SET index on the 15 min time-frameSET index on the 15 min time-frame.
Steps:
1. The price is moving in the triangle pattern and waiting for breakout.
2. Will follow an order position when the price breakout the triangle pattern.
SET trade ideas
SET index on the 15 min time-frameSET index on the 15 min time-frame.
Steps:
1. If the price will be an uptrend when the price breakout the previous high at 1495 and 1504
2. The next target price is 1543 in 1H time-frame.
3. But if this MACD (+) create the lower high then the price will moving in the sideway.
Has the air ran out from SET?After a strong bullish run, SET managed to close with bearish candle that engulfed the larger indecision candle from the trading day before.
I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs.
So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a lager correction?
Well if the 1450 support doesn't hold, the gap support and fib.618 might very well be a good area to find new buyers. Although, I personally, would feel more at ease if SET went all the way down to fib.50, to find new buyers, so investors can get a healthy northern ride, with nice slow higher highs and higher lows.
SET :1420/ 1454/1600 "Monitor RSI, MACD" SET:SET
Are we going straight away to that Peak?
A: Yes
B: No
Or C: Never know
SET General DirectionSET is aiming for 1380, then will fall down to 1100 area after a failed breakout.
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!
