SG30 - Clean Price actionHi all,
Here we are breaking down SG30
Clearly we are in a very strong Bullish Trend and we have been for a while now, I would preferred to look at trade ideas supporting the trend continuation.
The Preferred Trade Idea would be a break out of this Consolidation phase which is a wedge pattern into the Demand zone, sweeping Sell side Liquidity and then Buying looking to take out the Buy side Liquidity or you could use the Inverse FVG for the TP too
OR
We could potentially look for a smaller counter Trend idea selling from the Inverse FVG after sweeping Buy side Liquidity and selling into the Sell side Liquidity.
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SG30SGD trade ideas
#040 Trust The Process SG30SGD Sell 1315SGT 28022025Selling.
I randomly opened the 60SMA on my screen's indicator list because it said that the indicator needs updating.
Yesterday night, I saw that price would go opposite to the 60SMA(when it's choppy. But I do not purposely try to make things work the same on every trade. I just see it, and take it.)
Price is in an overall up trend. Price just rebounded from the overall up trend, and now is coming back down slightly.
Idc. Don't think so much. You can't outrun them. The are the ones making the rules, and the ones shifting the goal post, and the ones dictating where the price would go to. How much over time to allocate to the match, etc.
You can't win them. You can only join them.
Not think that your ideas or setups or whatever would work or have to work.
If you think that way you would put immense stress on yourself.
Not worth it.
1320SGT 28022025
Of course though, if your ideas come out in the green in the long run, or short run, it does give a oh yeah feeling that feels good af.
1321SGT 28022025
#030 Trust The Process SG30SGD Sell 0359SGT 26022025Unable to take SG30SGD on Oanda demo account with the leverage at 20:1.
Besides that, the position is 34 lots per position I think. No idea how they could it. I could be wrong. I am using 100k demo account.
Maybe with that kind of leverage, i could only take trades on higher time frame with bigger SL.
Besides, I am only risking 1% per trade on Oanda demo account.
So, this is the limitation of Oanda demo account.
No broker is perfect.
They are after all business people who wants to earn your money.
If you keep trading on demo account with reasonably sized leverage, and you keep losing on it, what are the odds that you would want to trade with their real money account?
With the small leverage allowed, you get pissed off and start trading the real money account in order to trade with more leverage, and other reassons such as you being pissed that you are limited in the amount of trades you could take on their demo account, etc.
Just my personal observation and thoughts.
Traders don't trade rationally, and lose most of the time, and most traders lose money, and most traders hope their next trading strategy would work out.
So, what are the odds that traders who are desperate to make money while making bad trading decisions would make good decisions to continue trading with demo account instead of trading with multiple demo accounts?
I know cos I was once reckless like that.
0406SGT 26022025
Add : Price broke out of the major uptrend trend line, so, I am selling.
Price has been making consistent lower low lower highs as seen in the current wave, so, I am selling with the trend.
Key phrase, With the trend.
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#015 Trust The Process SG30SGD Buy 1127SGT 24022025Buying at the rebound of the major trendline.
Currently, my PNL is at -9.66R floating plus confirmed and exited orders.
Let's go.
Shall come back later.
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Consistency.
What if I randomly took buy and sell positions? Would I still be able to be a consistent loser?
While waiting for orders to come in at 1am just now(I work as a food delivery rider), I was thinking about my soccer betting stint.
My father and I we were betting on our own accounts, and we both encountered similar situations. Using our own strategies, we both found short term consecutive successes which ended up being losers where we lost everything in our account.
I even recorded the bets I took, and some key stats like odds, winrate between the home and away team, and both teams previous track records.
Here's the key thing that I am thinking about that is related to my trading question above.
Since soccer betting has different elements from trading.
1 - 3 way bets
2 - Unfavourable RRR
Could I, find a way to balance the elements to be more like trading?(For another time, I think I know what I could do. But, we have to first figure out about how to be a consistent loser, first, while randomly taking buy and sell positions.)
Assuming that trading is a 50 50 game(which my past 9 years plus of trading data suggests otherwise), then, if I were to take trades randomly, I would eventually reach 50 50 winrate, assuming I have taken into account the spread and commission.
Currently, I am taking trades with good intentions.
Good intentions means, taking trades in the direction of the trend, and if price is in a range, I take positions at key S&R levels where price previously turned at.
What if I threw it all to the wind?
Even winds have patterns.
So, is it truly random? Are my buys and sells truly random? Or is it who I am that is causing a pattern to form, that helped me be consistently losing, regardless of the randomness I thought I am bringing to the table?
Now, what If i remove myself and input a true random number generator?
Too much thoughts.
As of now, I know I am consistently losing. Now I learn to embrace it and use it in my favour in 2025.
Navin from Urban Forex says, "Do you want to be right, or do you want to make money?"
Currently, I am stuck at the level of having to mind-F myself into believing that my intentions are good and beneficial, in order for me to take the correct trades that would cause me to lose money consistently in the long run so that I could take the opposite is true trades on my money making accounts which I must not let my immune system know, exists because if my immune system knows the eyes exists aka the real money making account, then, I would begin to self sabotage.
But, what if I let the immune system believe that the eyes has always been around(which is true) and that the immune system has gotten a concussion and forgotten past memories such as the eyes existing, which, I mean, would be me taking "random" trades since I would lose in the end, and then, taking the opposing positions on my real money making account?
1155SGT 24022025
Anyway, I am losing money now consistently, losing half the account already, now I am sitting on 50k capital or so, from my initial 100k capital. I risk 5k per trade, so, now my realised plus unrealised PNL sits at -10R, so all is good.
Don't think of techniques, those are bullshit meant to trap you. And youtubers use those fanciful, beautiful, colourful techniques, asking you to balance on a tight rope while walking in the air between two cliffs which if you fall off from, would spell D_E_A_D. And guess what? Most people fall off that tight rope act. And most of them die. What you want to do is to prepare a parachute, which would catch you when you fall. And with this backup, you could be 放肆(fang4 si4), reckless, wanton, with, because you know you will fall, that's why you dare to do such ridiculous acts on the tight rope. If falling is your intention and you have to fall in order to escape, then, get yourself a parachute(real real money making account on the side. Eyes, without letting the immune system aka body know, exists.), and start behaving crazily, because falling is the only way for you to be successful and escape.
1204SGT 24022025
#014 Trust The Process SG30SGD Buy 1111SGT 21022025Third buy. Lost twice. LOL.
I am thinking that I should take the opposite direction in order to lose, because I felt that price has already bottomed out. But then, that would be my deviating from my original plan.
I should just continue doing what I am doing. Trading with the trend if it's trending, and trading with the trend if it's trending in a range. Trading the breakout if it broke out.
That is the way to consistency. The way to losing money.
1113SGT 21022025
Asian stock market looking strongPlaced a buy order on the Singapore 30 last week as price has continued to show strong bullish momentum.
Price not only broke past its bullish order block at 291.95 but it also give us a breakout on its downward fan showing that it is going to continue to push to the upside.
Buyers should look to add more positions once price either breaks above its key level of resistance at 312.43 and holds it as support or, once price gives us a corrective retest at the order block at 291.95.
Buys will be invalidated if price breaks below the bullish order block.
TP - 377.14
SL - 283.76
Strength Should be seen in Some Time.
Inverse Head And Shoulder- The inverse head and shoulders is a technical chart pattern that signals a potential trend reversal from a downward trend to an upward trend in the price of a security or asset(#Copied from Google.)
Wait For retest when it will come to test this level again.
But the chart is on Weekly Timeframe so it is showing strength.
All the best.
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STI breaks down below 6 week trading rangeLooking at STI Weekly chart, price was in range for about 6 weeks and had a significant break down.
It will seem that the long term downtrend channel may be as a temporary support and further breakdown back into the downtrend channel will likely resume bearish outlook.
The past movement indicate highly cautious move, sell into exuberant strength seems higher probability than attempt for range trading.