Good Friday and Happy Easter Sunday!

I hope you all have a wonderful weekend with your family and Easter egg hunting with the kids.

By the way, markets are a little quiet, so don’t try to force out Easter Eggs from there now.

Lots of easter events happening around the island, like at Jurong Bird Park, Discovery Centre, Sentosa Universal Studios Singapore and many more!

If you would like to find out more about how you can spend less time trading and more time with family, TradersGPS can help you!

Find out more here!

STI

Trapped in a tight range for now, broad uptrend losing momentum.

Manage your long positions.

The market is pausing for the moment, while it sorts out the concerns swirling the recent US actions against Syria and any potential escaltion of conflict with North Korea.

STI holding in the range

Hi-P

Be patient and follow system.

Hi-P be patient and follow system

GLP

GLP is making new highs and formed another arrow recently.

However buying at current prices don’t seem wise.

Price is awaiting the board’s decision for the winning bid.

With so many interested parties, a bidding war is possible and would be very good those holding GLP shares.

Good luck all who are riding this!

GLP is still moving!

OCBC

Consolidating against the highs, good sign of strength.

Be patient and follow system.

OCBC consolidating against the highs

Cordlife

This is the reason we observe volume.

There was no follow through and we have fallen back down again, completely reversing the large bullish candle.

The article which highlighted the need for volume is in this post here.

So we stop following this counter for now unless it gains interest again.

Cordlife no volume to back up the trigger, we skipped this trade.

OUE

Out with a small loss of 5% on a small position.

Well managed trade!

More money freed up to enter the gems which are getting ready to move!

OUE well managed trade!

M1

M1’s candles have turned red, so follow system and exit if need be.

M1 candles turned red, follow rules!

TSM

Full position on and seems like it’s losing momentum, I don’t like it.

No harm lightening up on the positions if you’re not comfortable to hold this as well.

With 3 triggers so close together, the expectation is that price will move our way more quickly.

If it doesn’t then we need to acknowledge that we could be on the wrong side of the market this time.

So taking steps to protect your capital is ok.

Just be conscious of the decisions you make and be at peace with the results.

TSM not showing much momentum right now.

Have a great weekend, enjoy Easter Sunday!

Would you like to find out how you can spend less time trading and more time with your family?

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Good trading folks!

The post Good Friday And Happy Easter Sunday! appeared first on The Systematic Trader | Trading Courses | Collin Seow.