One Good Trend, One Good Bar, One Good Volume - The Secret to Trading Successfully!
Phillip Capital's Top Tier Trader and Remisier.
Robin Ho is also a certified SGX Academy Professional Trainer.
Hang Seng Index - Too Crowded at the top! Something must give way! A correction is on the cards.
Could have seen its peak for the medium term after hitting a high of 33484. Could be heading to its immediate support at 31950 and 31550. A break below 31550 could see prices skidding towards 29250
All posts and charts are for educational and illustration purposes only
Last week, we celebrated the first batch of graduates for my Master the Markets (MTM) Professionl Trading Course. This round, we focused more on hands-on exercises with the Metastock Xenith Charting Platform. Over the two week period of the course, the class and I tracked a portfolio together, and experienced first hand how the prices moved according to the trade plans they created. Our next intake will be in April, see you there!
Graduates of MTM Course 2018 Batch 1
Testimonial by James:
"This is the second stock trading course that I have attended. I find it very useful. For the first time, I learned how to draw trend lines, and the course has helped me understand when to buy, and more importantly, when to sell. Now I can be my own analyst, and rely less on guessing. We could follow Robin's trades during the course, and he also does regular live trading, which gives us great confidence to emulate him in his trades."
Testimonial by Dewi:
"I have been trading Forex for quite some time, but I have always relied on my gut feelings. Robin showed us how to analyse the charts and create a trade plan.I hope after the course my life will be changed and I can make a lot of money from trading."
All posts and charts are for educational and illustration purposes only
One of my strategy for straddle trading and spotting 'alphas' among winners (the front runners ) is through the Rebasing Chart available in Metastock Xenith. To find out more watch this video: https://www.tradingkungfu.com/v/mtm-rebasingchart/
All posts and charts are for educational and illustration purposes only
Ying Li - After a relentless downtrend from 2013 to 2015 followed by a rangebound trading between 0,13 and 0.20 from 2015 to date, is the stock finally turning up? The share price jumped 15% or 0.024 to close at 0.178 following news of its proposed divestment of Ying Li International Commercial Centre to China Evergrande for Rmb3.29b. The company is expected to realise a disposal gain of Rmb 343m. Today the stock spiked up after a off market married deal of 153.4m shares changed hand at 0.135. Who took the block of shares? This suspense is adding to the bullish sentiment today , on the chart it looks like this stock is poised to test its next resistance at 0.194 followed by 0.21. A break above 0.21 should herald a start of a new uptrend for this stock with targets of 0.24 and 0.28. An estimated NTA at 0.40 also imply it is attractive at current price.
All posts and charts are for educational and illustration purposes only
Friday, January 19, 2018
Semcorp Marine - Old rumour of Sembawang Marine potential privitisation or divestment of Sembmarine by the Sembcorp Industry and Nomura upgrade to target 2.70 cause the share to race to 2.30 from 2.10. Like they say there is `No Fire Without Smoke", it could go further up to 2.38 and retrace to 2.23 , this will be a good level for an entry to ride this trend. This blog maintain a price target of 2.56 in the medium term.
All posts and charts are for educational and illustration purposes only
We are into the third day of Robin's Master the Markets (MTM) course. Glad that the students are enjoying the course and have benefited from. Check out the testimonials by Zavier and Daniel!
"This is only the second day of the course, and I have already learned many strategies which are applicable to the market. I plan to start trading after the course and I am confident I am going to make money this time!"
"This is the third day of the course about price action. In the course, I learned about the concept of price and the concept of volume. With these, i can put together a trade plan, which I can use to determine the entry point and exit point. It is really a life skill learned. I am looking forward to the rest of the course!"
All posts and charts are for educational and illustration purposes only
In this current super bullish environment where the bulls runs rampant and bears of any kind nearly wiped out, it's takes a brave bear to say the market is due for a correction. Looking at this tradeplan which has served this blog for the last 6 months with distinction. This blog can't help but say that STI is due for a correction in the near term. STI nearest support is at 3490, a break below this level will bring the index to 3465 ,3425 and 3395. The current bull market is undermined by the successful passage of the US reformed tax, synchronized global GDP growth, low inflation and a depressed USD. This week investor need to watch the PPI and CPI figures coming out of US on Thursday and Friday. Analyst is not expecting any increase in the figures but this blog believes that with the tight job market and the rally in commodity prices, it is only a matter of time inflation will surface to jolt the bull.
All posts and charts are for educational and illustration purposes only
