How to know when not to trade?

Look at where we are now and what we did to get here.

The market is running quite strongly again now, this comes after a long trend move higher.

Possibly getting little bit parabolic, so don’t look to open fresh long positions, instead manage and ride any current longs.

(Therefore removing China Aviation from the list here as we are not looking to open fresh long positions.)

Don’t try to pick market top also, so opening new short positions are not recommended either.

We have guidance from the TradersGPS system, and our users know how to interpret what the market is trying to tell us.

If you have been finding the information posted in the blog useful, then you should click here to find out more.

Now let’s take a look at the STI!

 

STI

We blasted through the 3100 level.

Looking for the 3150 level next and then the 3200.

Movement is getting parabolic so do pay more attention to your existing long positions.

STI blasts through 3100

STI blasts through 3100

 

GLP

Still waiting on them to announce their decision on the bids received.

GLP still waiting for decision announcement.

GLP still waiting for decision announcement.

 

Sembcorp Ind

Shot up because their sister company, Sembcorp Marine, had a much better than expected financial report.

A good strong 5% run into previous swing high.

It might go parabolic, so pay attention to it.

Follow system.

Sembcorp Ind did a great run beyond the previous high.

Sembcorp Ind did a great run beyond the previous high.

 

OCBC

Bouncing back from a worse than expected financial report.

If you’re still holding, follow system.

OCBC recovering losses from the worse than expected financial report

OCBC recovering losses from the worse than expected financial report

 

Japfa

Candles have just started turning red.

Follow system, be prepared to let go of this one.

Japfa not looking too good, get ready to let go of this one

Japfa not looking too good, get ready to let go of this one

 

MM2

Still hovering just above support.

Slow grinding trend.

Follow system.

MM2 still hovering here

MM2 still hovering here

 

Hong Leong Asia

Made a run up near the previous high.

Let’s follow system and see where it takes us.

HLA made a run back up to the recent high, more to come?

HLA made a run back up to the recent high, more to come?

 

Cogent

Struggling a little with these previous high.

As mentioned in a previous post, Cogent is near a resistance area

So naturally will find some difficulty here.

Cogent meeting some resistance

Cogent meeting some resistance

 

So that’s it folks, time to manage positions, not open new ones.

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