Saturday, October 19, 2013

Oct 19 - WATCH: The Biggest Scam in the History of Mankind

Hi all.

If u haven't notice the dark secret of this world we're living in, the extent of manipulation in our global economies, markets, or each & every soul on this world...

"Money doesn't grow on trees"...
Then, where did it come from?
What is Money?

If you realize you don't really know much about the notes u count in your day-to-day routine activities, get yourself educated here.

This is the beauty of technology, easier access of information to more people in this world, within a much much shorter time... YouTube, Facebook, Google...Use them wisely to learn more, not just peeping into ur fren's profile pic or recent activities...

This is a good video to start with, in fact, one that's the most extensive explanation on the topic of "money/debt" that I've seen on YouTube, thus far.

Follow the post on my Page:

Enjoy ur weekend!! Get educated!! :) :)

Thursday, October 17, 2013

Oct 17 (@10:20am) - US DEFAULT AVERTED !


An 11th-hour Debt Deal has been reached!

US DEFAULT AVERTED!! (that's how most mainstream media headline reads....)


=What's In The Bi-Partisan Deal=
  1. The deal would finance the federal government until Jan 15, keeping “sequester” spending levels — something McConnell said was a “top priority” for Republicans.
  2. The borrowing limit would be raised until Feb 7, from a ceiling that was expected to be reached on Thursday (Oct 17).
  3. Lawmakers will also be required by Dec 13 to hammer out a long-term budget plan.
Read more here.


Why am i not surprise??....lolx!
I smell more of a sell-on-news sentiment in the immediate market reaction worldwide, running indices & indices futures alike...
Let's see how the ball rolls from here... keep an 'open' mind!

Cheers! ^_^


Wednesday, October 16, 2013

Education Series - Basic Technical Indicators

Hi All.

I have compiled some slides on the common & basic Technical Indicators that most traders will use on their charts.
Of course, there are like tonnes of other indicators out there, including various customized indicators with fancy names which I can't really remember.
Just bear in mind that, technical indicators available does not limit to those I mentioned in the slides. But, chances are you'll find those common ones more useful than the others, given their popularity & accessibility (easily available in most charting platforms)... :)


On another note, I've plan to focus on my many other tasks on-hand & get them done by year-end.
I would likely not going to post the usual weekend long posts starting from now till end-2013.

Do catch my updates on the FB Page >> My.Trading.Space.
Once a while, I might just drop by with some updates over there. :)

In the mean time,

Wish All Happy Trading throughout 4Q'13!
Take advantage on the Year-End Rally to make some angpau money for the coming CNY 2014!! :p

Cheers! ^_^

Sunday, October 13, 2013

Oct 07-11 - FKLI, Dow, FCPO, GOLD (Closing week2)

Hi All.

A quick one for this week's market summary.

A few days back, did up a quick analysis on DOW (as of Oct09 close), on how the US market fared under the current political gridlock on Debt Ceiling, & the on-going Government Shutdown.

Looks like Dow is threatening to weaken further as it breached through the mid-channel line of the long-term channel supporting its Sub-prime recovery rally.
I expected a quick test on 14,900-15,00 level, & it totally shot past this level with the massve 300+pts rally on Thursday (Oct10), & another 100+pts on Friday (Oct11), before US markets close for a -day weekend. Monday (Oct14) is Columbus Day.

Watch the long-term channel on DOW (Weekly@Oct 09, 2013)


Compared to the massive plunge of near 1000pts on DOW on the shutdown & debt ceiling fear, FKLI only totaled about 40pts in its recent correctional move.

I'm tired of the lack of movement, basically nothing much to update on the technical outlook.
I'm keeping to my bearish bias, as long as FKLI stays below 1,800 mark, or below the line that connects all the recent peaks above 1,800 level, since May06.
Also, as long as there's no debt deal in US, the volatility will continue on the Dow, & should to a certain extent affects out FKLI, too, albeit most likely to a smaller scale of volatility.
FKLI - Price+Technical+Macroeconomics (Oct 11, 2013)


CPO did a massive bounce, following my post/alert that it has been able to stand above 2,300 level throughout the Sept30-Oct04 trading week.

My immediate upside target was 2,390-2,400.
CPO hit 2,395 high on Friday & closed the week on a slightly weaker note at 2,380.

In the coming week, expect pullback for the nice bounce from 2,264 low to 2,395 high made this week.
Watch the now turned-support 2,330-2,340 band....
If it holds, we will have a chance to re-challenging the 2,400 mark.
If the test fails, brace for another visit to the lower channel (the 1-year sideways channel) region, & yet another potential test on the crucial 2,200 level, agaiinnn~~.

Let's hope the 2,330-2,340 support level holds then, then we might just have the slightest chance to move out of the 1-year massive sideways channel that's making each & every CPO trader trumping on their feet thus far.
If you are not one of us that's swearing & waning on the CPO market over the past year, i give u a thumb's up here!!  lolxxx~~~~~~~
FCPO - watch 2,330-2,340 level as pullback starts... (Oct 11, 2013)

I'm too tied up with other stuff, no time for GOLD.
This is GOLD as of Oct04 close, last week. I was highlighting the crucial 1,280-1,300 support band.

That has been broken on Friday, due to a massive sell order done @8:42-8:43am US Eastern Time.

Ermm...brief trading halt, & the fact that the breach happened over a 1-minute window, on the chart, a breach is a breach.

Immediate support comes in at 1,260 region, which proves holding as of Friday's close.
We might get a bounce back to retest the 1,280-1,300 now turned-resistance level, just to prove that it's genuinely breached....Yup, that's how market works, really!!....lolx~...^_^''

GOLD - As of Oct11 close, breached 1,280-1,300 support. (chart as of Oct04 close)
Of coz, the on-going Debt Ceiling Saga will have its impact on GOLD too.

I'm thinking we might have a brief relief rally if the ceiling is raised, or a deal is reached...
But, essentially, market will realize its not exactly a good thing to do, keep on raising the overhead ceiling & accommodate more & more debt >> I believe Moody's / Standard & Poor will agree with me, too.

I reckon US treasury yield may continue to rise on a debt ceiling raise...given that now investors are getting more & more doubtful of Uncle Sam's pocket size....which seems to be bottomless, or izzit??...hehehe... :p :p


For the weekend viewing pleasure, I found a detailed, yet simple, explanatory video clip on "How the Economic Machine Works"...

Narrator explains while simple illustrations to represent the complex economic chains are used to give a basic understanding on the topic.

Fantastic work! Wish I watched this 2-3years back, when I was dwelling into the 'Economic world', reading boring text to get a grasp on what the ... is Economics...lolx~~

Enjoy the watch!! :)
Happy Hunting in the coming week! Enjoy the weekend! \(^_^)/

Wednesday, October 9, 2013

Oct 09 - The DOW (weekly) - amid the shutdown & debt ceiling chaos

Hi All.

Re-post here...
Took a look at the Dow, which has suffered serious fall since late-Sept...
This fall has been accelerating under the current on-going government shutdown uncertainties, & debt ceiling negotiation gridlock in Capitol Hill.

It's definitely not looking good now on Dow.
If it fails to get back above the 14,900-15,000 support-turn-resistance band soon, we will likely see further plunge to 14,550-14,750, or even lower to challenge the 14,000 psychological mark.

If Dow fails, most likely regional major indices will follow suit.
Especially, our beloved KLCI index/FKLI futures, which has been on an obvious 'supporting-mechanism' in recent action.

Of course, tonight's nomination of Fed's next chairman, current Fed vice-chair lady, Janet Yellen, after Bernanke leave office in January2014, might help support the market a little tonight, as Yellen had been playing a key support role in running the most accommodatve monetary policy on Fed/US's history.
The nomination announcement by Obama will be on tonight at 2am (or 3am??, US eastern time).

Dow opened to modest gain, but the gains are fading as of writing.
Yellen will be a short-live boost, the underlying theme will still be the shutdown & debt gridlock in Washington.


Saturday, October 5, 2013

Sept 30-Oct 04 - FKLI, FCPO & GOLD (Closing Oct'13 Week1)

Hi All.

Here's some comments for the first week of trading in October month.


It's really just been consolidating to the upside throughout the whole boorrrinnnggg week.
Initially, Im expecting an abc triangle correction, then continuing the fall since 1,803 latest peak.
But by Wednesday close, its obvious that the 4th small up-wave is developing. Readjusted my lines & saw a possible Bear Flag/Rising Wedge forming.
Some simple projection suggesting a possible break above the immediate 1,780 resistance shall my Bear Flag theory is right. Based on my analysis, I then planned for averaging a short somewhere around 1,782. 
And, I've gotten in at 1,782 on Friday afternoon. That leaves my average Short positions @ around 1,773-75 region.

I'm expecting the 'real deal' breakout to happen on the coming Monday, or the ensuing week.
I'm in desperate need of a solid confirmation to tell me if I'm right or wrong, as the Oct17 US debt ceiling deadline draws closer & volatility in the US market on a rise recently.
Also, I hope to clear off my Short positions by end-Oct. As Nov & Dec are seasonally bullish months on FKLI, in tandem with the year-end rally.

I've heard many comments against my bearish stance...Some say its an inverted H&S on the hourly, that 1,780 is the neckline & a breakout has occurred by Friday's close...etc.
I love this kinda conflict situation, because its a good training ground for my faith in my setups/analysis, also my trading psychology - ability to follow your plan in spite of thundering & distracting noises around you.
Well, I have my plan, which is based on the bear flag formation I observed. Shall my bear flag turned out to be wrong, I will exit my shorts according to my 'exit plan'. Period.

If there's anything I hope for, it will be a solid confirmation from FKLI in the coming week...Let's hope it doesn't continue consolidating!!~~~

FKLI - My Bear Flag theory hasn't fail me just yet... (Oct 04, 2013)


=On CPO=

CPO is on a silently-killing downward consolidation movement recently...which has lasted for 2weeks till end-Sept.
Early-Oct saw a slight glimpse of light at the end of the tunnel, as price successfully stand on the 2,300 mark, consecutively, over the last 5 trading days.

However, the Bulls' aren't all committed yet to bring price higher...
As of now, its a mere change from downward consolidation, to a flat range consolidation oscillating around the mid-range 2,300 level.

A quick examine on the daily chart confirms my previous comments on my page update...
And that, A convinced break above the 2,330-2,340 resistance band, also where the daily mid-band currently lies, will be the next mission for early Bulls to convince more fellow Bulls to join in the Long-party.... :-)

Me, myself, will be one of the more-conservative bulls who are waiting to jump into the party pool when price beats the mid-band resistance... ;-) ... hehehe*~*~

Near-term concern for CPO price will still be:
  • fluctuating USDMYR fx rate, due to QE Tapering uncertainties
  • seasonally lower export demand towards year-end due to cold weather in the Northern hemisphere (CPO solidifies in winter, rendered it unusable).
  • Inventory level usually starts to build-up towards year-end, into Mar-Apr of the following year.
Also, the coming Thursday, Oct 10, MPOB Sept'13 data due for release.

FCPO - Still weak unless break above 2,330-2,340 Resistance Band (Oct 04, 2013)



Had a fantastic Short that yields a $225 profit over a day's effort.
That's about all I can shout about for the whole week of trading...din touch much on FKLI, which was in total consolidation mode; CPO, too, not suggesting an obvious direction to trade...

Underlying technical outlook for GOLD hasn't changed much since I last updated on my page.
Overall, its still Bearish, ever since failing the back-test of 1,360-70 resistance post-FOMC spike. 

The uncertainties over the US govt shutdown, looming debt ceiling limit, has probably helped supporting GOLD price above the temporary floor of 1,280-1,300.
All news aside, shall the 1,280-1,300 support band failed in any event, we are looking at a re-challenge of previous major pivot low near 1,180-1,200 region.

Expect volatility to be on a rise though, given GOLD's safe-haven role amid such amount of economic uncertainties.
All in all, trade with eyes wide open!!~~ :p 

GOLD - Still in Bearish Mode: 1,280-1,300 temporary support (Oct 04, 2013)


If u haven't notice, the US government has been on a partial shutdown for 4days since Oct 01, 2013.

Here's the 6-Must-See Charts on how the shutdown has jolted market fear gauges, focusing on Bond, CDS, the VIX (volatility index) aka Fear Index, Gold & Dollar...

Live-streaming News Headlines on US Government Shutdown showdown:

The political wrestle between Democrats & Republican leaders on the Debt Ceiling:

& many more...just Google "US government shutdown"....


On another note, 

I might have mentioned this report somewhere in my older blog posts, but would like to highlight it again for newcomers. Those who have read it, read again, to reaffirm your current level & check back on your progress plan towards the next level! 

Here's the Kirk Report sharing on the "5 Steps to Becoming A Trader".

Enjoy your weekend read! Cheers!! :)

Tuesday, October 1, 2013

October 01 - On US Government ShutDown

Hi All.

US govt begins its partial shutdown at 12:01noon M'sian time today.
The last time US govt shutdown was 17years ago, twice during 1995-96, Clinton-era.

The shutdown is just a prelude, to a potential US Technical Default, as contingency funding from US Treasury can last the govt running till October17 only...
Shall there be no agreement reached by US Congress, between NOW & Oct17, we are looking into a potential Default situation, first time in global history!...that will be one word >> havoc!

Follow my Page update for more details...



Safe Hunting!! ~*~ ^_^ ~*~

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