Singapore Wyckoff & Volume Spread Analysis

Gold 1) We witnessed the break of the $1,200/oz psychological support for Gold last week as price action accelerated on the downwards momentum after the psychological break. 2)Gold looks poise to record yet another monthly loss, matching the milestone in 1996 when the yellow precious slumped for a record of 5 consecutive months as well, though degree of drop was different. 3)Gold investors has been struggling tremendously on the back of the rallying USD as status of safe haven currency/asset is being questioned during this period of heighten tension of geopolitical risk. 4) Non-commercial COT positioning also hit extreme bearishness, going into negative territory for the first time in  17 years  [ see chart below] (Bloomberg) China Tech/ Alibaba 1)Last week we saw some of the China tech names exhibiting some form of rebound after dismal earnings from Tencent in mid-last week dragged Chitech space even lower initially. Stocks like Baidu and Alibaba traded ...

Entries advised last Friday. For request to be put in mailing list, please send request to sgwyckoffvsa@gmail.com Walmart dropped close to $18 since it reported a weak set of earnings in Feb. Share price had since plunged almost 17% since then. Revenue was higher but a missed on profits ; lower e-commerce growth than expected and a lower 2018 guidance saw Walmart took a beating. Reason could be more due to the heighten valuation rather than the result as result was actually fairly inline. Prior earnings WMT valuation was at  24p/e X multiples which does seems very expensive as compared to other annual earnings Forawrd p/e currently at 16.63 while current P/E 17.65 have traded nearer back to its 2017 average levels. [See Chart with P/E ] On valuation, the risk on Walmart is that it is more expensive than many of its retail competitor while it struggles against e-commerce giant Amazon [See Peers valuation ] Bloomberg con...

Update: Tped Usdcad with 100 pips.. Scalped nzdusd befofe fomc..about 40pips from one of my average downs..still have a short put on that positions at strike 0.70. Back to the drawing board....

Very Quiet week as market awaits a slew of Central Banks meetings, BOJ/BOE/FOMC/G20 and not forgetting the Dutch election risk today. I am currently looking at just 2 charts which I thought they are at interesting levels. NZDUSD : No 3 red weekly closes since 2015 June. As seen on chart below, since June 15, each 2 consecutive of weekly losses in NZDUSD was met with a positive close on the following week. History to repeat? Risk : More hawkish FOMC meeting/dot-plot could see NZDUSD back below 0.69 and test its Dec low in 2015. Disappointment in NZD GDP q/q on Thursday will be key as well. USDCAD/Oil : WTI pieced through the important 200 days moving average after the break of a rising wedge. While the oil selling momentum is strong to the downside, USDCAD is currently close to the key psychological level of 1.35 with a possible triple top formation. Gut feel is that we will trade above 1.35 this week and could find a better short level then. From the option marke...

Been a good month so far! Back from trading FX and net about 200 pips in first week through 2x Euraud long,Eurusd long. Currenrly holding onto a sell put Nzdusd @ 0.700 strike and a Kiwi long @ 0.690. Expect it to move towards 0.7050, at least... Eur strength was expected..stop calling the parity trade...your hurts at 1.05 while tryinf to play the break down is going to gurt you so bad! It is a long and long throughout. Good Eur Ez econ and good price action...Easy trade back towards 1.075...the very least. My psychology of trading has certainly improve. Unconscious competence! Just doing what you are good at with consistency and goos risk management! Trading is not as tough as it seems as 5 yeara ago... Shall update more when I manage to retrieve my gmail pw... hw

Test bar confirmed..This is what you get! Till weakness is seen! I shall be greedy for this trade #VRX

As illustrated below. Planning to buy some stocks option and going for a calculated gamble. Wish me good luck! Weekly charrt showing bullish behavior. Riping soon I guess! Update on the VRX : Changed of CFO give an excuse for VRX to surge 7-8% overnight! My options that got in on Friday is up 50%. Looking beyond the 32.5 and hope Delta will get closer to 1 now! Test bar verified and confirmed...

Damn, revisiting this pair as it went back to the previous resistance cum supply level. However, price left me too soon before I can do anything about it. DAMN! The properties were and background was good with declining volume... If you are into FX trading, you may try analytics trader demo and play with the software. Retail price is $249USD. However, you may use the coupon code : sgvsa-coupon , to enjoy a 10% discount off purchase if you like what you see.

See pic above. Do give analytics trader a try. Be it the demo or real account if you can afford. Below is the discount code. If you are into FX TRADING , you may try their demo and  play  with the  software . Retail price is $249USD. However, you may use the coupon code : sgvsa-coupon , to enjoy a 10% discount off purchase if you like what you see. update: trade atm doing well!

In fact, what I like about the setup is that if price retraces back to previous demand level (think wyckoff teachings), you should be daring enough to go for a re-long. The reason because it was a previous prior demand level. Thus, one should not hesitate to re-long at the previous demand level if price manage to do a retracement. There is usually a large possibility that it will happen as volatility is aplenty in the US market. From my 2 days of trading, I made back the costs of the software. However, if you are unsure on how to best utilize VSA, my advise is that you should play on a demo and work on the principles. BE VERY SELECTIVE on what the software gives you. There are a lot of pairs to be traded. Chose nothing but the best. A lot of people whom I know trades too little pair and they whine about the lack of opportunity and enter positions of the FX pairs when there are clearly better opportunities out there. This will definitely be a problem for user of the software, but...

I have been using the following software from Analytical trader which is rather comprehensive when using volume to detect good trading setup. If you are keen to know more about the products, please go to the link here. I will post trading setups and how should we best use the software. As opposed to other VSA software that I have used, there are lesser "highlighted" bars which means that only the more important ones are being shown! If you Look at the trading setup below, I am attempting to short @ the previous key support level which turned resistance. As highlighted by the Circle. Interestingly, prior to my short, you still don't see interests in buying which will be denoted by a circle at the bottom of the candle which gives me the confidence to go short especially the it is near a prior support turned resistance level. Most importantly, the stop is tight and it favor a good risk to reward setup to go short! Look at screenshot below.  Lastly, i...

Scaped 5 trades today! or 6..cant remember...all in the green...however, i didnt stick to the 50,000 unti size...i scalped with 100,000 on USDCAD and AUDUSD... I hope  I can get a screenshot tomorrow.. it will be interesting to have a trading channel like twitch where all the traders congregate tgt and learn man! such an idea!!! anybody want screen me? hahaha feeling more confident in scalping now....long or short it doesnt matter..as long as you are green..5pips or 3 pips..i am happy.. and i will get out with no risk and relook the chart again. USDCAD seems like a very scalp friendly pair...but i know how tempremental this pair can be having experience it before once..I think i will stick to USDJPY with lower lot size...but the problem comes when you start buying/selling @ heavier lot size...it is like drug, you will tend not to stick to your standard trade size. DAMN YOU! Okay..not trading today liao

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

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