Did You Trade

Good Morning,

2hours have passed and its very clear that traders are getting out from the market than going in despite the 200pts overnight rally by the Dow. Although it seem like a great opportunity/reason to long stocks today BUT if anyone was around to see the activity of the Forex to the Futures market from 2pm yesterday, you should know that you have missed the boat yesterday. Here is an excerpts of what I shared with my grads this morning;

Reason for the Upside of the US Market:
Stocks shot out of the gate Thursday, with the Dow up more than 100 points, after the latest batch of earnings gave investors some cause for optimism. UPS, Caterpillar and Microsoft were among the early gainers. Travelers fell.

This the reason for the upside of the Dow but way in the Asian markets yesterday, we already know that there could be upside coming when we saw the Euro and Dollaryen surgiing and follow with the stocks recovering from 2pm onwards So now, while everyone NOW know that the Dow rose 200pts and start to chase into stocks today,.. we are going to sell to them for profit..

So from here, it clearly shows that V3Go System does have the capability to know ahead of the market and for us, who are trained with the methods, will always be moving in first. Congrats to those who made profit.

For today, I am looking to book profit than going long for the weekend.

[11:07:28 AM] 00 KH-Trend Master: those who long yesterday will be quick to take profit while those who missed the boat
are just waiting to long again. For those who missed the boat, then this is yet another great moment to recollect why you missed the boat yesterday.

I am glad that many grads are beginning to see the importance of entering into the market when people are seemingly getting out. We are not contrarian but we know that the markets were selling over the last 2-3days and we were just waiting..

Just like the Lions on the Africa plains, waiting and waiting, for the right moment to pounce on the preys when the time arise.

When the overall market is moving upwards, thats where one should know that the time have come… and for those who bought, are enjoying the fruits of the wait…

But for those who waited and now see the Dow is up 200pts and finally feel comfortable.. will most likely enter at the high and scratch their head when they start to see the stock prices coming down from their highs…

[11:11:04 AM] 00 KH-Trend Master: Dollaryen went above the TSC but return back within the DT TSC
This is not good.  Thus if the dollaryen continue to fall, most probably, we are going to see NIKKEI coming off later and this could lead to the rest following suite

[11:19:39 AM] 00 KH-Trend Master: Sharing a thought

“Kel, i donated 100plus to peter lim…will join him next time to get it bk”

[11:16:30 AM] 00 KH-Trend Master: i told you before. for stocks like wilmar. dun short it. too well controlled and if you look back on the history of the price action and our technique, you can see that it work better if we long than short

[11:16:46 AM] 00 KH-Trend Master: So rather than fighting the trend,  we go with the trend

[11:18:46 AM] 00 KH-Trend Master: rem the story that i mentioned before

When I show a group of traders my trading results of 2 currency

Pound trades = give a 85% accuracy

Euro trades = gives a 70% accuracy

Many pple will ask me, what can we do to increase the Euro winning percentage??

My answer: Why bother about Euro then? Put your money into the Pound trades instead!

——————–

I hope you can see how pragmatic is our approach towards trading using our V3Go tools. We cannot boost that our system is the best because we don’t believe in there is a Holy Grail in trading/investment because even Warren Buffett have bought Buffulo News for 2 years before he made a single dime from his investment. It even went down by 50% of the price he bought! Quite incredible for the World Best Investor right?

But I think for those who been following my blog since 2006, you should know that most of our calls have been reasonably okay. Yes, we do have calls that turn negative occassionally too but I am glad the percentage seem favourable towards the positive side of things.

V3Go System is a system that I created, using the experiences of the past 13years of my trading career. It have been modified along the way and evolved to a near solid system for traders to use it for short and long term trades.

With that, I am shorting the Dollaryen now as it seem that the upside looks limited for today and this could lead to the signal for profit taking in the stock market in the afternoon. Traders are expected to stay caution to the wind.

For those who longed yesterday, like Noble, Olam, Cosco  etc.. its time lock in profit.  For Genting, I suggest keeping it under CFD and let it move on its own. The recent price action clearly shows that this stock is on the verge to hit S$1.25 in the near term. ( Targetting within 2 weeks)

Have a great day ahead!

Cheers!

Disclaimer applied

Kelvin Han
V3Go System Originator

This entry was posted on Friday, July 23rd, 2010 at 11:51 AM and is filed under Forex Analysis, Futures Pick, Market Analysis, Stock Pick. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.