Since the market hasn’t been moving much, I decided to take the back seat to watch the market movement. I became more strict with entries and hence, very few trades have been made this month. In fact, 3 trades were made only during the last week of the month and they are mainly commodities related. All entries were due to low k-line, rising volume and breaking of resistance.

Results

SATsvcs was a trade carried forward from previous month. It broke support and was closed with a -S$200 loss. Epure was exited on 30/11/09, which was expected as SGX open in the shadow of Dubai debt problem. I am glad that at least I have 2 counters still open.

Counter
Date In
Date Out
Action
No. of Shares
Price In
Price Out
Profit/Loss
SATsvcs
15/10/09
05/11/09
Long
1,000
S$2.560
S$2.360 -S$200
Epure 24/11/09 30/11/09 Long 4000 S$0.625 S$0.580 -S$180
IndoAgri 23/11/09 Long 1000 S$1.850
Olam
26/11/09
Long
1,000
S$2.720
Total
-S$380

FOREX Trading Plan

With 3 strategies of varying time frame, I decided to focus on the longest one – swing trade (close trade within days). The reason is because I do not have time to monitor the hourly chart everyday, hence the time frame of a swing trade is more suitable for me. Read more…