枸杞 (Gou Qi) Lycium

Ayumi has been consuming Lycium with hot water lately... did a search on the benefit of Lycium~~

Lycium

Benefit:
滋补肝肾，益精明目。用于虚劳精亏，腰膝酸痛，眩晕耳鸣，内热消渴，血虚萎黄，目昏不明。
In short... Good for Liver, Kidney, Eyesight, good for sore at knee, heaty, blood circulation, eye bright.

It is famous for the eyes.. Ayumi is consuming it I spent long hours in front of the PC~~~

Found this recipe, and I think this works as a great dessert :)

草龍珠蜜汁枸杞子：
枸杞子、龍眼肉各20克，葡萄幹50克，蜂蜜20克，鳳梨200克。以上各種用凈水衝凈，入小碗加蜂蜜及適量水入蒸籠蒸20分鐘。常服延年益壽，充實正氣，補氣養血。

Ingredient:
Lycium 20gm + Dried Longan 20gm + Dried Raisin 50gm + Honey 20gm + Pineapple 200gm
Put all in a small bowl, add some water and steam for 20 minutes.


Source:
Image: 
Lycium: http://www.17uxj.cn/UploadFile/200807/9/174377585.jpg
Dried Longan: http://o-mai.com/images/NhanKho.jpg
Dried Grapes / Raisin: http://www.thenutfactory.com/photos/fruit-dried-raisin-golden.JPG
Pineapple: http://cultural.kscg.gov.tw/File%5CScenicSpots%5C20061027154550%E9%B3%B3%E6%A2%A81.jpg
Recipe Source: http://big5.huaxia.com/hxjk/zhyx/zrlf/2010/09/2067889.html

HKSE

Ayumi has been taking her own sweet time to come up with the shortlisted China H Shares....
Ayumi has better management of her time now... today, will be the day for some serious studies.

Today, mark the end of Q3, tomorrow, mark the 1st day of Q4, I am feeling great and hope all readers has the extraordinary, fruitful Q4 with many many profits! Ayumi already start to imagine her 1st competition in October, celebration in November, 2nd concert in December, then Christmas, then New Year 2011!

Whatever comes up in mind, is a vision, lets plant the seeds of growth, today!

^___^

China
Healthcare
China Shineway HKD 27.05
Guangzhou Pharmaceutical HKD 8.52
Sinopharm HKD 31.70 (high PE, highest EPS CAGR among 3)

Property
Agile HKD 8.94
China Overseas Land HKD 16.82
China Resources Land HKD 16.50
Guang Zhou R & F HKD 11.14
Hopson HKD 9.00
KWG HKD 6.13
Minmetals Ltd HKD 1.62
Poly HK HKD 8.39
Shimao Property HKD 13.30
SOHO China HKD 5.49
Yanlord (YLLG SP) SGD 1.72

Gaming
SJM Holdings HKD 9.00 (preferred)
Wynn Macau HKD 13.76

Oil and Gas, Power
PetroChina
China Petroleum and Chemical (SINOPEC)
China Shenhua
CNOOC
Huaneng Power
China Coal

KLSE

Many KLSE stocks gap down. Found one of my favorite stock jumped to be the Top 10 Active Stock today.

HAIO
Bought HAIO at RM2.98, Stop Loss 2.85, Exit 3.40
Some figures:
Net Profit: 70.916M
EPS: 32.52 Cents
P/E: 8.5
Div: 28.5 cents (0.10%)

P/S: HAIO is currently trading at 50% of its 2 Years' High 4.89 - Low 1.10.
Now HAIO is the highest Div Yield stock in my bucket, then is AXREIT.

Transactions (FX)

EUR/USD

Yesterday, EUR/USD only manage to create a new high at 1.3506.
Day Chart: spotted reversal candlestick pattern (bearish harami) + Stochastic Oscillator cross at 85 region.

My Trading Plan:
EUR/USD - Short
Entry 1.3470
SL 1.3510 (-40)
Exit 1.3310 (+160)

IF, EUR/USD has break above 1.3530 and closed above 1.3550, it will possibly go higher to test 1.37 or further 1.40.  I will turn Long if this happen.

Weekly Forecast (FX)

USD/JPY

(Reuters) - Further gains in the yen should be stopped and Japan will maintain close coordination with the United States and European Union if it intervenes in the foreign exchange market to curb its currency's rise, Japan's foreign minister was quoted as saying.
http://www.reuters.com/article/idUSTRE68O06K20100925

After BOJ intevention, USD/JPY has up up up from bottom of 82.88.
However, for the past 1 week, USD/JPY has been falling in small range with high (X) at 85.94.

Technically, we are looking at the possibility that USD/JPY to continue to test 83.00 region with resistance kept at 85.00 region. Falling below 83.00 will lead to 82.13 (2L).

With Yen currently trading at 84.20, I aim to short USD/JPY when it is trading at 85.00 region with SL 30 pips away.

GBP/USD

For PowerWave traders, you will spot a inner wave up from 1.5292, with GBP/USD trading near WTP 1.5820 (2L) coincide 1.5850 (80% retracement from 1.5998).

So, what's next?

If GBP/USD can sustain at 1.5820 and continue to trade above 1.5850, there's a high possibility that GBP/USD will continue to head up to test 1.6000 and form a double top.

Strong Resistance 1.60.
(1) Break above 1.5850 -> 1.6000 Double Top

We shall observe the price action when GBP/USD has trading near 1.5850, even though I think it is less likely to happen now, if:
(2) GBP/USD Resisted at 1.5850 and turn down + a nice candlestick reversal pattern.
If price break below current support 1.5750, and the day candle closed below 1.5700, then I am looking at the next support: 1.5580. I will undoubtedly hunt for shorts for the down fall to 1.52... :)

Aggresive Long Traders: Long at 1.5740, SL 1.5700, TG 1.5850, TG2: 1.5950-1.60.

AUD/USD

AUD/USD Closed at 0.9588 last Friday.

It has break so many resistance level and the up trend is pretty well supported by EMA20 on 4 Hour Chart last week.

Stochastic Oscillator is neither high or low, since it has hit the 3L extension, I suspect AUD/USD to consolidate Monday and Tuesday, I aim to capture a Long at 0.9520 with SL 30 pips away.

This pair is likely to continue its uptrend, with a strong resistance at July-08 High of 0.9850.
Breaking above this high I suspect it will move towards 0.9915.

Generally, market is bullish~ Trade with Trend, or wait patiently for *clear* reversal for shorts.
Quote from my Sifu DAR on today's update on Gold:

patience..patience! that's the only way to survive in mkt!

Like our APSRI Trader's Facebook on Sifu's Daily Gold Updates!
Click Here: http://www.facebook.com/ApsriTraders

Weekly Forecast

The launch of iPhone 4 here in Malaysia is crazy.... People queue for number, waited for hours to collect their phone... it sounds like a BIG, whole day event, reminds me how my friend queue to sign her paper of marriage :p
Does it shows that the Asian spending power has increased? Perhaps rumors on short supply of iPhone 4 in China, and the demand in our region may push Apple stock price higher and lift the DJIA a bit? jking...

Next week, Consumer Confidence Index 10pm (GMT +8 ) on Tuesday, Fed Chairman Bernanke Speak on Friday 2.30am (GMT +8 ), we have manufacturing data release, ISM Manufacturing data release at 10pm Friday (GMT+8 ).

DJIA

Technically, the DJIA rally has not ended yet, for those who followed our forum, we are looking at 10,930 region for shorting opportunities, with Friday sharp rise in DJIA (closing at 10,860), the index may go to test 10,930, if DJIA has break above 10,930 convincingly, I suspect the index might trade higher towards 11,050!

Without much data release on Monday, I suspect the index will be trading in small range (consolidating) bias up.
Aggressive Long traders can consider to enter Long at 50% of Friday candle / EMA50 on 30 Mins - at 10,750 region, SL 10,715. TG 10,865 (Friday High).  If you have bigger appetite: Long 10,750, SL 10,700, TG 10,930.

After a huge run in September, the odds of taking a breather here are increasing.
For Short Traders, be patient, we can consider to enter Short IF we see a reversal pattern formed at 10,930, do not rush into market as we are approaching end of the month... perhaps there would be some.. they call it 'window dressing'? I suspect the 1st sign of weakness will be near.... lets watch out for 1st week of October...

Nasdaq 100

Sorry to disappoint you, but I still think that Nasdaq 100 can rally for another week, again
Resistance: 2,060 (Year high 2059.42)

Nasdaq 100 trend is bullish, for Aggressive Long Traders, spot for EMA50 support on 30 Mins - at 1,998 region for Long, SL 1,975, TG 2,060.

After sooo many reminders from Sifu DAR Wong, I wish to share my first, my 2nd, my 3rd... rule when I enter to ANY trade --> always protect yourself with Stop Loss, you can always enter to the market, Mr. Market / Mrs. Market will be always there, and they welcome our $$$ ^_^.

Happy harvesting~ Cheers
Ayumi

If you want updates on DJIA and Nasdaq 100 Index:
Visit APSRI Forum here: http://www.pwforex.com/forum/
Visit APSRI DJIA Forum here: http://www.pwforex.com/forum/viewforum.php?f=8
Back to Ayumi the Novice Trader Blog here: http://ayumi216.blogspot.com/

Weekly Forecast (FX)

EUR/USD

For those who followed my previous week forecast, you will find that market has moved in favour, hit my first target 1.3300, and trading very closely to target 2: 1.3510.
Ayumi is happy bcz Ayumi forecast and market movement is similar!  It is only Ayumi didn't get her entry, cuz Ayumi queue at low low price.

Traders can chase the market, just hit and go~~~ but Ayumi didn't... can't believe, where's my chase market attitute?

So, market is moving closely to my second target 1.3510.  In which i think EUR/USD is a bit tricky to trade now, I prefer to trade in small range 100 pips - 200 pips, than to aim for 200-400 pips on EUR/USD.

EUR/USD closed at 1.3486 on Friday.

The trend is bullish. Resistance 1.3530.

If, EUR/USD has break above 1.3530, and closed above 1.3550, i will consider to enter long, with my initial target at 1.3750, followed by TG2 1.4000.

Related: Weekly Forecast (FX) for 2010-09-20: http://ayumi216.blogspot.com/2010/09/weekly-forecast-fx_20.html

Do we really need a job?

Risk is everywhere.
Some regard losing a day job is high risk.
Some regard losing 5% of the trading capital is high risk.
Only if we know where we are going, what we are going thru, and only if we know how to manage our risk.

Only IF.

Some may think buying lottery, 4D, magnum, Toto is high risk, while others think it makes a good investment, high gearing, high leverage.  Only if we know what's gonna come out to be the first prize tomorrow, or which numbers carry higher probability..

Only IF.

Ayumi has been telling others of her opinion and beliefs about market, Ayumi start to wonder, will my trading opinion affect others?

Thanks to mentor JC, for always sharing his wisdom.
Everyone can have their opinion about the market, and they plan their trade according to their opinion.  Each and every time we enter to the market, we know very clearly what's our entry, exit, and stop loss.  We know our trading set up.  We know very clearly how are we going to trade our opinions, to our advantage.

We cannot trade the market, we can only trade our beliefs about the market.

-Dr Van Tharp

Ayumi thought of getting a day job, but Ayumi also hate this idea.
Ayumi think that a day job will shed precious time with the market, Ayumi think that a day job will affect many things... time with family, mental stress, physical & mental fitness... and deep down, Ayumi only wants to achieve all wealth and success, thru becoming a successful & profitable trader at her maximum capacity.

What happened in the past does not guarantee the future.

But the future begins from NOW.
I am gonna plant the seeds for growth, I am gonna plant the seeds of continuity and sustainability.

It is not trading doesn't work on me yet, it is because I have not give trading and myself enough time to shine, it is I have not had enough creativity to make it happen, bigger, taller, faster.

Thanks to Kiroro, Longines, Black, De'Trader, FFXD, KumoFx, Ripple my blogging friends who showed me how hard they have been doing to achieve success in life, I hope all can achieve what we aim for, I hope the best for us, I believe we can make it, no matter how many humps we need to go through, I just believe.

Double the account size in 3 months, double again in 6 months!
Believe in yourself, dream big and act fast!

Remind me, my craziest dream
-AyuMi-

DJIA and FOMC Statement

FOMC statement released, immediately within 15 minutes, DJIA trade above 10,770 . Looking forward to ♥10,930♥~~~

Source: http://www.federalreserve.gov/newsevents/press/monetary/20100921a.htm

Release Date: September 21, 2010

For immediate release
Information received since the Federal Open Market Committee met in August indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. Housing starts are at a depressed level. Bank lending has continued to contract, but at a reduced rate in recent months. The Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, although the pace of economic recovery is likely to be modest in the near term.

Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability. With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to remain subdued for some time before rising to levels the Committee considers consistent with its mandate.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings.

The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh.

Voting against the policy was Thomas M. Hoenig, who judged that the economy continues to recover at a moderate pace. Accordingly, he believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted and will lead to future imbalances that undermine stable long-run growth. In addition, given economic and financial conditions, Mr. Hoenig did not believe that continuing to reinvest principal payments from its securities holdings was required to support the Committee’s policy objectives.

Weekly Forecast (FX)

USD/JPY

NEW YORK | Fri Sep 17, 2010 4:11pm EDT
(Reuters) - The euro fell on Friday as European debt worries and weak U.S. consumer data enhanced the dollar's safe-haven appeal, while fear of Japanese intervention kept the yen near a one-month low against the U.S. currency. -By Steven C. Johnson-

USD/JPY has formed a bullish reversal signal from the bottom 82.88 on 15/9/2010, applies to weekly, daily, intraday charts.
Friday closing 85.85.

Strong Resistance: 88.00 (Fibo Retracement)
Resistance: 86.20 (Fibo Retracement)
Current Resistance: 85.95
Current Support: 85.20
Support: 84.50

No clear sign trading this pair, will observe for higher probability trades.

EUR/USD

EUR/USD also formed a reversal candlestick pattern on weekly chart.

From Daily chart, Doji candlestick at 1.2645 act as the strong support now, 1.2645 on 10/9/10. EUR/USD close at 1.3054 on last Friday 17/9/2010.

I am expecting EUR/USD to hit higher, my first target is to hit 1.3307 - resistance level.

Resistance: 1.3307 (previous high + innerwave 2L)
Current Resistance: 1.3160 (friday high + EMA200 on Daily Chart)

Do not rush into market yet, you can observe a reversal at 1.3158 on 4-hour chart, last Friday, I suspect EUR/USD to come down to 1.2930-900 region before continue to retrace higher.

hunt for good Long entry at 1.2930-900 region, if market break above 1.3160, we are expecting the market to teach TG1 at 1.33, and possibly 1.3510.

GBP/USD

Resistance: 1.5725 (Friday High)
Current Support: 1.5535 (Hammer on 4H Chart, Low on 16/9/10)
Support: 1.5440 (EMA200 on Daily Chart)

GBP/USD has a nice reversal pattern on Weekly Chart, however, the shooting star pattern on Friday shall pull GBP/USD down and I am looking at it to fall to 1.5440.

For this week, I prefer to go Short at 1.5670-1.5700 with SL > Friday high 1.5730.
My initial target is 1.5535, followed by 1.5440.


AUD/USD


AUD/USD has hit my target 0.9350 and even went higher > 0.9450 and also formed a strong candlestick reversal pattern on Day Chart similar to GBP/USD.  AUD/USD closed at 0.9360 on Friday.

Resistance: 0.9467 (Friday High)
Current Support: 0.9350
Support: 0.9185 (Fibo + EMA20 on Day Chart)

For this week, I prefer to go Short at 0.9410-450 with SL > Friday high 0.9470.
My initial target is 0.9350, followed by 0.9185.

Perspective

I received this forwarded email from my friend, Emily, we met at Singapore, but we were from the same country, same state, same city.  Emily now work as air-stewardess, she is beautiful, she is fun, steady and matured.  I like Emily my friend.  I like this story she shared:

Perspective

One day , the father of a very wealthy family took his son on a trip to the country with the express purpose of showing him how poor people live.
They spent a couple of days and nights on the farm of what would be considered a very poor family.
On their return from their trip , the father asked his son , "How was the trip?"
"It was great , Dad."
"Did you see how poor people live?" the father asked.
"Oh yeah , " said the son.
"So , tell me , what did you learn from the trip?" asked the father.
The son answered:
"I saw that we have one dog and they had four.
We have a pool  that reaches to the middle of our garden and they have a creek that has no end.
We have imported lanterns in our garden and they have the stars at night.
Our patio reaches to the front yard and they have the whole horizon.
We have a small piece of land to live on and they have fields that go beyond our sight.
We have servants who serve us , but they serve others.
We buy our food , but they grow theirs.
We have walls around our property to protect us , they have friends to protect them."
The boy's father was speechless.
Then his son added ,   "Thanks Dad for showing me how poor we are."
Isn't perspective a wonderful thing? Makes you wonder what would happen if we all gave thanks for everything we have, instead of worrying about what we don't have.

...

I hope you like what I shared.

Value every pip we make, learn every pip we lose, thanks Mr. Market who always teach us when we needed a lesson.  Thanks to the universe who give us what we needed - in order to achieve what we wanted.
Thanks to friends and family who trusted me, supported me, helped me.  Life is beautiful.

-Ayumi-

Image Source: http://www.trekearth.com, http://i1.trekearth.com/photos/61422/morning_mist_oetrange_3.jpg

Weekly Forecast

DJIA and Nasdaq 100 Index

I am so happy to record another week of full time trading into my life, it was not long ago since I attended APSRI Trader ProMaster program, this is truly a life changing course, undoubtedly I benefited a LOT from the APSRI family.  Thanks to Sifu's proven method, JC's unconditional mentoring and the continuous support from our forum masters!  Thank you!

Both DJIA and Nasdaq 100 market has been fairly flat and the volume has not really been up levels that people were hoping for.

This week, Federal Open Market Committee (FOMC) policy meeting has been regarded as the turning point that stocks have been searching for to break out of the range with conviction.  You may want to stay awake Tuesday night, for the FOMC statement on 22-Sep-10 (Wednesday) 2.15am (GMT+8).

DJIA

I see two possibilities in DJIA:
1. DJIA will continue to trade in narrow range and going higher to test 10,720 high.
As recommeded by wccm last Friday, we expect DJIA to retrace to 10,717, which is perfect for shorting.
DJIA retraces to 10,650 high last Friday, closed at 10,607.  For position traders, it is good to plant shorts at 10,700 region, going up close on Tuesday, we could see a little bit of enthusiasm, and perhaps it could be a catalyst to push the index up to 10,720 high again.  Abandon short view if market has break above 10,770.

If, market has break 10,720 and trading above 10,770, I abandon the short view and I am looking at the second possibilities:
2. DJIA to continue to retrace higher towards resistance level 10,930, formation of a new B.

Current level of 10,720 is an important resistance, if market continue to trade in narrow range, capped below 10,650, or trading lower, it will form a divergence on Day chart, which will support our view waiting for the downfall.
p/s: for those who are sharp check 4 hour chart - divergence, 30 minutes and 1 hour chart - Japanese candlestick reversal pattern.

Traders are recommended to observe for reversal patterns for shorts, no matter how high is the possibilities of a downfall, remember to protect yourself with Stop Loss and proper risk management! :)

Nasdaq 100

Bullish in Nasdaq 100, it has break above 1940 and closed at 1955.  I suspect Nasdaq 100 to continue its rally up to test May-10 high at 1,983 region, and the rally may continue this week.  Observe for short opportunities when market retest 1,983 region.

Hope you like my share today.  My best wishes trading for the down wave!

Cheers

Visit APSRI Forum here: http://www.pwforex.com/forum/
Visit APSRI DJIA Forum here: http://www.pwforex.com/forum/viewforum.php?f=8
For details on ProMaster program that I have attended, click here: http://www.traderpromaster.com/index.html
Back to Ayumi Trader Blog, click here: http://ayumi216.blogspot.com/

Soros: Gold is the Only Actual Bull Market Right Now

Soros warns on gold rally, says nothing safe

NEW YORK | Wed Sep 15, 2010 11:11am EDT

(Reuters) - Billionaire financier George Soros said on Wednesday that gold prices might continue to rise after hitting record highs this week but there are no safe bets in markets nowadays.

"Gold is the only actual bull market currently. It just made a new high yesterday. In the present circumstances that may continue," Soros said in an interview at a Thomson Reuters Newsmaker event.

"It will be very interesting to see if there is a decline in the next few weeks because... everything that makes a new high almost immediately afterwards reverses and disappoints," Soros said.

"I called gold the ultimate bubble which means it may go higher but it's certainly not safe and it's not going to last forever."

Gold prices on the spot market rose to a record high on Tuesday amid concerns about the global economy.

"This is a period of great uncertainty so nothing is very safe," Soros said.

He said he saw no sign of any return to strong growth in the United States which is struggling to emerge from its worst downturn since World War II.

"If I had to sum it up in one word, I would say: 'blah.' It may slip into double-dip (recession) or it may not, but it is going to slow down," Soros said.

"There is no question in my mind because the stimulus is running out, and there is great resistance to any further stimulus."

Soros said Japan did the right thing when it intervened in foreign exchange markets on Wednesday to bring down the value of the yen.

"Certainly, they are hurting because the currency is too strong so I think they are right to intervene," Soros said.

Japan sold yen in the market on Wednesday for the first time since 2004 and said it would do so again to prevent the currency's rise from hurting exporters and threatening a fragile economic recovery.

"They had a real estate boom and then a crash in banking ... It's 20 years now, and they are still just struggling along," Soros said.


(Reporting by Herbert Lash and Emily Chasan; Writing by William Schomberg; Editing by Andrea Ricci)
Source: Reuters - http://www.reuters.com/article/idUSTRE68E33K20100915

DJIA and Nasdaq 100

Quick Update on DJIA and Nasdaq 100

Possible end of the rally this week, however, if Resistance 10,580 has been broken and DJIA closed above 10,600 --> Next level is to test 10,720.

I maintain the short view at 10,580.

IF, DJIA has break above 10,720, then we suspect there'll be a new formation of B from a big time frame, DJIA might retrace to 10,930 region before continuation of the down fall.

Nasdaq 100

Momentum seems strong in Nasdaq 100, it has formed a reversal candle yesterday, High 1,938, I personally feel that Nasdaq is still early to fall now, it might continue its rally until next week, and to test the resistance at 1,980 - 1985.

I am looking forward to Thursday & Friday news release, and FOMC statement next Wednesday 22 Sep 2010.

We know many things...

Met a friend today at a printing shop.

We actually know a lot of things.  This friend of mine he run his own online business, he does property investment, and he reads a lot.

During this short 5 minutes conversation, we found that, we know a lot of things - the possibilities are unlimitedt.

And I have been having thoughts in my mind....

After taking a cool shower, thoughts are clearer.

I have been thinking why is my trading so consistent..

losses, losses, and big gain.  losses losses, gain... the process repeat by itself.

By knowing so many things, how many things do I really put into practice and make it work for me?
I may know many things, but at the same time - I am very ignorant too.

By realizing this.. I know that I am not doing enough.

Not enough back-test, not enough time with myself, and my trading.

What is my success rate, and where does my success come from?  From my mid term trading strategy?  From trading XABC?  From spotting the inner waves?  Head and Shoulders?  Fibonacci?  Initial Shadow?  Candlesticks?

Since all these techniques that I know is universal, what I haven't maximize it for myself?

There are many things that we can do, and there are many things that we can do to make things better, there are 10 ways, 50 ways, 100 ways, or even -- 1000 ways!

need more work on this, I need to ensure, make sure, I can grow and breakthrough.

-Ayumi-

Weekly Forecast

DJIA and Nasdaq 100

Troubling economic data and uncertainty over European sovereign debt and the global recovery led investors to step back from the markets, analysts say, cutting the volume of stock and bond trading. Equity investors traded a daily average of 14.2 billion shares on U.S. exchanges in the third quarter through Sept. 3, according to Bloomberg data.

Source: http://www.businessweek.com/magazine/content/10_38/b4195047468072.htm

DJIA

Resistance: 10,580
Current Resistance: 10,480
Current Support: 10,330
Support: 10,250

DJIA has been trading in a narrow range of 150 points last week 6-Sep to 10-Sep-10. It is now capped below 10,480, breaking above 10,480 will lead us to 10,580. Failed to break above 10,480 will lead us to the support level 10,330.
For Intraday Trades, Short at 10,480, SL 10530. TG 10,330.

As mentioned by our forum masters, you know it has a high probability that we are now end of wave B and beginning of wave C. We are expecting a breakout to occur and breach the support 10,250 to confirm the down move to 10,000 and 9,950.
Short at 10,480, SL 10,530, TG1 10,250, TG2 10,000.


Nasdaq 100

Nasdaq 100 is trading in a narrow range of 44 points last week.

Resistance: 1,920
Current Resistance: 1,900
Current Support: 1,850
Support: 1,800

For intraday trades, you can position your shorts at 1,896, SL slightly above 1,910, Target Exit 1,850.

Similar to Dow, we are expecting Nasdaq to be well capped below the Resistance 1,900 region. Short at 1,896, SL 1,920, we are expecting breakout to occur and breach the support 1,800 and retest 1,700.

Weekly Forecast (FX)

EUR/USD

I spotted pattern in EUR/USD that I wished to trade next week.

The Wall Street Journal reported Sept. 7 that European stress tests for banks understated some holdings of sovereign debt in the wake of Greece’s budget crisis. Irish and Portuguese 10-year government bond yields reached record highs versus benchmark German bunds based on concern European banks are vulnerable to losses on their holdings of peripheral euro-region debt.

Greece faces a “substantial” default risk when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said yesterday. Greece may need to extend a 110-billion-euro ($140 billion) bailout from the European Union and the International Monetary Fund by an extra three to six years to avoid a default on its debt, JPMorgan Chase & Co. said.

Source: http://noir.bloomberg.com/apps/news?pid=20601087&sid=aVyns8NXqz7Q

Due to the return of fear of Greece's sovereign debt crisis, I would regard this week's high of 1.2918 act as a resistance.

There's not much critical figure release next week on Euro, I suspect the range to be small next week. However, I would position my short entry when market come up to 1.2730 - 1.2750 region.

If EUR/USD has break and closed below 1.2580, I am expecting EUR/USD to continue the fall to 1.2170.

Strong Resistance: 1.2920
Resistance: 1.2750 (Pincer Top)
Support: 1.2580

Trading Plan (Intraday):
Short 1.2730 (1/3 of weekly candle)
SL 1.2770 (40 pips)
Exit 1.2600 (130 pips)

I would monitor EUR/USD when it comes to 1.2580 region to decide my next entry.


GBP/USD

GBP/USD is now trading in a range of 1.5500 - 1.5300.

My trading plan would be to execute orders at the extreme ends, prefer to short.

I suspect GBP/USD to go up on Monday, so it is a good opportunity to capture initial shadow and plant your shorts.
For those who attended Professional TA from sifu DAR, check 1 hour chart, you can see a pattern that support my view.

If market has break and closed below 1.5300, GBP/USD may continue to dive down to 1.5170 region.

Trading Plan (Intraday)
Short 1.5410 (1/2 of weekly candle)
SL 1.5450 (40 pips)
TG 1.5300 (110 pips)

Trading Plan (Days)
Short 1.5500
SL 1.5540 (40 pips)
TG1 1.5300 (200 pips)
TG2 1.5170 (330 pips)


AUD/USD

It has been a bull run since end of August 2010 in AUD/USD.

AUD/USD has break above the previous high 0.9220 without looking back.
Temporary resistance 0.9280
I am looking at AUD/USD to continue to rally to test the historical resistance at 0.9350 region.

Trading Plan (Intraday)
Long 0.9185 (50% of weekly candle)
SL 0.9155 (30 pips)
TG1 0.9280 (95 pips)
TG2 0.9350 (165 pips)

Dream BIG

Can we achieve anything in life just by Wishing?

Dreams come true, Desires fulfilled, not just by wishing.
This is the first step!

Go ahead, dream the biggest, most wonderful and personally meaningful dream you can imagine, and feel the intensity of your longing for it. Then, with your passion at full throttle, get busy making that dream a reality.

Get Busy!

I have laid out my 6-weeks schedule for October 2010 Competition, and I really feel that this is the only thing that I am gonna do, I want to be the best, I want to know how far I can go.

While I am planning, doing my Research - Hotels, Transport, Competition Venue, Finding like-minded contestant, etc. I feel so much of joy, I feel like I am laying the bricks, laying the highway to my ultimate dream, with my team mates! I feel the need to encourage them to make it real for all of us!
Then I realized I spend more time talking to myself, encouraging myself.

The joy of accomplishment is in the doing, and in feeling the dynamic strength of your own capabilities. What you truly seek is not to have, but to do, to create, to experience the feeling of being purposefully effective.

You have the opportunity to give life to any dream by giving your effort, attention, focus and commitment to it. And by so doing, not only are you able to achieve the dream, you also give it real meaning.

-- Ralph Marston

At the same time, I do remember my goal in Trading, I wished I could progress faster, further, higher!
My 2nd target now is to double my account size, I am gonna make it happen for me!

Alright, now I am gonna start reading some fundamentals and weekly snippet from sifu and continue my forecast~ Stay Tuned!

Quotes you read from this article is from [the Daily Motivator] :
 http://greatday.com/motivate/100906.html

If you wished to find out more of the Belly Dance Xtravaganza - Belly Dance Open Competition:

 http://www.facebook.com/#!/event.php?eid=141245829247427&ref=ts
Subscribe to APSRI [Weekly Snippet] :
 http://www.pwforex.com/contactus.htm

Review 7-Sep-2010

Past Review:
Review on 23 June 2010.

During 14/6 to 23/6:

Net Profit +161 pips.

Review on 11 July 2010.

During 23/6 - 9/7/2010:

Net Profit +195 pips.

Review on 12 August 2010.

During 13/7 - 12/8/2010:

Net Profit +163 pips.

Trades:

12/8 GBP/USD Short 1.5672, Close +96 pips
12/8 USD/JPY Short 85.64, Close +4 pips 
12/8 GBP/USD Short 1.5579, Close -9 pips
16/8 EUR/USD Short 1.2802, Close -8 pips
16/8 USD/JPY Long 85.70, Close -20 pips
19/8 AUD/USD Short 90.09, Close -11 pips
17/8 AUD/USD Short 90.70, Close +205 pips
18/8 AUD/USD Short 90.35, Close +175 pips
23/8 EUR/USD Short 1.2715, Close -16 pips
23/8 EUR/USD Long 1.2685, Close -30 pips
25/8 AUD/USD Short 88.60, Close -21 pips
27/8 AUD/USD Short 89.60, Close -40 pips
31/8 GBP/USD Long 1.5400, Close -30 pips
31/8 EUR/USD Long 1.2685, Close -20 pips
31/8 AUD/USD Long 88.70 Close +120 pips
31/8 EUR/USD Long 1.2630, Close +158 pips
CFD Trading - Stop Loss didn't triggered, Closed Manually -101 pts
1/9 AUD/USD Short 90.40, Close -40 pips
6/9 GBP/USD Short 1.5457, Close -23 pips
6/9 EUR/USD Short 1.2890, Close -20 pips
6/9 GBP/USD Long 1.5350, Close +5 pips

Net +374 pips

Accumulative from 14/6 to 6/9/2010:

+893 pips

My Impressive mistake in past 1 month:
Trading on a platform that I am not familiar with.  And also result of losing -101 pts on Wall Street CFD.
I gotta go back to trade on Demo on CFD - must must must familiarize with the platform.

the Piano Forest

http://www.animenewsnetwork.com/encyclopedia/anime.php?id=7466

森林里的钢琴 the Piano Forest

周末我看了这部动画。
很喜欢当中的内容，以及完美的音乐。
它激起了我弹钢琴的冲动哦！

整部剧里面，有一些让我觉得很有意思的内容：

• 当雨宫修平Amamiya要求老师当他的钢琴导师时，老师拒绝了。后来，老师竟然主动要教一之濑海Kai Ichinose。
  让我记起：
  “我们选择了钢琴事业，我们选择老师，可是老师没有选择我。”

更加想起师傅Sifu DAR说的：" to receive is blessing... "
I am so lucky to be hand-picked ^_^.  Thanks to Sifu DAR Wong, and thanks to Mentor JC.

• 当一之濑海Kai Ichinose认真练习的时候，他经历了最无聊的Scaling，手指的热身、重复动作。老师说：“It's the kind of piano playing you'll find most boring.” 简直可以说，令人发疯的、单调的练习。
  那时候，他发现，他最好的朋友雨宫修平Amamiya，为了要成为出色的钢琴家，必须经历这些无聊透顶的练习。“So this is what Amamiya has to go through.”

难道我们不是经过许多无聊透顶的练习、backtest、backtest、学习，错误，止损，才能提升自己的技能？

• 雨宫修平Amamiya从小以为自己的命运是成为钢琴家，从小以为钢琴是自己的敌人。“When I was little, the piano was my enemy.”
  相反的，一之濑海Kai Ichinose从小热爱钢琴，甚至觉得钢琴是自己生命的一部分，是独奏的乐器，不能够和别人分享的，森林里的钢琴属于他一个人。
  钢琴对他们的意义不同，所以表现出来的光·和热，就不一样。

• "Do you think I have the ability to move people like Kai can?  Can I learn to play like him?
  故事的最后老师对雨宫修平Amamiya说：“你弹得很好。”
  “你应该喜欢自己的弹法。”
  You played with a rare perfection.
  You should learn to love your own playing.  Then you'll see there's no need to compare yourself to anyone.  You can play beautifully.

You are not competing with Mozart, Chopin, Beethoven... or the champion during last Piano contest...

There's no need to compare yourself to anyone on earth.  Learn to love our own playing, own trading, there's no need to compare ourself to anyone.

Weekly Forecast (FX)

EUR/USD

EUR/USD is now resisted at my target 1.2900 region.

For those who are using oscillator, you will see a divergence formed in EUR/USD 30 minutes chart.
Trading Plan [Short Term]: During market opens, short near 1.2890 high and target at 1.2800.

I am looking at EUR/USD to continue to corrective upwave to 1.3000 region.
Trading Plan [Trend Trading]:
Long EUR/USD at 1.2800
SL 1.2760 (40 pips)
TG 1.2950 (150 pips)

GBP/USD

Resistance 1.5580
Current Resistance 1.5480
Current Support 1.5330
Support 1.5150

Zoom into 4 Hour chart you will double pincer top at 1.5467, this level should act as a temporary resistance.

Trading Plan [Short Term, expired by 8pm (GMT+8)]:
Short at 1.5450, SL 1.5480, TG 1.5380

Trading Plan [2-3 days]:
Long GBP/USD at 1.5350
SL 1.5310 (40 pips)
TG1 1.5580 (230 pips)
TG2 1.5680 (50% Fibo retracement from 6 Aug 08 High)

Weekly Forecast

A week has passed, a new month has started.

I went for a haircut yesterday, very happy with a new hair colour, and new hairstyle, and a 4-step in-depth treatment, as a result Ayumi's hair is (just a bit) healthier now. :)

I told my hairstylist that you can colour any brave color, that I am not reporting to work, and I can be as crazy as possible~~ See?

There's a hidden message in this conversation...
I am only responsible to myself, not to others.

I used to think that... may be I would need to get a job soon...
However, I need to trust myself, I need to trust trading, I need to trust mentor JC, need to trust APSRI family, trading can work, (whether it can work on me or not?) I just need to make it happen, for me.

I wish to tell all who has been working hard, who has been committed, that we can make it happen.

Maximize your strength; minimize your weaknesses.
Be total honest to self, be responsible to our own actions.

--------------------

DJIA

*NYSE and US Banks will be closed in observance of Labor Day on Monday 6-Sep-10.

I wish to share my view on DJIA:

DJIA has been bullish last week since Wednesday.
It has formed a strong reversal pattern at 9,950 region on 31/8/2010 (Tuesday) and rallied to 10,450 resistance level on Friday.

After a packed calendar in the prior week, there is relatively little on the economic data schedule for the September 6 week, and little of that will have much impact for markets.
Therefore, I suspect DJIA to be trading in small range this week 10,200-10,500.

For those who are sharp, you may see a divergence in 30 minutes chart, my view on this market is that DJIA may come to low of 10,300 region (EMA50 on 30 Minutes chart) early of this week.
Traders who planted shorts at 10,450 last Friday, 10,250-300 may be a good region to take profit, we reckon this market to continue its corrective upwave for another 2-3 days.

However, if DJIA break above 10,500, it will continue its upwave to 10,600 and 10,700 region.

Short Term trader can observe for reversal and Long at 10,250, SL 10,200, TG 10,450.

Stay tuned for more trading insights!

EUR/USD

Tonight NFP figure release.. I had a feeling like I am going for a date with someone important.  I feel anxious, and I am excited!

I wished to see how it happens and how it will affect the market.  I am still very very new to the market, I really don't know how an important figure release affect the market ...
It is as difficult has knowing what the girl is thinking~ especially if this girl has many admirer...

8.30pm (GMT+8) Non-Farm Employment Change, Unemployment Rate (US)

EUR/USD
I am looking at EUR/USD to come down, before it continue to go higher to 1.3000 region.
Currently, I carry a short view on EUR/USD ---> to come down to 1.2760 region, which is a fibo retracement level + EMA200 in 30 Mins intraday chart.

My Trading Plan on EUR/USD:
My plan is to Long at this level 1.2760,
SL 40pips away,
TG 1.2900 (+140 pips).

I believe EUR/USD will go up to 1.3000 region in coming week, however, I suspect price action to be channeling bias up, therefore, I prefer intraday trading with this pair now.

Wish many best of luck trading with news release.

NZD/USD

I suspect NZD/USD is now consolidating bias up.

Resistance:
R3: 0.7260
R2: 0.7180
R1: 0.7130

Support:
S1: 0.6940
S2: 0.6850

My Trading Plan on NZD/USD:
Long: 0.6980
SL: 0.6940 (-40 pips)
TG: 0.7130 (+150 pips)
TG2: 0.7180 (+200 pips)

My trading platform crash and the SL & TG price got missing juz now.
Always double check your position before leaving home or turning off your PC~

Reasons, Effective Actions

After days, weeks, and months of Demo trading, like what Si Heng Aaron mentioned, you trained yourself to be robotic...

I remember a conversation with another female associate. It reminds me "You can do it with Paper Money, you can do it with Real Money". Many many people said that 'trading demo has no kick'.

I get a lot of Kick from Demo Trading. Then people said 'you get so much kick on demo trading, what happen during live?'

I don't know, but I feel the same until now... >.<
The only difference is that the profit can be withdrawn and exchange to eat, pray and love~ ^__^ I remember the reason I traded Demo, because I am not ready. And there's one silly mistake that I made lately, that I started trading Live on CFD with Wall Street (DJIA) Index.
I've received a gentle comment from mentor, but the meaning is deep~ Mentor JC said: "familiarize with the Platform". hahaha... why am I so stup*d again, so aggressive again. So I would familiarize with the CFD platform, get to know the broker better. There's a good article I wish to share today:

Effective action

Stop sitting around wondering if this will work out or if that won't work out. Get busy and find out for yourself.
Stop wishing that you had more to work with. You have more than enough to get started in this moment.

Once you start, once you make that first effort, you'll be able to tap into the power of momentum. The initial results you get will enable you to make the next effort.

Quit worrying about not having enough time, for that worrying itself just wastes your precious time. Simply and gratefully make use of the time you have, and you'll always be making progress.

Put thought into your efforts, but don't make your thoughts a substitute for your efforts. Get busy and put your best thoughts into effective action.

Give your best to this day, give your best to the effort, and good things will come from it. Though it won't always be the way you expect, you will always find ways to create real, unique value and richness in your life.

-- Ralph Marston

Read more: http://greatday.com/motivate/100831.html#ixzz0yF9m0SFi

We will always be making progress.

I commit to put my actions to grow myself, grow my trading account size, and I fully focus to become a successful and profitable trader, at my Maximum Capacity.