Straits Times Index – How I Predicted the Breakout

Join our Telegram channel (50,000+ subscribers) for daily market analysis & trading tips:

On Monday night (around 4am on Tuesday), while I was doing some income trades on the forex markets, I took quick look at the STI Index and saw that the BBs were starting to load up on longs, based on the analysis of their behavior. This allowed me to predict the breakout with confidence, and it occurred a few days later, taking the STI to a new high.

One of my new students who took the trade following my call has PM me that he has already made back his course fees, but what’s important is that he now has more confidence in taking trades when he sees the setups. As they say, success builds confidence, and confidence builds success. Since it’s a cycle, one cannot become a good trader without having the courage to place a trade, because this is something one must do to really believe and trust the results.

For those who attended my talk on Wednesday, it was a great session and we had the chance to try out market timing using a trade simulation exercise which I picked up from one of the proprietary funds training. I have posted the photo of our market consensus, and most of us are holding the green (bullish) cards. Of course, I saved the best for last and showed those present during the talk my STI chart and how I saw the breakout coming.


Screen Capture1

Sti 250413 D1

2013 04 24 20.22.19

TMP Banner Our flagship mentoring program is suitable for both beginners and advanced traders, covering the 4 strategies which I used over the past 15 years to build up my 7-figure personal trading portfolio.

Infographic Trading Signals If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!

Looking For A Brokerage 2 Thumbnail If you're looking for a reputable brokerage that covers all products (SG stocks, US stocks, global stocks, bonds, ETFs, REITs, forex, futures, crypto) and has one of the lowest commissions, this is what I currently use.
3 replies

Trackbacks & Pingbacks

  1. […] Straits Times Index – How I Predicted the Breakout Forex Trading | GBP/USD: Timing the Turn for 228 pips Scroll to top var cfflinkhashtags = "true"; (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; js = d.createElement(s); = id; js.src = ''; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); (function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='234d69ff910ec13071f4f4fb51ab52a0782665d3a3b1d8633c830171080b872d';j.dataset.sumoPlatform='wordpress';v.parentNode.insertBefore(j,v)})(window,document,'script','//'); var ajaxurl = ""; function sumo_add_woocommerce_coupon(code) {, { action: 'sumo_add_woocommerce_coupon', code: code, }); } function sumo_remove_woocommerce_coupon(code) {, { action: 'sumo_remove_woocommerce_coupon', code: code, }); } function sumo_get_woocommerce_cart_subtotal(callback) { jQuery.ajax({ method: 'POST', url: ajaxurl, dataType: 'html', data: { action: 'sumo_get_woocommerce_cart_subtotal', }, success: function(subtotal) { return callback(null, subtotal); }, error: function(err) { return callback(err, 0); } }); } var avia_framework_globals = avia_framework_globals || {}; avia_framework_globals.frameworkUrl = ''; avia_framework_globals.installedAt = ''; avia_framework_globals.ajaxurl = ''; window.WPCOM_sharing_counts = {"":11701}; Send to Email Address […]

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *