742 - start time

Since I am only looking at Daily charts at the moment, I need to know an answer to an important question.
What time in Singapore does a new Daily candle pop up?
I could have earned more from yesterday's trade if I traded earlier.

At the moment, it is 7pm in Singapore, and it shows 19:00 on the chart.
A new Daily candle starts at 00:00, which is 12 am in Singapore.

hmm... you mean charts in Singapore look different compared to charts in US??

742 - Aftermath of yesterday

Sad that I am not able to place 2 lots.
But I have to come back slowly, sticking to the principles.
Or philosophy, which Van Gaal always says.
It is still a long way back.
But hopefully, I can revive this account back to previous levels.

About what is different from last time, is the additional step of looking at the bigger trend.
Below are the steps.
The first step save me from spending too much time looking at currencies everyday.

1. Price Action
2. Support/Resistance level
3. Long term trend

Good day!

519 - enter the dragon

Sad I do not have enough money for 2 lots.
But this trade is ideal.
Upward long term trend.
Recently retraced to support zone.
Then there was an outstanding price action.
A bullish pin with long tail.

As I only have one lot, I have no choice but to sell at the next resistance zone.
Hopefully the price retrace again for me to enter again.

Stocks- Chip Eng Seng

I am still monitoring Forex.
Just that this time, I also pay attention to the overall trend.
I use Daily candles.
Cause the platform I am using, only for Dailies then I can zoom out to see the trend.

I have no holidays, and a little bonus.
So I am currently studying shares now.
It is great that I learnt more.
I recently bought Chip Eng Seng. Why?

Construction and building company.
Singapore's infrastructure is constantly upgrading, the company is one of the major civil engineers.
Singapore's target of 6.9 million people on 2020.
The company constructs many BTOs (New flats for new couples).
There had been many Share Buy backs, stocking up on their treasury shares.
The PE ratio is low, around 7.
The attractive part is that Sep financial report is superb, around double the net profit of the same time last year.
Another thing, they pay decent dividends. Around 4.5%.

Currently, I am also learning about web development.
Got many inspirations. From my army friend, and my secondary school friend.
It seems good to have a purpose even when I am home.
The feeling of spending time on something and knowing it can improve my knowledge and my skill.
It is also relevant to my work, as I broaden my knowledge about programming.

Overall, things are good~

519 - potential

 Long term up trend

 Mid term, resistance level

If short term there is a bullish signal, can consider entering.

519 - keep calm, and let thoughts flow in

Was thinking of entering long on this yesterday.
Anyway I have been talking about this pair quite lately.
Nowadays, I am thinking about trend trading.
Like what Kathy Lien said, it is one of the style which most hedge fund managers use.
Maybe I can combine price actions and trend trading.
Below is a picture.

So I realized I can be a contrarian, and also a trend trader.
For example, the overall trend is bullish.
I enter when it rebounces off a resistance zone.

Above : Same pair, just a bigger picture.

Maybe my new strategy:

1. See the long term trend
2. wait for it to retrace to a support or resistance zone
3. use price action to decide if the trend will continue strongly again, or is it coming to a u-turn.

519 - still going gd

Did not enter the trade as mentioned in one of the old post.
Today it seems gd.