Singapore Wyckoff & Volume Spread Analysis

chart of hk,dax,nikkei and dow. all resting at key support level and we see a nice rebound today. GDP data from China isnt fantastic today BUT imo if that had happen last week, we will ser reasons fot additional sell off.However major equity market is up today and we might see respite in the eq market. The yen crosses is up as sentiment improves. We see UJ going back to 118 level. doubt we will revisit the low last week or anytime soon.

Made a terrible mistake to trade on Friday, and not using my computer. I feel that I have no control when I don't trade infront of computer. I will never do that again seriously. Return 3/5 of my scalping gains this week to that 1 single trade which I did on my mobile. In addition, I traded at a time frame where I am not comfortable for my trading strategy I believe. Tried to scalp my way back when I got home as I am a little furious about the losses. Funny enough, I manage to scalp close to 1/5 of my losses before another trade took away majority of the winnings from the Scalp trades I did on Friday. My thoughts : I might have the capability to consistent make money in it but scalping is high risk. When a chart ranges nicely for you to scalp, you take advantage of it. But the longer you stay in the market, the more changes you expect the momentum of the chart to be. Even though I scalp with a directional bias on a bigger time frame, I tend to scalp with a smaller time fr...

My reflection, or yesterday post was attributed by my mentor and confidant in trading. I remember she issued me a challenge to be green and take 10pips everyday. My thoughts then was like bullshit, 10pips a day wouldn't make you rich. It is a waste of time to read the H4 chart,h1 chart and just to make 10pips. But this 10 pips a day challenge has a new meaning in me now : If you can consistently make 10pips a day, you could be be making 50dollars and the time spent could be in a few minutes work.. I just hope to cover my daily expenses from the market. 10pips a day will pocket me at least 50dollars and I will be more than happy to take 50 dollars everyday. :P Assuming the challenge is to take 100 pips every day. Will it be easier for you to take 1 trade and win 100 pips or taking 5 trades, each averaging 20 pips? I am not greedy. My mindset has totally changed and thus I issue a 10 pips per day challenge to myself. I usually have 2-3 trades on a daily basis, each averaging 2-8 ...

It has been a while since I do reflection post. I believe that a trader grow from reflection and through reflections, they will understand themselves better. I'm back to FX and have been trading very small TF recently and using options to play the longer TF. So far so good! close to 90% winning rate! But I got to be on my toes as I always fk it up when I become profitable and decided to risk more. I aim to average about 85 winning%. I know a huge loss will definitely screw me up and it will happen and almost happen today!!! Some reflection when using the new methodology.(Scalping with a directional bias for short term and options for long term) 1) What differentiates a successful trader and one that is not successful? To have green pips everyday!!!! I looked back my old account when the pips are positive but the account value are negative? WHY? Because I overleverage and wasn't consistent on my lots size. While you maybe consistent on your products, a margin of error wo...

definitely not a secret...had it eyeballed 2 weeks ago..good run up!! #fitbit #vsa