Gold Daily

Technically;

1. I would like to start with the pattern first. On H1, one would recognize it as morning star. That is a sign of reversal. But not too hurry. The first candle is a long black (red) candle and its a loooooonnnnnggg one too. It reflects the selling pressure that the sellers put into the yellow metal. Wait for next H1 candle. See buyers next move before you jump into the wagon.
2. On H4, surely no sign any reversal pattern whatsoever. Two long black candles and a rickshawman tells the story.On Daily, a short dusk line pattern were formed. That’s a reversal signal. But if you consider the strong bullish trend lately it might be a three line strike pattern.  On Weekly , a shooting star appeared. If you take two candles pattern, then you’ll find a bearish harami pattern.
3. Resistances are found at $1739.83, $1762.97 and $1802.54.
4. Supports are found at $1716.13, psycho level $1700 and $1666.66.
5. Except RSI on H1, which is currently oversold, the other bigger time frames are pointing lower suggesting more weakness in gold.
6. I’m not surprise if gold could fall back to $1700.

Happy piping!

Shufaad

AUDUSD Daily

Technically;

1. Pattern wise, the chart is in an ascending triangle pattern, where the instrument price had been enjoying a bullish momentum since 15 Dis 2011. The main lines in such patterns are the trendline, which serve as a dynamic support and the resistance level, which of course fits its purpose as a resistance line.
2. On single pattern study, we saw a shooting star on the 26 Jan 12, followed by a back to back hanging man the day after that. As I’m writing,price seems to found a little bit of momentum to move upside.
3. On short and near term, a correction towards the trendline and 23.6% fibo level at $1.04945 is very much anticipated while the pair still maintain its long term bullish term.
4. Moving upwards, the pair need to break the 26 Jan 12 high at $1.06871 before charging towards strong resistance at $1.07656. A break above the that resistance level would open more strength towards the 1 May 2011 high at $1.0114.
5. Alternatively, a break below the trendline would see the price attack 38.2% fibo level at $1.03737, 50.0% at $1.02758 and the golden ratio 61.8% at $1.01779.

Happy piping

Shufaad

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Trading Philosophy

“Few people take objectives really seriously. They put average effort into too many things, rather than superior thought and effort into a few important things. People who achieve the most are selective as well as determined.”

— Richard Koch: is a former management consultant, entrepreneur, and writer

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Gold Daily

Technically;

1. We had our first low ($1532.64) to high ($1802.54) swing starting from 26 Sept 2011 till 8 Nov 2011. Price then retrace exactly at our 50.0% fibo drawn from the said swing.
2. A bounce from the 50.0% fibo was short lived however, with a doji marked the end of the bull at $1762.97. A hammer than was not enough to convince the buyers as a back to back bearish engulfing wipes off the gains from the buyers nose. Three long black candles proves to be too hard to hold. Just ask the psycho level $1700 and $1600.
3. What happened now is merely a mirror to what was happening back then. A=B. Well no one knows for sure, but as a Chartist (I love this word ), a history study of price movements is so important. Swings and retrace are part of the bread and butter.
4. A break from 23.6% fibo would bring more gain to the yellow metal towards $1762.97, the 2 Dis 2011 high and our swing high at $1802.54. Anybody prefer a psycho level? $1800 would be nice.
5. Historically, the $1802.54 proved to be a strong resistance level. Supports are then found at $1762.97, $1739.19, psycho level $1700 (again!) and $1667.65, the all important 50.0% fibo level. Scary huh?
6. Alternatively, if you are a fundamentalist, you’ll find there are too many reasons for the gold to be loved. $2000? Too early I reckon..

Happy piping!

Shufaad

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Trading Philosophy

“Losers live in the past.
Winners learn from the past and enjoy
working in the present toward the future.”

— Denis Waitley: is an American motivational speaker and writer

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Di dalam seminar-seminar Analisis Teknikal Harga Emas yang saya dan Syukor adakan, saya menerima banyak feedback dan pertanyaan dari para peserta tentang bagaimana Forex dan emas berbeza. Saya juga mendengar banyak cerita bagaimana ada di antara para peserta yang RUGI BESAR dengan Forex. Ada juga yang di tipu dengan skim-skim yang menggunakan Forex sebagai platform penipuan mereka.

Saya rasa terpanggil untuk menjelaskan kepada ANDA yang pernah rugi dengan Forex bahawa Forex is a business. Maksudnya di dalam Forex, ada risiko untuk rugi dan ada juga peluang untuk anda untung. Tetapi untuk ANDA menyerahkan your hard earned money kepada so-called-Forex-Guru yang menjanjikan keuntungan berterusan adalah satu SUICIDE! Jangan, saya ulangi, jangan sesekali berbuat demikian. Jangan terpedaya dengan janji manis mereka yang inginkan duit anda dan kemudian hilang entah ke mana. Its not worth it!

Jalan penyelesaian terbaik yang boleh saya sediakan untuk ANDA ialah dengan menyediakan peluang kepada ANDA semua untuk mempelajari strategi-strategi yang SAYA gunakan untuk menjana keuntungan di dalam Forex trading.

Berikut adalah butir-butir mengenai kelas tersebut:

• Tarikh: 26 Januari 2012
• Masa: 9 pagi – 5 petang
• Tempat: Ayer Keroh, Melaka
• Yuran: RM500 seorang
• Pecahan topik:
  • Candlestick pattern
  • Candlestick formation
  • Candlestick psychology
  • Trading with candlestick + Indikator
  • Support dan Resistance menggunakan Price Action dan Fibonacci
  • Mengenalpasti jenis-jenis market
  • Mempelajari pelbagai jenis strategi untuk market yang berbeza
  • Mencari Entry, Stop Loss dan Take Profit yang betul.
  • Menggunakan Reward to Risk ratio.
  • Memahami penggunaan Leverage dan Lot Size
  • dan macam-macam lagi.

Bagi sesiapa yang berminat, sila bank in kan amaun RM500 ke no akaun saya seperti di bawah:

• Maybank 5541 1010 5387 Candlestick Consulting
• dan SMS kan nama penuh anda ke telefon saya, 016-6447174

Saya berharap agar anda dapat manfaat dan dapat menggunakan ilmu yang akan saya ajarkan sebaik mungkin. Bukan bermakna selepas dari kelas ini ANDA tidak akan rugi langsung, tetapi sekurang-kurangnya anda dapat meminimakan kerugian lantas memaksimumkan keuntungan ANDA.

Hubungi saya sekarang.

Shufaad

p/s: Jikalau anda ingin mendengar testimoni berkaitan Forex trading, hubungi Mama di talian 019-6505262. Banyak yang boleh anda tanya dengan Mama!

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Trading Philospophy

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

- Steve Jobs  :Rest In Peace:

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Gold Daily

Technically;

1. It’s a nice bulls ride yesterday as the yellow metal rose to more than $25 before eventually closed at $1652.10.
2. On the daily chart, I drew a downward slope from 2 Dec 12 high to yesterday’s high. Today’s strategies involving a breakout from that slope and challenging yesterday’s high at $1667 and charging towards psycho level $1700.
3. Using the 10 day candlestick strategy, I am now looking for an entry near to the Moving Average, with stop loss at 50% ATR. Nobody knows when will this bulls fade, so I will likely ride it all the way to the top.
4. Supports are found at $1641, $1625 and psycho level $1600.
5. Daily RSI suggest more upside strength from the yellow metal.

Happy piping!

Shufaad

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Good day traders!

Gold daily

Technically;

1. Good news first; the yellow metal closed the day above the 200 EMA. A potential bull is in the fray.
2. Daily RSI is slightly above the equilibrium level; with its direction points lower.
3. Gold’s Friday were mixed, with both bulls and bears trying to get their stamp on gold.  A glimpse through the H1 chart will tell you something:

4. 

   Gold H1

5. Fibonacci level 23.6 at $1629 is the first support for gold. Next in line are fibo level 38.2% ($1609), the all important psycho level $1600, fibo level 50.0% ($1592), fibo level 61.8% ($1576) and Dec low at $1522.
6. Resistance are found at $1641, $1661, $1677 and psycho level $1700.
7. As long as gold stay above the 200 EMA , the bull momentum could potentially continue.
8. On the other hand, a quick study on the weekly chart suggest that gold is in the descending triangle pattern. A break below the $1600 would potentially bring more weakness to gold, with its Dec low $1522 as the next target. Meanwhile, a break above the slopping trend line would targeted the $1661 level, its weekly high. Next on the list is the psycho level$1700.
9. RSI weekly is still below 50 but the direction remain important.

10. 

    Gold weekly

A break on every support and resistance levels are very crucial as technically, all signals are mixed up. Fundamental analysis is the next best thing to rely on.

Happy piping!

Shufaad.

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Trading Philosophy

“Unnecessary fear of a bad decision is a major stumbling block to good decisions.”

— Jim Camp: Renowned negotiations trainer and coach

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Gold Daily

Technically;

1. Gold had rose for three straight days now and traditionally any gain in the early week of the year would signal more bulls are coming from the metal .
2. The question now; can this bulls continue? To answer that question, I drew a 200 MA on our chart. And by looking at it now, the current price, which now stands at $1611.15 are still below our 200 MA, which at this point of writing is at $1630.68.
3. In order for gold to confirm its bullish momentum, it need to be above the 200 MA and eventually making the level a strong support level.
4. Taking into record, our 21Dec high at $1642 was the last it ever went above the MA. It turn out to be a doji.
5. Using ADX, we can simply see that there’s no trend yet for the yellow metal. ADX itself is still at 22 and both the directions are pointing lower.
6. RSI is still hovering on the equilibrium level.
7. Our strong support lies at psycho level $1600, $1583,$1560 and $1522.
8. Resistances are found at $1642, $1666, psycho level $1700 and $1762.

Happy piping!

Shufaad