Trades Overview

SP500 appears to be travelling on a channel few months prior and has now successfully breakout from the channel. Upside potential from then on, let the show begins!

Not only stocks or indexes, we do also monitor the currency extensively. Pips changes are what industry players adopted but for me it is more of a slower method of play; via horizontal support and resistance. It is exciting!

Combining both trendline and horizontal support/resistance tools improves the trading probability and one's conviction towards a setup. Check out this trade that I have simulated!

Fibonacci is undoubtedly the OG indicator to assist us in trading. Fibonacci extension and  retracement help us to identify potential buy and sell points. The 50% and 61.8% levels are my closely monitored ones, follow me to know more!

The TLT also known as the 20+ years US Treasury Bond ETF is one that hedges against the stock market, with which both instrument have an inverse relationship. Unlike commodities like GOLD, I personally prefer trading on this hedging ETF which is now (as at 24/4/2024) heading towards a strong support region. Do check it out!