profit on AUDUSD after a good short!

Profit from USDJPY

Taken profit of 157.3 Pips from USDJPY after the news when prices started to reverse back after hitting a resistance.

The Weekly Review

EURUSD continued its fall this week.

USDJPY is set to go on a strong rally.

US Stocks

Dow Jones Index became volatile these two days as it either sets to fall or breakout.

Hong Kong Stocks

Hang Seng Index still in a consolidation phase.

Singapore Stocks

STI broke down from its consolidation.

The Weekly Review

EURUSD pushed out a rally this week while the rest of the USD crosses falters. AUD was especially weak in this week. So will there be a change of trend back to bearish for AUD?

US Stocks

The Dow Jones Index continues with its uptrend.

Apple is heading higher.

Hong Kong Stocks

While the Hang Seng failed to break up and tumbles down.

Singapore Stocks

The STI is waiting....for a big sell?

Cordlife is one of the stocks that has risen so much. Has it become overvalued?

Why Setting Stop Losses Can Save You

Stop loss in a trade is very important as it will help you to minimize losses when the market moves against you. When trading always put a stop loss as sometimes market may make a very fast and furious turn against you. An example was one of my trades that turned against me while I was not actively looking at the market.

In this trade, I had a short in GBPUSD with a very good entry. I was expecting a breakout from the consolidation but it never happen and market moved against me while I was away from the market in the day. The stop loss saved my trade from bigger losses as it went further up. What happens if one never put stop loss on a trade? Heavy losses of course! Hence the lesson every starting trader is to have stop loss! Never have a trade without stop loss!

The Weekly Review: Up?

The USD pairs all went up after news from the US side. AUDUSD continues its strong state. USDJPY seems weak and still stuck in a consolidation.

EURJPY is cautiously moving higher.

US Stocks

As mentioned previously, Dow Jones Index is in a big consolidation.

Hong Kong Stocks

Watch for Hang Seng Index and China Index (Not SG China stocks). I'm seeing a potential bull coming up.

Singapore Stocks

STI is playing cautious. But a potential bull in the making?

Profit on USDCHF

Took profit on USDCHF. Entered on a bullish outlook on USD vs CHF. This trade took a few days to reach profit target as it consolidates for many days. But this shows that being patient, having a good strategy and with a little luck gives a good profit!

Demo Trading: Why You Should Always Demo Trade

You just created a new trading account or you were trading live already but things are not looking well for your account. Hence what is the reason you were failing? Was it due to emotion or lack of experience or bad trading strategy? One way to look back is to demo trade.

Demo Trading

Demo trading allows one to get used to the broker's platform and also allows you to train and hone in your trading skills as it carries no risk of losing your real money. I recommend new traders to demo trade for a period of time before starting your real trades. Once you can start making consistent profits on demo trading, you can shift to the real trades. Do take note that entering the real battlefield of trading after your demo trade is totally different as you are trading real money and most likely you will be subjected to your emotion. So do not assume that once you are consistent on demo, you will start making big money on your real trades.

Demo With Live Trading

Another way of trading for those who are already trading live and still refining their strategy is to demo trade while you trade your live trades. That means have your demo trades mirror your live trades vice versa. In this way you can somehow manage your emotions better and also see how well your strategy is working. With demo trading, you can also test the limit of your trades in a scenario of "what will happen if" even after you closed your live trades. With demo trading, you can also test your judgement on the market before you enter a live trade especially in consolidation situation.

Having A Trading Journal

Use a journal to track your trades so you can see your performance. One of the difficulty I have is being able to track my trades after closing as some broker does not give you much data to backtrack. Hence I found Myfxbook. It connects to your trading account and tracks your wins/losses and gives you many statistical data which allows you to reflect on your trading performance. It supports some of the popular brokers like Oanda and it is not a hassle to set it up.

Conclusion

Demo trading is a very useful tool in your trading journey and I do have to really recommend demo trading to all, newbies to learning traders as it will help you to grow well. Experienced traders can use it to try new strategies or to tweak their existing strategy without risk.

The Weekly Review: Strong Rebound!

EURUSD turned into a weakness and now in the middle consolidation. Aussie is strong in here as there seemed to be more room to go. USDJPY bouncing back in the consolidation. Will it break up?

While EURUSD is weak, EURJPY is strong. In fact all JPY crosses are strong with the exception of GBPJPY. Biggest winners were EURJPY and AUDJPY.

US Stocks

The Dow Jones Index staged a strong rebound after the Fed Minutes. While you were worrying about the US shutdown and dumping your stocks, the big boys were constantly buying up. Hence the result of a strong rebound!

Apple in a consolidation. 

Hong Kong Stocks

Hang Seng Index is now in a consolidation range. China's trade balance is just up with worse than expected results of 15.2B instead of forecast of 25.2B. So how will the market will turn up? Down?

Singapore Stocks

Straits Times Index had a strong rebound also. Friday was a down day as people took their profits.

Noble Group had a breakout after a consolidation. The big boys started buying already at the consolidation phase at around 0.80 and if you spotted their buying you are now in big profit!

Wilmar in a certain consolidation also. Look out for it.

Gold

Gold continues to slide. How low will it slide? Good to be short Gold. Just beware of sharp stop hunt by insidious big boys.