16th November 06 - RS+1 on Oil

A trade which I waited for weeks. I think my patience paid off :)

Just like other RS+1 trades, the entries are usually beautiful. When you enter, 90% of the time, you're outright in good profits with little or no drawdown. Wanna find out more ?

Maximum intra-day profit from this trade is US$1,970 per contract. A pity I only took US$800 from the table. Anyway, let's move on and wait for the next good trade.

16th November 06 - KOSPI Trading Hours Adjusted

From effect from today, the South Korea KOSPI index futures with start 1hr later and end 1hr later, with respect to Singapore time.

Previous trading hours :: 08:00 - 14:15
New trading hours :: 09:00 - 15:15

If you do use regional analysis in your trading, I believe that the change will impact your trading to a certain extent.

More on that in the coming gathering with fellow traders :)

13th November 06 - RUSE System Gives Multiple BUY Signals

It has been a month or so since the RUSE system last gave an entry. Well, looking from the entries (see above charts) today, it seems like a wait worthwhile ...

For those who are new to this blog, RUSE is a highly accurate trading system to trade up to 5 Asian markets (Nikkei, Kospi, Hang Seng, SIMSCI, TW) at a single go, relying on synchronised momentum-based reversal techniques to catch the markets as it turns.

What I really like about RUSE is that the risk-reward ratio is extremely attractive (can be up to 1:4, meaning risk $1 to make $4)

I have shared this system during my Trading Mastermind Programme. Believed some of my graduates benefited from this move.

Finally, a run-down of the maximum intraday profit (per contract) for RUSE system today:
1) Nikkei - 120pts (S$792)
2) KOSPI - 1.3prs (S$1,084)
3) Hang Seng - 174pts (S$1,740)
4) SIMSCI - 0.8pts (S$160)
5) TW - 1.1pts (S$170)

Slurp slurp, looking forward to the next opportunity :)

8th November 06 - S&P E-mini SELL 1386.75

A SELL call generated by the system on 8th November for S&P E-mini:

SELL Entry: 1,386.75
Target: 1,381.75
Stop: 1,391.75

Result of the trade is a 5pts profit at 1,381.75.

1st November 06 - Specialist Trade in GBP

"Specialist Trap" is a pattern which I learnt from Larry Williams in his course last year. Proved to be one of most consistent momentum setup which I trade upon :)

I am delighted to trade this call 'live' with some of my Indonesian friends. Some quick $$ there.

27th October 06 - S&P E-mini SELL 1391.00

A SELL call generated by the system on 27th October for S&P E-mini:

SELL Entry: 1,391.00
Target: 1,386.00
Stop: 1,396.00

Result of the trade is a breakeven at 1,390.75.

26th October 06 - Good K2P Setups

For today (Thurs), I will be looking closely at the below K2P entries:

1) K2P Buy in Hang Seng futures
2) K2P Buy in Dollar Yen spot
3) K2P Sell in GBP futures
4) K2P Sell in EUR futures

So, for those who know K2P, it's time to draw the lines and get the respective entry levels. If the entries are triggered today, I will personally take more than preferred profit :)

23th October 06 - Stock Trader's Almanac 2007 is out !!!

Visited the Kinokuniya bookstore over the weekend and found a new hot book on the shelves.

To me, Stock Trader's Almanac is a must-have for all traders. Definitely assisted me in the decision making process in some of best trades in this year.

Hope it does the same for you too :)

17th October 06 - SIMSCI, so beautiful

Such a beautiful sell-off; coming down just like a waterfall, continuous and gentle ...

Opened at it's high and tickle down gradually to close at it's low ...

4th October 06 - S&P E-mini SELL 1342.50

A SELL call generated by the system on 4th October for S&P E-mini:
SELL Entry: 1,342.50
Target: 1,337.50
Stop: 1,347.50

Result of the trade is a 5pts loss, exited at 1,347.50.

2nd October 06 - S&P E-mini BUY 1345.50

A BUY call generated by the system on 2nd October for S&P E-mini:
BUY Entry: 1,345.50
Target: 1,351.50
Stop: 1,342.50

Result of the trade is a 3pts loss, exited at 1,342.50.

28th September 06 - Discover Your Strengths

Not long ago, through a friend's kind recommendation, I got to read "Now Discover Your Strengths" by Marcus Buckingham & Donald O. Clifton. The book puts across a simple idea:Focus on building on your natural strengths rather than salvaging your weakness.

For trading, like other aspects of life, there are certain areas which we are naturally good in and it's often like a breeze when handling them. For myself, I realised that I am quite proficient in certain areas like:

1) Through trade planning before entry
2) Decisive in entry
3) Decisive in getting out of a trade when in 'hope mode'

It's important to know what your strengths are so as to focus your efforts in the correct areas. I am very interested to know your strengths too.

Hope to see your list of strengths in the comments page (see below).

26th September 06 - Interesting stuff of Hang Seng

Went Hongkong over the weekend for a family trip and also to visit my beloved girlfriend.

Although it's supposed to be a break for me off the markets, I still can't contain my ever-present curiousity of the financial markets. I was thinking, since I am in HK, turf of the Hang Seng futures which I trade everyday, how about I learn abit more about it.

And so, I bought a copy of the local business times. Compared to the Singapore papers, I think that HK newspapers are alot more 'vibrant', packed with tons of analysts pitching about their recommendations. What makes it really stands out is that even technical indicators (not only one but quite a few) are even thrown in to complete their analysis. Pretty interesting, ya?

As you can see above, sometimes they even reveal the support level. For this particular case, it's 17,171 for the Hang Seng futures. I wonder what will happen if that level is breached? 17,171 is quite a 'nice' number, don't you think so?

11th Sept 06 - S&P E-mini SELL 1307.25

Another SELL Call generated by the system on 11th Sept for S&P E-mini:
SELL Entry: 1,307.25
Target: 1,302.25
Stop: 1,312.25

Result of the trade is a breakeven at 1,307.00.

8th Sept 06 - S&P E-mini BUY 1309.75

Hasn't been updating for awhile due to work commitments.

On the top is a BUY Call generated by the system on 8th Sept for S&P E-mini:
BUY Entry: 1309.75
Target: 1314.75
Stop: 1304.75

Result of trade is a breakeven on 11th Sept at 1310.00.

6th Sept 06 - The S&P Trade Gives Again

Quite an eventful Wednesday for the S&P system with some pickings:
1) Shorted the S&P big contract @ 1313.40 (around noon time) and covered @ 1312.10 (around 4pm++)
2) A recommendation to short e-minis @ 1312.50 or better (released at 1840hrs) with profit @ 1307.50.

A pity I didn't get filled for the 2nd call as the market continues to sell-off strongly in the European session. However, some of my friends shorted near 1311.00 region and profited. Good job there man :) One of them even shorted the e-Russell and made quite a handsome amount ... slurp slurp

An interesting thing I noticed this time round is that the profit is given in the European session rather than the usual US session. One of the fastest trade thus far.

Let's look out for the next S&P trade ...

5th Sept 06 - A Picture Perfect Short

Today, I shorted the Hang Seng @ 17,428, which I believed should be a picture-perfect trade.

Profit target: 17,220 (208pts reward)
Stop-loss: 17,531 (103pts loss)
Risk/reward ratio: 1 to 2

Reasons for trade
1) K2P sell call enhanced by my RS+1 pattern
2) Created a new 52-week high but closed lower on 4th Sept
3) Today broke 4th Sept's day low with strong momentum
4) Lots of commited sellers detected across various levels in today's session
5) Well-balanced risk-reward ratio

I believe this trade should turn out well :)

PS: For Trading Mastermind Programme people, pls look out for potential KOSPI trade tomorrow

30th August 2006 - A Possible Market Turn ???

Based on my KOSPI system, there should be a turn to the downside for the next 2-3 days. I shorted KOSPI @ 174.75.
Although my system is over 90% accurate and only generate 1 stop loss in 5 years, I have to acknowledge the fact that Nikkei, Hang Seng and SIMSCI ended up strongly nearer to their highs. At the same time, this system is mechanical so taking every trade is necessary for consistent profitability.

Looking at the way the Asian mkts end and the chart patterns in US mkts, the road ahead definitely look bullish. At the same time, if you give it a 2nd thought, if the expected buying doesn't come tonight in US mkts, what will come?

Let's see if it happens?

29th August 2006 - Trading in the Markets

"We don't trade in the markets, we trade in our BELIEFS of the markets"
- Ray Barros

This quote basically summarises what trading really is. Everytime we place a trade, the market moves but do your beliefs of the markets move too?

Hope this spark some thinking for you as it did for myself. Cheers :)

22th August 06 - A Nice Sell-Off

Dear frens,
I haven't been updating the blog recently as I was busy preparing for my 1st Trading Mastermind Programme. It was held last Sat and Sun and I am very excited to have 11 participants this time. What I can say is that they are very commited traders and it was my honour to share my knowledge with them. Believe me, I also learnt a fair deal from them in those 2 days.

Right after the programme, today the market gave a Time-Frame Lag signal. Using that, I made some quick buck from shorting the Hang Seng (from 17,030 to 17,010) in the afternoon session. At the same time, the S&P system also gave a short signal. So, I shorted e-minis @ 1304.50 and just covered it @ 1301.50 and 1299.50.

As you might already realised, all of the Asian regional futures sold past their previous day lows and close below them. As such, I believe that the US markets might follow suit, possibly with DJIA cash closing below 11,317. Well let's see if it happens.

Personally, I have also shorted SIMSCI @ 281.7 today afternoon. Looking at the strong recovery towards the end, I reckon that it might not be a great idea to hold the shorts too long.

To be making $$ consistently in the markets, one have to respect the markets. Doesn't mean you shorted the markets and the markets have to go down for you. Remember, the markets have no obligations to hit your profit levels but have every right to go for your stops. Plan your trade and trade your plan; this is the only way to consistency :)