January 18, 2015
Trading is all about timing; when to buy or sell, when to take profit and when to cut lose. Buy or sell you make money. We have discuss this before. Search the site for the previous discussion.
We have many currency economist comment on the recent ‘currency tsunami’. However how many have forecast and made money!
Trading is working on two very important level, floor that is support and ceiling that is resistance. This round when Swiss National Bank (SNB) decided to remove the floor; one franc peg against 1.20 euro everything fall through the gap. Let put this aside and look at the major markets and do our plan for the entire 2015. The market is become very interesting just right at the start of the year. 2015 will be a very colourful years for many either new traders or the professionals.
We have seen the crude oil is declining carry forward from 2014. Followed by Russia currency appears in free fail. Then the Swiss Franc stop the peg between the Franc and Euro for the last three years. And what is next? Trade what you see.
1) NASDAQ
Four Years Weekly Data, the trend is slopping up. No sign of reversing for now and may be the near term.
NASDAQ Four Years Weekly Data January 13, 2015
2) NASDAQ 100
NASDAQ 100 Four Years Weekly Data, January 13, 2015
3) STI
Singapore Stocs benchmark, Straits Times Index, STI four (4) years weekly data. What have you got from the chart with the US Stocks Market, NASDAQ.
Singapore Stock Benchmark, Straits Times Index, STI Four Years Weekly Data January 14, 2015
All Setup Can Fail!
Remember all setup can fail. Trade what you see! Management your trades and money.
Important links:
1) Russia heading for crash as ruble plummets – CNN Money
Thanks for visiting this extra ordinary site, AmiBrokerAcademy.com.
Moses
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