Singapore Wyckoff & Volume Spread Analysis

Interesting case of the EURUSD Woah..takes such a long time to load these pictures.. Anyway, screenshot below are open positions of Saxo on its open positions and open orders. Maybe some clues had been signaled for a EURUSD long before the thing eventually unfold. Shall monitor these tools more often!

Entry @ 1.019. SL @ 1.026 TP@1.005

From BMT, courtesy from user :  TennisOrDie    Last week I had the best trading week of my life. I finally dug myself out of the hole I created and was positive for the year.  Guess what happened this week? Lost. It. All. Did I lose it because my system failed me? No I lost it all because I was overconfident and careless. I thought I knew what I was doing now. I thought I could just go on cruise control and let the money print itself. Wrong, wrong, wrong. There are a million different systems and most of them will generate a profit depending on the trader. It's not the system that makes a difference, it's the piece of meat in between your ears that's going to make a difference. Your mind is the cause and solution to all your problems. The more I trade the more I realize the importance of psychology in trading. This is a game of who can make the most money and KEEP IT. Yes you'll lose money sometimes because your system was wrong. But most times you'll lose money b...

Still have both position in play. Almost got stopped out for AUDSGD. As for SGDCHF, gonna play the range and tp @ around 0.7030. Hopefully I will be able to re-enter at better price! took partial on SGDCHF..

Had a price alert for AUDSGD @ 1.002. After the China PMI data realease, AUDSGD plunge and broke parity. If you look at minutes chart, you will first see a rebound from parity before plunging further. After the rebound from parity, i thought this is the time to entered and entered @ 1.0020. Very bad prices as i had close to a 50 pips draw down. Scary shit.. Not gonna do this kind of scalping anymore. Hopefully I will come out unharmed.

SL and TP as highlighted

Shorted Kiwi @ 0.8560. Wish me good luck. SL @ 8620. Going for 0.850. with the H4 trend but nzdcad is super bullish if u lookg at weekly..cautious Got SL. While NZD cuts rate..NZD went so much higher...

Long setup ...retrace to 1.2960 is a sure long!

Another stock that has been recently added into MSCI small cap index is IRC Ltd. I am very interested in IRC from the technical aspect. As for the fundamental, iron ore has been rather strong in the last 1-2month or so. I do particularly like the higher volume in the iron ore chart.Chart is from a china iron futures platform As for IRC, its weekly chart also showed similar kind of rebound In the weekly chart of IRC, there could be chances of potential rebound as well... Of course, with 1029 being added into the index...which is the main reason.

-Below is a chart of Easyknit Enterprieses. This stock recently announced a rights subscriptions recently which led to the low during April. Rights was oversubscribed with 3%. Since then, 616.HK has been trading in a range from 70cents to a high of 90cents ++. You might want to take note that this stock was recently added into MSCI small cap index. I will be keep my eyes on EasyKnit 69-72 cents seems to be a valid entry. PnF chart

Some updates on the HK market from marketinout scans...Been busy with new job and trainings for the last few weeks :D Firstly, on Petrochina and CNOOC. Both companies ran up close to 30-40% gains in the last month due to rumor of merger. But on its fundamental, we might had witnessed the bottoming of oil prices. I report that I read from Maybank mentioned that they expect oil prices to be bottom out and it will be the best time to invest in these companies. They have picked CNOOC due to its fundamental...shall update on it tomorrow..Fei Hua Bu Duo : PetroChina, 857.HK chart isn't as pretty as Cnnoc chart from a technical point of view. BB might have taken the chance to offload during the run up as seen in the fugly upthrusts. As for Cnooc, I haven't take a look at its tape but just from the chart, it could potentially go higher given stronger growth,bottoming of oil prices(which probably had already happened) and towards a target of 75 bbl. lastly,..i will ...

Look at the 2 key levels for USDSGD....Macro wise, I might still favour a dollar long...

If you still haven't been looking at china stock,336.HK - HUABAO INTL looks very good from the chart!! One of its subsidiary, Xiamen Amber intends to list on the 3rd board in China. No ceilings from its chart. Meanwhile, onto the theme from China, one road, one belt will be massive. Do search on stocks related on these stocks. I will give an update on these stocks in another time. On HSI, it seems very much a long and I will be expected 30K HSI points at least till end of year. Support @ 27k points remains very strong and one could likely initiate a long @ around 27k points. Lastly,  to subscribe to marketinout.com with a discount, do use 45K2D47BXG as the discount code!

Over the last 2 days, both China and HongKong market were up by a ridiculous amount. See attached. When I was still with my ex employer, one of my colleague cum mentor told me not to waste much time on the Singapore market.  " Look at the market where the funds are, you will be greatly rewarded", he said. Indeed, he was really right. There was no turning back once I look at the HongKong and China market as it was during the time when the HongKong Shanghai connect was about to start. Thus, my focus was very much on the potential bull. Market was massively positioned for the bull but what about my clients (ex clients) who the majority are based in Singapore or are Singaporeans? They couldn't give care less as they have no experiences on foreign markets and they are afraid of venturing into more uncertainty in the world of stock market. Below is the screenshot of CGS (6881.hk) , probably the call of the year. :P The idea behind the call was simple : MSCI addit...

From Yamaichi research.....received the report yesterday from our HK broker. - PAX Global (327 HK) announced 73% growth in FY14 net profit to HK$392 mn, on the back of 61% increase revenue to HK$2,373 mn. Catalysts - US and Western Europe to enter harvest period. After years of marketing effort, US and Western Europe markets will enter into harvest period this year: (i) PAX has largely overcome the entry barrier of Class B certification in US and growth in US will be further fuelled by the EMV standard upgrade. (ii) PAX has forged partnership with CCV, who worked exclusively with Verifone previously, for Western Europe marketing, (iii) Given higher entry barrier in advanced economies, management is confident that US and Europe can achieve higher gross margin and hence maintain group profitability, (iv) Based on management target to raise overseas revenue contribution to 70% in 3 years time, we raise overseas revenue growth forecast to 60%65% for ...

Below is a list of stocks that I scanned out for the HongKong market. Prada, 1913.HK does seems like has some room to go higher. From its points and figures chart, a 3 points reversal has already been confirmed recently. Region close to 60 dollars is the first resistance levels. If you need a reliable and user friendly stocks scanner, do try out www.marketinout.com and if you do try it out, do remember to use the discount voucher -  45K2D47BXG  which I manage to get from the site owner. Also, do join my facebook group if you haven't as I mostly update in the facebook group from now on. (Till i revamp the whole damn site)

Noble's Founder bought noble early this week @ 93.5cents ++. Yesterday, it was announced that their CEO and one of the director bought some noble @ 1.005. Lesson learnt : Don't try to buy a price that is lower than your chairman. Perhaps the management were asked to buy its own shares as well. Anyway, from a chart POV, a safer entry will be in the region of around 1 dollar at the moment but I don't forsee that level to be possible in the short term. Certainly, bullish behavior was observed and I will not be surprise if share price is able to hit 1.1-1.15 in the region of next 2 weeks. Update 10/03/15 : Market is proving me wrong. Strong selling pressure today with lots of houses downgrading noble from sell to hold or hold to sell. According to one of the research house report that I read, it was mentioned that with Noble's high P/B value, which is slightly above average amongst its peers at the moment, we might expect some writedown in the future.. opportunity...

The WTI and Brent Spread was trading in a very tight range of -5 to +5 range before the US shale boom. After 2010, the spread has become more erratic and we see the oil spread goes as high as -25 to a range of 0. Before we get into the differences between Brent crude and West Texas Intermediate and how that will affect U.S. exports, we should start with politics.At its heart, the export ban is a form of regulation designed to protect Americans from the dangers of peak oil and price manipulation, as was seen when the ban was enacted in the wake of the oil embargo and crisis in the 1970s.But after 40 years without oil exports, the energy markets have completely changed...One of the main arguments for lifting the ban is that the United States now produces more oil than it has since the '80s and is on pace to produce more oil in the next few years than it ever has.And since Republicans won the Senate in the midterm elections in November, the likelihood of a wave of fossil fuel-friend...

On a weekly basis, I will use this blog space to update some of  forum technical analysis thoughts on some of the major pairs and also some of the trades that I did over the week. Whether it is good or bad, win/lose trades, I will use this space to update my forex analysis just like how what I did for my stocks in the past.  TBC

Marketinout scanned out 1371 HK 1371.HK - China Lotsyn, aka 華彩控股. A lottery/gaming stock listed in HongKong Exchange seems to have a great deal of upside looking from the chart perspective. Share price had stabilized at around 56-57 cents before the recent block trades as shown. The website that i quote from (aastocks,com) had turned the block trades that seemed bearish to bullish. Will be watching closely from today. If you need a reliable and user friendly stocks scanner, do try out www.marketinout.com and if you do try it out, do remember to use the discount voucher -  45K2D47BXG  which I manage to get from the site owner. Also, do join my facebook group if you haven't as I mostly update in the facebook group from now on. (Till i revamp the whole damn site) Regards Hong Wei

The fundamentals/macro outlook of US,Eu and Asia could possibly a flight to gold again? I'm bullish on XAU

A call made on Midas a week before the insane 25% breakout on Friday. The tape says it all then. SG market should have a lot of opportunities in the next few week. I am seeing a couple of decent stocks that can hold long term as well as short term for opportunities. Do be more hardworking if you are scanning the local market. On top of SMRT, i also highlighted Metro and NamCheong in my recent posts as well. If you are wondering how I manage to scan for these potential stocks, I use it through a scanner using www.marketinout.com . I have manage to renew the coupon code from the vendor for another 1 year. And here is the code -  45K2D47BXG. If you happen to subscribe to the service, drop me a PM or leave a comment and I will teach you what are the criteria for the scan.