Secrets of Highly Profitable Traders

hint hint:  This is hot of the press. Grab a copy in your nearest book store .

Today US senate approves the debt deal but the S&P 500 almost 33points, so it is the time to panic?

The answer is we don’t know but we will know very soon. You see the S&P is very near to support at 1250. This support was establish in Mar and Jun 2011. If the S&P is going  be support at this we may see S&P continue to move sideway between 1250 and 1350.

On the other hand, if the S&P drop below 1250 then we may see , S&P  dropping to next support 1220.

The commission is the same as you walk into Phillip Securities and request to open without a remisier.

You do not need to pay any admin fee . In fact , the initial deposit of $1000 is also waived.

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So contact me if you are interested to find out more

I have been spending little time on Metastock recently due to other priorities like building my remisier team. So this Christmas ,I went on overdrive on Metastock.

One of the things I did was to design a trading system which is popular in Singapore.It is call the peak and trough system. It look similar to a Darvas box so I decide to tweak Darvas box code .

On top of just giving the indicators,I also program the expert advisor which will give you the arrow when to buy and sell.It also highligh the candlestick blue when it break out of the box. When it is time to take profit it will show a red exit signal and also the candlestick will turn red.

Below are a few example of my work .

Just a update on the STI.

Today OCBC Gap Up, Open at 8.68.

My posted yesterday of OCBC trigger buy on 8.57 and Cut Loss 8.52.

The other trading strategy when stock gap up, you should sell half to take some profit. Then you turn your chart in 5 mins to monitor it until 30 mins. Once 30 mins passed, and stock keep turning down, you should sell the other half and get out of trading.

In this case, if your triggered 8.57, you sell half on 8.68 and next 30 mins you sell 8.64. That’s how you are making profit in the volatile market.

Looking at the weekly chart of STI .Interestingly , I notice that the STI as touch the 200 week MA and start to pull back. So far, looking at the daily chart , the STI has broken the downtrend line . This is my signal to lock in my profit which I also sms to my clients on last thurs to consider.

 However, I will not go short as most of the MA in daily charts are still sloping up.I am consider instead to buy on dip if there is any reversal candlestick when STI dip to 2500 or 2400.At 2500 it is when the minor support and 100 MA is.

Flag pattern for mapletree logistic , Volume is not big enough yet but day has not ended yet.

If flag pattern is confirm , may see more upside.