STI – Ranging Near Key 3000 Level


The Straits Times Index has spent the last 2 weeks trickling downwards to test the 3,000 level after its previous breakout, and is now hovering around that level. Since the US markets are also hovering their key levels, we will most likely be waiting for their cue. To trade this range, I would buy near the green line and sell near the red line. In the mean time, trading is slow and the daily range is extremely small, hence I will be focusing on other markets for the time being. This is why it is important to have a playbook of various setups that enable you to trade different markets under different market scenarios.

Get Started: Trading Foundation Workshop

Get instant access to this exclusive 2-hour online video tutorial series -
If you are new to trading or are struggling to get consistent results, this workshop will show you how any trader can make consistent & stress-free monthly profits on any market (stocks, forex, crypto, etc) with just 15 minutes a day.

Spencer Li is a trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

1 reply

Trackbacks & Pingbacks

  1. […] my previous post here, the market has surged up to the red line on the back of QE3. Now, the time has come to take a step […]

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply