Capitaland: Explosive Movement

Wanna talk about Capitaland, as I have been waiting to see if something is happening. I chanced upon looking at the chart and seeing some accumulation going on as somehow I had a gut feeling that something is amiss with the property sector. Indeed the BBs had pressed the button later and pushed the property sector price within one day (other property stocks like UOL and Kepland was rocketing too). Will this stock continue to move up further? I think it will but given the deep correction by the US market has dampened the momentum of Singapore stocks, it might just hover around until release of earnings by Capitaland but beware of tricks by the BB!

STATS ChipPAC: Taking Profit After a Long Wait

Profited from this stock STATS ChipPAC with a small profit. It was actually a stock meant for punting. I bought this stock at $0.465 in January 2014 seeing a breakout after it bounces twice from the low. It did move up but not much and came down again making a paper loss. As it was just a small punt, I left it there to run as there might be a second run. Indeed, after 6 months, something was brewing for this stock and later it shot up high. I unloaded at 0.635 after sensing the Big Boys have finished unloading their stocks. Shy of the high but it was a reasonable TP price for me to sell. Sold immediately and the next day came the trading halt and fall of price! A small profit of 36.6% for kopi.

United Engineers (UE): Whooping 26% profit!

Closed UE for a small 26% profit! However I admit I was late in the entry as I was distracted from work during the period of breakout. Though it might go higher later, closed for profit first as it has gone too far up and BBs are waiting to dump shares at 2.40 to buyers resulting in a reaction.

Noble Group: A Simple Fibonacci trade

A simple trade on Noble Group. Traded based on fibonacci which it rebounded on 38.2%. Entered the trade abit later cause of busy work schedule that I keep forgetting to place the trade. Let go at 1.30 as that seem to be the dumping point for BB. It went to a high of 1.31 closing on thursday before dropping to 1.28 today.

The Weekly Review

Seems like Dow Jones Index has reached a resistance. Prelude to a downward movement?

STI showing similar pattern.

Outlook on STI

What's the outlook of STI? Seems like a dead cat bounce. More bearish movement will be expected soon once it reaches its lower high.

Friday's Trades on News

Friday's Trading for forex was pretty profitable. My Italy40 trade failed to reach my target price and stopped out. It's been difficult to trade due to news as things are unpredictable and you have to be fast to look out for signs of reversal within minutes. Short sell yahoo! but it seems like its too bull, might be a mistake for me. But we will see how next week. Look forward to better trading next week!

Stocks Crash?

Dow Jones Index posted a 300 pts down on Friday night, is this the beginning of a crash?

Hang Seng looks to the south.

STI is very weak since last winter and continues to be bearish.

Two days of good profits

Had a string of losses before my profitable trades. At least to end the week with a positive as the profits covered most of my losses. Though alot of these trades I feel like kicking myself for taking profits too quick as most of them hit my big targets in the end. Trying to improve my win ratio.

Trading losses on Thursday due to consolidation.

Shorting the EUR

Happy to close another round of profits from EUR shorts in the morning. Stopped out from AUD/USD due to sudden reactions.

Good Profits

Closing some good profits on Friday night!

The Weekly Review

Dow Jones Index seems to be losing steam for its rally and has been very volatile.

Hang Seng also at a tipping point between a rebound for CNY or crash.

STI is weird, a slow crawl upwards?

The Weekly Review

First day of 2014, Dow Jones Index fell. Doesn't seem like an easy year to be bullish.

Hang Seng is quite stuck at the moment with no clear indication of a trend

STI blew a big bear candle on the 2nd day of trading. Singapore stocks are all very depressed compared with the bullish DOW during Christmas week.

Patience will reward

Stopped out for my trades. One of my best small trades stopped with profit. For forex of such small position size, it takes a great patience to ride the trend!

First day of Profits!

First small profits on the first day of trading day. I would say a very good day! Too bad could have had much more profits from EUR/AUD if I had closed it on New Year Eve. There is always gap risk when holding currencies over the holidays or weekends.