Happy 2018 everyone!
As the new year comes around, the markets globally are looking strong.
We have moves to new highs on the US indices.
Asian indices are going up as well with the STI reaching 3500.
Is this an indication of a good year for global markets this year?
We had a pretty good trading year in 2017 with the markets generally trending higher.
If you’d like to see how we did in 2017, read this post here.
To find out how we did it,
We’re seeing a strong move higher to start the year.
STI reaches 3500 again today.
We have an exit at 1.32 when the candle turned red.
So that’s it for our Genting trip for the moment.
Good little trade with 2 entries!
Prices gapped down after xmas, price action not looking so good.
We will stop watching this setup for now.
On the other hand, Sembcorp Ind has shot up in line with the STI.
It seemed like the weaker of the two, but not anymore.
One thing to note, is that Sembcorp Ind is still inside a wide range.
So not a very ideal setup for now.
We are short at $1.91
Price has done a sharp move higher and today’s candle has turned blue, so beware.
Price did a little dip down to 2.24, just shy of the 2.22 level I was expecting.
Still waiting for setup to long.
If you would like to know how pick the best setups,
Good trading folks!