gold update

For me , the cyclic and momentum investing or mid term investor I said "good bye gold and thanked you for your ride" may we meet again in the next upward movement. please bring me in again.

The fight begin in ftse30b

A good run of the main board proxy has filled up the gap .At the moment the proxy had met a very nice resistance at 8500 level. The nice resistance at 8500 had to be overcome .If this level is broken to the upside the ftse30 is on the way to 8800
If the index hesitate and enter again the 8300 level then sideways movement is expected. This is the arena where the fight between bull and bear begin.Let us watch who win this time.
so watch 8500level then upside resume, then the bull win.
so watch 8000 then downside resume then the bear win

watchman

The "limbic system"

Keep the Job To yourself.
The surest way to win in the stock market is never , yes never to let everybody knows about what your position are. not to your wife or not to your girl friend or not even asking your kid whether your position is right or wrong.Just you yourself should know about your position.

The only adviser that you should always consult is the "mr. market" himself as he is your only adviser .
By telling people what your position are in the market ,the fear and greed factor will disturb the imbalance of your "amygdala" and thus it will affect emotional state of your brain.This amygdala which is part of f the limbic system that control the 3F that is fear fight and flight then indirectly will affect and manifested through your action.

As in this game the main aim is to get profit nothing else should matter.

data entry

data entry all da abis
ni la pasal kalo komputer buat hal
mesti ada
2 hard disk spare each for the komputer

fb30etf

st-tm excitement (adrenalin shot)

betting on for newbies luck
fearish and enter at 8.48

(again bad start, slippage .05)

position now losing at 8.45

po and cut loss in place

reason enter

in sync with ftse30 (wat ever la...1001 reasons ...now losing)

emotion =now hoping

ftse bursa30- Alert

ALERT

ftse30 proxy for 30mn-bd

for md-tm not in trade

for st-tm

need special alert

rs-ln of 8330 is on verge of breakin the ln

watch this on monday

If fail to brk 8330 with vol/price range

it will play in the sd-ways

If fail dn 8030 then watch dn

Watch the line 8330-8030

emotion=anxious+excited

rm usd chart

smooth sailing

still long

emotion = happy

gold alert

gold on the verge of break down

po reached more than anticipated

internal now weakening

dr-ruler verge of break dn

watch this weak if rm2950 cl-pr do the exit

if not ride on trend

emotion= fear

candlesticks

click on chart.......

Useful Tips

To remind myself each type of rice has different "rice"personality.To cook it well ,depend on what type and brand the rice is and how much water Ur put in.
If "Faeza Tajmahal" (they say good for diabetic patient) 1part rice it need 3 part water
if "Jati Gold" 1pt rice 2 pt water
if "thai hom mali rice"(best aromatic rice.. ur should try) 1 part rice 1 part water .
If I remember this well then my "Nasi " should be well cook not porridgy neither stony

So as chart I will remind myself that not all stocks are created the same .Each chart has different chart personality. And some, they like to the mixtures of these.

some charts like surfing the waves like Elliott
some charts like to dance at Fibo line .
some charts want to be a men like"Head/Shoulder " paten,
some charts like to jump up and down "Gap"
some charts like to cook like saucering paten
some like to drink like "cup with handle" paten
some charts like to exercise like "Swiss ladder"
These charts all have past the acid test and time and time again they have portray themselves in your chart book.
So its all patient to this waiting game and enter ur position well to harvest ur labour.

Sorry if you don't understand

Mosquito Repeller

yes its free ..

aromatic yet repell dengue

see its fibo ratio and its fractal ..beautiful pattern (beside chart pattern)

Lord Mighty Creation

My New Added Family

my hybrid (udang merah + mas pahang) mas merah

...own trial and error

...gap baby gap...

love you my mas merah

Gold Update

gold well at sp-ln at rm2950 .

intent to sell this week at cl-p rm2950 .

full fear at rm2960

rm3047 now

still long...sigh....

Tenaga- Monthly Chart

Chart very very big picture

fundax bad, leo's profit south.

techies bad.10yr ut brk dn

major sp-ln @6.50

md-tm down

st-tm better use hwk eye becoming weaker

ur watchman sideline

april monthly billing

today thinking of ways to minimize cost

1)software use 9yr now (no new upgrade) rm=0
2)data no more subcribtion last services rm300,now get manual data from internet rm =0
3)advisory letters stop this month rm =0
4)seminar just attend atic and free sem. rm=0
5)buy book by jd mass psychology rm=254 monthly22
stop till next yr.good book. pelik sikit.new idea
6)internet stop streamyx now jaring(slow but who cares I am not daytrading) rm =40
7)brokerage still finding low brokerage now rm=.07%(idiot ur AC cekik darah)
8)reduce slippage
8)bill tnb rm =60 minimised surfing to lower rm=50
9)komputer 3, one internet one data one spare (no upgrade and no px) rm =0
save money to buy spare h/d .july ok
for april rm 122.00 .think think are there any ways to cut my cost so net p/m better %

thank you mr gold

gold still in the game today rm3008

cmsb

learn by heart h/s paten

broke dn then try to reach n/l fail 2 x

c-p book text look

vol also book text

for cmsb md-tm is dn?
wait next pattern to form
patient waiting sd-ln

The weekly usd/rm Update

position still long

rm /usd good- up

lg-tm / md-tm long

st-tm don no

ah just ride up , dv-r OK no serious damage still up

only inters undecided

let market decide then take action

use hawk eye dis week or next

ftse bursa30

this mb proxy watch closely

up above rl 8300 cl-p look up can go po to 8800

dn below sl 8000 cl-p look dn

watch and watch let the market decide

just follow market direction

take action accordingly

for st excitement

mt stay out

Gold Weekly Update

the conservative in me and my main aim is not to lose money.

gold had good run up .thanks mr gold.

my next problemo when to exit.

gold find good support at rm2950.think of exit yesterday but it fall at rm2960.today it has gone up rm2998.still in the game .

still waiting

is patient a good virtue ?wait next week for the answer.

AMMB

Technically speaking Ammb for mid term investor is down

The major trend in place now is down

For those who have decide themselves to catch any moves yes the active trader the trend now is up.Look how it was supported by 62 Fib lines.They being equip with all the latest gadget they can decide themselves

For me I am waiting for the confirm uptrend and waiting for the fat pitch

Just your watchman

KLCI-The Very Very Big Picture

Sorry.(sorry here is oK) by giving you the wrong post

The chart that I am posting to you today is the bigger picture of what you should see in KLCI.
It started in 1977 till today.
Did ur see that for every game played the KLCI need a rest .Sometime it just take a nap and sometime she slept for quite a while .
Did you noticed the bull that took out in2001 (after the tech bull bust) last till 2008.
Enough of saying its better that you clik the chart to see your self?

Memorize This Pattern

Yes the pattern is call Cup and Handle pattern or (Cawan dengan Tangkai nya..pelik sikit bunyi nya... tak ape nanti saya akan discover pattern lain saya namakan periok dan belanga..)

First discussed by O'Neil .If you are a long term investor or mid term investor this pattern has pass the acid test to make you filthy rich.
Provided that you have the heart of steel to sit on it .

Have you ever wonder why to most of the chart that I had posted I am using monthly or weekly. Mainly because I am a midterm or long term investor. As I am conservative with my game plan.

Air Asia

All the news are talking about airlines now.With cancellation of flight to cutting of personal to winding up of company all have relation to the cost of oil.
So oil is the major hindrance factor for this stock to fly up.

Technically Air Asia the mid term picture outlook is down but in short term picture though is up but she need more power to pass the 1st Traffic light. The power it need is the volume and its TA internals.
The for momentum trader look at 1st traffic light to pass through.If it pass the 1st TL then for quick trader take notice at 1.40.with break up to upside with bigger volume and its price range With minimal Po of 1.45 is it worth it to take the risk.Yes if you are the risk taker, young and agile with tons of money.
click chart to see the bigger picture

For mid term and oldies like me its better let all the dust settle first and then enter when the proxy is on confirmed uptrend
Better to protect money in the safe first.

isn't it the First rule of Buffet never To Lose Money

The Above Man Said

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. --Jesse Livermore

Warren Buffet Said

In this game, the market has to keep pitching, but you don’t have to swing. You can stand there with the bat for as long as want until you get a fat pitch”

.. Warren Buffet

Gold Alert

For mid term investor gold is becoming weaker.

What should I do now? Who should I ask? Then I ask Mr.Gold himself ? Why?Because he is your best market Guru

Hey Mr Gold do you need a rest now?

Have you reach your initial Price objective?

With a destined journey there are many stop? Is this your initial stop journey?

Is this your initial stop journey would be? I ask 1000 more times.

Ok Mr. gold if you fall below 2950 next week at closing price then I stop out? If not I will ride the trend. I will sell 1/3 of my position.2/3 remaining I still hold as I know this is a generational bull market in you.

Why ? At this initial stop you had given me more than what my PO is asking for?

Thank you Mr Gold.

Then my heart is repeating saying it again “Oh lord from this sinners lips’ to your gracious Ear let be win again this time.”

Weekly gold update

The gold had a good run up since its leg up phase since early Sept 2007 up till Mac 2008.The sideways trading range that started from middle of May 2006 to late August 07 took gold more than a year waiting period to see it broke its trading range .
Did you see the price action when it broke to the upside on early Sept 07 and did your see the price range? did ur see the gap

By looking at this latest gold chart if you are having only this tools, it pays to be a midterm to long term investor if you are investing in gold bar.
But for active trader who are more equip with all the tools and sophisticated software trading gold especially with e-Gold, they had been paid handsomely.
Isn't it not better to buy it on the breakout, though the price is high but the probability of being right is higher.Isn't it frustrating waiting it during its sideways movement watching it up and down without any significant price change.
Isn't it better during this time to put your money in Fix deposit that can earn you interest? Usually during this period the Pros with large amount fund accumulating without we the novices or beginners ever noticing.
What in store for us for next week ?
Only God knows?
But with little knowledge that have , we see that though gold had showed weak internals but the ruler is saying that the trend is still up. up my gold.
You have to watch it closely next week if the TA has change .IF next week the TA indicator change and your ruler had seen break down trend line its a warning for those that are mid term investor to be on the look out.

But for long term investor if they would not like to spend their bill buying lot of Panadol need not to worry as The bull in gold is not over.It has many leg up phases to go.
In summary please decide what type of investor are you , are you are a risk taker,what type of arsenals you have in your war chest and then act accordingly to who you are?

sorry no chart.....this week my platform ada problem kalo ada rezki tomorrow
zu must be very rich by now trading gold remember 1600

The weekly usd/rm Update

Did you see the bigger picture of usd/rm?
Fundamentally is weak that is the bigger picture?
Rm/usd had been enjoying the uptrend “train” since 2003.

In charts there is no severe correction in usd/rm has occurred.
Again the ruler is saying up, so ride with the uptrend.
Just to be safe, be on the look out to see any lack of gas it has since the journey blast off . Ah yes the indicator says its gas is becoming “lesser”.
Stop for awhile to fill the gas so that she can continue the journey upward. That will occur if the ruler stop the train.

Sometimes its good having a safe journey.Klik on chart to see the bigger picture.

Thanks for reading.

Sometimes Charts do Lie

When people confronted with fear to save themselves, lies are instant protective mechanism to protect themselves .
So as chart , when certain uncertainty prevail the 'composite operators' can paint the chart beautifully so as to attract as many novices to hold on to the last chairs.
The terms 'bull trap' or 'bear trap ' commonly describe to many tech analysis best describe those terms.
Alas but those episode came after the fact ?
How we can protect us from being fall into those traps?

The best way is , admit we are wrong and start all over again. Cut your loses as soon as you see your entry is not valid anymore.
Thank you for reading

Weekly KLCI update

Long term down and mid term probability is down

For Short term, Mr market need all the Tongkat Ali power to fill the Gap. Probabality is up

Klik the Chart to see the better picture

Your watchman.... trying to get the clock repaired

The Weekly Usd / Rm Update

When the back of the Bear rm/usd was beaten in July 2004 , new Bull was born in usd/rm .That was the day, Malaysia had removed its Pegging policy to float its currency. The ringgit Malaysia had ever relentlessly moving up with higher high and higher lows. In simple English ...Up and up .

Their "crowd" are saying that usd /rm will be trading at below 3.00 before the year end in 2008. Now its trading at 3.1915. Are they saying the truth? Now is your job to do your homework.

The Chart is saying "Yes" as the ruler is still up . The price had not yet break its up trend line, though now ( for mid term investor put on your "Hawk Eye ") is becoming weaker. Reason rm are: rm is on OB condition and its TA internals are at weak and pointing to hook down. But for long term there is nothing to worry about..... just ride on the trend. If next week, the ruler break down and the internals confirm it then for mid term investor just beware.

As long as usd index is in bear market our rm will be in bull market.It's the usd index which is bear market, that make rm a good currency now. Nothing to brag about except now though the oil had surpassed usd 100 per barrel but Petronas profit will not be quadruple as before the peg . Because now we get lesser ringgit for every 1 usd. If assuming our pegging policy is in place Petronas Profit will be more than hexagonal then the funding of Penang second bridge will be not be a problem.
As for our student study in US, they will be sad when they came from US they will get lesser rm for every usd dollar they change at the money changer.

Please click on the chart to see the chart more clearly. Notes written was simple as possible for me and the newbies.

Your watchman.... trying to get his clock repaired.

The New Survey

To make the survey more meaningful to our novices readers, I am hoping that the Pros who read this blog please vote into the Survey.

The last survey only 8 readers voted and the results indicated that the KLCI is down with 1 voter say its up while remaining 1 says sideways. To voters I thanked them who are brave enough to put their thinking into action.

Thanks for reading..... and keep on voting