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.