Entries by Spencer Li

Currency updates – USD/JPY & EUR/SGD

On this weekly chart of USD/JPY, we can see that the USD has not touched the 20-EMA in quite a while, and has also bounced off the bottom of the channel. Since there is still much bearish pressure, there is a good chance that it will try to test the old lows of 82.85. USD […]

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Commodities on the rise – Indofood and Noble | Technical Analysis | Singapore Stocks

Currently, I am long on indofood, and you can see from the chart that it is in a nice uptrend channel with quite some space to its next level of resistance at 2.58. Olam recently exhibited a similar pattern. Noble seems to be the laggard in the commodities sector, but it has found decent support, […]

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How to Think Like a Trader by Changing your Frame

If we look at the collective participation in the markets, we find many different kinds of people, different kinds of beliefs, and different kinds of theories. These differences create price movements and patterns. To understand and exploit these opportunities, we first need to understand ourselves. We will then be able to choose the kind of strategy […]

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The Psychology of the Stoploss – Why is it so Hard to cut Losses?

Many new to trading have the tendency to liquidate positions that show a small profit, yet they keep those positions that show a loss as are unwilling to take a loss, in hope that prices will rebound. Such a counter-intuitive strategy will result in small wins and large losses, but why do people still do it? […]

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Parkway – Bull Flag in uptrend channel | Technical Analysis | Singapore Stocks

Just came back from Prague, and it’s one of my favourite towns. Before I left, I tightened my stops for my shorts on Yanlord, and although it got hit at 1.64, my initial entry of 1.73 still yielded a satisfactory trade. Currently, with the uncertainty on the outcome of the Euro crisis, most markets are […]

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