Forex Technology Blog

Looks like SapuraCrest (SapuraCrest Petroleum Bhd) has been gaining some momentum on KLSE this few weeks. Closing price was RM 2.43 on 2 Sept 2010 and AMRESEARCH Sdn Bhd reiterated its “Buy” call on SapuraCrest Petroleum Bhd (8575)with an unchanged fair value of RM3.12 per share based on a 2010 forecast price earnings of 22 times. So lets all wait to take profit at RM 3.12 in the nex few weeks.

“SapuraCrest also has a huge order book of RM10 billion, the largest among locally listed stocks,” it said.

However, including the full five-year Pan Malaysian pipe-laying contract, its gross order book is even larger at RM13 billion, with a sizeable oil and gas asset ownership.
At present, it has a substantial seadrill equity participation of 24 per cent and strong earnings forecasts from financial year 2009 to 2013 with a compound annual growth rate of 24 per cent.

“Hence, we maintain financial year 2011 forecast to financial year 2013 forecast earnings for now, which project annual earnings growth of up to 19 per cent, underpinned by the group’s RM10 billion order book,” it added.

AmResearch said the stock currently trades at an attractive 2010 forecast price earnings of 13 times, compared to over 25 times registered by SapuraCrest and Wah Seong back in 2007.

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After looking at some tweets online, I found out that about 800,000 people are without proper shelter, food and water after the big Pakistan flood. So I thought it would be good to help out by adding a small Bloggers Against Hunger widget to the site so that we can all chip in and do some good. Its really sad that the people over in Pakistan are suffering so much while we are all safely in our homes celebrating Malaysia’s 53th Independance Day tomorrow. Lets hope and pray that they won’t have to suffer for long and even USD 25 will go a long way. And lastly, Happy Merdeka to Malaysians reading this…

Check out the Helping Pakistan Twitter Site too

Today we have a new forex article by Jennifer Gorton from ForexIndicators.net

The currency markets are a highly volatile market which requires traders to be watching positions carefully. Within a period of a few seconds, currencies can move quickly in either direction, driving investors out of their positions. The most popular method used to trade currency markets is by using technical analysis. Technical analysis incorporates the study of the supply and demand that is occurring within any market place. The demand in the particular asset will have an impact on the price investors are willing to pay. The investor can then analyze the price movement to try and predict what direction the market might be headed. Technical indicators are not always 100% accurate and do not provide the investor with the one magic tool to make money. Technical indicators are simply showing the investor the price movement in the past so they can develop a plan for a future position in an asset. There are quite a few technical indicators that are used to trade the currency markets. However, the simplest forms of technical indicators are just a variation of moving averages.

Implementing moving averages into your trading charts is always helpful when trying to determine where the price will head. There a few different types of moving averages, but all try to smooth out the price movement for the investor to interpret. The Simple Moving Average (SMA) is the most basic of the averages that can be used in the charting software that brokers will provide. All the SMA calculates is the asset’s closing price of the last X amount of day. The equation looks something like this: (P1 + P2 + P3 + P4 + … + Px) /X. If you take actual data points and plug them into the equation, you will get a figure that will tell you if the current price is above or below its SMA. Most short term traders will use 10 and 20 day moving averages. The shorter the time frame you use, the closer the average will be to the price it is trading at currently. Longer term trader will use 50 to 200 day moving averages, trying to predict price trend for six months to a year.

The Exponential Moving Average (EMA) is similar to a simple moving average, except that more weight is given to the latest data. The exponential moving average is also known as the exponentially weighted moving average. This type of average reacts faster to recent price changes than a simple moving average. Since the equation gives more weight to the recent prices, the average will move differently than when all data is given equal weight. The most common EMA time frames are the 12 and 26 day for the short term traders. This time frame in the EMA is also used in other technical indicators, including the Moving Average Convergence Divergence. The MACD is a great technical indicator that helps trader spot developing trend and whether the trend is positive or negative. Like with the SMA, the longer the time frame you choose to incorporate, the more rounded the graph will look. Longer term investors should be using the 50 to 200 day EMA to get sufficient data to position themselves for the longer term.

Moving averages can create buy and sell signals for the investor and trader. Most charting software that stock or Forex brokers give their clients have more than enough technical indicators to make your head spin. The Forex indicators that are programmed into the software sometimes won’t be that much help to the trader at all. Moving averages have been the easiest form of technical indicator to help the investor or trader spot a developing trend. These computer charting programs will ask the user to plug in two different time periods to track moving averages. Like I said before, a popular time from for the short term trader is using an EMA is a 12 day and 26 day pair. This will graph the EMA on your stock or currency chart for the past 12 and 26 days. Buy signals are generated when the 12 day EMA crosses over the 26 day and this indicates that the shorter termed average is rising and the possibility of a uptrend might occur. When the 12 day crosses below the 26, then that indicates that the average price is moving lower and that the trend might be going lower in the short term. When using moving averages to generate buy and sell signals, be sure you have other indicators that will help to confirm the trade signals generated by moving average crosses.

I have 2 trades opened now. A long on GOLD (xauusd) at 1195 TP 1300. Gold is a good hedge on inflation.

A short on DJIA at 10689. The big drop on DJIA last Friday makes it clear that there could be a big correction coming soon. Too much debts in USA now

2 New Projects in Cyberjaya – Shaftsbury Square and Garden Plaza. WOW.

Shaftsbury Square Cyberjaya at http://www.shaftsbury.com.my/

Shaftsbury Square; a fusion of art, culture, enterprise and comfort living. It is conceptualized as a self-sustaining work and residential development where aesthetics and function merge in contemporary luxuries.

Located on prime land within the heart of Cyberjaya, Shaftsbury Square is slated to become the new icon of this global ICT hub.

The freehold development comprises three office tower blocks, two blocks of luxury SOHO/Serviced apartments and one hundred and fifty units of high-end retail shop-lots offering a diverse range of communal retail amenities that should suit every need.

continue reading…

WOW…..I grabbed about 403 green pips this week from my forex trading. Most trades were on the GBPUSD as the SRS Trend Forex system recommends this forex pair on the 5TF and 15 min TF.

Some pips on my own fxprimus live accounts while some pips gained for some forex managed accounts that I handle. The excellent SRS Trend Forex system contributed to a lot of green pips and I hope the run continues.

Here’s a screenshot of my fxprimus MT4 look with the SRS Trend Forex system. I’ve added the ZPF and a EMA crossover indicator to make the SRS alerts clearer.

Forex Report :
266 pips + 79 pips + 58 pips = 403 pips this week ! That would mean if you traded 1 standard lot on this pips, you will earn USD 4030 in just one week!

Don’t forget to check out the excellent SRS Trend Forex system and the ongoing 50% credit promotion at FXprimus !

For more info on our FOREX MANAGED ACCOUNTS, please email to admin AT thesmsguide.com

Some live report screenshots of the pips that I got this week…

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I just noticed that the Google guys set up the Gmail homepage to look like a worm went through it and ate some letters out. So funny….

I was watching the new TM UniFi (HSBB) launch last Wednesday on my pathetic 512 MB Streamyx line and it was not a good experience. The speed was slow and they did not even announce the pricing till the next day.

Finally triple play has come to Malaysia as I was already enjoying this service back in 2006 when I was in Europe.

A summary of the TM UniFi (HSBB) Price details :

5mbps – RM149 (60GB monthly cap)
10mbps – RM 199 (90GB monthly cap)
20mbps – RM249 (120GB monthly cap)

* The price above includes IPTV

More info that I got from ykl’s blog

Well, it is now confirmed that once you go over the monthly bandwidth cap, the speed will be throttled down to 10% of the advertised speed of your package. As an example, if you’re on the 10mbps package, 10% would be 1mbps. The cap is spread evenly on a daily basis so if say the monthly cap is 60GB, every day you will have 2GB to download and should your data transfer exceed 2GB, there goes the throttle hammer on you.

All packages are inclusive of a DECT phone, a premise gateway (the modem/router) and a Set-Top-Box (STB). On top of that, there will also be free calls to all TM fixed lines nationwide and a very low flat rate of RM0.10 per minute calls to mobile phones and other operators nationwide.

On the IPTV service, it offers 22 linear channels, video-on-demand and interactive channels. There’ll be 20 to 25 new titles every month in window earlier than pay-per view and pay-TV.
These channels would be delivered via an 8Mbps connection exclusively and in addition to the data speeds of 5, 10 and 20Mbps subscribers subscribed to, which is good as you don’t want your TV channels have a slower download rate.

Too bad the initial areas covered by TM’s UniFi are only in the 4 exchange areas of Shah Alam, Subang Jaya, Taman Tun Dr Ismail and Bangsar. Sigh….

There’s a ForexBall 2010 Forex Trading Competition going on now that’s under Admiral Markets Ltd. I tried to register just now for it but their server is overloaded. Sheesh…they should have anticipated all this happening. Just goes to show how unprepared they are…

Participation in the ForexBall™ international trading competition is free for all traders residing in any country of the four Geographical Sections. In order to register to the contest, please finish three simple steps:

Your trading results are updated in real time and displayed in the rating table of your geographical ForexBall section.