Monday, 10 December 2012

DecWk2 - Pre-Market Anticipation

It's definitely gonna be an interesting night for me. When the US market opens later at 10.30pm SG time. I am hoping for a good run up tonight. :)

The ichimoku indicators have shown the trends and it is going up. It is a good sign. There is definitely gonna be a huge candlestick for sure. I am just waiting for the bullish signal to be stronger.

That said, I am going to take my "easy way out" strategy and sell one spread nearer to the current price. I realise that this strategy can only apply if there is a consecutive bull run of at least two trading days and at least a buffer or spike of at least +4-5 USD.

If you are following my trades, you will realise that my strategy is roughly very simplistic and amateurish. The important thing for me is a safe trade. Capital preservation is most important. Everything else is just persuasive.

Monday market opens in 30 minutes folks! Get ready.

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