Saturday, July 31, 2010

weekly up-date

Well....after attending more forex/stock talks plus going back to class for forex, I managed to get back to winning pips. Yes, for 2 days....Thu and Fri I managed to add another 10+% to my total funding with Onada. Not bad...esp with a few trades mainly Eur/USD - long and USD/CAD - short.

For stock.....also added about 10% too to my fund with MFG when SMIC shot-up on Fri. I have 200 lots and even after suffering a loss for my holding in Noble.

4D - no luck.

For the coming week....hope that SMIC will continue to run and I think it should do continue becoz the "1.3 billion - new funding" shares should have been sold. Without this over-hang....the share price managed to run.

For forex....will go long for USD/JPY for some retracement since it was traded at 17yrs "low" on last Fri. Japan is also "cooling off" therefore shouldn't be too different from the situation in US. Understand....last Fri being end of the month and last day of the week, price maybe out of whack. I am also holding onto some losses from my present holding....USD/SGD and USD/CAD pairs, in fact for my USD/CAD I am in the black at Fri's close becoz it retraced back about 30+ pips at the close.

I shall be attending another trader's class on this coming Tue by Kinetic. I am going to do the funding on that day too for my forex account with them.

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

USD/SGD and USD/JPY are at near their "low" for the yr, therefore quite safe to enter at this stage.

wINtoTo N aLSo 4D...yEAh! said...

Kinetic Securities' office in Anson Rd....International Plaza is just a big room. No wonder they are far from ready to conduct biz here.
Not impressive at all...and don't look like an office at all. Believed some training or tuition centers look better!

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