Xmas season trading!
Honestly not the best time of the year to be trading, thin markets, short weeks.
And the distraction of what presents to buy for loved ones of course.
Are you all still trading?
Time to take a break!
I will just highlight some interesting setups along the way, but will not be trading till next year.
Collin also advises us to stay out of the market till next year.
Continues to fall. Now testing a level which seems significant, you can see it has held as support and resistance multiple times in the past.
So we can expect a reaction around this 2900 level again.
If that breaks, we will probably see some support for the STI coming in around 2850.
Just highlighting this as an interesting setup to observe.
It broke previous swing lows, 1.275, so we’ve made a lower high and lower low. Indications of trend change.
Came back to retest the level and seems to be falling off with the first valid arrow.
It was dropping while STI was heading higher.
It’s still hovering in this area, follow the system, patience.
Uptrend is still intact, although STI is falling off, OCBC is still managing to hold this area.
Still hovering around, follow system, patience.
Watch out of we cross $0.905, otherwise follow system, patience.
Testing that $10 area again, follow system, patience.
A lot of patience required for xmas season trading, markets not expected to make any significant moves during this period.
As long as you have your stoplosses in place, just check in once in a while during this holiday period.
When you’re enjoying the holiday season, you won’t notice time pass at all!
Good trading folks!