Can comex GOLD TRADE OVER $1300 PER OUNCE SOON ?

Today COMEX Gold HAS TRADED  AT  $ 1245 per ounce which is  a all time high level.. Indicators indicate that over $1300 level may be possible ,,  in addition to the tendency of Investors looking for safety heaven, I am not surprised at all that the GOLD price will exceed $1300 crazy level  in the next few trading days !

Keep watching the trend and looking for opportunity for Selling opportunity !!

Euro/USD still in strong downtrend

The EUR/USD is still in a very Bearish trend !

When this currency pair moves below 1.2500 level then it may open the door to severe sell down.. I would continue to look for selling opportunities as long as the pair remains below the 1.30933 high of  May 10th.2010 on Monday US Session. The  EURO 90 Billion bail out package has so far failed to impress Traders/Investors, so we should EXPECT very high volatility in the following TRADING weeks.

NO BUYERS FOR EUROS ?

EURO/USD and GBP/USD TRADING TREND UPDATE

For those who are following my trading blog, please do note the following update:

1) EURO/USD
    The pair has just drifted below the  1,2672 support level, it looks like going south towards the next level at 1,2500..Indicators all show bearish mood.

2) GBP/USD
     The pair has just drifted below the support level at 1.4777, so next level at 1.4500 may be possible. All indicators are confirming the bearish trend.

So just enjoy your trading , GOOD LUCK !(The time now is 19:15 in Beijing/Singapore, Tuesday)

CHINA YUAN 's appreciation on the Card?

Rumour is brewing that China may allow her Yuan to appreciate?  As reported, Xia Bin,an  officer from PBOC, HINTING that China may review her monetary regulation, due to her  much stronger CPI, may even appreciate in the near Future.(by 15 ,May, 2010?)
This implication ,if true, will have a strong impact not only on Asia , but both US and the battled Euro !! As TRADERS like us, all must be awake Now and pay great attention on this possibility.

Optimism on the EURO 900B bailout package has faded?

The INITIAL  optimism ON THE 900B  package has faded, as shown clearly on the FTSE and  S&P Futures ., with Investors and Traders using any rallies in the Euro as immediate opportunities to sell back into a very strong downtrend,  concerned that there  is still  uncertainty and doubtful  over the Eurozone’s ability to solve its massive debt crisis.


So  be alert and the Euro market is extremely weak and vulnerable., so the Economic disease shall spread  to the entire World markets.(all including Forex, Equity ,commodity.,Energy, Futures, ..)


And this may be the rare opportunity to make some profits for your retirements ??

Does the FREE-FALL of EURO/USD persist or IT IS STABILIZED ?

Right now the currency pair has drifted below its intraday trend line, and it may be heading South toward the next support level at 1.2672.(Asia session, 11:45 am Beijing/Singapore Time , Tuesday), Further below it may head toward the next  support level at 1.2543.

It seems that EITHER  Traders/Investors are still haven't digested the Euro Bail out  Packet of  900 B , OR  in general are doubtful on its successful implementation and effectiveness.??

I am personally thinking  that the Euro/Usd will be in aN  extremely Bearish zone in the next few days /months !!
My immediate Target  is 1.2500.

GBP/USD IN SEVERE STRESS ?

The recent UK election resulted in a HUNG parliament. The political problem looks to be continuous without a solution on sight. The GBP is in a serious blow and may head towards the 1.4500 level soon.(Now it is 1.4820, Asia session,11:02 Beijing Tuesday AM). The situation is also aggravated by the recent battled Euros . Traders who are still in selling position on the GBP/USD shall enjoy the windfall . However, we must monitor the trend line again when the level is GETTING closer to  the psychological point @1.4500.

My target limit is thus 1.4500  for GBP/USD on short terms.

For those who has no position yet on GBP/USD , I strongly recommend you to trade this Pair immediately

Day trade on Bursa KL stocks

On a good(Bullish) day, The following fundamentally strong stock can be considered for Day-Trading  on the Bursa KL stock exchange:-(TODAY PRICE):--
1) Etitech (Now @RM 0.390-0.400)
2) Scomi (@RM 0.440-0.450)
3)RCE (@RM 0.640-0.650)
4)L&G (@RM0.450-0.460)
5)JAKS(@RM0.77-0.78)
6)BJCORP(@RM1.58-1.61)
7)KNM(@RM0..53-.0.54)
8)SALCON(@0.68-0.69)
9)MBFHLD(@0.68-0.69)
10)JCY (@RM1.77-1.7811)
11)Dialog
12)E & O
13)KENCANA
14)WCT
15)FABER
16)MRCB
17)AFFIN
18)LIONIND
19)UNISEM

For Day-Trading, you must find a Security company which offers attractive and LOW brokerage, and  ALL  your trading positions are advised to be cleared on the same Trading day.

The above stocks are fundamentally strong ,, and can be kept for middle terms if you are TRAPPED by the unavoidable circumstances where you cannot clear your positions timely on the same day due to heavy losses.

Happy Trading !!

Euro 900 Billions Bailout, Can it work ?

The 900 Billions Bailout looks massive and excessive, but I personally Doubt that it can  calm the Investors Emotions and solve the economic woos of the P.I.G.S. nations.
Moreover, it took them 3 months to come out some proposal (Joint Euro/IMF ) to lighten up Greece problems!
Now it is 900 Billions of  Bailout Funds ! Can they execute it ?
The Forex Market is the Best means to gauge the confidence level  of  Both  investors/Trader .The Euro/Usd  managed to have a mild short-lived reversal from its Low to almost 1.3090 during the Monday US trading sessions,, but since then NOW it is  heading South again to almost 1.2728 in the beginning of the Asia trading sessions this morning.
The Indicators look extremely Bearish for the time being,  so we should look for more opportunities to sell down after the brief Bounce especially the stock and future markets, both Euro/US  Equity markets!!
On Forex , there are right now ample chances for you to Make your Dreams coming through !

Trade-Set-up EURO/USD (A002)

In view of the projected mild correction, Basing on the various Resistance and Fibonacci retracement  level.( taking into consideration the opening level @ 1.2729, its peak @1.3092,(intraday), we propose that you try to set up this trade, as we predict the continuation of the bearish trend ahead:-

EURO/USD
Sell short at 1.3100
Stop loss at  1.3200
open limit
Take out the trade if not triggered by  5pm Monday NY time, do not carry it over to Tuesday.

Further comment on the Trade Set-up (A001) on EURO/USD

For those who follow my Blog, may have made their profits if they key-in the Buy-Order prior to the opening of the Forex Market .  Again it depends on your Trading platform and Dealer's system.

The analysis and forecast on the Euro/USD showed  perfect correlation on the proposed set-up.The  short term bounce exceeded 175 PIPS as expected RIGHT NOW.. The trend looks STILL heading North (TOWARDS THE 1.3000), so just be patience and the predicted correction /Bouncing trend SHALL continue , be Happy to make more profit!( Now  US Pacific is SUN 19:38 PM,, and GMT is Mon 02:38.)

For the next Trading set-up, I would POST  it the moment  it is available.

I would   post New  Trading Set-up between 3:00- 4:00 GMT on normal week day.

Your comments are welcome and highly appreciated !

Proposed Trade set=up on Euro/Usd(A 001)

Trade set-up on Euro/Usd  (Note: Last close is 1.2729)
On the hourly chart on Last Friday, the Bias is positive, please refer to attachment 1.And the pivot point R2  is near 1.2760, that is near its 55D EMA.,You may countercheck the Euro/Usd CHARTS for 5M , 10M,, 15M, 1H,4H, 6H, ,(plus RSI,MACD,STOCHASTIC  and CCI ),,The Charts showed  POSITIVE BIAS  toward the end of the market closing on Friday.(may look like on short term basis)

The proposed Trade Set-up will be:-
Buy long Euro/Usd at 1.2765
Cut loss at  1.2725
Limit:  100 pips
Note: This set up is trying to capture the Short term corrective bounce.. You may use Trailing Stops to protect your profits in the process.
Attachment 1:

Outlook on EURO/USD next week

EUR/USD: Looking at the chart, (its 1H,4H, Daily and Weekly charts), its RSI and other indicators are all indicating there may be a mild corrective bounce in the short term.Eventhough we are extremely bearish on this pair on medium terms, since it is now in the oversold zone, looking like it may reduce the selling actions gradually, Next critical support will be the 2008 lows at 1.2330, so we should  expect to see a corrective bounce from where a lower top is sought out, prior to an eventual bearish resumption.

Dow-Jones indice in danger zone

Looking at the charts, even if we ignore the intraday spike low, DOW still closed below medium term trend line support yesterday. 11258.01 is confirmed to be a medium term top and we'd extend correction going forward and that should at lease send DOW towards 38.2% retracement level at 9428

Indicators Educational MATERIALS for Trading

In the next 7 days, I will provide information and some training materials WITH detailed application and interpretations free of charge on the followings :-

RSI
EMA/SMA
MACD
CCI
BOLLINGER BAND
STOCHASTIC
PARABOLIC SAR
OBV
MOMENTUM
PIVOT POINT

I do HOPE that they may assist you to trade more profitably.

How to be a DAY Trader on KL Bursa Exchange

I would propose some of you turn yourself to DAY TRADER for Bursa Shares , As I personally CONCLUDE that it may be less tedious and IT CAN generate higher probability of winning in Bursa trading.

First of all , we must look for a security company which can offer extremely low brokerage rate.(You must be able to make money even with one tick increments i.g. for shares below RM 2.60 per share) ( 0.5 cent for share below RM 1.00 and 1.0 cent for share below RM2.50.) ,( for SHARES above RM2.50, THEN WE MAY REQUIRE 2 TICK UP to make profit)

Secondly, Day trader try not to hold position in the following trading day

Thirdly, take your profits irrespective of its amount ( even a RM 10.00 PROFITS !!)

Fourthly, able to identify high momentum stocks on that days via careful observations /Studies, and this may require some hard work & experiences indeed! YOU MUST BE on-line IN REAL TIME, it is a pre-requirement to be a Day Trader.

There are many tools and information available in the internet world to assist you to trade profitably.

Wish you having a successful and profitable trading days ahead.

Trading on both Euro and Yen crosses is like riding on a Roller Coaster

Over the last week, the market presents extreme volatility which contributed plenty of opportunities as well as plenty of risk for all traders. The CBOE volality index was up 12% to 36.8, and VIX was up over 82% since Monday.

The P.I.G.S. related financial turmoil results in Euro FACING ITS WORST Crisis since its inception. FTSE and all Europe indices are in the RED seas in severe depth.

US has its own problems with slow recovery and high sustained unemployment rate, with the S & P index drifted near its psychological support level @1100, (now at 1111), all indicators are pointing south, suggesting a halt in uptrend and may reverse soon to its ugly bearish zone.

In this trying time, open your eyes, use your experiences to trade with both Forex and Stock indices can find you the First drum of gold or getting your first million in your trading .