I Will Be At Invest Fair With V3Go

I will be at Invest Fair this coming weekend (7th/8th Apr) helping out at V3Go booth.

My trading sifu, Kelvin Han from V3Go Academy, will be giving 2 free talks. If you wish to attend, you can register through the link here:
http://www.v3go.com/signup/

There are also many other talks (free and paid) at the Invest Fair, so I suggest you visit the site and check it out yourself:
http://sg.invest-fair.com/

Come and have a chat with me (if you see me at the V3Go booth) if you are attending the event!

Secrets of Singapore Trading Gurus Book Review

My friend Alvin Chow, founder of personal finance blog BigFatPurse, has launched a new book recently: Secrets of Singapore Trading Gurus

Alvin interviewed some of the top Singapore traders (8 to be exact) and shares his findings to you. Many of these traders are quite “famous” and prominent. Besides being just a trader, they also conduct seminars/workshops to the general public who wish to learn the art of trading. These 8 traders are:

  1. Keane Lee
  2. Yeo Keong Hee
  3. Binni Ong
  4. Nihcolas Tan
  5. Clarence Chee
  6. Tom Yuen
  7. Patrick Lee
  8. Dave Foo

They trade different asset classes such as forex, stocks, indices, options, futures etc.

I have read the book personally and what I like best about it is the interview format. This makes the book very easy to read and as if the trader is talking to you directly. The gems in this book is that the traders talked about their EXPERIENCE. For example, their best or worst trade, their psychology to approaching the market, whether they use mechanical or discretionary trading, the pitfalls, what they have done to achieve trading mastery etc.

I have yet to attend any of the traders’ workshop yet, so this book provides valuable insights and for me to know their style of  trading. All their wisdom gained from the markets all these years are contained in this book. Great job from Alvin for him to interview them and compile this book!

If you purchase the book, you will also get to access the interview videos as well. Personally, I think reading the book and watching the interview videos is kind of different. I tend to have a deeper understanding when I watched the videos. Well, just my experience.

You can buy the book and have it delivered to your house for FREE. Click here to order the book now.

secrets of singapore trading gurus

STI Heading for a Correction Soon?

Recently the market is on a rally and most of the counters are now overbought. I believe a correction will be coming soon. Maybe by as early as next Wednesday.

My analysis is based on Harmonic trading pattern AB=CD and classical support/resistance. Both happens to coincide with each other.

The bearish AB=CD pattern information can be found here. I suggest you read it. Very good information.

From the chart below, STI rallied from A to B, then retrace 38.6% from B to C, and could rally again from C to D for 261.8% (projection). By then, it should hit the gap which will act as resistance as well. The bearish AB=CD pattern would form.

A to B is about 9 days. So C to D must take at least 9 days also for the pattern to be valid. So by coming Wednesday, if the STI continues to rally, should be able to hit 2960. It should have a correction.

sti correction ab=cd 30 oct 2011