Stocks
The market has no clear direction of a trend for June. After the stock market came down in May due to the debts in Europe, it was time for a rebound and I bought 2 contracts. 1 in Singapore and 1 in Hong Kong. However, this rebound is a small one and in technical terms, many of the stocks were not able to even reach the previous high. It seems to suggest the market is starting to trend downwards. I would be looking for opportunities to short for the coming months. Below is the results for Jun and you can enlarge by clicking the picture.
PS: I will not be posting every trade that I made, as feedback by readers who do not trade. I will be more selective but the monthly report such as this will continue.
Forex
I confess the problem of overtrading is into me again. Strictly speaking, I was following rules only for the AUD/USD pair. The USD/CAD pair was lucky to turn into a profit. It was a good month for forex last month due to the Europe crisis, but it hit bottom and rebounded, and market reverses. USD was having an inverse relationship with the stock market; USD rises with falling stock prices. Hence, since I was taking long positions on stocks, I should not have continued to long USD too. I also learned that I was able to catch the falling Euro with Forex but my stock trading was too slow to indicate a signal to short the stock market at the same time in the last month. It is 2 different timeframes that I was looking at. But I reckon that I can use the analysis from my stock system to indicate if it is a turning point for forex pairs. Based on my bearish perspective for stocks, it may suggest that USD is going to rise again.
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