Updates on 11-Nov-2011

EUR/USD

Unable to break above resistance 1.3860, and last night EUR/USD break below support 1.3600. EUR/USD shift to a bearish gear to test next support 1.3500 and strong support 1.3400.

YM

I am 1 day early to short the market... and just missed the 400 points range.
I expect market to consolidate a bit while testing support 11570.

If YM continue to drop below 11570, then shall hit target 11450 soon.
Enter with Fibo range:
Long 11600 SL11550 TG 11850 (or EOD)
Short 12000 SL 12050 TG 11800 (or EOD)

Aggressive trade, Enter with Initial Shadow:
Short 11750 SL 11800 TG 11450.

GBP/USD

For some readers who follow the previous post, I am looking forward to GBP/USD hitting above 1.6160, however, with the market being resisted at 1.6130 and close near support, I abandon my long.

Expect market to test support 1.5860 (previous 1/3 retracement).

If we switch the chart upside down, it might also signal the start of the GBP/USD melt...
I take no action to long nor short but wait.

GBP/USD on 8-Nov-11 Tue

Monthly Chart: consolidation with bullish bias
Weekly Chart: 1st bearish candle after 3 consecutive winnings.
Daily Chart: Bullish - fulfilled 1/3 retracement.

From the bullish outlook on the daily chart, GBP/USD has completed its 1/3 retracement on last Thursday (3/11). If this support level 1.5860 is holding up strongly without being re-test again this week, then we shall observe GBP/USD testing last week high 1.6160, once it break above 1.6160 then set to go to next target 1.6350.

Intraday 4 hour chart:
GBP/USD has found a temporary support at 1.6000 region, has been bouncing off the EMA50 support lines, which means, after the retracement, market consolidate and once breakout (BKO) it is ready to go.

GBP/USD is trading at 1.6050, and I am going to trade aggressively today to enter with initial shadow, coupled with EMA50 short term trading strategy.

Yes, there might be two entries if market show us these realiable pattern.

Position Trade:
Long 1.6007
SL 1.5950 (50 pips)
Target 1.6310 (300 pips)

Today going out to watch Real Steel, I think this movie has been showing for quite some time.

And I couldn't trade from my mobile recently (for IG), I don't know why, may be they blocked access to certain websites.... aiks... I think I have to bring my laptop out with me...
I find this broker quite reliable (till date) and do not want to change any time soon.

DJIA and Nasdaq 100

Hi all, sorry that the update is rather late this week, I were busy for the weekend coaching, attending my friend's dance studio opening, a few gathering and meetings, cutting cakes, pot luck... the weekend is simply --- packed and filled with a lot of blessings.

I hope all have enjoyed a great weekend, and those who are celebrating Hari Raya Haji (Malaysia & Singapore) have fun! Today is the last day of the long holiday, let’s make it count!

Wall Street:
We have NFP announcement last week, job creation is only 80k numbers, and the numbers indicating a rather stagnant job growth, unemployment rate is dropped to six months low (yey!) 9%, previous month 9.1%.

There are many other part of the world actually has higher unemployment... Spain 20.5% (September 2011), Euro Zone 10.2%.
P/s Malaysia: 3.1%. (August 2011)

Related: http://www.statistics.gov.my/portal/index.php?lang=en
Latest Data here http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=275%3Anational-summary-data-page-real-sector&catid=91%3Ansdp&lang=en

DJIA

For power wave traders, you'll recognize that 80 is a good number for DJIA.
Previous week Dow hit to 12288, and last week in line with MF Global news, market tumbled, shed more than 550 points in two days, and recovered 50% on Wednesday and Thursday.

Friday is a neutral trading day and as usual we stay out of NFP.

What do we expect next?

From a smaller time frame, I am expecting market to recover up to 12150 region (another number 80, hey!)

P/s: if the bull is strong, we may see market test previous resistance 12288, break above it and form a marginal top @ 12450-500 region before the waterfall begins.

This week is a crucial week to watch for reversal, divergence, resistance, etc. etc. to catch the south train... can you smell it? Mid November we expect the rise to HALT, and I am EXCITED!!!

Short Term daily trading, Monday view: Consolidation bias up - Enter with Fibo Range:
Entry for YM (on my Broco MT4 CONT chart):
Long 11750
Short 12130

On IG Wall Street CFD:
Long 11810
Short 12190

And I will park another short at 12150 / 12210 for position trade.

NASDAQ 100
Last week Day 1: Gap down, Day 2: Down, Day 3: Gap up, close gap, Day 4: gap up, Day 5: neutral...

Support: 2330
Monday: consolidation bias up to test resistance 2370. Nasdaq 100 trading at 2360 so the profit range is too small compare to the risk levels... (Risk 30 points: Reward 10 points), let’s say market return to 2nd resistance 2390 the risk is still less than 1:2... So I suggest to stay out of this market and wait for divergence / reversal pattern to form either at R1: 2370, or R2: 2390 by mid/end of this week.

Transaction (FX)

Yesterday position closed.
Last night opened another position after BKO, Short position opened @ 1.5945, earlier preset SL 40 pips but manage to move SL to entry (floating profit 50 pips), target shift to 1.5800 (145 pips).

Last night shorted YM, and very bearish after CNN announcement (forgot what was the news bcz I am half way sleeping), I shifted my SL to entry but market reversed and killed my position.

Market has fulfilled 1/3 retracement after the week's fall and I believe the market will continue consolidate for a while, going to test Tuesday low again near 11550 region.
Resistance at 11800.

Transaction (FX)

Short GBP/USD at 1.6020, SL 30 pips (1.6050) TG 140 pips (1.5880).

MF Global file for bankruptcy on Monday 31-Oct-2011

OCTOBER 31, 2011, 6:57 PMLEGAL/REGULATORY
Regulators Investigating MF Global for Missing Money
BY BEN PROTESS, MICHAEL J. DE LA MERCED AND SUSANNE CRAIG
9:55 p.m. | Updated
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.

You have to give, before you can get

It was a wonderful team effort last weekend and the result is far far better than what I initially expected.
Sifu conducted 3 seminars in total, 2 for the broker house, and 1 seminar to launch GTI.

For those who do not know my Sifu DAR Wong, or my mentor JC, they would think that I am bias... may be I raise them so high up on the pedestal, but Yes, they are, if you don't agree, just check it out, and I believe, time will tell.

My Sifu - a great master with 22 years of trading experience did two seminars for free, travel from Singapore, and to Malaysia - Penang, and now coming to KL... he shouldn't need to travel so far, so rapidly... he do not need to care for the people around here, it is not his obligations...

When it comes to our day to day life... some times we will compare with others, and begin calculating.
Why someone who is so quiet, can get so many support?  May be we will think, he is not that good looking, he don't speak as fluent as a speaker shall speak, or he is not as tall... sort of comparisons..

Yeah, life is not fair.

But look, over time, when we first started, we never have any expectations, and after we are getting better, we start to have higher expectations, not to ourselves, but to others as well.

Yeah, not fair..

Like, Women can keep Long hair, and contrary to that weird if a guy keep long hair go for rebonding / curls..
Gals should have put on makeups...

But this is also what makes us feel depressed, upset, but... relax, and get up and get moving.

Recognize the mental state, it is VALID, it is ok to feel depressed.
It is just normal.  Sunrise, Sunset, Rain and Shine.
Acknowledge it, relax, get up and get moving.

Tonight celebrate mentor's Birthday! Yey!

GBP/USD on 31-Oct-2011

GBP/USD last traded at 1.5973 which has already hit our daily target.
however, look at 4H chart it is going to touch the support line 1.5950.

If GBP/USD continue to piece below 1.5950, but reverse up, I will Long the GBP/USD -- we forecast the week is a sideway market either trading to test low, or test resistance 1.6160.

2pm is the decision making point, and once I hit the Long, I will preset the stop loss at the point where it goes to the lowest point, this would be a short term trade which might only last for 4 hours, before the announcement at 6pm as I printed on the chart above.

The butterfly pattern is emerging in 1 Hour chart which also support the short term long view.

Cheers to all.

DJIA on 31-Oct-2011

The pattern is getting clearer and clearer...

Hope that we can get some Elmo's for Christmas...

Tuesday will be a public event to launch our World GTI.
It will be Sifu's last talk for year 2011, then we will have Loooong holidays, until after CNY.

Shall plan for some gatherings and market update and see how's everyone progress and answers some questions, and chase for the homework associates owe it to themselves =)

DJIA and Nasdaq 100

Hi handsome and pretty traders, it is Haloween and I hope all have fun, just came to know why is "haloween" from one of our forum writer HP.

Our team went up to Penang last weekend for couple of talks and launched our GTI in Penang, the respond is good and I am glad to see so many quality subscribers from this land, not to mention the heavenly hawker food and char kuey teow, assam laksa... yummy yum

ops, sorry for off topic a little bit, lets look at the market update for Nasdaq 100:

Nasdaq 100 has break above 2400 and it is approaching the strong resistance level 2435, we have seen some weakness on Daily Chart especially on last Friday.

I am expecting a sideway market testing either the support level 2350, or going to the top 2435.

Advise to stay out of this market and observe for strong reversal signal, may be in mid November.

DJIA and Nasdaq 100

G20 meeting has finally came out with a mutual agreement in view to "cool down" the Euro-Zone Debt Crisis.

DJIA has risen ahead of the announcement, and last Friday we finally see the bull slow down closed the week at 12231.10.

Weekly Chart: Bullish
Daily Chart: The bull shows fatigue with a reduced day range in line with the concern over Europe Concern.
Intraday: 30 minutes chart is showing a divergence which suggest a temporary retracement.

I am still bullish on Dow, after the retracement, market may resume uptrend and looking at next target 12450 and ultimate 12750 in early November.

From 30 minutes chart, it has hit 2L in line with a stochastic divergence, therefore I forecast market to do a slight retreat back to current support 11950.
In the event market falls below 11800 then I might have a second thought of the continuity of the uptrend.

Quick Update on NQ

although our forecast is right about NQ - reached 2385 high last night, we expect the bullish sentiment to continue.

Although I am agressive and aim to enter at 2308, market didn't retrace but straight up to 2385.

Today I forecast the market to continue to surge higher to hit 2400 - 2430.

Aggressive trade:
Enter Long with initial shadow at 2354 which is also 50% of Fibo Retracement from yesterday's high-low.

DJIA

Bold uptrend.

Daily chart we have seen some very bullish EMA crossings.
There's no sign of reversal yet, stochastic normal.
Daily candle normal.

Strong support at 11480.
(Dow keep making Loooong shadows on weekly chart, beware of any long position)
If the positive news keep pumping in the market, it might go all the way to 12300.

DJIA and Nasdaq 100

DJIA

Last week we forecast market to trade in range capped between 11580-11800.
It was a choppy week, Monday Down, Tuesday Up, then Down, Up, and finally Friday make a final boost to 11800.

As spoken last week, DJIA shall face resistance at previous pincer top and 11800 shall be the highest it can go. Clue 1:
Last Friday, DJIA surged to 11800 and close at 11808.80, break above our resistance 11800.
Clue 2:
EMA4 and EMA200 almost crossing.
Therefore,
the chart looks bullish with immediate target poised at 11950.

Support 11650.

Next target is 12100.

Average Trading Range (Weekly Range): 640 pts
Average Trading Range (Daily Range): 205 pts.

Nasdaq 100

Quote my own forecast last week 17-Oct-2011 Mon:

NASDAQ 100 closed the week at 2371.94 still have rooms to "grow".
More optimism on this market and forecast the super bull to go all the way until next resistance at 2395-2400.

To trade for reversal profit, observe 30 minutes chart (like I do) for top down reversal confirmation.

Reckon market to form a double top in line with a stochastic divergence near the resistance level 2395 - 2400.

Instead of going up, Nasdaq 100 traded down to 1/3 retracement level.
I am still bullish on Nasdaq 100.

Sideline:
Watch NQ_CONT chart.
It was trading at 2328.50 and the market is showing a pause for the uptrend.
lets say market retrace, it may drop to 2270 maximum, which we identify this is a strong support, therefore NQ shall not fall below 2270, it is a good level to pick long.

However, if market fall below 2270, stay out.
For aggressive trader like me, aim to enter long at EMA50 (4H), which is 2308.
and aim to exit at 2400.

The BIGGEST Catch for next month is top down reversal as we mentioned the resistance for Nasdaq 100 is 2400, NQ chart is 2430, and therefore, don't forget to observe for reversal in daily and 30 minutes chart, exit at the right time, and never hold your profit until it turns sour.

Till then, Cheers

DJIA and Nasdaq 100

Good morning traders! I was feeling sick last night and sorry for the late update.
Its a new day and lets hunt for some good trading opportunities.

DJIA

DJIA is boosted up last Friday by strong recovery in US retail sales, it closed the week at 11649.

Technically DJIA is trading back to previous strong resistance level (pincer top) 11720 and EMA200 - which is only 70 points away.
Traders and Investors are suspicious of the continuity of the up-trend.

Forecast market to trade in range for the week 11580 - 11800. Suggest to stay out.
If there's open position, observe market reaction near resistance.

Just in case market releases good news and DJIA break above 11800, next target could reach 11950.


NASDAQ 100

NASDAQ 100 closed the week at 2371.94 still have rooms to "grow".
More optimism on this market and forecast the super bull to go all the way until next resistance at 2395-2400.

To trade for reversal profit, observe 30 minutes chart (like I do) for top down reversal confirmation.
Reckon market to form a double top in line with a stochastic divergence near the resistance level 2395 - 2400.

Related:
http://data.cnbc.com/quotes/.DJIA
http://data.cnbc.com/quotes/.NDX

EUR/USD on 17 Oct 2011 Mon

Monthly Candle: Yet to finish
Suspect next strong resistance to be at 1.4130 region, based on last month (September - Bearish candle) to this month's (October) fibobacci retracement levels.

Weekly Candle, super bullish, proven last week's reversal pattern and EUR/USD managed to crossed above 50% Fibonacci Retracement Level (1.3760) and almost touching my weekly target of 1.3900 region.

Next target is tough but possible.
Early of this week, EUR/USD may face resistance at daily ema200 1.3950 which is also around my profit target range.

Although my forecast was right, my entry is not good, i queue to enter when market made 2L, hoping for a 1/3 retracement, but market didn't.

I queue to enter at retracement, when market hit 3L, but market didn't.

When I chase market and enter on Thursday, market consolidated a bit, before going up, without making 1/3 retracement.

hahahaa... better sharpen my entry.

Trading Plan: to Long

EUR/USD closed at 1.3879, Monday can enter Long with initial shadow around 1.3820 region if market didn't gap up / down.

SL can be slightly below the group support level 1.3780 region.

Target 1.3950.
Next target 1.4080, take note monthly candle resistance 1.4130.

EUR/USD on 11-Oct-2011 Tue

Up Up

Looking forward to a fibo retracement back to
support 1 : 1.3543, or
Strong Support (Support 2): 1.3464.

Weekly Target to reach
 TG1: 1.3740,
TG2: 1.3910.

DJIA and Nasdaq 100

DJIA

Dow rebounded strongly after touching low at 10400 regions, it reaches our weekly bear target in just 2 days!

The strong rebound has bring DJIA back to 11200 as per Sarah forecast, which is also a desired level to short,
In line with a bearish reversal candlestick pattern on daily chart.

We forecast DJIA to trade down back to support 11000 region during early of the week,
While weekly candlestick pattern proved a high resilient at 10400 support,
I suspect Dow to mark another top at 11350 region towards end of the week.

Traders can short at initial shadow during early of the week,
but observe for long opportunity when Dow approaches 11000 support regions.

YM

Closes at 11046.
Short at initial shadow 60 points away from opening (est. 11120).
Observe for Long opportunity when YM approaches 10900 support regions.

NASDAQ 100

Target for the week (Up) 2290 resistance.
Forecast market to face resistance at current level and going down to test support 2170.

Good to short on Monday at initial shadow 2216, SL 2228 (Fri High), TG 2170 or close EOD (End of Day).
Aim for long opportunity during mid-week when Nasdaq 100 trading at 2170 or 2135 as spoken.

Related:
Last Week's Forecast
http://ayumi216.blogspot.com/2011/10/djia-and-nasdaq-100.html
APSRI DJIA Forum
http://www.pwforex.com/forum/viewforum.php?f=8

APSRI Forum here: http://www.pwforex.com/forum/
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/

EUR/USD on 4-Oct-2011 Tue

We observed a triple pincer on daily chart and signifies EUR/USD is strongly resisted at this level (1.3660).

Yesterday is a free fall market, EUR/USD lost 160 pips and formed a bearish candle.

This morning the market is rather quiet, as usual, while we are closer and closer to Euro open, I reckon market to make a pull back, resisted, and continue trading down.
Weekly target is 1.2930.

Would the pull back make EUR/USD return to 1.3335?? I don't know, aggressive trader can enter and short at 1.3230, SL 50 pips, TG 150 pips.

YM on Tue 4-Oct-2011

Congratulations to traders who short YM at 10900.
wonderful slide last night, so blessed and such a beautiful profit range of 300 points!

Again, YM will be supported (temporary) at previous week low.
YM open at 10550, aggressively, today will place another pending order to short at 10620, SL 100 pts, TG 300 pts.

(just realised I have entered a wrong SL figure during yesterday's post... sorri sorri)

Forecast market to test 10600 resistance, if break above 10600, next place to short is 10770.

Selling pressure is high!
Once YM break below 10550 (yesterday low) it will come back to 10450 as per my weekly target.

Rehearsal~ Donut & Cookies

Ayumi is very happy today cuz it is a special day!

My niece b'day today!

And today is last week before weekend's performance.

Today after my solo practice (ya... Dance from 7pm for 3 hours), I receive a yummy yummy reward!

^^



So blessed~



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