Trading Idea: Eagle HTrust USD (LIW)1. Increasing volume over the last 4 days.2. Results out, nothing (positive or negative) pending3. MacD cuts up, a buy signal and RSI is at 46. Still, have room to move upwards.Why 0.570 range?This will be within the…
Category: SG Stocks And Shares
Trading idea: Singapore E-devFrom the technical aspect:1. heavy volume over the past 6 months with a rising trend. The current selldown is on the 5th day from the price of 0.053.2. The current price 0.045 to 0.047 coincides with the 50 days moving ave…
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Concluded the last month’s return with an 8%. Average of 13% for the last quarter. As agreed, there will be no HSI trades as announced previously. Shortly after, HK has slipped into recession for the first time in 10 years. Talk about timing.Moving for…
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This is a quarterly review of my personal FX trades. The numbers are for Aug till Oct 2019 with the broker Axitrader. Though it is before the end of Oct, it has been an exceptional quarter. Furthermore, there are no more positions opened which may caus…
What does this mean?
It means SGSAS is able to share promo codes and discounted prices for bookings done via SGSAS. There will be a bit of advertising revenue which Klook will share with SGSAS. This allows SGSAS to continue to run.
More importantly, this will mean cost savings for my friends who make bookings via SGSAS.
If you do not have a Klook account, use this link here and get S$5 credit for yourself first! Then help yourself with the promo codes below. 🙂
I got some clients asking me on algo trading. They are asking if I do trading or if I have a robot that does the trading for them.While algo trading/robot trading sounds sexy, please remember that humans are the brains behind it. The programs may be su…
As usual, this is a quarterly review of my personal FX trades. The numbers are for May 2019 with the broker Axitrader.
In the last 3 months, thanks to Trump, news of trade war has been flooding the market. EURUSD has been bullish, and indexes were hitting year high. Much of the trading positions are actually not in positions. Hence the spike in drawdowns from the charts below.
In June, thanks to Trump again who commented on the suitability of Fed Chair mentioning the possibility of a rate cut to ensure a competitive USD. As a result, EURUSD took a turn and thus the market changed.
This is illustrated by the chart above, a huge spike in drawdown during 10th June which is a Monday. FOMC statement was on Friday night, SG time. Overall, the trade positions were closed in an orderly manner and turned things around.
Another point to note is, the current drawdown is 0%. Which also translates that the opened positions are running on the traded profits only. Perhaps we should open more position to leverage and absorb more risks in exchange for a higher return.
To have monthly returns of 10% is considered average and more positions should be opened in order to capture more market opportunities. However, Trump is a wild card still. A higher risk-taking behaviour will translate to a higher drawdown. And each drawdown is a test to our system, simply because if it fails, that will be the end of our trading method, System Alpha.
Overall, the full numbers are displayed above. Moving forward, there will be no change in our trading strategy for now. Being nimble and careful is the better way to go in this market.
This account has started in May 2019 with the new broker, Axitrader, after our previous broker left us. If you need a good FX broker, you may consider Axitrader. The spreads are reasonable and even though Axitrader is a market maker, the spread is still acceptable.
So that is a wrap for the last quarter. Will update again.
Yep no joke. It is FREE.
Gone are the days that we always think and believe that foreign brokerage houses like Company I and Company T gives very cheap brokerage fees.
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Under this Promotion:
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c. New clients with no prior or pre-existing business dealings with UOBKH who open a cash or margin trading account with UOBKH will also enjoy 1 month free Hong Kong real time streaming price when they execute at least 3 online Hong Kong trades during the Promotion period.
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