3rd stock flagged out for investment opportunity Sembcorp MarineMany stocks were flagged out for investing opportunities today but the money is still not in from the SIA trade.
Past trades
Singapore airlines (Live trade)
Entered: 22/08/19 8.92
Exit: 13/09/19 9.19
Spotted but never managed to buy in
City Development (did not managed to enter)
Enter: 05/09/19 $9.42
Exit: 13/09/19 $9.70
Yangzijiang Shipbuilding
Enter: 17/09/19 $1.08
Exit: When price hit $1.12
OUE
Enter: 17/09/19 $1.48
Exit: When price hit $1.53
Sembcorp Marine
Enter: 17/09/19 $1.3
Exit: When price hit $1.34
Tradingjournal
The best stock among the rest that was flagged out todayThis is the best stock flagged out today. Hopefully price will still be there when our money comes back!
Singtel
Enter: 17/09/19 $3.21
Exit: When price hit $3.31
Past trades
Singapore airlines (Live trade)
Entered: 22/08/19 8.92
Exit: 13/09/19 9.19
Spotted but never managed to buy in
City Development (did not managed to enter)
Enter: 05/09/19 $9.42
Exit: 13/09/19 $9.70
Yangzijiang Shipbuilding
Enter: 17/09/19 $1.08
Exit: When price hit $1.12
OUE
Enter: 17/09/19 $1.48
Exit: When price hit $1.53
Sembcorp Marine
Enter: 17/09/19 $1.3
Exit: When price hit $1.34
Singtel
Enter: 17/09/19 $3.21
Exit: When price hit $3.31
USD/JPY - Fibonacci Retracement & Double Top4HR and 1HR Timeframe depicts a double top. Price broke the neckline and is now currently retracing. Price is sitting at Fib Level 38.20% (Green Zone) - Price action indicates that bears have some momentum. I think bears will start to reach resistance right around Fib Level 50.00% if bears continue to remain strong last enter could be around Fib Level 60.00%. If bears show no weakness and close pass the final price entry I would consider this trade a no go as rules would be broken. Ultimately looking for some signal of price action to enter the trade.
Note: There are two key levels that price is currently heading towards. Be on the lookout for some consolidation and signs of entry at these areas of possible opportunity.
Trading Journal #12
- Austin S.
GBP/AUD - Buy Zone GBP/AUD has hit the major resistance level for a second time to the downside and price action shows that theres is consolidation followed by some light bullish action to the upside. Price consolidated in the buy zone and eventually closed above the top level of the buy zone. Market structure depicts a triple bottom. Now looking to see how price plays out at the 38.20% Fib Level. Ideal situation would be a major bullish influence at the 50%. Could buy at the 38.20% level but would have to wait for further confirmation that price will be heading to upside. Price has been rejected strongly at the "Buy Zone" so I think the overall trend will be to upside.
Trading Journal #13
- Austin S.
Trading Journal Basics 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Journal Basics 101
During my trading career one of the most important elements of trading is keeping records of your trading performance. Whether its using an excel document or software such as the EDGEWONK TRADING JOURNAL, its crucial to see where you business has come from and where its going!! Below is a small detailed list of elements of a trading journal;
1. Date/time entered and exited trade
2. Asset traded
3. Long or short trade
4. Entry/ Stop loss and target price
5. Risk/Reward
6. Exit price. Did i exit at the target price? If not why?
7. Profit/Loss
9. Pips amount
10.Balance
11. Notes on trade ( both Pros and cons)
12. How can i improve next time?
13. Missed trades?
14. and many more....
Once again this is just a very basic list and there a lots more that can go into the journal.
Note: Edgewonk is by far the best trading journal software that i have ever used. I highly recommend it and if you would like to know more please let me know :)
Happy Trading
BCH-Live Trade Journal (daily chart)BCH-Live Trade Journal (daily chart)
3/10/2018
MA is still down and trend line is intact--I don't plan on trading the daily chart until I see that change. Until then, I will be looking at faster time frames for trading opportunities (posted as separate ideas) but I will be watching for a breakout of the trend line or a break of the support zone.
LTC-Live Trade Journal (daily chart)LTC-Live Trade Journal (daily chart)
3/10/2018 (1st entry)
Litecoin is relatively flat at the moment compared to BTC and ETH which are bearish. While I don't think there is a strong case to trade the daily chart at the moment, faster time frames should be looked at. Other time frames will be posted as separate ideas.
VLO Short Trade IdeaAfter the previous 2 high volume days, VLO has made new highs. However, it did not close with a strong candlestick above the resistance and instead put in a doji. With this location it is setting up a nice Risk vs Reward trade for the short side. Previous resistance will be the 1st profit target and will be moving up the stop loss if the trade goes in my favor.







