Media

Media had on 15/7/2008 traded down to an intra-day low of RM1.79 in high volume before settledat RM1.79 on the same day.Where would be the immediate overhead resistance for Media ? The way Media carried itself wasseen not encouraging with selling pressure likely to press their luck today; however, resistanceselling can be expected at RM1.85. Watch out for an upside breakout at RM1.85 ! Assess youracceptable risk level before making the decision given the uncertainty in external environment.Technical wise :(1) MACD line cut up the Signal line on 9/7/2008 to give a “buy” signal.(2) +DMI crossed over -DMI on 11/7/2008 to indicate an “up” move.(3) %K line cut up the %D line to give a “buy” signal on 2/7/2008.

Forex Ebook

Dave Landry On Swing Trading
Fooled By Randomness
Intermarket Technical Analysis
Long Term Secrets To Short Term Trading
Mastering Elliot Wave
Reminiscences Of A Stock Operator
Stock Market Wizard
Technical Analysis Of The Financial Markets
The Complete Day Trader #1
The Complete Day Trader #2
The Day Trader's Manual
The Logical Trader: Applying A Method To The Madness
The New Market Wizard
The New Technical Trader
The Original Turtle Trading Rules
The Strategic Electronic Day Trader
A Complete Guide To Technical Trading Tactics
A Mathematician Plays The Stock Market
A Practical Guide To Swing Trading
Come Into My Trading RoomTrading As A Business (rar)
Trading Chaos: Applying Expert Techniques To Maximize Your Profit
Trading For A Living
Trade Your Way To Financial FreedomTrading With DiNapoli Levels
Amazing Forex System
FX Power Trading Course
FX Wizard
Forex for Everyone
Online Manual for Succesful Trading
Forex Trader E-Book
Forex Trading With Candlestick and Pattern #1
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Forex Trading Course
Forex Trade E-Book
Forex Trading for Maximum Profit
241 Forex
4 Hour MACD Trading System (rar)
80 Trading Strategies For Forex
A Quick Guide To Trading Forex
ICWR Forex Trading Strategy
NFP Trading System (rar)
Not So Squeezy
One More Zero How To Trade The Forex Like A Pro In One Hour
Peter Bain Tradingsmarts
Practical Fibonacci Methods For Forex Trading
Rapid Forex Trading E-Books (rar)
Realtime Forex
RTFX Online Forex Tutorial
Study Book For Successful Forex Dealing
The Day Trade Forex System: The Ultimate Guide To Forex
Trade For A Living In The Forex Market
Trading System eZine
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Vanessa FX Advanced Systems
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17 Money Making Candlestick FormationsPsychology Of Candlestick
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The Forex Market Phenomena
The Way To Trade ForexStudy Book For Success Forex Dealing
GFT Guide Currency Trading
Online Manual For Success Trading
Online Forex Trading Academy

Forex for Dummies

Forex Basics
If you've already read the "What is Forex?" section then you should know what Forex market is and what it is all about. If not, please, do it. There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:
-Forex Fundamental Analysis
-Forex Technical Analysis
-Money Management
-Forex Trading Psychology
-Forex Brokerage
Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.

Forex Fundamental Analysis
Fundamental analysis is the process of market analysis which is done regarding only "real" events and macroeconomic data which is related to the traded currencies. Fundamental analysis is used not only in Forex but can be a part of any financial planning or forecasting. Concepts that are part of Forex fundamental analysis: overnight interest rates, central banks meetings and decisions, any macroeconomic news, global industrial, economical, political and weather news. Fundamental analysis is the most natural way of making Forex market forecasts. In theory, it alone should work perfectly, but in practice it is often used in pair with technical analysis. Recommended e-books on Forex fundamental analysis:
Reminiscences of a Stock Operator
What Moves the Currency Market?

Forex Technical Analysis
Technical analysis is the process of market analysis that relies only on market data numbers - quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical analysis is believed to be self-sufficient and you can use only it to successfully trade Forex. In practice, both analysis methods are used. Recommended e-books on Forex fundamental analysis are:
The Law Of Charts
Candlesticks For Support And Resistance
Trend Determination

Money Management in Forex
Even if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won't make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management play very important role in getting profits out of Forex; do not underestimate it. To get more information on money management you can read these books:
-Risk Control and Money Management
-Money Management (A chapter from The Mathematics of Gambling)

Forex Trading Psychology
While learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex traders, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often a balancing between greed and cautiousness. Almost any known psychology practices and techniques can work for Forex traders to help them keep to their trading strategies rather to their spontaneous emotions. Problems you'll have to deal while being a professional Forex trader:
-Your greed
-Overtrading
-Lack of discipline
-Lack of confidence
-Blind following others' forecasts
These are very professional books on psychology written specially for financial traders:
-Calming The Mind So That Body Can Perform
-Emotion Free Trading
-The Miracle of Discipline

Forex Brokerage
Every Forex trader like any other professional needs tools to trade. One of these tools, which is vital to be in market, is a Forex broker and specifically for Internet - on-line Forex broker - a company which will provide real-time market information to trader and bring his orders to Forex market. While choosing a right Forex broker things to look for are the following:
-Being a professional company you can trust
-Provide you with real-time quotes
-Execute your orders fast and accurately
-Don't take a lot of commissions
-Support the withdraw/deposit methods you use

Forex Glossary

Ask (Offer) — price of the offer, the price you buy for.
Aussie — a Forex slang name for the Australian dollar.
Bank Rate — the percentage rate at which central bank of a country lends money to the country's commercial banks.
Bid — price of the demand, the price you sell for.
Broker — the market participating body which serves as the middleman between retail traders and larger commercial institutions.
Cable — a Forex traders slang word GBP/USD currency pair.
Carry Trade — in Forex, holding a position with a positive overnight interest return in hope of gaining profits, without closing the position, just for the central banks interest rates difference.
CFD — a Contract for Difference — special trading instrument that allows financial speculation on stocks, commodities and other instruments without actually buying.
Commission — broker commissions for operation handling.
CPI — consumer price index the statistical measure of inflation based upon changes of prices of a specified set of goods.
EA (Expert Advisor) — an automated script which is used by the trading platform software to manage positions and orders automatically without (or with little) manual control.
ECN Broker — a type of Forex brokerage firm that provide its clients direct access to other Forex market participants. ECN brokers don't discourage scalping, don't trade against the client, don't charge spread (low spread is defined by current market prices) but charge commissions for every order.
ECB (European Central Bank) — the main regulatory body of the European Union financial system.
Fed (Federal Reserve) — the main regulatory body of the United States of America financial system, which division — FOMC (Federal Open Market Committee) — regulates, among other things, federal interest rates.
Fibonacci Retracements — the levels with a high probability of trend break or bounce, calculated as the 23.6%, 32.8%, 50% and 61.8% of the trend range.
Flat (Square) — neutral state when all your positions are closed.
Fundamental Analysis — the analysis based only on news, economic indicators and global events.
GDP (Gross Domestic Product) — is a measure of the national income and output for the country's economy; it's one of the most important Forex indicators.
GTC (Good Till Cancelled) — order to buy or sell of a currency with a fixed price or worse. The order is alive (good) until execution or cancellation.
Hedging — maintaining a market position which secures the existing open positions in the opposite direction.
Jobber — a slang word for a trader which is aimed toward fast but small and short-term profit from an intra-day trading. Jobber rarely leaves open positions overnight.
Kiwi — a Forex slang name for the New Zealand currency — New Zealand dollar.
Leading Indicators — a composite index (year 1992 = 100%) of ten most important macroeconomic indicators that predicts future (6-9 months) economic activity.
Limit Order — order for a broker to buy the lot for fixed or lesser price or sell the lot for fixed or better price. Such price is called limit price.
Liquidity — the measure of markets which describes relationship between the trading volume and the price change.
Long — the position which is in a Buy direction. In Forex, the primary currency when bought is long and another is short.
Loss — the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.
Lot — definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).
Margin — money, the investor needs to keep at broker account to execute trades. It supplies the possible losses which may occur in margin trading.
Margin Account — account which is used to hold investor's deposited money for FOREX trading.
Margin Call — demand of a broker to deposit more margin money to the margin account when the amount in it falls below certain minimum.
Market Order — order to buy or sell a lot for a current market price.
Market Price — the current price for which the currency is traded for on the market.
Momentum — the measure of the currency's ability to move in the given direction.
Moving Average (MA) — one of the most basic technical indicators. It shows the average rate calculated over a series of time periods. Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc. are just the ways of weighing the rates and the periods.
Offer (Ask) — price of the offer, the price you buy for.
Open Position (Trade) — position on buying (long) or selling (short) for a currency pair.
Order — order for a broker to buy or sell the currency with a certain rate.
Pivot Point — the primary support/resistance point calculated basing on the previous trend's High, Low and Close prices.
Pip (Point) — the last digit in the rate (e.g. for EUR/USD 1 point = 0.0001).
Profit (Gain) — positive amount of money gained for closing the position.
Principal Value — the initial amount of money of the invested.
Realized Profit/Loss — gain/loss for already closed positions.
Resistance — price level for which the intensive selling can lead to price increasing (up-trend).
Scalping — a style of trading notable by many positions that are opened for extremely small and short-term profits.
Settled (Closed) Position — closed positions for which all needed transactions has been made.
Slippage — execution of order for a price different than expected (ordered), main reasons for slippage are — "fast" market, low liquidity and low broker's ability to execute orders.
Spread — difference between ask and bid prices for a currency pair.
Stop-Limit Order — order to sell or buy a lot when the market reaches certain price. Usually is a combination of stop-order and limit-order.
Stop-Loss Order — order to sell or buy a lot for a certain price or worse. It is used to avoid extra losses when market moves in the opposite direction.
Support — price level for which intensive buying can lead to the price decreasing (down-trend).
Technical Analysis — the analysis based only on the technical market data (quotes) with the help of various technical indicators.
Trend — direction of market which has been established with influence of different factors.
Unrealized (Floating) Profit/Loss — a profit/loss for your non-closed positions.
Useable Margin — amount of money in the account that can be used for trading.
Used Margin — amount of money in the account already used to hold open positions open.
Volatility — a statistical measure of the number of price changes for a given currency pair in a given period of time.

Forex Ebook : Using Candlesticks for Support-Resistance

In this ebook John H Forman explains how candlestick charting can be used for a typically Western technical analysis strategy. This is actually intended for stock and commodity trading but I think the principle could be applied on forex trading.
Observation is the best friend of the technical analyst. By watching the markets, John noticed something interesting about candlestick charts, which he uses extensively. He realized the real bodies used in candlestick charting can be used to determine significant support and resistance points.
Although they have only recently become popular in the Western Hemisphere, Japanese traders have been using the candlestick charting technique for hundreds of years. Candlestick charts, much like the bar chart equivalent, utilize the open, high, low and close activity to plot a period (usually a day). In candlestick charting, unlike bar charting where the highs and lows tend to be the focus, the opens and closes are the most significant.
You can download this forex ebook from the following link:
http://www.pipholic.com/downloads/Candlestick+for+Support+Resistance

Forex System Link

1. http://www.forex-tsd.com/brain-systems/

Forex daily analysis- 2008-07-11

EUR-USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5813 or 1.5870 if support around 1.576 hold. After which a pullback to 1.5760 - 1.5740 zone is possible.
USD-CHF
Current fall seems to be over near 1.0266 or 1.0242 for a rebound towards 1.0290 - 1.0308 area.
USD-JPY
Corrective dips should ideally halt near 107.07 or 106.89 for one more thrust upwards towards 107.25 - 107.43 area or 107.8 in extention. Fall below 106.70 puts it back on a downward path.
GBP-USD
Current upmove should be ended around 1.9840 - 1.9901. Any correction consolidation should find support in 1.9777 - 1.9747 zone.
EUR-CHF
Currently uptrend should end around 1.6234 - 1.6249 area. A correction down to below 1.6192 is expected. A rise above 1.6271 will abort the expected correction.
EUR-JPY
It should consolidate between 168.23 and 169.46. A break of one of these points would cause further bullish or bearish move.
EUR-GBP
Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7986 or 0.8023 if support around 0.7968 hold. After which a pullback to 0.7968 - 0.7958 zone is possible.
AUD-USD
Currently uptrend should end around 0.9653 - 0.9657 area. A correction down to below 0.9562 is expected. A rise above 0.9696 will abort the expected correction.
USD-CAD
It may meet resistance in 1.0085 - 1.0099 zone for a drift down to 1.0042 zone, after which bounce to 1.0111 is anticipated.

by Forex Capital Market
http://www.fxcm.blogspot.com/

Stock alert, by OTC http://www.otcstockexchange.com/

SYMW - SymPowerco Corporation CEO John Davenport announces benchmark performance and operational details of SymPowerco Corporation's unique Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC).
The company's operational 5 Watt (5W) FE DMFC, located in the laboratories of SymPowerco's development partner, Carleton University in Ottawa, Canada, proves the viability of the Flowing Electrolyte principle by demonstrating a 30% improvement in output of the fuel cell stack compared to previous designs. The stack generates up to 5 Watts of power with all cells in the stack converging towards essentially identical performance.
The 5W stack demonstrates that the flowing electrolyte design effectively eliminates inefficiencies caused by methanol crossover, a performance-limiting factor found in other DMFC designs. The 5W stack also demonstrates a viable method of removing methanol from the recirculated electrolyte, a method that indicates the potential for several additional operational and performance benefits in future commercial designs.
The 5W stack has provided SymPowerco and its partners with design criteria and performance data that are serving as benchmarks in the design of the imminent next phase of our Flowing Electrolyte DMFC development program.
Stated SymPowerco CEO, John Davenport, "We are very pleased with this 5W unit. It's going to continue to provide us with design and performance data, even as we ramp up the many aspects of our fuel cell program. Almost everything we do next will be based on the benchmarks provided by this fuel cell stack and the hybrid power system that it powers."
SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets being created by today's energy and environmental challenges.

Ticker Symbol: SYMW Recent Price:$0.028Recent Volume: 2,328,302Target Price: $0.13

SP Setia 2008-07-09

SP Setia (8664-MainBoard) traded higher to hit the upper line of the falling channel with an intradayhigh of RM2.93 on 8/7/2008 in higher volume. An upside violation of RM2.97 should see the stockgoing up to test RM3.20 – RM3.30 level. Risk taking traders may establish buying position at RM2.88;however, should a position been established, an initial stop loss level at RM2.73 must be placedwith a trailing stop loss strategy.Technical wise :(1) MACD line cut down the Signal line on 20/5/2008 to give a “sell” signal.(2) +DMI crossed below -DMI on 4/7/2008 to indicate a “down” move.(3) %K line cut up the %D line to give a “buy” signal on 18/6/2008.

US LABOR DEPARTMENT WEEKLY UNEMPLOYMENT CLAIMS

US LABOR DEPARTMENT WEEKLY UNEMPLOYMENT CLAIMS

The weekly Initial Unemployment Claims figure for theweek ended 27thJun-08 clocked in at 404,000. This is thehighest claims level since a 58-month high of 406,000 wasreached in the week ended 28th Mar-08. Until Mar-08, thehighest level this business cycle had been a level of425,000 reached in Sep-05 in the aftermath of thedestruction brought upon by Hurricane Katrina. As a general guide, initial claims exceeding the 350,000-400,000 band raise red flags as they are consideredsuggestive of the onset of a recession. Unemployment claims spike, signal USeconomy is f lirt ing with a recessionThe companion to the initial claims data, the ContinuingClaims or the insured unemployed figure for the weekpreceding clocked in at 3.116 mn, although off from therecent peak 3.136 mn level reached at the end of May-08.Recent gains in claims have reached 30.3% above cyclicaltrough levels. Gains exceeding 26% have neverpreviously failed to precede US recessions in the past.Pickup from cyclicaltroughs accelerating!Although markets had celebrated a near-miss appointmentwith a US recession back in Mar-08 on the Bear Stearnsrescue, we think a US recession has been postponedrather than avoided. A 4Q-08 appointment with a USrecession now appears to be looming, in our assessment.

MONTHLY UNEMPLOYMENT RATE-US 2008

US JUN-08 MONTHLY UNEMPLOYMENT RATE

The Bureau of Labor Statistics also released theseasonally adjusted Jun-08 Unemployment Rate, placingit at 5.5%, unchanged from May-08. A steep climb wasreported in May when the rate climbed 0.5% in a singlemonth. The trough this business expansion cycle wasestablished at 4.4% in Oct-06.Still-low unemployment rates mask underemployment.Many amongst nominally classified as employed havebeen involuntarily assigned to part-time payrolls from fulltimeemployment. The underemployment rate stands at9.7%, up from 8.3% in May-07.

Market review-KLCI20080706

Market suspended in early trade

The Kuala Lumpur Composite Index facedconnectivity issue in early trade due to a multihardware failure in its core trading system, whichis expected to be for the entire morning session.The KLCI closed after opening slightly lower by0.37 point to 1,153.33 on mild selling.Top Glove Corp's net profit in the 3QFY08 endedMay 31 increased 2% on 18% growth in saleswhile revenue was up at RM356 mln. The higherearning was due to higher latex and fuel costs,as well as currency fluctuation. Top Glove's ninemonthnet profit also improved 12% to RM85mln. Meanwhile, 16 new production lines in Klangis expected to commence operation next month.Hong Kong-listed Parkson Retail Group Ltd, asubsidiary of Parkson Holdings, is acquiring a 9%stake in Xi'an Lucky King Parkson Plaza Co Ltd(Xi'an Lifeng) for RM26 mln. Return InvestmentLtd, the holder of the 9% shareholding in Xi'anLifeng. Xi'an Lifeng is the owner and operator oftwo Parkson department stores in Xi'an City,Shaanxi Province.Firefly, a wholly-owned subsidiary of MAS,expects revenue to double from previous yearwhen it takes delivery of five new ATR 72-500sthis year. The 72-seater ATRs will boost thenumber of seats and allow it to introduce newroutes to Indonesia and Thailand. Currently,Firefly is working with its partners including MASAerospace Engineering Sdn Bhd to set up amaintenance, repair and overhaul hub for ATRaircraft in Subang.Bina Puri Holdings announced that its whollyownedsubsidiary Bina Puri Sdn Bhd received acontract worth RM20.4 mln from the PublicWorks Department to undertake infrastructureworks for Universiti Malaysia Kelantan’s BachokCampus. The company, with a participatinginterest of 70%, has teamed up with TA-3 SdnBhd for the project which is expected to becompleted within eight months.Poh Huat Resources Holdings plans to sell someshares in its wholly-owned furniture outfit inVietnam to comply with the regulations there.The company will trim its stake in Poh HuatFurniture Industries Vietnam Ltd to 72% byselling the balance 18% to three investors. Theexercise will raise RM9.45 mln to be used forPoh Huat Vietnam's capital expansion andworking capital.Welli Multi Corp plans to buy an oil palm mill andfresh fruit bunches from two Indonesian vendors.Welli said yesterday the initial pact signed withMunadjiah Se and Mindo H Sitorus would notproceed as the parties could not agree on termsand conditions.

market review-US 20080707

GLOBAL ECONOMICS:US JUN-08 ADP EMPLOYMENT, NON-FARMPAYROLLS REPORTS

ADP Employment Report data showed that the non-farmprivate sector in the US shed a total of 79,000 workers inthe month of Jun-08. The total was derived from a sum ofthe loss of 76,000 workers in Goods Producing Industries(including 34,000 in the Construction industry), the loss of3,000 workers amongst Service Providers, made up of theloss of 3,000 jobs at Financial Services companies. InMay, ADP had reported a revised gain of 25,000 jobs.Feb-08 was the most recent month that the US privatesector had shed jobs. It had also been the first monthsince Jun-03 that net job losses were reported.

Automatic Data Processing (ADP) is a business processoutsourcing organisation that maintains payrolls for morethan 600,000 businesses in the US.

The ADP data are in rough alignment with the Bureau ofLabor Statistics Jun-08 Non-Farm Payrolls data whichclocked in at a loss of 62,000 jobs, unchanged from theMay-08 figure. The Bureau reports that the US economyhas been shedding jobs since the month of Oct-07.

The main difference between the 2 time series is thatBureau’s Non-Farm Payrolls data also cover public sectorjobs data and are hence more comprehensive.