About meBased in Singapore, 10 years of Banking and Trading Expeirence. Forex and Future Mentor and Trainer, BILINGUAL both English and Chinese Teaching.
Trained more than 1000 traders in the past 5 years. Founder of Harmonicasia and Jack Trading Academy
XIAOMI is a good company which has great future.
I used a lot of Mi-Product , such as Smart Phone, Smart TV, Smart Aircon etc.
From the Chart, we can see Xiaomi already formed
cup and handle pattern
therefore this could be a good time to Invest in Xiaomi
Target 20 and above
This is something about Trades Management (How to manage your existing position)
1. If the trade went well ( You are in profit ) , When Reward / Risk Ratio hit 2:1, Close Half position. (You can also close all, if you feel good enought to take all the Floating Profit, but you will have the opportunity Cost of not be involved in the next trend , Hard to decide?...
Correlation Trading Idea
As we know, AUDUSD and NZDUSD are similar pairs
Very interesting thing is:
AUD already break May 9th's High
But NZD hasn't
Therefore, NZDUSD will catch up and break that point in the future
We can buy NZDUSD by looking at AUDUSD
Aim 0.6448 / 0.6600
GBPJPY Break out Trend line
and horizontal structure
We can see today price breakout 133.23
so lets buy pull back in lower time frame
and aim 140
It's going to be big rally after such long a
SPX500 4H Short Plan
Wedge was broken and lower low created
Now price just pull back to 618
Entry 1: 3041
Entry 2: 3053
SL: Previous High
Calculate your position size before you took the trade
Aim 3000 / 2930 / 2840
A easy way to earn money with Option
1. You already have some Apple shares
2. You are willing to sell some of them at 330
3. You have an Option Trading Account
Sell Covered Calls ( the amount should be less or equal to your existing shares)
Strike Price: 328-330 , the higher the strikie price
the lower of the premium you will get
BTC Move into Tri-angle
and lets ready to buy the pull back of the breakout
Now 8500 is well supported
and price is consolidating
This could be a trend continuatioon pattern
So lets observe whether there is a break-out soon
Gold is going to choose direction
This Consolidation is coming to the end.
Plan A: Break up the Tri-angle, we want to buy
the pull back. Aim 1750
Plan B: Break Down the Tri-angle, We want to
sell the pull back. Aim 1650
So get ready to trade either Plan A or Plan B
WTI CLM2020 Future Contract
Retest the Structure and formed Pin bar
the previous rally already creates Higher High
and price pull back nicely to 12.00
which is the previous structure.
1h charts shows a bullish pin bar
Therefore we can enter a Buy
S&P Sell pull back from 618
2932 is the 0.618 level and also the
Broken Structure from the last Crash.
Ready to find Bearish Patterns'
such as Pin bar, Inside Bar or Engulfing Candlestick
to creat your short position.
Aim 2600 AND 2300
LTC break out the Consolidation Tri-angle
Therefore it is good to buy with pull back
40-42 will be a good zone for entry
we can also look for Inside Bar (Break up)
to catch the upsdie momentum.
If you do not know what is Inside Bar
I will draw in the update area.