The Break for Bull

In EurUsd, the price should break at 1.3080 to strengthen the bull view. The trend reading reflecting underlying bear with sideways. It is the frustrating trade when consolidation below 1.3070 on Tuesday.

Any how I'm selling at 1.2918 and take profit at 1.2818 because the sense of bailout plan will help a lot of blue chips company to cut loss their investment.

Bangkok Dangerous

Within these 2 days market been sideways, better to trade with a minimum profit + spread. The market was affected due to Bombay nightmare and Bangkok dangerous situation. This morning, there is a lot of passenger from Bangkok arrives Penang to take flight back home due the disaster at Bangkok airport. They drive all the way down to Penang 14-16 hours and only a few of them can fly from Penang. Most of them can't get the seat due to overbook flight.

The crisis in Thailand affected many passenger and a lot of them is businessman. So, can you imagine in what circumstance they want to invest in Asia especially South East Asia anymore. This will affect Malaysia too because our shaky political situation. I don't want this happen to my country, I have a commitment and I don't want my future ruins by those corrupt politicians.

100 death at Bombay and riots at two airport in Bangkok should shakedown these corrupt politician. If they continue to ignore with this crisis, they are booking for it.

Alexa Ranking

Within a month this blog is getting more and more visitor and helps me to improve my ranking in alexa.com. But, these situation won't stay long if the reader/subscriber start to unsubscribe the feeds. I must clearly make my entries to drag along their interest to read/subscribe my blog.

Thanks again to all my fellow reader/subscribers for dropping by at http://rancakdc2.blogspot.com. Below is the summary of alexa.com overview about this blog.

Rising green

As per today after the market opened, with the decline in Q3 GDP largely in line with expectations – down 0.5% versus a 0.3% decline previously. The Q3 GDP sales fell by more than anticipated, lower by 1.4% from 0.8% while PCE prices were up by 5.2% versus 5.4%. The Case-Shiller home price survey plunged further with the monthly price index dropping by 1.8% in September versus a 1.0% decline a month earlier and on an annualized basis, down by 17.4% from 16.6% previously.

The Richmond Fed index deteriorated further to -22 from -10, while the composite index slipped to -38 from -26. On a positive note, the Conference Board’s consumer confidence survey improved to 44.9 in November from a month earlier at 38.8, with sentiment improving on declining oil prices. The expectations component improved to 46.7 from
35.7 in October, while the present situation index drifted lower to 42.2 versus 43.5 previously.

Given the holiday-shortened week, the calendar for Wednesday will see a barrage of data including October personal consumption, core PCE, durable goods orders, weekly jobless claims, personal income, Chicago PMI, University of Michigan consumer sentiment, new home sales, and the NY NAPM index.

Rescue CitiGroup

After the rescue on Tuesday, shares in Wall Street's rose for Asia Pacific market in the relief on $300 billion bailout. Oil’s nine per cent surge in New York trading and firmer commodity prices also boosted energy and mining stocks, and eased worries that the recent fall in the price of oil to three-year lows suggested declining economic activity.

The Nikkei in Japan jumped as much as 5 per cent in early gains and South Korean shares rose as much as 6.1 per cent. The FTSE Asia Pacific index rallied by nearly 3.5 per cent before narrowing gains to 2.5 per cent at 147.2 by lunchtime in Hong Kong.

Nymex light sweet crude in Asian trading was slightly off its highs at $53.85 a barrel.

Banks and oil companies led the gains. HSBC rose by 2.8 per cent to HK$76.85, the mainland oil explorer Cnooc rose by 8.7 per cent to HK$5.61 and Standard Chartered Bank, which fell on Monday after announcing a big rights issue, gained 3.2 per cent to HK$90.80.

Setup EurUsd 20Nov08

Yesterday was a great day for me (forex life) because my colleague in this high liquidity market called me and ask to make a reunion. I'm totally shocked when I received his call, he is ready to trade back in forex since he came back from Korea. It is a pleasure to have him back in this team.

Welcome back my friend. As per today setup, I would like to say it is a down trend market for EU since yesterday Dow Jones hit the lowest point within 5 years. Place your order at

Stop Sell 1.2480
Take Profit 1.2387
Stop Loss 1.2600

Warning! Forex is High liquidity, please trade at your own risk.

Blogs Promoting

Nowadays my blog is getting a lot of unique visitors from around the world. I'll appreciate with their concerning about my objective. I still have 0 for the page rank, but I'm improving with Alexa.com ranks.

I know page rank is important, I'm working on it. The most important in blogging arena is the traffic rite. So, I'm reciprocal the link back too as a start to yield my profit and score a better page ranks to this addresses :

• http://spread.adswiz.us - A lot of mumbling to rumble.
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Can This Happen?

When i updating this blog I see this. Actually I'm setting up adsense code at the main body as 336x280. Suddenly the adsense appear as picture shown above in the oval. What is happening to this code? What should i do? Is adsense is loosing the power of coding?

Anyway, for today earning with adsense is $0.00. I think I need more traffics. Is anyone could help please mail me at itikjuah[at]gmail.com for traffic infos. Regards

EURUSD 12/11/2008 Trading

At this time being, I'm suggesting that you place your order to sell. There is a volume spike at this 4hr period time that showing the marker is going down. As per fibonacci retracement let us put our take profit at 100% and out stop loss at 61.8%. As per my market oder, I order sell at price 1.2531 my stop loss at 1.2615 and my profit taking at 1.2505. I will earn 25pips of profit with it.

I'm placing a pending order (stop sell) at price 1.2505 stop loss at 1.2615 and take profit at 1.2440 if the break the 100% fibonacci retracement line.

That it for me today. I'm hoping you all are making profit of it. Remember that forex is very high liquidity, please trade at your own risk. Invest that you afford to loose.

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Its hidden somewhere

There will be an inside day to USDJPY because it is located nearby a level of support of daily chart. It will be the end of a prolonged downtrend and its getting exhausted. Reversal is in the making though. As per relative strenght index(RSI) and stochastic it is confirm there will be a reversal to the bullish. It is called the hidden divergance.

I'm preety sure this is a good setup for buy low and sell high technique. Since my last setup was failed to execute, I will try this setup to gain my pips on it. In other words, I need a pips to pay my utility bills. cheers.