After the Chinese properties and the commodities sector, the oil and gas sector is the next to follow. I have engaged in the sector, via ASL Marine. Here's my trade, done on 20 May:
Position Size: 2,000 (a comfortable position size that will let me sleep easy)
Entry Price: 0.835
SL: 0.635 (below 50% Fib retracement) (400)
TP1: 1.03 +200
TP2: 1.43 +600
Technical: Bullish MAs, bought on bullish candle closing above 10-day MA.
Key Learning pt.: Having attended Clarence's course on Sat however, I learnt it is more effective to buy when candle is entirely above. In this case, my candle was only partially above.
Key resistance: 0.93, 1.00
Key support: 0.70
Fundamentals: Oil may be reaching $100 soon
Expiry date: 19 Jun
As for Chinese properties, they have been on a rampage, but I won't be buying anytime soon. Wait for a correction, and goodness knows when it will come.
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