Work at Home

I was trained as investment analyst and I used to be a fund ( not fun) manager and have been utilizing chart/graph for my technical analysis. Since my demise as fund manager after the Asian monetary crisis back in 1997, I have not been into the stock market since. But in my spare times I still delve in technical analysis. All the tools of technical analysis from the simple moving average to the sophisticated system such Elliot wave and Gann Analysis I have covered and studied.

Note:
The main difference between fundamental versus technical analysis of the market is that, while fundamental analysis uses economic, political, social and other factors that affect supply and demand of the market to foresee price movements, technical analysis uses mathematical and graphical charts of previous market action, in order to analyze the market.

From applying the technical analysis for the stock market, I extend my knowledge of technical analysis into commodities and futures market such as palm oil, gold, T-Bond and etc.

During the past one year, I was fascinated with forex market that has bloom rapidly through internet trading. My first impression of involving in the forex market was; it is the same as applying what I learned for the stock market and commodities/futures market. And at least it is way to make money online/at home without the hustle of facing the rush hour of 9-5 job.

Oh boy!...I was wrong. The forex market is a different kind of animal. It is easier said than done. All the system that I have done for the stocks, commodities and futures market have to be tested and retested, and fix to fit the 24 hours and five days a week of forex market. I have to go through the school of hard knocks.

In trading of stocks/commodities/futures, I can base my analysis purely on technical analysis, but in forex market fundamental played a lot of factors especially especially prior to the release of economic data. For example, about 30 mins before the release of nonfarm payroll, the US Dollars will be very volatile with wide gap-up or down, and our stop loss position could be easily hit.

The force that drive the value of a currency is demand and supply. When we trade a currency we trade a currency pair, for example EURUSD. In this way we have a double effect because two currencies are involved. If the Euro-zone economy is strong, the demand for EUR would also be strong and the EURUSD should be appreciate. IF we at the same time have a weak US economy than the pressure on the USD is heavy and this should appreciate the EURUSD(i.e. depreciating USD).

What about if the economy in US also strong? Which way will be EURUSD moving?

The first lesson that we have to bear in mind is to cut loss. Period.

The key here is how to manage losses. To manage losses is to cut them quickly before a small loss becomes a large one.

Never ever think that you will never lose. That's just ludicrous. Losses are just like profits, it's all part and partial of forex market game.
Losses are unavoidable. Get over the loss and move on to the next trade.

Take a Break......contemplate

What is happening currently.....i mean politically in our local scene..is quite sad and depressing.

Our present leaders are so inept ...they just don't give us a due respect. Their actions and talks are not benefiting to our country...a progressive and developing country.

Just drop by at Permatang Pauh for the By-election..you could experience the goons and clowns of those leadership. No wonder some of our brother bloggers are flying our flag upside-down.

The current leadership in our government, act like an imbecile......talk,talk and talk and no action. If any action is taken is just to benefit them not to our country.

This baloney has also propagated our higher education institution. Just reflect back to the current issue of 10% quata for non-bumi in UiTM and....the statement make by UiTM vice-chancellor Datuk Seri Prof Ibrahim Abu Shah and few other educators.

God....give us some space.....we are almost 51 years old.

...Cest La' vie..

Teh Tarik Time

In the good old USA during our student days, by the end of the weekdays i.e TGIF(Thank God is Friday) we put our books and head or brain to rest and chilled out. That what we refer as “Miller Time”…any beer drinker should familiar with that term.

Back in Malaysia, after a hectic day..it is a teh tarik time.

Ask any Malaysian worth his or her salt to name their favourite tea, and most likely it is the teh-tarik. It is not merely a drink, teh tarik; it is a social phenomenon, much like slowing down to look at accidents. It is part of our lifestyle

Even Wikipedia, the internet encyclopaedia, describes teh tarik as the de facto national drink of Malaysia.

The warm comforting sensation of a sip of teh tarik is a pick-me-up for some, and for the teetotaler, an emotional frothy crutch during troubled times.

It is often enjoyed over banter and conversations of consequence or not, and over it much time has been wasted as well as millions of ringgit worth of deals sealed.

As for me just having a teh tarik with few friends at mamak stall while shooting the breeze will soothe my mind and body from the hard day of slaving myself to earn a living.

Relaxation Time

After long hours of work at Office and the subsequent rush hour trip back home, it becomes very hard for anyone to continue the rest of the day with same energy and fresh mood.

Frustration takes the top seat and you don’t wish to do anything but to relax and let everything go by.

But those who want to enjoy the remaining hours of the day after work, and live life to it’s fullest can use few techniques to relax and gain energy back so as to be able to unleash the fun!

One such relaxation activity is going to sauna.

Not all of us have a sauna facility at home, those staying in a condo are the lucky few.

I have been staying in a condo and I have seen that few of us used the facility or knew the correct procedure for using the facility.

Upon research in the net….I came across such procedure written by The Finnish Sauna Society.

A Recommended Sauna Procedure

1. Reserve enough time, at least an hour and a half
2. Leave your clothes in the dressing room. You should also have a clean set of clothes to wear after the sauna. Take something to sit on, e.g. a small towel, into the sauna
3. Take a shower or a dip in water before entering the hot room. This is to moisten the skin and to remove any possible body or fragrant odors, which do not belong to the sauna.
Enter the hot room for the first round. The recommended temperature is 80 to 90°C (176-194°F), at most 100°C (212°F). At first the air may be dry. Increase humidity by throwing water onto the stones in the stove. Using the whisk is not recommended on the first round since the skin has not yet softened adequately
4.Leave the hot room when you feel hot enough and cool off by taking a shower or a swim or just by sitting in a room temperature or outside. Have a drink if you feel thirsty, but avoid alcohol in the sauna.
5.Take a second round in the hot room, which now should already be more humid than on the first round. After warming up you can use the whisk if you please. It feels best with adequate humidity and temperature
6.Cool off again.
7.Repeat the hot-cold cycle as many times as you feel comfortable with. Use the whisk according to your preference. For many people two rounds is usually right
8.Return to the hot room for a short warm up to soften the skin
9.Wash up.
10.After washing yourself you can return to the hot room for a while, now preferably to a lower temperature.
11.Finally, rinse yourself under a refreshing shower or go for a swim.