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!