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Happy New Year!

On the market front, bed of roses. I got Chip Eng Seng right where i think it is gonna be.  Market strength index climbed so are those stocks in my portfolio.  Even the declining USD added cheer to our FX robot. The gold bearish setup i been waiting for did not materialise so i was not in trade and i dare not lie to you that i long Gold. No i did not turn long. It was festive season, i didn't want to be busy and miss the moments with my kids. So i have to reassess my Gold, pick a direction and wait for the trade setup.

Trade setup for Singapore equities and Gold is different for my case.  With stocks, volume plays a big part in my analysis.  For Gold, the volume though nice to have but i rely alot on supply and demand zone. How the price is testing support or resistance...etc.. i think people call that price action.

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DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.

This post first appeared on The Art Of Growing Money, please read the originial post: here

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Happy New Year!


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