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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