SET trade ideas
SET INDEX (SIDEAWAY DOWN)SIDEAWAY DOWN
NEGATIVE
- POLITICAL IN THAILAND
- COVID-19 (WORLD)
SUPPORT : 1175 / 1150 (GAP)
Set Continue Sideways downAs i mention before that we are going to hell and the Financial crisis are on the reach we still have time to cut loss today.
As you can see The yellow line still are on down trend everytime set want to break out it's fail as i mention in blue circle.
Now the it's clear that 1250 not support anymore and it's may continue down to at least 1200- 1180
But be careful set must not close gap at 1169 if it go that you might prepare for a fire sale like the covid crisis
In my opinion short position are still strong you can buy it today this day set might rebound so be careful all trader
SET, Thailand seems promising & might continue rebounding?To close at 1267 (about 38.2% Retracement) seems promising in a short run, however, when Index faces with a resistance area and also a upper limit of downtrend channel, it shows a sign of weakness by a bearish candlestick.
The last two candlestick in Tf day are also a bearish engulfing.
But shall it rebound a little bit to widen in downside?
What is SET thinking ?Dear investors, this is a question I have had for a long time.
Will the Covid Panic Island powers be too strong and force the price index lower or have the market collected strength from half a year of knowledge?
Sorry to say to all SET investors, I don’t think it has and am more bearish now for than I was in the middle of March.
We’ll see if 1200 will be strong enough or if SET wants to close the 1150 gap, and how long down south the 4th phase trend will take the index.
Kin Khao Yang ?Sawadee Khrup !
Did you hear about the half a century old soup in Bangkok ? This is mind-blowing and truly amazing.....
Listen to what the owner said - we keep tasting and there is no recipe. Search online for videos and you can see how good the business is with throngs of customers awaiting...Too bad, I am a vegetarian else I would love to try it some time.
Has this soup got anything to do with investing ? Imo, it is very much the same. You build on what you have established.
Like the SET index, it consists of many companies like Berli Jucker, Bangkok Bank, Minor Intl, etc
So, we as investor are like operating a conglomerate with diversified businesses across different industry verticals and countries as well.
It does not matter if you own 10,000 or 100 shares of that company. The purpose of creating a hierachy like this is to give you the ownership and helps you to track your performance. It is visually clear if you are over-concentrating in one sector or country so that you can do your adjustment (like tasting the soup daily).
You can also add in the ROI that these companies that you owned thus far so you can track your performances. Use the 80/20 Pareto principle, it is powerful and help you to weed out the loss making accounts. Feel free to use different color codes to make it personalised. Print it out and carry with you, feeling good and happy about your own success.
To your success - let's drink up (the soup, i mean)
SET's next Big resistance .... or will it turn into a support :)As SET has been unable to go past north of the falling channel resistance. Be ready for more on the downside. I am still waiting for a long-term signal to open up any Long trades. Am now waiting for the 1250 to have its saying, although do not believe it will hold.
If SET doesn't manage to keep from going through the long-term support and resistance, with force....i.e. no false breakout.... then I think it will hit the bottom of the channel, will see if it does that before 1200 support has said what it want to say/
Since 1250 has several times before managed to turn the psychology of SET, I am open for everything BUT as long as, the trend points down south, that's in the direction I will Put and Short my trades.
Happy trading all! And never forget your stop-loss!
Set with corretive wave formation SET is still in the progress of corrective wave formation in form of Tripple Three WXYZ.
SET Correction is in playSET daily chart still in correction mode.
Wait and See before the next impulse move.
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.
