QSR In Healthy Pullback

QSR had a good run after breaking through the trading band between RM3.0 and RM3.70. The share price looks to be hitting resistance with the price chart forming a double top pattern. The moving average is still showing an intact uptrend, with the price firmly above its 50 day moving average. The +DI is still above –DI with ADX pulling back after a strong up move. This suggests that price in the short term will most likely weaken but that is to be expected after a strong move. The 2 day RSI is on its way to oversold levels. MACD indicator looks to be going flat. Support level is at RM4.00 level and resistance is at recent high of RM4.60.

Genting Berhad - Continuation Of Uptrend

Genting Berhad tested the 38.2% Fibonacci retracement level of RM8.51 on 23 Aug and it has managed to pierce through the RM9.00 level. This is a bullish sign. Based on Fibonacci projection, the current move indicates a 61.8% projection target of RM9.32.

Forex auto trade – How to get monthly cashback form forex trading

Author: Douglas Smith

Forex auto trade is a way of making money on the forex markets by using Forex auto trade trading systems. The most widely used trading platform in forex auto trade is the Metatrader 4 trading platform. It has several advantages. For example, by using so called Expert Advisors you can trade forex automatically even when you sleep. Forex Megadroid, FAP Turbo and Forex Shocker is among the most popular Expert Advisors that you can use if you want to get into forex auto trade.

Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your broker is making from your trading?

Yes there is! Take a look at the following calculation example:

Assume that you open an account with FXCM which a very reputable MT4 Broker, which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Forex Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.

Your monthly cash rebate during the first month would then be:

0.6 x 10 x 24 = USD 144

Your annual ROI would then be (144x12/2000) about 86% per year.

This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only in forex auto trade.

It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!

One of the major advantages with this service is that you get paid based on your trading volume, not the win rate of your trading. So even if you go break even on the actual trading results during a specific month, you will still be able to make a nice profit on your forex auto trade when accounting for the monthly cash back that you can receive when signing up for the broker cashback program explained in this article.

FXCM is not the only broker for forex auto trade that is connected to Cashback Forex. You can also claim a cashback from the following brokers: Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex

If you are in the field of forex auto trade, sign up for this program today and start to take advantage of the cashback system and get some money back from the brokers.


To learn more about this program and to sign up, please go to the link below.

Forex auto trade cashback Program: http://www.forexcashback.info

Article Source: http://www.articlesbase.com/currency-trading-articles/forex-auto-trade-how-to-get-monthly-cashback-form-forex-trading-1655700.html

About the Author

Douglas Smith is a professional day trader. He uses a combination of manual and automated strategies. His automated trading strategies are shared at his blog Forex Autotrading Insights.

Website: http://www.forexautotradinginsights.com/

Genting Berhad Still Bullish - Buy On Pullback

Genting Berhad had a great run after breaking through the resistance level at RM 8.10. It went on the hit a high of RM 9.01 before retracing some of its move. Judging from the technical charts, the down swing looks more like a healthy pullback and the up trend is still intact.

The 2 day RSI is decreasing after hitting overbought level and is not approaching the oversold threshold. The price level is about to hit the 38.2% Fibonacci retracement level of RM 8.51 which may encourage some buying. A strong support level appears at RM 8.10 level.

This may be a chance to get into the counter at a cheaper level.

Bullish On Malaysia Stock Market

The KLCI has an impressive run after breaking through the resistance level of 1370. The dip on 12 Aug couldn’t bring the index down its support level of 1340. This resulted in a technical rebound which has brought the index above the 1370 mark.

The short term Guppy multiple moving averages (GMMA) have also started to spread out. This indicates buying by the short term trader. It is likely that the rally is brought about by covering of short positions. The long term GMMA is also showing no signs of giving up its bullish bias. Long term investors are still staying with their long positions.

The 2 day RSI is on the high side which indicates a short term overbought conditions. Given the performance of US market overnight, we may see some profit taking. Any correction may be a chance to re-enter the market at a lower price.

Swing Trading With Stochastics – the Essential Momentum Indicator

Author: Sacha Tarkovsky

Markets don’t trend all the time - there are periods where they tend to be in channels, and consolidating. These are the markets where swing trading can work well.

This article is an introduction to swing trading, and highlights the best timing indicator - to time you swing trades for big profits.

What is Swing Trading?

Swing trading sits in the middle, between day trading, and trend following - and swing trades normally last a few days. The swing trader will enter a position one way, and exit with a profit - and enter a possible position the other way.

The Swing Traders Best Market

For the swing trader, it’s best to trade, when a market is going nowhere fast.

Swing trading does not work in strong bull and bear markets - where price moves strongly in one direction - without a swing in the other direction, the swing trader will lose.

The problem with both swing trading, and long-term trend trading, is that success is based on identifying what type of market we’re looking at - i.e. bull, bear, or a period of consolidation.

Once you’ve identified a market as moving in a sideways channel - then it’s time to look for swing trading opportunities.

The Best Tool for Swing Traders

The best tool by far - the “stochastic indicator” - which is ideal for swing trading. The stochastic indicator is a momentum oscillator, which can warn of strength, or weakness in the market - often in advance of a final turning point.

The logic of the stochastic is based on the assumption, that when a market is rising, it will tend to close near the high - and when a market falls, it tends to close near its lows.

The Calculation

The stochastic oscillator as developed by Dr. George Lane, is plotted as two lines called %K, a fast line and %D, a slow line.

· %K line is more sensitive than %D

· %D line is a moving average of %K

· %D line gives the trading signals

Although this sounds confusing, it’s actually very similar to the plotting of moving averages.

For example, take %K as a fast moving average, and %D as a slow moving average.

The lines are plotted on a 1 to 100 scale. "Trigger" lines are normally drawn on stochastics charts at the 80% and 20% levels – this indicates when markets are overbought, or oversold.

Using Stochastics

The 80% value traditionally is used as an overbought warning signal, while the 20% is used as an oversold warning signal.

The signals are most reliable if you wait until the %K, and %D lines turn upward, below 5% before buying - and in reverse, above 95% before selling.

For swing trading, look to trade the crossover confirmations.

For example, buy when the %K line rises above the %D line, and sell when the %K line falls below the %D line.

Beware of short-term crossovers that may generate false signals. The best crossover is when the %K line intersects, “after” the peak of the %D line (a right-hand crossover).

Don’t worry if the above confuses you - you don’t need to understand the logic. When you look at stochastics on a chart, all you're looking for is the visual signals - not the calculation behind them.

Do some research and practice, before trying swing trading with stochastics - but if you want an indicator to help you swing trade, and make some big profits - check stochastics out.

Article Source: http://www.articlesbase.com/investing-articles/swing-trading-with-stochastics-the-essential-momentum-indicator-81690.html

About the Author

1,000 Pages Of Wealth Building Material FREE!

Including tips, strategies and systems and more on currency trading info. Visit our web site at

http://www.tradercurrencies.com

Mortgage Rates Predictions - What the Charts Are Telling Us

Author: Ed Lathrop

Mortgage rates have a lot to do with how well the economy is performing. When mortgage rates go up, people can no longer afford to invest money in new properties. This, of course, brings a slow down to the building trade and it also means less money will be flowing through the economy.

On the other hand, when mortgage rates go down, more people are able to buy homes. The further down rates fall, the lower the income needed to buy homes. When homes are being bought, the building trade flourishes and this stimulates the economy in many ways.

Remember high interest rates?

It's been 20 years since we've seen double-digit mortgage interest rates. Going back to the late '70s and early '80s, double-digit mortgage rates were the norm. It wasn't until about 1985 after the Reagan administration had put an end to stagflation and the misery index that haunted the Carter years, that mortgage rates found buoyancy at around 7%.

Since that time, mortgage rates have fluctuated between 9% and about 5.5%. All in all, it has been a long stable interest rate environment that we have enjoyed over these past years.

Higher or lower?

Now, the question is where do interest rates go from here. By reading the charts, we will attempt to predict their future movement, just as if we were reading the commodities charts to get a handle on which way the price of soybeans were headed. Then, we're going to make a prediction about another commodity that is sure to be shocking!

At this time, it is wise to make a disclaimer. First, no one can truly predict the future and second, any world event can change what the future looks like now in a heartbeat. Also, you can't overlook the fact these unforeseen world events can happen out of the blue. With that behind us, let's take a look at charts.

The past 18 years

Throughout the '90s, interest rates on 30-year fixed mortgages ranged between 9% and 7%. At the time George W. Bush took office, the average 30-year mortgage rate was 8.75 %. From here, it eased downward steadily through the first George W. Bush term. It actually hit a low of 4.75% in late 2003. Here, interest rates ranged between 6.5% and about 5.5% for the next 3 years. This was an uncommonly stable interest rate environment and it was one of the reasons the housing market became red hot, and yes, overbought.

In 2006, the trend broke above 5.5% to about 6.5%, but rates never went any higher. Now, the interest rates are hovering around six percent and trending downward.

Reading the charts

The technical trader, that is, one who trades commodities by reading charts, would certainly believe interest rates, since they are heading downward, would have to once again test the low of 4.75%. It will be important to see if a double bottom is made at 4.75%. If this bottom is made, interest rates will go up.

Because of underlying fundamentals of the market, for instance the Fed trying to lower interest rates to stimulate the housing market, it seems much more likely interest rates will break through the 4.75% low once they arrive there. If they do, a new downward trend will be on the way. Just how much lower interest rates could get, is anybody's guess. However, it certainly isn't out of the question we could see 4% 30-year fixed mortgage rates sometime before this downward trend ends.

4%!

Historically speaking, 4% is a very low interest rate, but at this time it truly looks like we are much more apt to see 4% than a higher number, like 7%. So, for what it's worth, this is my prediction. We will see the interest rate on a fixed 30-year mortgage somewhere down around 4% before an inflationary aspect of the economy takes over.

Where you think this inflationary aspect will come from? Well, here is another prediction and you may find it more astounding than the first one!

The impossible dream

It's all over for the crude oil rally. Crude oil is overbought! There is no reason for crude oil to be trading above $100 a barrel. Like the tech stock boom of the '90s and the housing market bubble of a couple years ago, it is a rally that cannot be sustained forever!

It's anybody's guess as to what the true market value of crude oil is right now. However, to think it is somewhere between $50 and $60 a barrel would be logical. However, when prices fall they tend to go through the true market value before they float back up to it.

If this crude oil market bubble burst follows the same modus operandi normal market bubble bursts follow, I can't see why it is impossible to see $35 a barrel crude oil again; at least for a little while.

What would this mean for the price of gas? Maybe $1.49 a gallon? Well this may seem totally out of whack with what we're hearing constantly coming from our news reports day and night, don't think it can't happen.

Back to reality

Certainly, there will be a time when $100 will not be too high a price for a barrel of crude oil. There will come a time when $3.50 is not too much for a gallon of gas. However, the charts are telling us that time is not here yet.

So, cheap gas, like the JFK, Ronald Reagan and George W. Bush tax cuts will stimulate the economy, and like the Bill Clinton Tariff agreements, it will make the cost of living lower which will make more goods affordable to the public. These things, though healthy for the economy, will bring on some inflation and this will break the interest rate downtrend.

I know these predictions seem pretty goofy and maybe they are! Still, my strategy is to believe they will happen and if they don't, at least I'll be happy believing them for now. Then again, if they do happen, we'll all be happy!

Article Source: http://www.articlesbase.com/mortgage-articles/mortgage-rates-predictions-what-the-charts-are-telling-us-371824.html

About the AuthorEd Lathrop has developed EZ Calculator, which shows you how to save $100,000 on your mortgage and "How To Pay Off Your Credit Car Debt Quick." Plus many more calculators aimed at helping people get their finances in order! Come visit this free Website at: Free Financial Calculator. Also get a free amortization schedule or as many free amortization schedules as you want at:Amortization Schedules Free