sweet dream 08.

sweet dream 08. I will miss a lot of movement this year yang giler2 hehehe susah nak jumpe kot volatility mcm bulan 9 10 ari tu mmg giler la ehhe..

by the way i would like to say a million thanks to my blog follower yg sudi membaca dan juga nasihat2 yng membina dari kawan2.

to all chartist and trader are you ready to rawk the market in 2009 ehhee.. in my opinion 2009 its hard to expect.. better play safe. If we expect all the major is Bearish stick with short. Becarefull with big big pull back and retracement. 2009 can be suffer season for market specially in stock and index. But forex still as usual ... breakaway ,correction, breakaway, correction just that ehehe.

early next year mebbi i will start active to give my opinion through offline or market kedai kopi.. but blogging still blogging. I will start to give my consultation to the beginer2 and newbie. Hope u all sudi belaja dengan saya .. eheh..

ok la good luck semua.. let rawk with 2009..


age is just a number la bro ahahaha.. kan "stardust" kan ;)

silence at the edge of market

Heyya ( ouch who always using this ) haha nevermind. so hows going on.. sory to all my fellow for a being time this blog is "sepi" hehe. by the way.. i think dat im silence in a right time. Usually end of the year market unstable so its good if i stay away from market.

One month i just watched and preview back the movement.. erm in my opinion yeah its unstable but the movement is like not inside the correction. Each breakout will take 50 - 100 sumtimes 200 pip. Owh thats good if i trade but im quite afraid because last year December ever grab my happyness, so for now i beware with black december hahaha.. Last year movement to many false breakout trap the breakout chartist like me.. so what should i do.. ehhe just see my money flying haha.

InsyaAllah if next week or early Jan i will post again about my Technical and opinion. :)

Cya happy new year kea.. take care and enjoy.

fill the boring slot.

Hi huhu just woke up from slept , i lay down on my bed yesterday around 6.30 am huhu.. so how your performance this week.. hope fully u get an extra bonuses from the market and enjoy the week days ehehe. Last sleep ive got a weird dream.. in that dream coming ones wizard wearing black wizard coat with wizard hat and come to me, he didnt say anything but that wizard just smile to me ahah fuck.

then when i started with say hi, who are you.. he said im market wizard haha, then i shock for a while huh what market wizard?, then he ask.. now what pair you want me create a movement huhu i just think this is nonsense.. i shit on him ... i said go to hell .. but he said its up to you haha.. then he said again please give him one chance..

then i said ok la ok la.. now i want GBP JPY drop until 120.00.. and i want sell 2 standart lot.. the wizard say ok no problem.. but give him a few times while i try to set the order.. current price is 134 i think ehhe..

then a few minute later i see a movement.. the wizard show the wizard stick on my monitor hahahaha.. and the price free fall fak.. its really makes me crazy.. price free fall just in 30 min.. and hit my tp.. dem u know how many dollar i won.. 28k usd hahaha.. i regret.. if i know that wizard able to move the market i will sell the maximum lot and unit hahaha.. im really happy.. then suddenyly the wizard dissappear..

and i woke up from my sleep.. owh damm its just a dream hahahaha

bye bye market wizard :(

Gold Prices Rally in a Move to Safety

Gold prices rallied as safe-haven buying amid broader global market worries sent the metal briefly past $800 an ounce.

The move higher gained support from participants buying back positions to cover "short" bets that prices would fall. Traders and investors also added fresh long positions that anticipate further price increases in the wake of Thursday's expiration of December gold options.

Support after option expiration "left shorts scrambling to cover, adding to a jump in investment demand," said George Gero, vice president with RBC Capital Markets Global Futures.

The price of the thinly traded nearby November gold contract rose $43.10, or more than 5.8%, to settle at $791.70 an ounce on the Comex division of the New York Mercantile Exchange.

The price of the most-active December contract also rose $43.10, settling at $791.80 an ounce. In pit-trading hours, the contract hit as high as $801.90, then moved as high as $802.80 in afterhours electronic trading.

Although the safe-haven buying picked up from the muted levels of late, the rally may prove fragile as there is the potential for profit-taking going into the Thanksgiving holiday.

Prices may "crumble" next week if some measure of calm returns to financial markets, said Sterling Smith, vice president with FuturesOne.

Oil Prices May Fall Further

2:50

Sean Brodrick, natural resources analyst at Moneyandmarkets.com, explains why more bad economic news could depress oil prices further. He also discusses what traders can expect from OPEC's upcoming meeting.

"My gut feeling is it's probably going to fade," said Michael Gross, broker and futures analyst with OptionSellers.com.

Much of Friday's rally in gold came as participants fled to the metal amid "wider financial infrastructure concerns," Mr. Smith said.

Gold benefited as participants looked for a store of value while they fear a "general economic meltdown" and worry about Citigroup Inc., said Zachary Oxman, senior trader with Wisdom Financial. "I think people are looking for a place to hoard money," Mr. Oxman said.

Executives at Citigroup, faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant.

Gold also gained momentum when rising prices triggered preplaced buy orders.

An options contract conveys the right -- while futures contracts are obligations -- to buy or sell a commodity or equity at a certain price in the future.

In other commodity markets:

COTTON: Prices rose 4.7%, as the aggressive selling that plagued the market earlier in the week dissipated. Cotton also rose on news that most of the deliveries made against the December contract on the first day of the delivery cycle were accepted by an end-user, a bullish sign. The price of the December contract rose 1.35 cents to settle at 40.99 cents a pound

againts the trend , back to the trend..

GBPJPY wave 5

Here they come, i believe GJ has end the correction and try to perform wave 5 to complete the 5 wave sequence. Just follow the trend, it could be falling down until reach 132.56 - 61.8 fibonacci ratio for wave 5 forecasting.

Enjoy the trade, enjoy the breakout.

By the way for GU yesterday im really sorry because obviously im miss look with resistance rejected, it was a bull trap actually.

Warmest regard
yaqen

art of correction

up up up

United State Economic Focus - How Obama Can Fix the Economy

I'm mystified by all the hand-wringing about what a terrible time it is to be a new U.S. president.

Think of the presidents who have been judged by history to be truly great -- Abraham Lincoln, Franklin Roosevelt, George Washington -- and they've all served in times of crisis. But imagine what it would be like to be president when the crisis first unfolds, such as Herbert Hoover or now George Bush.

After all, the electorate wouldn't be clamoring for change if everything were great, if easy credit remained there for the asking, stocks were hitting new all-time highs and speculators were still flipping Las Vegas condos. Crisis provides the political cover for undertakings that would otherwise be unthinkable.

Among other boons, for the time being we can forget about the deficit, because one thing we know from the Great Depression and Keynesian economics is that in crises like this the government has to get out there and spend. World War II produced the biggest deficits as a percentage of gross domestic product in U.S. history -- and an end to the Depression. There will be time to balance the budget later.

With that in mind, here are my prescriptions for the economic crisis, were I stepping into the White House.

• Shoring up the banking and financial system must take first priority. Confidence, which eroded steadily after the demise of Bear Stearns, must be restored. We learned from the disaster at AIG that you can't build a moat around the big banks and call it a day.

The non-bank participants in the global financial system are just as important, since the chain is only as strong as its weakest link. This means providing capital and liquidity to insurance companies and industrial finance arms like GMAC and GE Capital in return for preferred stock and ownership stakes where appropriate. These should be good investments, since so much of the crisis is psychological, and values will rebound when confidence is restored.

• The U.S. needs a comprehensive policy for faltering industrial concerns, probably starting with the auto industry.

This can't be another case-by-case, ad hoc approach that arbitrarily favors some companies deemed too big to fail while consigning others to bankruptcy court. I favor the Warren Buffett approach: preferred shares that pay interest and warrants to acquire an equity stake at an attractive price. In fact, I might even ask Mr. Buffett to step up to this task. This can't be a bailout of private-equity firms or existing shareholders. Someone in the Treasury will have to start thinking like a distressed-asset manager, since he or she will be managing the taxpayers' money to earn a profit and will have to make tough-minded decisions about which investments are likely to pay off and which aren't.

Will this be branded "socialism?" Not if the U.S. consistently manages its stakes as though it had a fiduciary duty to taxpayers, as opposed to management, labor, and other interests. The U.S. should be as tough on these companies as any private-equity firm, do what it takes to turn them around for the long term, and then get out, hopefully at a profit.

• Another lesson from the Depression is that spending on infrastructure helps, and can also be an excellent long-term investment. China just unveiled a $586 billion program that includes spending for airports, rail lines and highways, housing and other programs. These should raise quality of life, enhance productivity, and provide an economic boost. There's no shortage of similar needs in the U.S.

If I'd just been elected on a promise to reduce dependence on foreign oil, I'd pour money into public transportation, including links between airports and central city transportation hubs. (I'd like to make a personal plea for an efficient rail line between New York's Kennedy airport and Midtown.) And I'd invest in education and the arts, which will be starving for new facilities given soaring state and municipal deficits. I would certainly not be investing in bridges to nowhere, which is why this program has to be run from the White House, not Congress.

• I'd end compensation for failure. I'd legislatively ban employment contracts that call for huge severance payments without regard to performance. And I'd make prosecuting those guilty of fraud a top priority. When the government injects capital and takes a stake, I'd oust incumbent management unless there was a compelling reason not to. But I wouldn't cap pay for success, including at big banks. This country needs incentives for the ingenuity, hard work, good judgment and experience that have made it great, now more than ever. I don't begrudge Obama adviser Eric Schmidt at Google his billions; I wish we had more Googles, creating jobs and wealth and a product that benefits everyone.
• As president, I'd be the spokesman-in-chief. Transparency is essential. People have to understand what steps are being taken and why. They have to understand how the U.S. can afford all this, and how their tax money is being invested in our future rather than spent on useless pork. I'd be out talking and listening in the offices, the factories, the farms of America, not huddled in the White House.

I realize all this is easy for me to say. I'm not a politician, and I don't envy anyone the rigors of a national campaign or the prospect of negotiating with Congress. But I think this is a great time to be president of the U.S., and if I were Barack Obama, I'd be seizing the historic opportunity that has just been handed me.

petikan dari wallstreet journal.

Euro Rises on Dollar, Yen

Risk-sensitive currency pairs advanced on a rise in U.S. stocks, despite a bruising U.S. employment report.

The euro and British pound rose to intraday highs against the dollar, while the dollar and euro did the same against the yen, as the Dow Jones Industrial Average gained about 250 points.

The dollar's and yen's rivals have been tracking stock markets recently, instead of following interest-rate expectations as in the past. Any spike in risk encourages traders to unwind bets that were funded with borrowed dollars -- the reserve currency of the world -- or yen, which had been the cheapest major currency. But when stocks rise, traders extend those bets.

Friday afternoon in New York, the euro was at $1.2763 from $1.2685 late Thursday, while the dollar was at 98.31 yen from 97.75 yen. The U.K. pound was at $1.5672 from $1.5618, and the dollar was at 1.1770 Swiss francs from 1.1794 francs Thursday.

The Labor Department reported payrolls fell by 240,000 in October -- larger than the consensus expected, but less than many analysts considered over the past days -- and the unemployment rate rose to a 14-year high.

"There was so much bad news in the last couple of days, which meant the consensus was kind of out of date," said Jens Nordvig, a currency strategist at Goldman Sachs in New York.

Recent disappointing economic reports included the U.S. Institute for Supply Management's manufacturing and service-sector reports, weekly jobless claims and consumer-spending data.

With traders prepared for the worst, the dollar only briefly gained against the euro and pound, and fell against the yen, before turning around. "Essentially, the currency markets have not really reacted to this [payrolls] data," said David Powell, currency strategist at Bank of America in London.

However, struggling economic conditions should keep the dollar and yen supported, analysts say.

"In this risk-averse environment, we suspect that the dollar and yen will continue to benefit from a shift away from emerging markets," said Nick Bennenbroek, head of currency strategy at Wells Fargo in New York.

Grim Jobs Data Pressures Dollar

The U.S. dollar declined Friday after the Labor Department said more jobs were lost in October than forecast, indicating continued pain for the economy.

The dollar index, a measure of the greenback against a trade-weighted basket of six currencies, fell to 85.826 from 86.280 in late trading Thursday.

The economy lost 240,000 jobs last month, more than the 210,000 estimated by economists surveyed by MarketWatch. September payrolls were also revised downward. The unemployment rate rose to 6.5%, highest in 14 years. Economists expected it to rise to 6.3% from 6.1%.

The euro rose to $1.2758, up from $1.2677. The British pound rebounded to $1.5703 against the dollar from $1.5530.

"The economy is likely to continue on a deteriorating path," said Christopher Sullivan, chief investment officer at United Nations Federal Credit Union. "I don't think anyone has a good idea of when a recovery might materialize."

That's likely to prompt the Federal Reserve to lower its target interest rate from 1% this year, , reducing the appeal of low-yielding dollar-based assets, he said.

The pound and euro sank Thursday after the Bank of England and the European Central Bank cut interest rates. The BOE Monetary Policy Committee slashed its benchmark by an unexpected and unprecedented 1.5 percentage points to 3%. The ECB dropped its key rate by a half point to 3.25%.

The dollar was buying 98.03 yen, versus 97.43 late Thursday.

The yen was the ultimate beneficiary of financial turmoil and surging risk aversion, soaring in October as investors stampeded out of once-popular carry trades. Such strategies are based on borrowing in low-yielding currencies, such as the yen, and using the proceeds to buy assets denominated in higher-yielding currencies.

The dollar has also been a beneficiary of rising risk aversion. Massive global deleveraging and repatriation of dollars from overseas and safe-haven flows served to boost the greenback in October.

Since the start of the month, a modest return of risk appetite had seen the yen and dollar retreat slightly from October's big gains.

But with equity markets falling Wednesday and Thursday, the sustainability of the risk-appetite revival appears questionable, analysts said.

In particular, the weak finish by U.K. and European equities in the wake of rate cuts by the Bank of England, the ECB and other European central banks "suggests that higher-yielding and emerging market currencies along with the euro and sterling are now vulnerable to renewed declines against the U.S. dollar," wrote strategists at BNP Paribas.

GBPUSD head and shoulder

GBPUSD 1 hour time frame. I define this pattern is head and shoulder. And I assume overall trend is bearish bias.

GBPJPY again

It seems very hard to make a big movement,however I assume this is correction area so it could be a many trap over there. Such as failure breakout.

The attached figure is a latest scenario according to the technical analysis.

thank you.

GBPJPY Bearish Bias.

Price is very near with the resistance trendline right now. I afraid if the price break the resistance. Anyway im still in bearish bias. :D

165.04 supposely the turning point area. Because rejection from fibo is very clear parallel with candlestick formation which assign us as a reversal signal.

any question please do not hesitate to email me @ abagnale.seven@gmail.com

GBPYEN 4 hour forecast

I assume this is a big retracement. Price pull back rally from 160.62 and try to find a good resistance to reverse back. All trend still in bearish. thank you.

Volatile Market.

long time ago if you wanna see a free fall movement maybe its only once a year. Many newbie trader quite shock with the current market, yesterday my friend ask me eh why the market moving so fast, i put my Stop Loss 70 pip its like nothing,just a few second my order will disappear from terminal because of stop loss. Well i said volume in the market its not like before, now in one day transaction in forex is 4.3 trillion. Increasing 1 trillion. You must change the trading style and money management, higher time frame likes 4 hour and 1hour its not suitable for the current market because you are facing with high stop loss, 200 - 300 pips for now its an average. 100 pip below is very tight and your entry must be sharp.

Its a very good way when you split the order divide by 2. Means if usually you just make one order but this time try to enter the market with 2 order, Same price same Stop loss but different target profit. One order follow you trading plan such as 50 - 100 pip perday. But another order just lock the profit and let the order generate the profit. Its not weird if you can get 1000 pip a week. :).

My advise is control your emotion and money management, because of the volatility will tight your neck. Cut the losses when your recognize the reversal signal. Dont try to keep fighting with the market,its not a good way.

Another solution is arrange your money management to get a 5 trade perday. If your money management 6% per trade,divide it by 5 = 1.2% per trade. Yes its very small and i maxsure many of you dislike with this plan. Ok let me explain how 1.2% * 5 trade = 6%. each trade your reward is 1.2:5. means risk 1.2% but reward 5%. 5% * 5 trade = 25%. you can win 25% perday, just because you grab the chances with the volatile market.

I also still in practising low risk but big reward. One of the strong point why i said like this is. You can see the figure below.



One of the example how to take the chance during the volatile market.

My trading style is base on my researching and many times of observation. I just wanna spread my knowledge and its not for make you all as a tester. But easy to say if you not confidence please do it in demo account first, or the best way is find other strategy how to trade in the best time.

Thank you.
regards
Al-Yaqen.

between breakout trader and trend follower.

Still remember when i was newbie in currency trading many senior told me follow the trend, when my trading was floating with -ve pips i will refer to the senior and most of them will anger with me because im not follow the trend, along 2 year i try to understand what is this actually,what is trend. Yeah i know trend is Major movement in once movement but what is the meaning inside the trend.

FInally i realize trend is an important thing did you really need to understand. Trend is like a river,and a river has a stream just imagine how come if you swimming with fight the stream. :D. The answer is yes you can swim but u need to push a lot of energy, same like market once you fight you need to have a lot of capital and tough psychology.

After a long period i try to follow the trend what i get is sometime the profit may with us but sometimes its doesnt. Why these thing happen? im seeking a new guru and ask why. He said what price you buy. 2.0120 is said. Oh that is a correction area. Huh correction.. whats that?. He said just if you understood what is trend you should know what is correction. Day after day week after week, month after month i find what is correction and at last i identify what is correction.

Along 1 year and half i meet a new trading system named chaos, many people told me that system among the best trading system in the world. Wow sound sweet and interact me to learn about it. I buy a chaos book from amazon.com and started with 1st chapter. That book really make you woke up from sleep, bill william describe 1001 problem inside the mind of trader. Arr bla bla bla but what makes me wonder with that system is fractal. Fractal is breakout,breakout is breakaway price.

I try to use it for 1 month and its proven to give a a little or big profit. Thanks to Allah because he meet me with fractal. Started from that im addicted to gambling with fractal.. i buy or sell with a big lot, i dont care about money management, i dont cara about filtering the signal. Because im really addicted. but sky didnt always bright, im loose loose and loose because i couldnt take care the dicipline.

I began a research how to use the fractal wisely, and now ive the answer. Fractal is like you choosing a fish at the market. which one good and which one bad, same like fractal.. which one is the good price and which price you cant open the trade.

Each trader for who are those can generate their own signal they will always keep learning how to increase the probability of analysis and signal. Some trader prefer to follow the trend and some trader prefer to counter the trend espcially who are using THOMAS DEMARK system. But if you ask me, i prefer breakout and im proud if some trader ask what what kind of trader are you? and i said with confidence im a breakout trader :).

GBPYEN 240m Review

I dont want to make a lot of forecasting because overall major trend is bearish. 261.8 still relevent.

Here is the Pivot Point for GBPYEN 240m

	S3	S2	S1	P	R1	R2	R3
Hourly	165.40	166.13	166.73	167.46	168.06	168.79	169.39
4 Hours	164.39	165.15	166.57	167.33	168.75	169.51	170.93

Psychology battle is very tight in this situation, afraid to sell coz of price is too low and your mind set is retracement. For newbie i advise just take sell signal when your trading system show it.

thank you.

small retracement for small profit.

I believe GJ are possible to retrace at least 38.2 %. Frankly said its very dangerous to play inside retracement, because if you buy means you are against the trend,But im sure there is some breakout over there.

This is short term technical analysis. Why i buy?.. i buy because of fractal and a b pattern :) just that huhu.

Selamat Hari Raya

Hi morning all, i hope im not too late to wish Selamat Hari Raya Aidilfitri to all mulims in this world. Apologize for all my mistakes along we are together and gether seating in this arena. Well againts i fell this year is very fast year, i just thought yesterday is January huhuh otherwise we are in october month right now.

Ok ok lets talk about the market.

Recently all stock, index escpecially in US europe and asia melt like ice cream,bancruptcy of Lehman Brother, 700b bailout, interest rate cut, inflation increase bla bla bla.. why this thing happen?, why dow's fall above 1000 point very fast, many of private sector will not be able to facing this recession. But for forex trader maybe this is a good time to get back what you lost in the market, GBPYEN fall more than 2000 pip just in 2 week, fuck really awesome, market like didnt know what is tired,just move and move.

So what point i talk about this, i just want to remember all forex trader in this world can play in any situation of market.Because forex cant crash,not like stock.. from 12800 point market can fall until 5000 point and fall again until crash.. maybe below 10 point, logic or not ? my answer is yes logic,stock can crash. But forex not.

Buy when market going up,Sell when market going down, 2 profit in 2 ways. Another thing forex or currency is a leading indicator to the country. You can get a imagine what happen is US, what going on in UK and JPN. eh where is china ? ehehe i ever read one book printed by Mcgraw hill's , the author said its not a joke if China will lead world economic using YUAN,no more dollars or green back.

In my forecasting, US will collapse but dont know when, maybe in nearest month or year. Their federal will facing 1001 problem, Infalation,NFP,CPI,MFI,PMI huhu, how to resolve back :) its not crazy if word war 3 occurs else.

1929 Wall Street ever collapse what US do ? war right hehe.. but i dont want to speculate anything because i also love life in peace.

Surrender but no retreat.

GBPJPY retracement forecast.

GBPUSD channel bounce.

We might see Cable bounce from low today and could reach 38.2 ( 1.8856).
But overall trend still down. Quite danger to buy and fight the trend right now. I buy because im confident GU will pull back and Fundamental from USD supposedly weak this night.

Bounce for a while

For who are those ever read Japanese Candlestick Charting technique, im sure you will ever heared about this word. " the candle exhaust give

GBPJPY
So far so good , move as expected. If you follow my analysis in previous post im sure u will be rich.

GBPUSD
In this chart show a clear bullish divergence. In my opinion today is a good day for GBPUSD bounce as a retracement. But the whole trend still down. We are heading to 1.8550.

Thank you..

GBPYEN weekly

GBPYEN are this pair will slide into 208.

Here i updated GBPYEN 4 hour time frame. Price moving inside the channel. According to elliott wave we are currently in wave C down perhaps. It should be easier to going down.

4 hour fractal already broken. I expand the fibonacci and fibonacci said price will land below 209. Maybe 208 or 207.

Overall trend is down prefer sell signal. Be careful with retracement, because GJ has fall to much, anytime retracement can occur.

Only open the position when u get the signal from your trading system. For trend follower fractal is your special weapon . Use it wisely with proper money management. Thank you.

Now we are heading to south and will land at 208 area. Thank you

GBPJPY 1h. review

bullish pattern or bear pattern. Two possible movement , (i) , (ii) = (iii). a,b = C down.

frankly said, in my opinion GJ will going up until 215.00.

But since dollar was very strength recently because of turning point of oil price, anything can happen, demand on dollar was very high and its make impact for GBPJPY.

Correlation in GU if demand of dollar crossing the curve of supply and demand , GU will be bearish for a long way, but now its still in bear way. In UJ also is the same situation. So what is the answer for GJ. huhu well just follow the setup and your analysis.
thank you.

Seminar forex " let's dance with the market"

hi im now open my own class. Maximum pax just 3-4 person.
Venue at my house. Perdana Condo Damansara Perdana.

for those who are interesting to join my class please email me @ abagnale.even@gmail.com or call my hp 016 615 65 96.

Basic Course.

Who should attend ?

- Newbie in forex.

- Jobless.
- Want to make trading as a part time / side income.

fees RM 500.

Chapter One.

What is Forex ?
How Forex works?
5 level philosophy.
Broker and Trading Station ( platform )
Technical Analysis.
Fundamental Analysis.
Introduction to money management.

Chapter two.

Trend.
Correction.
Breakout trading.
Fundamental Sentiment. ( news ).
Introduction to Elliott Wave (preview).

Chapter three.

Sultan v1 trading system..
How to enter and exit the market.
Trading plan.
Money management.

Advance Course.

RM 700.

First Session.
Trading Using Elliott Wave principle.
Fibonacci and Elliott Wave.
Divergence.
Price action.
Support and resistance
Trendline.
Channel.
3 bar reversal.

We will give you.
Sultan pro trading system.

Second Session.
How to trade using Sultan pro.
Trading plan
Money Management.

Educator background.

Muhamad Yaqin Bin Mhd Nor.

Graduate from Multimedia University.

Have been 2 and half year in forex market.

Full time forex trader.

Elliott wave trader since he jump into forex market.

Ever organize the seminar at Kota Kinabalu ,Labuan and other small seminar around Kuala Lumpur.

Very friendly.

"Believe that market always 50:50, only the best trading methodolgy will beat the market. If i loss, it just apart of the game".

Class and Concept.

For this time i decide to organize the small seminar. Only 3 - 4 student maximum,so in this method i can give more concentration to our student. But the class is continuously every week.

Week 1 - Basic Course. ( weekend )

Week 2 - Advance Course. ( weekend )

Week 3 - Basic Course ( weekend )

Week 4 - Advance Course. ( weekend )

Just choose what course and what week you want.

Class Venue.

Perdana Condo block E 712.

Damansara Perdana.

Kuala Lumpur.

you are allow to request seminar preview before attend our seminar. Seminar preview free of charge.

Thank you for reading. Good Luck.

USDYEN 4 hour

Snippets: Corat Coret Pot pet Pot Pet..

Hi blog ini mcm ada pasang surut pula heheh.. kejap update kejap x. Well pejam celik pejam clik da 2 tahun aku unemployed. "Just i and my chart" itu lah yang berlaku sepanjang 2 tahun,berhadapan dengan mcm2 tekanan dan krisis yg mematangkan aku untuk terus survive dalam forex. Kehadiran Haikal rakan serumah aku untuk turut ikut serta berdagang di pasaran paling bahaya di dunia serba sedikit membawa keceriaan untuk aku terus mengambil rezeki di dalam market.

Bukan mudah untuk mencari jawapan kepada setiap pergerakan di dalam market, memaki, bercakap sorang sorang, bertanya mengapa dan mengapa sorang sorang sudah menjadi kebiasaan aku bila aku berhadapan dengan pasaran huhu, ayat2 biasa.. "weh adeh ape hal la ko turun plak.. price da langgar resistance kot.. bodo betul la".. haha itu lah antara ayat2 biasa yang aku pakai untuk meredakan sedikit tekanan bila menghadapi floating yang agak mengerikan.

Tidak lupa gak pada rakan2 trader yang lain .. jeehan, eto , apeng , salleh , amero,pearnet dan rafuzi yang sering berkongsi pendapat, dan memaki bersama sama.

Semoaga maju jaya aku ucapkan kepada kalian.

Tidak lupa juga kepada www.aiskosong.net tempat lepak baru aku skarang.. at least tadek la boring sangat hehe.

Akhir kata lawan tetap lawan ...

counter trend setup

Tips
Method :- Divergence, Trendline, Candlestick charting technique (formation), Wiseman 1.
Target :- Fibonacci retracement. 50% / 61.8 % or depends on you trading plan
Filter :- Stochastic.

GBPJPY 17/7/08.

Possibility of rate hike by BOJ this year

Yen May Rise as BOJ More Likely to Act, Gyohten Says

By Kosuke Goto and Shigeki Nozawa

July 15 (Bloomberg) -- The yen may rise as high as 100 per dollar this year as the Bank of Japan is more likely to raise interest rates than the Federal Reserve, said Toyoo Gyohten, former currency-policy chief at Japan's Ministry of Finance.

The Bank of Japan, which left rates unchanged at a policy meeting today, may lift borrowing costs should inflation pick up and the economy sustain growth of at least 1 percent, Gyohten said. Futures traders ruled out the chance of a Fed increase next month as shares of Freddie Mac and Fannie Mae, the biggest U.S. mortgage finance companies, almost halved last week.

"The Fed is most likely to maintain its current level of interest rates,'' Gyohten, president for the Institute of International Monetary Affairs in Tokyo, said in an interview yesterday. "The BOJ is more likely to raise rates. The medium- term trend is for a weaker dollar and a stronger yen.''

The yen has gained 15 percent against the U.S. currency in the past year, trading at 105.90 per dollar at 1:52 p.m. in Tokyo from 106.14 in New York yesterday. Gyohten predicts the yen, which touched an almost 13-year high of 95.76 per dollar on March 17, will stay between 100 and 110 for the rest of 2008.

Gyohten, 77, presided over Japan's currency policy in his role as vice finance minister for international affairs between 1986 and 1989. He is also senior adviser of the Bank of Tokyo- Mitsubishi UFJ Ltd., Japan's biggest publicly traded lender by assets, and in November correctly predicted the collapse of an "asset bubble'' in China. China's benchmark stock index has slumped 49 percent since Nov. 1.

`Monetary Hawk'

Bank of Japan Governor Masaaki Shirakawa and his six policy board colleagues today left the overnight lending rate at 0.5 percent at their monthly meeting, as expected by all 39 economists surveyed by Bloomberg. Shirakawa was appointed by parliament in April, replacing Toshihiko Fukui.

"They have a new governor, who is in my view basically more of a monetary hawk, even compared with his predecessor,'' Gyohten said. "He has a very strong view about the need for monetary normalization.''

The Bank of Japan is reluctant to keep interest rates at a negative level, after accounting for inflation, he said.

The bank today raised its projection for core inflation to 1.8 percent for the year ending March 2009, from 1.1 percent three months ago, and cut its economic growth estimate to 1.2 percent from 1.5 percent. Core consumer prices, which exclude fresh food, rose 1.5 percent in May, the fastest pace since 1998.

Rate Increase?

"With inflation accelerating, we cannot rule out the possibility of a BOJ rate hike later this year,'' said Masaki Fukui, a senior economist and currency analyst in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest publicly traded financial group.

There is a 13 percent chance the Bank of Japan will increase its key rate by a quarter-percentage point to 0.75 percent by Dec. 31, according to calculations by JPMorgan Chase & Co. using overnight interest-rate swaps.

The Federal Reserve has left its target lending rate at 2 percent since the end of April, after reducing borrowing costs seven times from 5.25 percent since September to prevent a housing slump from dragging the U.S. economy into a recession.

Futures on the Chicago Board of Trade show 88 percent odds policy makers will keep borrowing costs unchanged at 2 percent at their next meeting on Aug. 5, compared with a 23 percent chance a month ago.

"Just like the BOJ, the Fed is also faced with dual enemies, one in the front, one at the back,'' Gyohten said. "In their case, the greater enemy is a recession.''

Dollar Collapse

Monetary authorities are concerned about a possible "collapse'' of the dollar, said Gyohten. The euro is within a cent of its April 22 record high of $1.6019 and the Australian dollar today touched 97.57 U.S. cents, its strongest in 25 years.

U.S. Treasury Secretary Henry Paulson said on June 9 that intervention is "never off the table'' and he supports a "strong'' dollar". Central banks intervene by buying or selling foreign exchange.

Japan's Ministry of Finance is unlikely to buy dollars unless the U.S. government calls on it to do so, Gyohten said.

"If the dollar collapses, I am sure the U.S. Treasury will strongly urge the BOJ and ECB to join them in exercising some market intervention,'' he said. Any unilateral intervention in currency markets would be useless, he said.

The last time the major industrialized countries intervened was on Sept. 22, 2000, when they bought the euro after it tumbled 27 percent from its 1999 debut. They last propped up the dollar in 1995, when it sank almost 20 percent in four months against the Japanese yen to a post-World War II low of 79.95.

Bullish Still Releven

weekly view

GJ Weekly Time Frame
just shut up !!!!!!!!!!!!!!!!! hehehe

Sideway and breakout

13th June 08
GBPJPY















Began from Wednesday until today GJ still moving inside the triangle, I assume this is wave iv correction againts bullish. But bearish breakout can occur if price can't move upward else. Very hard Resistance at 210.60. Conclusion better stay aside from GBPJPY untill price breakout support or resistance. If price break 210.60 next target is 212.50 / 213 / 214 and i think 215 is maximum. If price break support it can go until 192. All trend still Down trend.

Thank you.

damb da da

GBPJPY h4

are price will turn ?

ascending

Welll yesterday price failed to break the resistance @ 201.84 ( very strong ), according to the chart pattern this is ascending triangle and price should break up and move like a sky rocket. But in EW after price completed a b c d e , the next movement is wave 5 .. the answer is "bear continuation". trading psychology just wait until price break either hi or lor.. and follow back the trend.

thank you
abagnale.seven@gmail.com

fatigue or want more ?

Double top ?, Bull Trap ? , OR move in trending ( bull ).

Its all about currencies.

Forex: Fed Cuts…and the U.S. Dollar Gains?!
Elliott Wave International discusses the importance of price action, rather than the news, to the trend in the U.S. dollar.

Question: When the U.S. Federal Reserve Bank lowers interest rates, what is the U.S. dollar supposed to do, according to the conventional economic wisdom?

That’s right, fall – because “everybody knows” that lower U.S. interest rates make dollar-denominated assets less attractive to foreign investors. That's one of the main reasons, said many analysts, why the dollar has been weakening ever since the Fed went on its latest rate-cutting streak.

So why then did the dollar gain today (March 18) after the Fed cut the rates by a hefty 0.75%? Against the euro, the USD gained almost 200 pips (or two full cents) in less than two hours Tuesday afternoon. (The dollar gained another 200 pips by mid-day on Thursday, Mar. 20 -- Ed.)

Is it because the Fed “is perhaps getting a handle on the U.S. economic problems”? (The Wall Street Journal) Sure, perhaps. But had the dollar fallen after the cut instead, you know exactly what the same analysts would be saying.

Tuesday’s “illogical” reaction by the dollar brings to mind a Market Insight comment that Elliott Wave International's Senior Currency Strategist, Jim Martens, posted for subscribers of his Currency Specialty Service two days ago, on March 17. Here’s an excerpt:

Market Insight, 3/17/2008 – Plenty of news these days. Certainly, this is the type of environment we've been looking for. Having cut rates significantly, the Fed is running out of bullets. But the Fed may not be done yet. …the expectation going into the week was that they would cut, the only argument was by how much.

For us [though] it's a matter of what we can expect from their action, not what they might do.

That's a much easier question to answer. It appears, at least to me, that a new dollar low will bring at least the decline that started last week to an end. If that new low has not been registered before the meeting Tuesday afternoon, look for the dollar to initially fall on the announcement. We'll be looking for a bottom afterwards, and a rally attempt. If, just before the announcement, the dollar is already at new lows, then we will expect the reaction to the announcement to be dollar buying.

These ideas of how the market should react to the news are based on the price patterns, and not on what the announcement will be. This is the same approach we use prior to all announcements. The news simply offers the trading environment that allows for a quick move.

Some see such an environment as a dangerous time, and that can be true. But if the [Elliott] wave pattern is clear, we can often take advantage of the reaction to the news without having to think as hard as our peers that agonize over every [economic] number. Our approach is much more direct. It doesn't ask what should happen – but is based on what actually happens. ...JJM...

Now that the Fed has used up three more of its “bullets,” many currency traders will be wondering – how will this affect the dollar? That’s a wrong question to ask. “All that matters is price. We might as well let price tell us what to do,” says Jim to his subscribers.

You can have Jim Martens' latest forex forecasts on your screen in seconds – just scroll below to learn how.

New:Fundamental News on EU. Let's read what other Expert says.

Is the Euro Rally Over?

Thursday, 20 March 2008 21:48:45 GMT

Written by Kathy Lien,FXCM Chief Strategist
• Why the Dollar Could Resume Its Slide
• British Pound Soars on Surprisingly Strong Retail Sales Report
Is the Euro Rally Over?
The Euro plunged over 250 pips today, leaving many traders wondering whether the currency’s rally has officially come to an end. According to our Technical Analyst Jamie Saettele, the dollar rally could continue for months. Our FXCM Speculative Sentiment Index is also growing less short, which suggests that the currency’s rally could be losing steam. Fundamentals are beginning to turn in favor of the dollar with the Philadelphia Fed manufacturing index rebounding in the

month of March and Eurozone PMI numbers falling short of expectations. However is the Euro’s rally really over? That depends upon what time frame you are looking at. For the next 24 hours the dollar could continue to weaken, but from a fundamental perspective, the dollar should resume its slide in the coming weeks. The market is simply relieved that the recent measures by the Federal Reserve are restoring some stability across the financial markets. Yet, inflation is still a big problem for the Eurozone with German producer prices rising much stronger than expected last month. In fact, the German economy is still holding up well with activity in the German manufacturing and service sectors continuing to accelerate. Earlier this week BMW said that they are doing quite well despite a strong currency, higher raw material costs and weaker US growth. This goes to show that the Eurozone economy has and could continue to surprise all of us. Meanwhile with the Euro 500 pips off its high, there is no immediate threat of intervention

from the ECB. French and Italian consumer spending reports are the only numbers due for release tomorrow with most traders off for Good Friday.

Why the Dollar Could Resume Its Slide
In addition to stability in the Eurozone economy, there are also many reasons why dollar weakness could reverse the recent slide in the EUR/USD. Over the next 2 weeks, we have a lot of US economic data that could resurrect speculation of a deeper interest rate cut from the Federal Reserve. We are expecting existing and new home sales, consumer co

nfidence, manufacturing ISM and non-farm payrolls. Given the record amount of foreclosures being reported, there is little likelihood that existing and new home sales will be strong. The latest jobless claims report also points to trouble ahead. We have previously mentioned that job losses could build up in the coming months. Back in 2001 and 2002, the last time growth in the US slowed materially, we saw 15 consecutive months of negative job growth. The sharp jump in jobless claims last week confirms that the labor market will continue to deteriorate as the level of jobless claims ties the high in January, which was the worst since Hurricane Katrina. The rebound in the US dollar, bond yields and the stock market does indicate that risk aversion is subsiding, but as we have seen over the past week alone, risk appetite can come and go in a blink

of an eye. We believe that traders have forgotten the possibility that jobs could be cut for three consecutive months. This morning Citigroup announced plans to layoff up to 5 percent of their staff, which is on top of the layoffs that are expected at Bear Stearns.

Buying Time ?

What can i say, i believe this is a buying time,very nice pattern 1 and 2. Look at fibonacci retracement - 61.8 reject all price those to try close below 61.8 , This is one of the sign trend will change not in minor but in major change. Together we wait and see. Good Luck.

what next ?

Similar Pull Back Pattern

For now price should retrace at any fibonacci number, wait and see whether pull back again or bear continuation. For me this pattern does a similar reversal pattern for retracement, GBPJPY will fall if price follow the EW law :D.

Trading idea pick hi and low breakout, If wanna ride retracement Small TP tight SL. If wanna ride bear market wait until cs form a reversal sign. Follow what is your game plan. Good Luck

GBPJPY 1 hour

Very smooth correction yesterday, According to EW principle it just only leave one subwave to complete wave v(C). But it also has another possibilities if i consider yesterday hi is a top of wave (C). Anyway in clear view we are in wave iv right now,so be careful with the market.

GBPJPY m30

Price perform in triangle, if we follow an EW rules price can fall else as wave 5 but must complete the pattern first ( a, b, c, d, and e ). But it also has an other possible movement to complete the correction ( against the trend ). In H1 Double bottom very clear, im a technical trader,what i see is what i see :D.In my opinion Wave (iii) did not complete very well its means bear still strong. :D so be careful and good luck.

USDCHF Daily

Lihat dan pahamkan hehe

on the track

Wave 3 appear as expected :D. Price possible to going down until 161.8.

GBP JPY in wave 3/c

This is instrument for GBPJPY daily timeframe.

GBPJPY still has a strong bearish,So volatile at Asia session fall down 300 pips. I expect wave 2 has completed the flat correction, price will test again to break the low price that means GJ ever try 3 times to break again.. so watchout if today got a big impact mix up with pull back and push back inside these fluctuation.

If we look at yesterday movement actually it has a wedge at timeframe 4 hour thats the reason why GJ fall down.

Trading psychology today just control your emotion and try to find the strategic entry. I think price will try to pull back again for a while,maybe at UK session and fall again for 2nd times and i believe this is wave 3/C :D

good luck

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Currency Trader Mac Issue.

Download now
http://www.currencytradermag.com/tg452/CurrencyTrader0308.pdf <-- copy this link @ new firefox or IE enjoy..
thank you

GBPJPY forecast

Recently GBPJPY always make an unexpected move, this is can make trader panic for a while. Whatever i believe the double bottom that we can see at timeframe 4 hour in clearly view as a good impact for bullish action in correction againts the bear trend.

my Chart above show the 2 possible movement for GBPJPY. Ive counted the wave using timeframe 1 hour. Bear divergence has occurs and the price fall down and i consider as wave a and will make another 2 wave B and C to complete wave (iv). I choose golden ratio 61.8 as a pretty magnet for price kissing the support. Another possible movement is price will through goes up for complete the wave (iii). So beware with the market. Plan your trade and trade wisely.

my trading idea.
pending order buy stop @ 207.68 / sl 206.97 / tp @ 208.39
pending order sell stop @ 206.52 / sl 207.23 / tp @ 205.67

adios :D

regards
yaqen

i will start blogging again.

Hi, after a long time sitting in silence i will start give my opinion according to my analysis and opinion about the market. I think most of you will asking where i goes after a long time.. OK the answer is im not going anywhere,im still trading and still making profit :D.