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Price Action Patterns That Work (Guest Post)

Price Action Patterns That Work (Guest Post)

When it comes to price action patterns, most traders will think of…

“Hammer”

“Shooting star”

“Engulfing pattern”

Now, these are easy patterns to learn for beginners.

But, if you want to take your price action trading skill to the next level, then you must master new price action patterns.

That’s why in today’s post, you’ll discover 5 price action patterns that work—so you can develop sniper trading entries to trade market reversals, trend continuation, and even breakouts.

Ready?

Then let’s begin…

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 617 followers.

Price action pattern #1: False break

The false break is a reversal price action pattern that allows you to buy low and sell high.

Here’s why it works:

 

Imagine, the price makes a strong bullish move into resistance—and breaks out higher.

At this point, many traders have this thought process…

“The market is so bullish”

“Look at how big those green candles are!”

“It’s time to buy!”

So, this group of traders buy as the price breaks above resistance and their stop loss is likely below the previous candle low, below support, etc.

This means if the market makes a sudden reversal, you can agree that these cluster of stop loss will be triggered which puts selling pressure in the market.

Plus, if bearish traders step into the market and sell near the highs of resistance, you can expect the market to collapse lower and erode the gains it made earlier—that’s the power of the false break price action pattern.

Now that you’ve understood the logic behind the false break price action pattern, then here’s how to trade it…

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Turtle Trading Rules: Does It Still Work Today? (guest post)

Turtle Trading Rules: Does It Still Work Today? (guest post)

In 1983, two commodity traders, Richard Dennis and William Eckhardt experimented to see if trading is an inborn skill or it can be taught.

So they conducted interviews to find people who were the right fit.

A few lucky candidates were selected for the program—they were known as the turtle traders.

Next, Richard Dennis gave the turtle traders a fixed set of trading rules to trade the markets (using his money).

The result?

It was astonishing! Several turtle traders made triple-digit returns within a few short years and some even went on the set up their own hedge funds.

Clearly, the turtle trading rules worked well in the 1980s.

But the question is:

Do the turtle trading rules still work today?

Well, that’s what you’re about to discover in this post.

So let’s get started…

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 617 followers.

Turtle trading strategy: The original rules and results

Turtle trading is basically a trend following strategy for the futures market.

Here are the rules of the turtle trading strategy:

  • Entry: Buy when the price breaks above the 20-day high
  • Stop loss: 2 ATR from the entry price
  • Trailing stop loss: 10-day low
  • Risk management: 2% of your account
  • Vice versa for short trades

Markets traded:

  • Bonds & Interest Rates: 30-Year US Treasury Bond, 10-Year US Treasury Bond, Eurodollar, 90-Day US Treasury Bill
  • Commodities: Coffee, Cocoa, Sugar, Cotton, Gold, Silver, Copper
  • Energy: Crude Oil, Heating Oil, Unleaded Gas
  • Currencies: Swiss Franc, Deutschmark, British Pound, French Franc, Japanese Yen, Canadian Dollar

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How to spot good entry & exit points when trading?

How to spot good entry & exit points when trading?

Missed out on good trades recently?

Finding it hard to identify entry & exit points when trading?

Looking beyond Singapore, to hot markets like Hong Kong & US stock markets?

Then this service: Charting to Profits – High Probability Trades by Ong Bee Heng, is the one for you at a very affordable price.

Receive timely chart analysis and trades setup from Bee Heng, through an exclusive private chatgroup broadcasting.

Using a systematic approach to analyze the stock charts by combining different methods of analysis, Bee Heng is able to get consistently high probability of favorable trade outcomes, with a 60% – 70% profitable rate.

Being a market professional and a trader, he spends long hours monitoring the stock markets and have an acute sense of the stock markets. As a subscriber, you’d get timely opportunistic alerts and warnings essential for good trades.

Combining exclusive, timely access and precise trading setups, you’d know the top trading opportunities every week, with exact entry and exit points. This means getting on and off the big boat before and after it takes off.

✔ Find The Best Stocks Weekly To Trade By Identifying And Cherry Picking The Best Stocks
✔ Reduce Your Time And Effort To Screen Stocks And Opportunities in SG, HK & US markets
✔ Maximize Your Trading Returns Consistently
✔ Know How The STI Is Expected To Perform
✔ Get timely updates through live broadcast messaging
✔ Acquire Bee Heng As A Mentor

This service is rated 4.5 stars!

Become a sharper trader today and still get 25% OFF every month.

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Use promo code: CNY25

Subscribe to this service here: http://bit.ly/25CNYCTP…

Also, check out the upcoming IPO Elite Commercial REIT here.

Become a part of our community and also see what other investors are saying about the current market right now: (click on the view now button)

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

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Active Traders’ Fair 2020

Active Traders’ Fair 2020

UPDATE: This event has been cancelled by SGX due to efforts in Wuhan Virus prevention.

SGX’s annual Active Traders’ Fair is happening on 22 Feb 2020 Saturday!

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Gain exclusive insights from world-renowned trader, Michael Covel, Best- selling author of Trend Following and Founder of Turtletrader.com.

This fair also includes a market outlook panel, LIVE on-the-spot technical analysis and strategies for trading stocks, warrants and daily leveraged certificates.

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Register now!

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The First Workshop of 2020: Gear Up For Trading in 2020 with The Traders’ Circle!

The First Workshop of 2020: Gear Up For Trading in 2020 with The Traders’ Circle!

Come on January 11th 2020, Saturday 10am – 1pm, for this exclusive, intensive and informative workshop hosted by 2 acclaimed speakers spanning from 10am to 1pm.

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Venue: 51 Cuppage Road (Former Starhub building, located behind Centrepoint) Vibrant & Harvard Room 2, #03-03. Singapore, 229469

Register here: http://bit.ly/traderscircle…

Packing Stocks, Forex and CFDs into one single setting!

Session 1: Spot Turning Points In The Market With Trendlines By Jay Tun

Regardless if you are new to trading or has been trading for awhile, knowing where the turning points possibly are will undeniably give you an edge in the market.

To the untrained eye, it seems almost magical how some of the “experts” are able to know whether a trend is changing in advance.

In this session, Jay will showcase how he use trendline to tell the strength of trend as well as to spot possible turning points in the market using it.

You will learn:
✔ What are trendlines?
✔ What makes trendlines effective?
✔ Trendlines vs Support & Resistance: which is better?
✔ Using trendlines to spot possible turning points.
✔ Incorporating trendlines into your analysis?

Session 2: Secrets To Making Money From The Forex Markets By Karen Foo

Forex markets are extremely volatile and most retail traders don’t make money.

Karen, ranked #1 in a Singapore nationwide Forex trading competition will show you her secrets in successful FX trading. Here’s what you’d learn:

✔ 4 vital components you need to success as a forex trader
✔ How to determine forex entry points with confirmation
✔ Why risk management is more important than your trading system
✔ How to ensure that your trading will last and be profitable in the long run
✔ How to determine if your trading system is profitable

Register now, come later! http://bit.ly/traderscircle…
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this event is exclusively hosted and sponsored by City Index Singapore

All Winners of the SG Active Trading Tournament!

All Winners of the SG Active Trading Tournament!

ULTIMATE WINNERS OF THE SG ACTIVE TRADING TOURNAMENT

The Final Round just ended last Friday, and we’re excited to announce the Top 3 ULTIMATE WINNERS of this Trading Tournament:

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1st Position: @luxcan
2nd Position: @shirleyfam
3rd Position: @wancheehoong

Congratulations to these 3 winners! They battled hard and now they get the glory!

People’s Choice Award Winner: @Stockcham

Based on votes, he has garnered 173 votes in total during the Final Round of the SG Active Trading Tournament.

For winning this award, he will be winning $1,000!

LUCKY WINNERS OF THE SG ACTIVE TRADING TOURNAMENT

We’ve also just done the Lucky Draw for the following: 1x iPhone 11 Pro (for all participants), 2x Apple Watch Series 5 (for participants who’ve traded once during Elimination Round) and 1x Apple Watch Series 5 (for voting) and here are your lucky winners!

winners-ceremony

1x iPhone 11 Pro: @michaelalexand
1x Apple Watch Series 5: @noblelady
1x Apple Watch Series 5: @Financialmtc
1x Apple Watch Series 5(voter): @yuhaoloy

Congratulations to all the winners!

They will be presented with the prizes during the prize presentation ceremony and market outlook 2020 event happening on 4th December, 7pm at the SGX Auditorium.

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Come join us!

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

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Is a 90% return in ONE SINGLE trade in a week even possible?

Is a 90% return in ONE SINGLE trade in a week even possible?

Yes it apparently is.

Sometime last week, one of the participants with the username @minci in the SG Active Trading Tournament had a 92.80% return in ONE SINGLE trade.

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Here’s what her portfolio returns are so far and the exact trades she placed:

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She won $100 CapitaLand vouchers for achieving this.

See what else participants are trading right now (all trades are transparent and open to public view): http://bit.ly/SGATT2019

If you haven’t registered for the biggest tournament in Singapore, registration is still open!

Registration is free, and we’re giving away up to $15,000 worth of prizes!

Hurry register NOW.

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

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What is the Multiple Time Frame Analysis (MTFA)?

What is the Multiple Time Frame Analysis (MTFA)?

The Multiple Time Frame Analysis (MTFA) is the process of viewing the same currency pair under different time frames – that being said, it is often used in Forex Trading.

Usually the larger time frame is used to establish a longer-term trend, while a shorter time frame is used to spot ideal entries into the market.

Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. After deciding on the appropriate time frames to analyze, traders can then conduct technical analysis using multiple time frames to confirm or reject their trading bias.

In this workshop, you’d see how the MFTA can be applied to trading in the stock market as well, through the lens of a full-time trader in this seminar series.

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Join Jay Tun, an equities and derivatives trader, as he shares with you what separates institutional and retail traders, alternative products you can trade besides equities, and how you can create a trading strategy that works in your favour.

In the first part of this workshop, you’ll learn about:

✔ Understanding the types of markets and how it impacts your strategies

✔ Incorporating different timeframes into your trading to maximise your trades

✔ The one most important thing that professionals use to test their and verify their strategies

✔ How to utilise two simple technical analysis tools effectively that usually outperform complicated tools

✔ Habits and daily regimes of successful traders that every trader needs to know and follow

There will also be a live chart trading examples to highlight the importance of multiple time frame analysis, that can be applied for the stock market.

You can look forward to upgrade your trading skillset in this 3-hour workshop.

Get to mingle, network and ask questions with Jay and other traders as well.

Register your seat now. Strictly limited seats.

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This exclusive event is free to attend and sponsored by City Index.


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

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Interviews with Top of the Tournament Leaderboard: Landon Lim

Interviews with Top of the Tournament Leaderboard: Landon Lim

Interviews with Top of the Tournament Leaderboard

This mini-interview series is to showcase some of the prominent participants of the tournament leaderboard and what propels them to be able to trade well.

This post was originally posted here.

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This is @LandonLim, who made the leaderboard and had a top winning trade on 14 Oct! View his winning trade here.

How many years have you been trading?

Landon: I’ve been investing/trading for 4 Years now.

What’s your profession?
Landon: I’m a Relationship Manager.

How did you start trading and what got you started?
Landon: I started investing/trading when I decided to grow my savings. However, I had no experience or knowledge, and I placed $10,000 on an illiquid penny stock for my first trade without understanding anything about the company or stock chart movement/signals. I managed to exit my position 2 months later with a paltry gain of $70 (0.7% Return).

Thankfully, that unwise trade did not turn sour for me as the share price has fallen 50% from the time I exited, and I would have undoubtably stopped believing in investing or learning about it.

Can you share more about your trading plan?
Landon: I am actually more of a fundamental investor by nature who also uses some technical analysis (TA) in his trades. For my own portfolio strategy, I shortlist the companies that I want to buy (using FA) and try to time the buys using TA to achieve better Risk/Return ratios.
However, for this tournament I’m purely using simple Technical Analysis, mainly Ichimoku Cloud/Moving Averages/Fibonacci Retracements/Trend Momentums/Breakout patterns/Support and Resistance levels/MACD Indicators/RSI.

How do you usually determine an entry for a particular trade?
Landon: A combination of the above methods that I’ve mentioned. However, buying on retracement support levels, breakout patterns, bullish Ichimoku Cloud signals, and oversold RSI have a greater emphasis.

How do you usually determine an exit for a particular trade? 
Landon: Usually when the volume seems to be dying, along with clear ichimoku cloud/RSI/Fibonacci retracement and Death Cross signals.

What would you say to new traders who want to trade well? 

Landon: Have a systematic trading plan and set your stop loss to a smaller % than your targeted gains. After that, it is just a numbers game, you just need to win more than you lose.

Also, Fibonacci Retracements. At the 61.8% levels. The longer the time frame, the better.


#tournamenttop

Become a part of our community and also see what other veteran investors are saying about the current market right now: (click on the view now button)

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

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How to Start Trading In The SG Active Trading Tournament [Tutorial]

How to Start Trading In The SG Active Trading Tournament [Tutorial]

Singapore’s biggest trading tournament is finally happening on Monday, 14 October 2019!

With more than 1,500 participants, participants will battle it out with other traders, through the trading of an instrument called Daily Leverage Certificate (DLC).

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This tournament consists of 2 rounds:

  • Elimination Round (from 14 Oct 2019 – 8 Nov 2019): A free-for-all trading simulation that includes all participants. Top 10 traders based on highest total portfolio returns will be selected. A minimum of four trades for each participant is also required to be the top 10 traders. 
  • Final Round (from 18 Nov 2019 – 29 Nov 2019): Top 10 traders will compete against each other. The top 3 traders with highest portfolio returns will win a prize. A minimum of four trades for each participant is also required to be the top 3 traders.
  • Voting Period (from 18 Nov 2019 – 29 Nov 2019): The 10 traders into the final round will  garner for votes from the public during this period. The trader with the highest number of votes will win the “People’s Choice Award”. 

Join the tournament here: http://bit.ly/SGATT2019

 

What is a Daily Leverage Certificate (DLC)?

Daily Leverage Certificates (DLC) are exchange-traded financial products that enable investors to take a leveraged exposure to an Underlying Asset, such as an equity index or a single stock (Full list of DLCs). Daily Leverage Certificates replicate the performance of an Underlying Asset versus its previous day closing level, with a fixed leverage factor.

There are two types of Daily Leverage Certificates – Daily Long and Daily Short which enable investors to take a long or short exposure to an Underlying Asset.

Getting Started: what can you do with a DLC?

Long DLCs allow you to generate leveraged gains when the Underlying Asset goes up. On the other hand, Short DLCs increase in value when the Underlying Asset goes down, allowing investors to achieve positive and leveraged gains during market downturn.

Example: 5x Long DBS 

5x Long DBS is at S$2. Buy 500 shares of this DLC with S$1000 when DBS is at S$25.

DBS goes up from S$25 to S$25.5, i.e. up 2%.

5x Long DBS will go up from S$2 to S$2.2, i.e. up by 2% x 5 = 10% compared to the previous day close.

Example: 5x Short Tencent 

5x Short Tencent is at S$1. Buy 1,000 shares of this DLC with S$1,000 when Tencent is at HK$300.

Tencent goes up from HK$300 to HK$309, i.e. up by 3%.

5x Short DLC will go down from S$1 to $0.85, i.e. down by 3% x 5 = 15% compared to the previous day close.

How to identify a DLC?

For example, a 5x DLC with DBS as an underlying would be known as DLC SG5xLong DBS, with the following ticker DOXW.

Read this for more details on how DLC works.

[Tutorial] How to start trading and being on the leaderboard for this tournament:

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