US DJ Getting Ready to Test 9700? Will CI Break 1200?

US Dow Jones close at -37 at 9544.20, August Month Lowest was 9116.52, Highest was 9630.20, meaning it has been ranging around 400 points marginally. I suspect the drop maybe due do the news that 3 more US bank are shutting down, making it a total of 84 Bank Closures in the year 2009.



Personally I think the market is going into a temporary consolidation, Sept month is normally more cautious as most crashes occur during this period. Like 911, 916 Lehman Brothers Bankruptcies and Bank Foreclosures. Of course again financial results announced.



US DJ Daily Chart shows signs of consolidation from Stochastic, MACD, Bollinger Band and Moving Averages. Normally there is a big trend after Consolidation, so be cautious of trending signals. In the event that a crash does appear and the support for DJ at 9300 level is broken. Do expect a slight correction. Moving Average hasn't crossed yet, but MACD & Stochastic is crossed. market is consider sideways for now. August month was a sideway and tough trading low volume month.



KLCI Chart shows support around 1157 & Resistance at 1194 accroding to the Bolinger Band. Do take note that its daily chart is also consolidating like the US DJ Charts. The Last Trading Day of the August months' Volume was slightly up. Stochastic and MACD are at peak and starting to come down. So market is consider sideways also.



The KLCI September Contract does seem a slight consolidation also as it follows and is on par with CI. Personally I don't like the fact that it slump down to 1167 during the last trading hour on Friday. Highest on Friday was 1177 and Lowest was 1167. KLCI Close at 1174.47. Meaning its at Discount about 5.5 points. Personally I consider the market is sideways if the Futures is at Discount. Its only consider bullish if the Futures is at Premium of 4 points, very bullish if its 6 points.

In Summary, trade with caution, and if you are a scalper or intraday trader, take profit when u earn about 5 points.

I notice that for example, if US Dow Jones was up -37 like Friday night, let's assume that its 4 pionts. KLCI August Month Highest on Friday was 1173.50 + 4 points = 1177.50. 1178 was the highest and with only a few contracts done. So if we take profit or reverse our position at 1175.50 we are consider "Safe Entry".

From the time being, I wish to test this Calculation Theory and see how it goes.

Imagine Waking Up with USD160? Paid to Sleep!

Imagine waking up to USD160 every morning? Its like we are paid to sleep? Still have doubt about trading Forex? Go for Super Consultancy!

Another Happy Morning for me.

Imagine earning USD106 every morning before lunch? :P Care for Lunch at Hilton? Or Japanese Buffet Dinner at Jagoya Starhill when I go to KL? :P

That's the future lifestyle that I want. Of course, got MJ Life Health Management to monitor my health also lar. Go out drive BMW and Mercedes, Wallet use LV. :P

Imagine earning USD200 every night?

Imagine earning USD 68 and USD158 every night? Let's just say USD200 per night.
So in the morning, we can earn money from Stock Market (Good Investment Counters like Genting Singapore which runs from SGD0.32 to SGD1 now). Futures we can earn about RM250 to RM1000 per contract. CPO about RM500 to RM2000. I would guess its really a great life.

And in the morning, we can always use M30 or H1 chart and place orders on Forex and trade mini accounts and maybe earn USD50 to USD100 in the morning and afternoon. Life is just great!

So happy with it! Super Forex Rules!

Amazing Discovery with IKO Forex Trading

I recently attend a Super Forex Trading Class organized by Super Consultancy Asia Sdn Bhd, and to my amazement, I had no idea trading Forex was so easy. Imagine all we need to do is just look at the charts and the Trend and Indicator Signals (Like those that I use in Future Trading) and then just decide on our buy sell strategy.

The Key thing is not to get greedy with our profits. Let's just say we can earn 10 pips to 50 pips per day or per trade, its consider very good already. My 1st day of trial trading with the Demo Account using USD 5 Million (yes, I wish I had USD 5 Million now ;p).

Assuming we start with USD1000 or 2000 real money, and we can earn like 50 pips to 100 pips per day, thats like almost 5% to 10% per day, which is really achievable. As show on the chart of the USDJPY Currency below. The currencies is very actively traded and is highly volatile. By using the 18 confirmed indicators Signals, we have 80% & 90% Accuracy of our tradings. Just by trading the USDJPY alone, we can earn 128 pips within 2 hours. that's USD128 profit with just USD1 traded!



Most of you heard of the Price of Gold Going up very strongly due for the last few years, on Friday saw the price of gold going up from USD934.00 to USD956.00, thats like USD2200 if you trade USD1 per pip, and USD22,000 if you trade USD10 pip only! My god, imagine earning USD22,000 with USD10 capital per trade only.. My god, its so amazing!



EURUSD 30 Minute chart clearly shows an Uptrend and a profit of 143 Pips if we buy from the low after it breaks the Yellow Line. By using MACD, Stokastic and Parabolic and other important Indicators, we only enter when there is a confirmed signal.





During the Course, they also give us quite alot of useful indicators and signals so that our trading is more safe and our profits are more assured. This is great, with Arrow Signalling when to enter and when to take profit.

So what do you think of forex? Personally I think it is the fastest Investment Tool on Earth, just don't get greedy, earn a few % per day, just take profit, and then compound it. Do remember, if every trade, u are earning, u are compounding it every trade. Not Just Weekly, Monthly or Annually.



USD 5 Million, which is = RM18 Million. Wouldn't that be a great dream?

Imagine earning USD100 to USD200 per day with USD1000 or USD2000 capital. And then compounding it everyday for 250 trading days per year. Do u know how much u would have after 2 years? More than USD1 Million. Personally I have fallen in love with Forex Trading, what about you?

US Dow Jones Break 9500, KLCI Must follow

US Dow Jones break 9500 till 9519 highest last night, thus Positive sentiments have returned to the US Market. US Housing Market Sales have started to surge 7.2%, its the best among the last 2 years.



Markets will rally for a while due to this positive sentiment as US Dow Jones Breaks new high, the indicators in the chart also signal an positive uptrend for the next few days which is midterm. The Stochastic and MACD and looking good and is on a small uptrend. Parabolic Sar is also starting to form up at the bottom hence forming a Small Rally Signal. I expect the Market on Monday and the follow few days.



KLCI Futures Charts showed some Consolidation previously, with support level around 1148 and resistance at 1170 or the midterm, once broken 2nd resistance would be 1190. This months correction was around 40 points from 1189.50 to 1149.50, meaning it won't drop more than 50 points during a correction.



Only when the market drops more than 100 points would we be considered a bearish market. Our Market is now consider low trading volume with less than RM1 Billion done everyday.



The 5 min chart for last Friday 21st August, show a drop in the morning due to the poor shipping rates of Asia, hence casuing Asian Stock Market to pullback for a while. However, in the afternoon even though China governmetn announced they are Tighthen Bank Loans, regional markets starst to recover and hence consolidation for the whole afternoon between 1157 - 1161. Normally after Consolidation there is a new direction. And with US DJ markets showing more positive sentiments, do expect a small uptrend.



Do take note that normally August and September month is sideway months and consolidation periods. Don't be overjoyed with the midterm positive sentiment. For the past few years September is always a very volatile and crashy month. So do be cautious. And remember its always a good time to buy during a crash when the volume is low.

Forex Trading - A New Frontier for Malaysians

Recently I attended a Forex Trading Boot Camp organized by Super Consultancy Asia Sdn Bhd. Personally I feel that its time that I get into a more aggressive return Investment Tool instead of just waiting for the market to break the Sideway consolidation.

My 1st Experience with Forex is that it was able to Generate a Return of almost 500% to 800% within per day, and its simply very shocking for me.

Plus you can use a Free Demo account of USD500,000 so you can practice your trades without making much real $ losses yet. I hope you all will join me in this new Forex Trading Era.

Life is going to very interesting for me from Now on. For those of you that are interested, remember to say I (Chew Wui Pin) is the introducer so you can get into the Seminar for Free, else they will charge you for it.

US DJ Looking Weak - Possible Correction?

US Dow Jones has started to show signs of Profit taking last week after sideway for a while. This might be due to the Overheated Rally maybe over. It has been 4 months since it rally from the low 6500 Level.



KLCI & KLCI Futures Chart shows that the market is consolidating and the moving averages are crossing and hence forming a Consolidation and Sideway market and is looking for a new Market Direction.



From the 2 Charts, its also shows that the MACD and Stochastic is getting weaker and might be ready to come down. Should KLCI futures break the 1173 Support Level of Last week, expect the next support to be around 1165. Meanwhile, my trading Strategy is Short when KLCI Break 1189.50, CI won't go up fast when it breaks new high as we seen previously.

Break new high, then come down and rest, break new high, then pull back and rest again.

Market Consolidating for New Direction

KLSE & KLCI is now at a Consolidating Stage where the market is expected to hover around 1180 to 1200 Level for the next few days until a new direction can be found.



It has been hovering around 1178 to 1190 level for almost a week now, and tonight most likely US Market will be side way also as shown in the Regional Market, US DJ Futures & European market are trading Lower now.



The KLCI Chart seems to be reaching a peak with the MACD at its peak and the Momentum is slowing down. Do expect a pull back should there is a slight drop below 1178 level.

Get Ready for RM10 Billion Amanah Saham 1Malaysia Fund

Today will be the day the Malaysian Government starts issuing the RM10 Billion Amanah Saham 1Malaysia Fund. If the market is very positive and optimistic about this news.

I foresee another 30 to 60 point uptrend for the KLCI, however, do take note that regional Market sentiment would still affect the performance of KLCI Futures.

US Dow Jones Market has broken 9300 Level but has starting to loose it steam, it went up about +33 points last night. With Nasdaq breaking the 2000 Level and S&P Breaking the 1000 level. This is a good sign that the market is bullish.

However, KLCI closed at 1170.50 yesterday while KLCI remains at 1179.0. Today KLCI might Gap up and then soften down. Remember to use 5 Min chart to monitor.

A Good July Month - RM3000 Profit, 60% Gain

July Month has been a good Start for me, despite the fact that I was away for holiday during the 1st 2 weeks, after I was back, I manage to earn some $ for myself and my clients during this market rally.. So I am quite happy with it :)

Hopefully I can do better in the months to come as I am sharpening my skills more and more now.

US Dow Jones break 9200 Level but pull back. only Up +17 Point

US Dow Jones breaks new high of 9218 last night, but retraced back to 9171.61. Hence this would be forming another Doji & Uncertainty Candle Stick for the US DJ Market.

Uncertainty normally means that the market is consolidating for a new Direction and the charts and economic will be vital for the Market Direction Next Week. So far the Market has rallied for almost two weeks.



The KLCI August Futures Contract suddenly slump down 10 points at the last 1 hour of the trade, hence we should be more cautious when market is near a new high. As there is always profit taking of almost 12 to 25 points drop down. Alot of ppl will mistaken it for Reverse Signal then rebound again. 5 Minute charts shows the trend is moving down to the bottom, but MACD and Stokastic shows a rebound soon.

KLCI close at 1174.90, so if KLCI goes up slightly due to the uptrend due US Dow Jones and the positive economic datas from China & US. It will be a great week ahead. Regional Market now mostly depends on China & Hong Kong Stock Market in the Morning and afternoon, after 3p.m. its European Market and US Dow Jones Futures.






The KLCI is currently at 1174.90, and it still showing strong uptrend in the long term, but do expect some profit taking in this week. The Malaysian Government announced RM10 Billion Amanah Saham 1Malaysia Fund to be release for public investments starting 5th August. This will definitely push the KLCI Index up another 50 to 60 points if the funds are put into the KLCI 30 Counters.

As for Stocks. Sime, Genting Malaysia and Genting Singapore is always at the Top Volume and Gainers among the 30 counters, they are also the major counters that push the Index up for the past 2 weeks.



Do be cautious of sudden profit takings, and trade with stop loss. Monitor Buyer & Seller Signals and trade with a focus mind. :)