Transaction

Gold on 27 Sep 2012

4H chart
Green line is EMA50 which is the guide line i normally use to identify support/ resistance.




Last done $1756 and it seems market shifted from bullish to correction phase.

This green line which hover around $1760 has turned from support to resistance.



Above is gold 1H chart and u might identify the similar pattern - market is capped below 1760.

I hv entered a short at market ($1756). Looking forward to the south train below 1740.

Gold on Tue 25 Sep 2012

It was wierd, I entered at market to long Gold at $1757.73 (market order, instant execution) and I also created a pending order to long at $1755, but market didn't come down, and started to trade upwards.

Market was choppy for the past 2 weeks, but yesterday it was a smooth one...
Current support is $1755 since market has resumed upward testing this low for 3rd time in a week.

I am looking forward to Gold breaking the top resistance 1786 and trade towards March high $1790 and then August 2011 high $1800.

But, if a retracement were to happen, it could bring Gold down to $1715, then  $1690.
I don't wish to see Gold testing strong support $1675 but this would be the last defence for uptrend.

In summary:
TG2: 1800
TG1: 1790
Daily Target: 1786
Current Support 1755
S1: 1715
S2: 1690
S3: 1675

DJIA and Nasdaq 100

For the week starting 24 Sep 2012

DJIA

Last week, Apple announced iPhone 5, and the share price closing up above $700 per share.
Poor chinese manufacturing data sync with slowdown in US and UK.
We are moving closer to the quarter end and we expect traders’ to wrap up their trades while moving into a rocky / choppy 4th quarter.

With elections coming up, and a few economic data such as: consumer confidence,
pending home sales, fed balance sheet & money supply (read: CNBC link) we expect market to trade sideways in the coming week.

Stay out.

Resistance: 13660
Current support: 13500
Support: 13370



Nasdaq 100

Nasadq 100 continue moving north with a slower momentum and showing support at 2845 pts.
Expect market to trade sideways bias up.

Support: 2845 pts
Resistance: 2880 pts
Like the channel in the chart below (NASDAQ 100 4H).

Work out, workshops

A dumbbell, a yoga mat, get ur health in shape.




Coming months will be workshops, workout, and more workout!

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Kind and Considerate

the vibes...

there are character you like, and some character you don't..
when it comes to those you are less favour of, would you reject?  Would you send the negative vibes?

I did, to the same bloody person who (have no choice) but come in right before 6pm and give me tasks to do.
Yeah, I send the negative vibes -- and I hope it doesn't bounce back to me.

Good read from Ralph Marston:

The Greatest Success link

You don’t have to be famous to be important. You don’t have to be a celebrity to be successful.

You don’t have to live in opulent luxury to be rich. You don’t have to be irresponsible to be free.

You don’t have to be outrageous to be creative. You don’t have to be abusive to be impressive.

You can be quietly humble and still be amazingly effective. You can be kind and considerate and still have great influence.

Just because people don’t fall at your feet and worship you, doesn’t mean you are a failure. Quiet success is just as sweet as loud, flamboyant success, and usually much more real.

DJIA and Nasdaq 100

for the week starting 17 Sep 2012

On Thursday, Fedebral Reserve Chairman Ben Bernanke announced QE3 policy, to expand its bond purchase program of mortgage bond at USD40 billion per month, target to boost housing growth and job creation. No limit has been mentioned.

Stocks, and commodities (look at Gold!) rose last Thursday and Friday.

DJIA

In line with ECB plan to buy government bonds of struggling euro zone countries and US Federal Reserves monthly USD40 billion Bond Purchase Program has bring Dow to the highest closing level in nearly 5 years.

After this mid-week euphoria, a more sober period for market may be coming as investors and traders digest what the stimulus means in the long term.

US elections in November, tax and spending cuts, corporate earnings, if the unerlying economic data stays the same, we are going to see the market drop a bit, and trading sideways until election.

Technical Forecast:
Market to trade sideways digesting the mid-week hype.

Market has hit 2L target 13578 pts and technically it should be trading sideways.

Resistance - current high: 13650 pts
Immediate support: 13505 pts
Strong Support: 13350 pts

Sideways trading bias down towards 1/3 @ 13250-300 for the rally since July 2012.

Nasdaq 100

Nasdaq 100 has marched up to 12 years highs.
Bullish and immediate support at 2818 pts.
Strong support 2803 pts.

While we expect market to digest the stimulus announcements, market shall trade sideways in a flag pattern before resuming the up trend.

Stay out for the week while observe for trading opportunities around these support levels.

Nano Mist and Yummy Chinese Food

I am not going to talk much about market.
QE3 is announced.

Gold price rallied $100 in a week, stocks new high...

====

I visit Car's International yesterday intend to do car wash.
And here is a successful upsell.

I am considering of the windscreen treatment.
He upsell me front windscreen with rear windscreen treatment.

worth RM235 (Ringgit Malaysia) equivalent to $95 SGD or $77 USD.
From Car wash which is is only RM10 / $4 SGD / $3.3 USD
Or a Front windscreen GP Coat Treatment which costs RM135 / $54 SGD / $44 USD.

I ended up doing GP Coat treatment (Front & Rear windscreen) + Polish + Wax + Nano Mist for my white color princess.

When I collect my car, she is true beaty with dashboard shine, tyre shine, I am satisfied.
Smells good too!

While I am driving home, I am hoping for rain, to test the windscreen treatment.  And it rains at night before I hit the dance floor.  The rain stopped when I finish dancing, teaching, I splash some plain water and wipe it dry.

It was a good day, and I am happy because everything go as planned except the sucessful upsell hahaha

=====

At night I had a bad dream, someone came into my car, and taking some strong smell chinese food, the smell from the food is good, but it is not good if it stays in the car, and stinks!

And in my dream, I still trying to hold my temper while telling this nice guy: "take laaa, take the food in the car, its alright....." but my heart is torn into pieces because my princess is so clean!!!!

I am so fake!

DJIA and Nasdaq 100

This week on Bloomberg Radio, on TV, I have seen the speech by Barack Obama, Michelle Obama and election is so so hot!

Might be interesting to read about this:

Forex Flash: Time to stop worrying about the EUR and to start worrying about the USD


There are many news, and expectation on QE, is QE3 possible?
many would have hoped for QE3, and does US really has capacity to print more and flush their currency value down?
If we look into USD Index, it has traded sharply lower last Friday - closed below 200 days EMA @ 80.16 for the first time since Oct 2011.

Since QE is not on the table, and whether Fed is going to give the fix or not is unclear, I reckon EMA200 to give support, and I expect USD Index to rebound next 2-3 days and return to 80.80 region.

DJIA

It has turned from bearish to bullish without touching 12950, although initially we at Ayumi the Novice trader thinks that it should fall!

However, DJIA still capped below 13350 pts, and we are unsure of the next direction.

Check the intraday chart below:

DJIA 4 Hours Chart:
Broke up the channel and traded the similar range up, but still capped below resistance.

both 30 mins & 1 hour chart didn't show oversold nor tendency to turn down from current momentum, and neither giving clue of the next direction.

I prefer to stay out and observe unless intraday 30 mins / 1 hour chart has approached 13350 pts, resisted down, or breakup this resistance.

Till then I have no position but watching other instruments like Gold and CL or trading the USD Index till mid week after the adjustment has completed.

Nasdaq 100

It came out on the headline that Nasdaq 100 has ended highest since 2000.
Google it.

Bullish momentum.

Can only trade with initial shadow, not sure where the bullish momentum will stop.
Initial shadow is 6 pts, day range is 30 pts.
If you have traded the Nasdaq 100, you  know it is very rare chance for traders to get in at initial shadow if the day is set to fly... repeat: it is very hard to get in, but once u are there in the right move, it is like an unlimited fortune, happy hunting.

Cheers
Ayumi

Gold.. NFP, Euro news...

I wished I could enter, I thought I have got it..
This week, Gold - it just flew, without me in it.

Gold on Wed 5-Sep-2012

well, it is one day after labour day.

Gold forecast for the week starting 4th Sep 2012

Technical Forecast

Gold [XAU/USD] Weekly Chart

as you can see, Gold price has break above the flag pattern, and its early...
refer to my previous post I Like About Gold - Gold forecast end August.

Gold has break up above 1670 and confirmed the bullish trend, though, it is early, I am kind of surprised, and still in disbelieve.  But I accept the fact that it is Bullish.

Gold Daily Chart (above)
There are 3 indications supporting the bullish view.
1. Short term bullish sentiment (1)
2. Mid term bullish sentiment (2)
3. Breaking above weekly resistance line

The bullish sentiment shall last 3-4 weeks upon this confirmation.

As previous week correction didn't come down to 50%, so I reckon market to hit another leg up to $1720 before a technical correction could happen.
If it does reached $1720 and started to correct, expect market to hold at Strong support $1675.

so.... initiate Long.
Initial shadow $5

Couldn't trade short now... although I am trained to trade reversals... [reminding myself]

Cheers
Ayumi

DJIA on Wed 5-Sep-2012

DJIA 1 Hour Chart
Market and break below support as my weekly forecast - shall reach 12950 pts soon.

DJIA 4 Hour Chart
Look at the bigger time frame - market is trading towards support level 12900 - 950 pts, if this support couldn't hold, then bearish momentum shall continue and 12780 pts will be next target.

Related post: DJIA Weekly Forecast

DJIA and Nasdaq 100

Wooooo!!! September month has finally arrived! My schedule is getting fuller and fuller, every weekends is occupied!! =)

Apart from trading, I am designing the year 2 and year 3 'syllabus' for my dance classes, and planning to renovate a vacant room to convert it to a mini dance floor. A full mirror really can't satisfy me.. i want to see more of myself :) and seeing how I look like when I am turning around... ops, back to topic.

I hope everyone is excited as I am - plan, and work hard!


DJIA forecast for the week starting 3 Sep 2012

Though Bernanke, speaking in Jackson Hole, Wyoming, dashed some hopes for a signal of quick action, his comments bolstered bets that the central bank was closer to providing more stimulus for an economy that is close to stalling.

stocks has been flat much of last week except Friday.  For the month, Dow has rose 0.6%. Volume was light but above the low levels of earlier in week. The four other days this week were among the five lowest for volume all year.

Technical Analysis

Dow is currently resisted under 13150, current resistance 13100.
After the speaking in Jackson Hole market has shoot up to 13155 and brought the stochastic is high (overbought), reckon market to suffer sideways movement testing the resistance 13100 - 13150 pts in a symmetrical triangle pattern.

suggest to stay out and observe for opportunity towards breakout.

breaking up the resistance level shall lead Dow towards 13200 pts then 13350 pts.
breaking below support shall bring Dow down to 12950 pts then 12780 pts.

Nasdaq 100

Bullish on Nasdaq 100 -- it has posted the best performing month since February 2012.
all time high, what's more, breaking higher above 2800 pts will only bring Nasdaq 100 higher towards the ceiling of any chart :)

If there's a technical correction Nasdaq 100 shall fall to main support 2720 pts before the rally continues (although I don't think Nasdaq 100 would settle so low).

I like about Gold

For the week, I'm drenched in Gold.

Long a few times, triggered stop loss a few times ... I think 5 times in total.

Some stop loss are losses, some are little profit after market moves in favour.

I'm mentally challenged after the last time my stop loss is triggered. Yet I'm still a strong believer that.. Gold could FLY!

The last 2 attempt to Long - Gold is hovering around EMA50 (4 hrs chart).

And due to many times of losing this Long position, fear creeping in... My account is down 30%+

I only have 2 ideas:

1. Just take profit (afraid that they could go away)
So I adjusted my profit target down

2. If the Long trade is gone again and again... Just let the account burn, anyhow, I might need to experience (burning my trading account) one day.

Gold not only surge up 1670, it went up 1690.

I like the mental game, yeah, market not only made it to 2L, but 3L (powerwave), I'm happy for 2 things:

1. happy that my forecast is printed on the chart - and

2. I'm happy to discover that :
my mind is yet ready (i will work on it) - to ride the full wave.


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