What an eventful week ! With the over 500-pt drop from DJIA, it was bloody carnage everywhere. Some existing positions were closed and some new positions initiated. Here is the update for this week.
Stopped Out Long Position
It was a profitable trade for Starhub overall as I had exited half position at peak before stopped out
Stopped Out Short Position
It was a profitable trade for GBPAUD overall as I had exited half position last week
This short trade was entered earlier this week. However, the trade reversed and it was stopped out.
The following are the new trades initiated.
This short postion was initiated using the trendline break. Had exited half during the gap down.
Sembcorp Industries Ltd
This short postion was also initiated using the trendline break. Had also exited half during the gap down.
Initiated short position using trend break
Singapore Tech Engineering
Also initiated short position using trend break
For the rest, SP Corp long position is still open. The USDCHF, Jacobs Engineering Group Inc and Metlife Inc short position are stilling running. Seems like the bears are in control at this moment.
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