I posted a big picture analysis and suggested a linkage to the USDJPY blog posting
— TerraSeeds FX Tflow® (@terraseeds) July 29, 2013
Attaching USDSGD chart again, you can see that the big picture analysis was similar to what happened to USDJPY. Therefore, key question now is whether we have a lower high to suggest a trend reversal.
Continuing this post on 8 Aug 5.05pm
I remembered making a post on USDSGD but didn’t really have the time to complete it. Well, I think not finding time is an excuse, but really, the constipated movement is making everyone sick and tired, including myself. I wanted to shout and tell everyone, that hey, market has ups and downs, trading has ups and downs. I been through this cycle many times, but every time, please learn from it and evolve stronger.
As I said in above chart, we are not too sure at that time of posting whether USDSGD is a trend continuation or showing trend reversal. Most important is to see if a lower high is formed. This trend analysis is similar to the one I posted on USDJPY
Have to ‘brag’ on the USDSGD trade.
1. If you note my tweet, I was bearish, because my tweet said “heading lower”
2. During 4M class 30 July, I already told the class that we are looking for a WRMB and how they should play it
3. When I don’t remind, you forgot, or you don’t remind me. Luckily @kevinchinfx remembered and this effort paid off for him. See his tweet to me and my reply to him
@KevinChinfx yes but still some support near to currently price there movement likely choppy
— TerraSeeds FX Tflow® (@terraseeds) August 6, 2013
Of course, the outcome is as predicted. We are looking at a slow 80 pips gain now.
What is 80 pips?
80 pips on 1 mini = $80 = 2 sessions of 4M classes
80 pips on 1 standard = $800 = 150 packets of potato chips
80 pips on 2 standards = $1600 = one week salary And profit will be in SGD. Not a bad thing.
$usdsgd waited for 2 wks since i last mentioned in 4M 2 wks ago. immediate S 1.2590-1.2600 12550 12500 :) this is a WRMB trade
— TerraSeeds FX Tflow® (@terraseeds) August 8, 2013