A typical range play by big players, due to market inertia and predicted behavior. This change of power creates a high probability short trade which I am queueing for.
Want to learn the secret recipe for an awesome Mojito?
Last night, I had an incredible (at least from what I recall) night, with free flow of food and drinks on the house at Fullerton Bay Hotel Lantern Room. With a bunch of my awesome friends, we ordered almost every item on the menu, from the tender steak to the truffles fries, not forgetting the exquisite mini-burgers and finger-licking chicken wings. oh yar, and the mouth-watering pizzas. I’m pretty sure we chalked up an astronomical bill. xD
The highlight of this closed-door event was the DIY Mojito station, where an experienced bartender shared with us his “70-year” secret of making Mojitos. I’ll let the photos do the talking.
Step 1: Add lime juice & 3 tablespoons of sugar
Step 2: Add in the mint leaves (and stalks) and crush them
Step 3: Fill the cup with ice, and pour in about 1/3 alcohol (Havana Club)
Step 4: Fill up with Soda Water and mix well
Step 5: Drink up, and repeat steps 1 to 5 till drunk
Fireworks!!!
Live Band by the pool
Once again, a big thanks to the organisers and sponsors for this awesome surreal night!
Let’s do this again soon!
Special mention:
“Created in 1975 in France, Pernod Ricard has rapidly expanded over the past decade, through both organic growth and acquisitions. The Group is now the world co-leader of the Wine & Spirits industry.” http://pernod-ricard.com/21/home
This bunny looks tired. After all the recent excitement and good trading, it is time for me to take a well-deserved break and count my profits, taking the chance to catch up with my friends.
We went to catch the Phantom of the Opera, unfortunately we did not manage to get the Class A seats. It was a great classic, although I preferred Les Miserables which I watched in London some time back.
I will be looking forward to more great trades tomorrow, and I will be sharing more trades to expedite our progress and help all new traders multiply their accounts and hit their first milestone of 100k asap.
P.S. We have a new surprise coming up soon. I will be unveiling more when the time is ripe. Till then, let’s continue to reap from the markets!
Just a week back, we were studying the naked charts of the STI, and waiting for the perfect time to enter the market. I made my decisions after studying the behavior of the charts, and shared this calls in several forums.
Every day, as we practice more, our skills gets sharper and sharper, and once again this is another of our small victories for pin-point accuracy in our market timing.
Currently, we are holding onto our long positions in DBS and OCBC, which we posted here a while back. https://synapsetrading.com/banking-stocks-bought-dbs-ocbc/
While this might seem impossible to many, this technique actually took me many years of study to develop, and if you are keen to decipher this mystery and see for yourself how this is done, you can join us tonight for a free informal sharing session. http://www.eventbrite.sg/event/7201996365
Last week, I did some range trading for this pair, fading the resistance zone near the top of the range. I was in the money not long after, however I got stopped out by a strong price spike later in the day. Much later, the price came back down again, but by that time I was already out of the market.
On hindsight, it might seem stupid having a stoploss, but in reality, it is crucial to long-term trading success. This means that such small losses are a necessary price to pay for long-term profitability. Only those who truly understand the true nature of trading will be able to comprehend the necessity for losses.
Hence, new traders should not be too bothered about taking a loss, as long as you have done your due diligence, and traded according to your plan. Even a good trading system cannot possibly have a 100% hitrate, so losses are surely inevitable.
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