Success In Trading

Success in trading is all about consistency and to achieve that we must follow the golden rules.

These are:

1 Only take the best opportunities.

2 Always minimize risk. Taking only low risk
opportunities is part of this.

3 Use good Money Management.

4 Have the discipline to follow these rules, especially the first one. It is all too easy to get over-confident and take anything you see. You soon lose your shirt that way. “Only the best is good enough for our trading!is a good motto to follow.
You can’t learn how to do it without doing it.

Thursday, June 26, 2008

X Trade

Monday, June 23, 2008

GERMAND30

Saturday, June 21, 2008

PotentialSG Market Trading List

Mercator - Resistance at 0.50, intra day trading, long at 0.505, target 0.515/52, cut loss 0.495.
CPL - Long if price open less than 6.08, and break above 6.08.
SAR.SG - Monday may insider bar pull back before further down trend, if not, intra day short if price break below 3.46.
Wilmar - Intra Short just break below 5.0 .

Wednesday, June 18, 2008

RS2000

FX Trade ( News )

Tuesday, June 17, 2008

Monday, June 16, 2008

FX Trade

FX Trade ( News )

Sunday, June 15, 2008

Kelly Criterion For Investors

In investment we often come to problems like this:Company A is currently researching 3 different new products. In an upcoming convention, we know that A might going to announce the launch of one of the new products. We can also estimate the impact of different outcomes on the stock price:Launching Product 1: 30% increase in stock price (ROI = 30%). Chance of happening: 20%.Launching Product 2: 10% increase in stock price (ROI = 10%). Chance of happening: 15%.Launching Product 3: 12% increase in stock price (ROI = 12%). Chance of happening: 25%.Failure to launch: 15% decrease in stock price (ROI = -15%). Chance of happening: 40%Now you have $100 dollars in your bankroll, how much would you invest in A's stock so that your bankroll can have maximum growth in the long term?The Kelly Criterion, solving similar problems in gambling, cannot be directly used because it assumes binary outcome. That means it limits the outcomes to be either WIN or LOSE.
Advance Stock Pattern Scanner -- Kelly Criterion For Investors
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Back to Basics -The RSI indicator; one of my favorites

Back to Basics -The RSI indicator; one of my favorites
Blogged with the Flock Browser

Friday, June 13, 2008

Potential SG Market Trading List

Noble Group (NGLS.SG) - Double Top, short if close below 2.15.
NOL.SG - Double Top, neckline 3.45 , short near to neckline, cut loss at 3.56.
YZJ.SG - Potential double Top , neckline 0.89.
SPC.SG - Long at 6.50, cut loss at 6.37, First Target 6.75.
FerroChina - Friday closed below 1.26, bearish, next support 1.19. Monday need to be a white candle for it to turn bullish, 50% probability.

T3B Screen List :

IndoAgri - Watchlish, narrow BB.
RafflesMed - Long at 1.36, Target 1.45, cut loss 1.33.
StraitsAsia - Short at 4.00, Target 3.75, cut loss at 4.07




.

FX Trade ( News )

Monday, June 9, 2008

RS2000

FX Trade

Friday, June 6, 2008

S&P Futures Index Key Numbers

Some historically important numbers on the S&P Futures Index

02

32

52

75

06

35

55

77

09

37

57–58

81

12

42

63–64

84

15

45

69

87

27

47

72

92

50

 

98

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Dow Futures Index Key Numbers

Historically key numbers on the Dow Futures Index

00

25

50

75

Expect the market to exert major support or resistance at the 50 and 00 levels and minor support or resistance at the 25 and 75 levels. For example, 10,400, 10,500 and 10,600 and 10,450, 10,550 and 10,650 are numbers that will exert major influence and 10,425 and 10,475, 10,525 and 10,575 will exert minor resistance or support.

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US Market Trade Zone

Trade zone one 9:00 A.M.–10:15 A.M.

Trade zone two 12:30 P.M.–1:15 P.M.

Trade zone three 2:15 P.M.–2:45 P.M.

That is not to say that I never trade outside these zones. If the market direction is very clear, I may enter the market at 8:45 A.M., but I very rarely enter between 10:15 A.M. and 12:30 P.M. or between 1:15 and 2:15 P.M. The waters are just too treacherous and I do not like throwing my money away. Also, if I am in the market at the end of a trade zone, I may hold my position, but, I keep a protective stop in place to prevent me from taking a beating if there is a sudden market shift.

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FX Trade ( News - Non Farm )

Thursday, June 5, 2008

Tuesday, June 3, 2008

Monday, June 2, 2008