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Shorting Ezra
Reason: Failed Breakout
Entry: 1.07
RRR: at least 1:2
Cut Loss: prefer not to disclose.
Exit Raffles MG - entry was 2.37, exit 2.41 ... Market seems to prefer selling than buying. Better safe than sorry.
chartreader ( Date: 21-Aug-2012 11:45) Posted:
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ok thks...gd luck :)
| chartreader Member | Posted: 26-Aug-2012 20:42 |
 x 0  x 0 | Bro Ted, in my opinion there will be nothing new in Jackson Hole. I think we will hear the same thing Ben has been saying about QE3, which is they will do QE3 if needed. Though the economic data may have not shown vast improvement, but it wasn't showing that the economy was in overly bad shape either. As for chart, at the moment it seems market is setting up for a sell-off. However knowing how unpredictable market, I will go long upon a failed breakdown pattern and will go short upon confirmation of breakdown. I'm still in wait and see at the moment, but getting myself ready for action when opportunity arise. |
Bro Ted, in my opinion there will be nothing new in Jackson Hole. I think we will hear the same thing Ben has been saying about QE3, which is they will do QE3 if needed. Though the economic data may have not shown vast improvement, but it wasn't showing that the economy was in overly bad shape either.
As for chart, at the moment it seems market is setting up for a sell-off. However knowing how unpredictable market, I will go long upon a failed breakdown pattern and will go short upon confirmation of breakdown. I'm still in wait and see at the moment, but getting myself ready for action when opportunity arise.
nice graph.....totally agree as im 1 of those waitg for jackson hole...what u expect thereafter?
| chartreader Member | Posted: 26-Aug-2012 18:21 |
| x 0 x 0 | STI - Beware of Distributions http://chartreader88.blogspot.sg/ |
Raising Cash
Exiting my Golden Agri trade with small loss. Raising cash and staying in the sideline for the time being until next direction is clearer.
http://chartreader88.blogspot.sg/2012/08/raising-cash.html
Exited Yanlord earlier today at 1.23, entry at 1.185.
Taking off some profit from the table ... Sell my BAC at USD 8.35 ... Entry price 7.53
Swing trade idea for 21 Aug 2012 - Raffles Medical Group. Trade was planned on 20 Aug, executed 21 Aug.
http://chartreader88.blogspot.sg/2012/08/raffles-medical-group.html
An interesting fact i see on the OANDA chart, EUR/USD was at all time low in the week 16Mar 2003 at $1.0525 and high at 13Jul 2008 $1.6038, diffeence of 5500 pips. Now EUR/USD around $1.2350 and EUR doesnt have a perm solution to its debt crisis except temp solution of printing money, buying bonds etc... wont be surprise if it glides towards that low...We arent very far from the 6-year low of $1.1876 (6Jun 2010)...
Actually, i started on FOREX about 2 months ago only, with live account. I think the EUR/USD is on a long term downtrend and any bounce is only temporary. Currently seem to be side movement around $1.2042 (low)-$1.2737(high) for Jun, Jul and Aug, almost 700pips in 3 months, very volatile in FOREX. Shorting it at $1.2400 region and grab a few pips for profit may be good at that region, but long term holding may be damgerous as this pair is very volatile...
sengsk ( Date: 21-Aug-2012 14:27) Posted:
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Thanks for the suggestion. For my portfolio, both long term & speculative, I prefer to stick with what I'm familiar with for now and slowly incorporate new strategy after I'm comfortable with the risks. No experience into commodities so far.
sengsk ( Date: 21-Aug-2012 14:13) Posted:
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My suggestion to buy Soybean at Int given as ~21% PA
Nice chart too, should break be breaking up soon.
Beside, may aim for silver as well.
Just my personal view only.
There is some money market fund that has similar ideas, by leveraging on higher interest rate in AUD. I will study it to see if I can incorporate this into my portfolio. Thanks bro.
TradeChancellor ( Date: 21-Aug-2012 14:01) Posted:
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One of my ideas to beat inflation is to work on the carry trades in FOREX. I dont know if its workable. For now, AUS interest rate is 3.5% and US 0.5%. If we buy AUD/USD, we earn 3% interest a year (3.5-0.5=3). If we wait till AUD/USD drop to about $0.9650 which is the 2 year low and pick up some AUD/USD, we could earn the 3% interest (provided Aussie doesnt reduce their rates further) per year and meanwhile wait for the AUD/USD to rise ....
I didn't set any target, but I have set a number of exit conditions:
- False breakout
- Time Stop triggered
- Stop Loss triggered
- Hitting Resistance (tbd, don't know yet at the moment)
Sgshares ( Date: 21-Aug-2012 11:08) Posted:
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What's your target price? vested
chartreader ( Date: 21-Aug-2012 09:46) Posted:
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After forming a double bottom yesterday, China SSE composite index continues it's recovery and is up 0.65% as of 10:11
SSE 2,120.65
13.70(0.65%)chartreader ( Date: 21-Aug-2012 08:16) Posted:
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