Experience gained from learning in a real time environment is invaluable. So is jubilation felt in a group.

For those 2 trades, Ms Ke Shu Fen and Mr Albert Teo won each of them SGD 200/- in cash.

The 3rd best winning submission was a Short order on EURUSD on 06 August 2008 for a win of 185 pips on 1 contract.

The results show that the TflowTM System is highly productive and can be learnt and mastered by students in our 27 hour course over a period of 3 weeks.

Says Albert about his trade:

(I) Felt quite nervous at around 190+ pips so decided to square

1. Saturday 16 August 2008 2.30pm at Seminar Room 3 (seats 200 pax only on first-come, first-served)
2. Sunday 17 August 2008 5.45pm at Seminar Room 3

InvestFair ‘08 is held at Suntec Singapore International Convention & Exhibition Centre Level 4, Exhibition Hall 402-403 from 16 - 17 August 2008. InvestFair ‘08 is organised by ShareInvestor. More information can be found at http://www.InvestFair.com.sg

Todd Harrison wrote an interesting story called ‘Hanky Panky’. After reading it, I thought that ‘Gosh! So the market is a price FIXING mechanism.’

Are we trading against Hank Paulson?

You got to hand it to this guy (Kirby Daley, Strategist, Newedge group). He’s got the balls to say and like he admitted, he’s probably not going to make many friends (for the moment).

Click to view: Financial Rallies or Fallies?

We have a very nice set of equidistant channels now acting as support and resistance levels. It is clearly visible on the 4-hour chart. Trend appears downwards.

“Using Indicators in Technical Analysis is about the Right Fit with a Trend-based and Momentum-Based Studies” ~ Binni Ong, Chief Trainer

Technical Analysis class on 26 July 2008
Titled ‘Time It Right With Indicator’
9am - 5pm at TMC Educational Group, Capitol Centre
Organised by ShareInvestor
Trainer Ms Binni Ong, Chief Trainer, TerraSeeds Market Technician Pte Ltd

Registration details can be found here.

Trend-based Indicators

ADX

• The ADX Indicator, otherwise known as Directional Movement Index, is the perfect indicator to show strong versus weak trends. ADX is also excellent in providing warnings when a market is about to change its direction.

Bollinger Band

• Bollinger Band is a measurement of volatility and tells in advance when a price movement is oversold or overbought.

Momentum-based Indicators

RSI

• The RSI is an excellent overbought/oversold indicator that can be used to predict trend reversal points. When used together with the Bollinger point, the RSI will be an excellent timer for spotting turning point.

William’s %R

• William’s %R is equipped with an uncanny ability to anticipate a reversal in the security’s price. The indicator almost always forms a peak and turns down a few days before the security’s price peaks

Positive news from Wells Fargo last night combined with SEC restrictions on naked short selling gave the markets a steriod boost. Tonight we will see whether Merrill Lynch has anything positive to say about its writedowns on losses.

Consensus on second quarter writedown is between $6-6.5billion but surely the markets will evaluate the following:

• the size of the writedown
• whether estimates are at the mark

The second point is very important because it is going to tell us whether insiders have a good grasp of the true extent of losses involved.

—

US Crisis

Picture this:

1. Fed says will rescue Fannie and Freddie
2. To do so, they will borrow money by issuing more treasuries
3. Therefore foreigners will fund the rescue
4. Question: Does foreigners want to fund more US debt?

Read the following:

• US faces global funding crisis
• Sovereign funds cut exposure to US Dollar
• Japan mortgage exposure seen over $95 billion