What is Support?
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.
Support does not always hold and a break below support signals that the bears have won out over the bulls. A decline below support indicates a new willingness to sell and/or a lack of incentive to buy. Support breaks and new lows signal that sellers have reduced their expectations and are willing sell at even lower prices. In addition, buyers could not be coerced into buying until prices declined below support or below the previous low. Once s
What is Resistance?
Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. By the time the price reaches the resistance level, it is believed that supply will overcome demand and prevent the price from rising above resistance.
Resistance does not always hold and a break above resistance signals that the bulls have won out over the bears. A break above resistance shows a new willingness to buy and/or a lack of incentive to sell. Resistance breaks and new highs indicate buyers have increased their expectations and are willing to buy at even higher prices. In addition, sellers could not be coerced into selling until prices rose above resistance or above the previous high. Once resistance is broken, another resistance level will have to be established at a higher level.
How to Calculate?
Pivot = (High Point + Low Point + Close Point) / 3 (example)
Range = High Point - Low Point
3R [3rd Resistance] = 1R + Range
2R [2nd Resistance] = Pivot + Range
1R [1st Resistance] = Pivot + (Pivot - Low)
H [Yesterday's High]
P [Pivot Price, i.e. Midpoint]
L [Yesterday's Low]
1S [1st Support] = Pivot - (High-Pivot)
2S [2nd Support] = Pivot - Range
3S [3rd Support] = 1S – Range
Tuesday, December 29, 2009
Thursday, December 24, 2009
UniKL Business Plan Competition
Tahniah kepada pelajar-pelajar BMI yang menang competition business plan. 2 daripada team tu adalah anak didik saya....Tempat pertama Digital X-engine controller & sagu hati kumpulan Smart Thru..... Dua-dua group ni memang dah dijangka menang... tapi tah macam mana Smart Thru ni judge confuse.... but I belive NOTHING IMPOSSIBLE TO APPLY.... Anywhere.... bangga & tahniah kepada Syed Rahimin group & Megat group....
Friday, October 23, 2009
FOREX
Apa itu Forex?
Perkataan FOREX dipetik dari Foreign Exchange, iaitu pertukaran matawang asing oleh bank2 diseluruh dunia, berterusan selama 24 jam, 5 hari setengah seminggu.
Pasaran harian Forex ni dibuka dengan pasaran New Zealand dan Australia (5am-2pm), diikuti dengan Asia iaitu Jepun, Singapura (7am-4pm), kemudian Eropah (1pm-10pm) dan US (8pm-4am). Bagaimanapun, 3 sessi trading yg paling utama adalah Tokyo, London dan New York. Dikatakan waktu market paling aktif adalah apabila 2 sessi bertembung, iaitu sessi Tokyo – London (4pm – 5pm) dan sessi London – New York (8pm – 1am)
Memang sesuai sgt ler dgn time Malaysia….4-5 petang time minum kopi..lepak cafe…8mlm – 1pagi dah kompom ade kat rumah…layannnnn
Dengan faktor keaktifan pergerakan harga yg mencanak-canak, Forex menjadi alternatif paling popular kerana ROI nyer yg tinggi….secara purata, 5%-10% sebulan…ade yg boleh dapat lebih dari 100% sebulan…(kalau lah boleh dpt 100% sebulan…)
Matawang
Matawang utama dlm perdagangan Forex adalah USD, EUR, GBP, CHF, JPY, AUD dan CAD. Currency pair utama pula adalah currency yg berpasangan dgn USD…cth EUR/USD, GBP/USD, USD/JPY dan USD/CHF. Cross pair pula adalah currency yg tidak berpasangan dgn USD, seperti EUR/JPY, EUR/CHF, GBP/JPY dan EUR/GBP.
Platform
Seperti yg sumer sedia maklum, transaksi jual beli Forex ini dilakukan secara online. Terdapat 2 jenis platform iaitu software yg anda install di PC, atau web-based melalui Internet Browser. Cth software adalah MetaTrader, VT Trader….dan web-based pula adalah Easy-Forex.
Broker
Untuk membuka akaun Forex, anda perlu membuka dgn broker. Broker ni kebiasaannya mempunyai server diorang sendiri, dan ade right untuk tarik signal pertukaran matawang dari bank, dan kemudian dipaparkan pada platform yg tertentu yg akan kite gunakan utk trade. Pasal platform dah cite kat atas…so platform ape yg broker nak pakai, terpulang kepada broker. Cth broker adalah InstaTrader, FXCM, IKOFX, CMSFX, InterbankFX, dsbg. Mengenai broker ni, ade satu lagi jenis broker…iaitu ECN Forex Broker. Dengan ECN broker ni, signal yg kite nampak di platform adalah signal direct dari bank…bukan dari server broker…so takkan ade issu seperti anti-scalping, stop-lost hunting dan sbg.
Cukup dulu utk pengenalan….to be continue…
Monday, September 21, 2009
Hari Raya Aidilfitri 2009
Selamat Hari Raya Aidilfitri...
Raya Pertama beraya di Batu 4 Gombak & Desa Pandan.
Raya Kedua Beraya di Batu 6 Gombak, Setiawangsa, Maluri & Desa Pandan.
Raya Ketiga ke Cheras, Hulu Langat & Kajang
Raya Keempat ke Port Dickson
Friday, June 5, 2009
Monday, January 5, 2009
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