SET trade ideas
Overall Future Pattern of Thailand Stock Market Index (SET)A guide to what will happen to Thailand SET Index. In short term, SET can fall further but not below the 1290 - 1300 area. SET will rise to the 1400 area before falling over time to 1100 area. Once reaching its trough at around 1100, SET will begin to recover, imitating the stair pattern over time towards its new high.
Will the SET saga make a decision, in the coming week, to where Hope all has been able to cut your Long trades, while still with profit!
As SET shows the bears has taken over at lower and lower prices, even though it took a bit longer than I anticipated SET turned by the falling resistance. So what is interesting now, is if we get the “buy the dip” opportunity I was looking for in my last published analysis.
As we’re getting closer to the end of the triangle looking pattern, a breakout to the north from here will be strong…that is if the sentiment changes and continues to follow the trading psychology. So, if you’re a risk-taker, look for the Bulls to show themselves in a lower timeframe, tomorrow or the next coming days, in and around the support. While I will wait for SET to breakout north of the falling resistance, before doing enything and would love to see it retested the support-resistance from above before leaving it to go up nooorth!
As I feel that my luck has been good to me, until this point, I have made the decision to step aside until I feel the market is in a clear obvious phase. If this is a breather in the longer 2nd phase or if it's in the 3rd phase and the bearish 4th phase is waiting, is too early to say! So I will wait and see if the market will go bullish through the “covid earnings” or not. And setup my Long trades thereafter.
SET is still make everyone like on a Dance floor (Hard Sideway)
SET is still in a very hard sideway and ready for the explosive Up or Down trend.
The idea is to waiting for the breakout of either way and if the retrace isn't getting back to the old sideway range. That's the real good time for the Huge $$$ :)
Yeah! What a weekley finish SET gave usWe've got a turtle soup pattern AND Friday closed with a --close to perfect-- bullish shaved top candle. And all of this went down, and changed power around the support resistance, I have been mentioning for so long, 1315.
Bullish shaved top candles, is most often followed by a smaller pullback in the next candle or coming coming candles. But it is a very bullish candlestick!
What I would put my trigger over the middle of last Thursdays large bearish candle, since the middle of large candles often offers support and resistance. And if you go into the hourly chart you will see the resistance SET will face (in the middle of the previous day's candle, 1330) although, if SET opens with a gap above the middle, 1330 will become a short-term support!
In the graph I show my 3 step play from here.
No. 1 would be to size down or sell all at the falling resistance.
No. 2 then if SET breaks through, wait for the retest (in a lower timeframe) and trade it from there.
No. 3 If it doesn't make it through the resistance, then wait for a candle pattern (lower timeframe) worth following, closer down to support level around 1315.
Trade setups No. 1-3 is done with a stop-loss because NEVER swing- or day trade without one! Well that is my simple rule :)
SET broke through the pennant bottomHello traders out there!
We can now see the full force of the bearish engulfing, the 22nd of July, I hope everyone with active SET trades has protected them, with a stop-loss, or taken out profits since then.
If the slow shielded animal (more explanation about the phrase later) won’t give protection to SET I can still see nice turning points. Mainly due to the simple fact that this run was done with so many gaps.
Investors need to get familiar with a simple fact, that gaps will get filled –sometime in the future, in some timeframe, they will most defiantly get filled.
First of all, I put some trust in 1300 (double zero) support and resistance, and if it gives up, then SET is back in in the “gap-island” support. At the bottom of the island I will also put FIB.50 and if the support from here, either, find the strength to have SET bounce back, well then I would say; “prepare for a setup that can very much mean SET will test March lows”
Finally, let’s finish this with a positive note, for all Bulls out there: can always hope for a classic turtle soup pattern, i.e. false breakout, occur and if it does then be prepared for a ride up north. breakout is almost always a strong signal to the opposite way of the breakout.
SET INDEX should it rebound?Today SET Index drops to its 50 day SMA and Fibo at 1341. If this support is strong, SET should rebound this afternoon or next week.
Yet, again I ask myself the question; where is SET going?SET has been consolidating now for a while, hope you haven’t been greedy and has taken out your short term profits, since early June.
So what happened today?
Did SET fool traders, with a false breakout, or is it simply retesting the breakout? Well, if we tomorrow get a Gap and Go, it could be a bullish ride worth to follow for, a while.
If today’s pattern of a Bearish Engulfing is confirmed by SET tomorrow, then I hope all traders out there, do use a stop-loss to protect their losses.
Happy trading!
SET : Keep eyes on RED BOX if break up/down , Follow trendSET: Keep eyes on RED BOX (1335-1380) if break up/down, Follow the trend
SET Shopping timeIt's shopping time! This week is the week of opportunity!
After COVID19 Sell on March.
MACD histogram has increase (more +) (red -> pale red)
MACD & Signal start to rise from -0 (sub zero)
This week the pattern is similar to that month.
The Different is MACD is +0
My strategy is buy any stock you like with uptrend, strong fundamental.
Dont't forget to stop loss trader.
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Major South East Asia Equity IndicesShowing year-to-date performance of the major Asia equity stock indices
SET Elliott Wave CountI hope all is doing great! I will share my Elliott Wave count with you and it can be a sign of bigger moves will be infront of us.
Even though, my primary target has been to go much further down south to close gaps SET has left behind, since the March lows. I have stated to question this, at least for the near term trend but as the wave count says, when the correction is finished with, only the future knows in which direction it will take
Here is a bullish view at SET. And how that could be played.Here is my setup for those of you who believs we are still in phase 2 and will continue up north. Have a look what happened last time SET touched ema40, will next time have the same affect? If you are a bull, then you should go for it. Very similar to my bearish setup. So its all about what you belive will happen
Here is a bearish view at SET. And how that could be played.Those who believe SET has entered phase 4, then the direction is down south. I am ready to follow the pennant flag pattern, with a target of 1230-ish, and that number coincides with the bottom of, what I call, the "covid-panic-island" which should offer some suppport so could be a good place to lock in some profits.
