Entries by Spencer Li

Singapore Stocks: Sakari Resources – where is the next support?

This is the weekly chart of Sakari, and we can see that it has had 10 consecutive weeks of decline. This shows that it is obviously on a downtrend, although the possibility of a pullback is quite high seeing how extended the move is. That said, new lows are expected after the pullback, since the […]

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Singapore Stocks: Olam – initiate shorts

After a climatic plunge and a small 3-bar pullback, Olam broke to new lows on increased volume. This looks bearish, so I took a short position @1.720 with a stop @1.755. Let’s see how it fares tomorrow. If it takes out my stop, then it will enter a narrow range or have a larger pullback. […]

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Commodities: CRB Index – Bearish Swings

Source: http://www.facebook.com/groups/synapseforum/  This is the CRB Commodity Index, which I shared in the private mentoring forum on Monday to show that the Commodity sector is still on a downtrend. I hope no one tried to catch falling knives like Olam, Sakari etc. Sometimes, a dead cat bounce can look like the start of a new […]

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The Quest for the Holy Grail: Secrets, Gurus & Software

Another big danger to new traders is the idea of the holy grail of trading. To many, the holy grail of trading is deemed to be the ultimate solution to all their trading problems, the magic bullet that will allow them to profit without effort, the secret trading method or tool that will allow them to […]

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Forex: EUR/USD – downtrend day

Today, it was an easy day to trade, since the trend was clearly down, and there was an excellent SPZ entry at around 2230, where price tested the EMA and trendline. The EMA was tested again at around midnight, providing another chance to short. I think the rest of the day is likely to be […]

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