Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving...
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Candlesticks and Fibonacci Secrets

I was quite disappointed with last Thursday's Wealth Academy Trader preview session.

Reasons:
  1. He shared more useful information at the Value Investing Seminar
  2. His focus was on the US market and on Options Trading.

Options trading is risky and not for everyone. More research and hardwork are required and these alone does not mean one will be successful. Ultimately it is your winning psychology which determines success (60%), whichever instrument you trade.


Only thing I liked was he shared his view that US is a bear market, either move down or sideways until 2011. And if rally does occur from 2012, it might last till 2016. He did not explain why. My guess is he is using the 4-year US Presidential Cycle to do his forecast.

I still stick to my Stock Market Forecast for the Next 8 Years. Understanding Market Cycle is important to determine the Equity Investment Strategy one should adopt.

Now the Secrets of Candlesticks and Fibonacci


I coined this, not him. Have you heard about the secret of number 3 and 7? I understand the stock market has a tendency to fluctuate every 3 or 7 days, months or years or multiples of that time-frame. This applies to the US market very well.

By fluctuate, I mean the trend reverses. Conrad said his experience was the market reverses on the 8th candlestick. A candlestick can represent 1 day, 1 month or any time-frame you set on the charts. And this coincides with Fibonacci numbers which is a series of numbers – 1,1,3,5,8,13....


Interesting? So next time, monitor and be extra careful when those numbers ie, 3 or 7 or multiples of these, and 8 comes!


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