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Today, we gave an exclusive seminar to the members of TRT (Traders Round Table), where we focused more on trading psychology since the audience consisted of mostly experienced traders. We also had time to go through some candlestick patterns from a psychological perspective, and some examples to illustrate the limitations of candlesticks in price action trading.
Due to time contraints (the talk stretched over 2.5 hrs) , we did not have much time to discuss the markets, but below is a snippet of the Singapore markets.
Ascending triangle spotted on the Straits Times Index. Is it going to be “sell in May and go away”, or a breakout to new highs? Let’s keep a close watch on that key level, and watch for a major pivot which could start the new big move.
Thanks for the support, and stay tuned for our future seminars!
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