News Flux

Well, now, who is aware that the China stocks, reflected on Shanghai and Shenzhen boards, have dropped 9% over a single day yesterday? There, I see quite a few hands raised. The shocking thing is that this influenced most regional markets and all but two of those suffered losses too.

For those who are not too aware of what sort of magnitude 9% is, imagine that if you have 100million in your hands today, and the next day you lost 9million of it, would you be shocked? Well, I would be. And how can it happen in a day!

The fact that the rest of the stock markets in the region closed lower as well indicates the increasing dominance of China as compared to the previous scenario of US being the "big brother."

On top of this news, quite a number of reports have pointed to major Central Banks further diversifying their reserves away from USD. And with another conflict brewing in the Middle East, crude oil prices went up and possibly will depress the USD further.

One relationship to note, since Australia is a major producer of gold in the world, set to possibly overtaking the current champion, South Africa, soon, gold prices invariably affect the AUD. And so up goes the value of AUD boosted by the recent spat of increased political and climatic uncertainties.

So, remember, next time, that when the wars are looming, and disasters are strife, buy AUD before anything else.

Opportunities Flux

I'm sure most who read my blog have heard of the "law of attraction," but has anyone wondered how it works and the logic behind it? Honestly I can't easily believe the claim that when one has strong intentions and plans, the universe strives to coordinate its efforts towards the fulfilment of your goals.

Instead, I'm more logical, and if you want, superficial. At the level which I can perceive, I think thevery fact why the "universe wll coordinate itself with your efforts" is that you make the effort in the first place. The fact that we make the effort allows us to attempt to merge in unison with the functioning of the universe. Now, if we consider the law of averages, then certainly one can't fail all the time, and so strong intention brings multiple and much effort and thus allows one the chance for success.

The the key is "faith." A keyword found in all major religions. If one can first believe that what one desires is achievable, then indeed that becomes realisable, albeit not in and instant.

And why am I pondering on all these? Well, it's because I've been presented with more and more opportunities in the past few days. Interestingly, one of those opportunities was one that I came across before. What is making me reconsider looking at it is that a professional accountant is actually involved with quite a bit of money in this. Anyway, a bit of details can be found on http://rexleecorner.biz/?page_id=25

Hopefully all of us get involved in great opportunities which gives us substantial rewards in many ways, be it in terms of health, wealth, meaning, joy, comfort etc

Mundane Economy

You know how people hate their jobs and still have to work because they know no other way out?

And why do people hate their jobs in the first place? Well, I had a small discussion with my student yesterday and found that the development of the economy led to specialisation and therefore that caused our current state of overdoing certain tasks. In some sense, we are robots and we're hired only because the machines can't do the exact same thing, yet.

Probably not al jobs are like this, but mine sure is. Customer service becomes disservice in my line. But I can't be thinking that way, cause it'll just lead to me being more and more negative. And that doesn't help when reality dictates I have to go to work or at least another month or so.

I made a substantial (to me) sum of investment into the private program yesterday. And I sure hopeit works out. No worries on my end, I'm sure the minimum is that I'll get my capital back, unscathed. But at the same time I still need to develop my forex skills, and so this saturday would see me going for a mentoring session with a local trader who earns at leas USD2.5k a month.

Excitement is in the air

With the dawn of the new program that, I am beginning to recall my 12DP and investment fund days...haha...those were the days when I invested out of greed and suffered for it...

But now I'm doing very much proper planning and there are established sources who quote the admin as trustworthy. His trading abilities have been proven earlier so that is not an issue too.

It's pretty cool to be able to make a bit of money from sources other than work and tuition.

At the same time, today I felt that work was a breeze and pretty fun. Maybe it's because of this chance to invest.

Hope you guys use the Law of Attraction in your favour!

Chinese New Year!

Ok, it's known as Lunar New Year in some parts of the world...this year's celebration is pretty ok...only that my young cousin of age 10 demanded all my attention when I was with him.

The big gift of this new Lunar year is that I found quite a good investment opportunity. Not very different from those HYIPs I invested in some time back. But this one is pretty confirmed it's legitimate and the admin's quite honest.

Well, no details here. But at least I found an avenue to get an "asset" - since it grows money...

As for my job, looks like it will last till end of March...I better start deciding that I like doing what I doing, otherwise I'll just dread going to work everyday...But the best moments on the job is when I can do true customer service - helping customers with their queries, finding better options for their normal mobile usage etc...

I learnt earlier that everything is a composition of the 2 ends/extremes...so I know even if I try to run to any other type of job, or any other jobs, I have to win myself in my mind and find the winner in me!

Errors

Well...judging by where the trend for G/U headed, it sure seems that I got it wrong already. The doji(or is it called spinning top) indicated the market is uncertain and there are good chances the trend might reverse. But I opened my weekly graph and drew my trendline and found that the white bar might just be to test the previous channel as a line of resistance. In any case, I double my 2% buy and bought a 4% short at a 1.65xx level.

You know, things really would be different if I had a different trading style...or I'd learnt from different sources. But I think that's what causes the survival and the growth of any speculative markets - difference in opinions.

So all I have to do is to refine my opinion and senses to absorb and get into the flow of the market. My girlfriend is pretty keen on being rich. Haha...well, nobody would choose otherwise if that is a posibility.

But for now, it's "reality" for me. That is, I've gotta report for work, lest I want to be fired.

Continual learning

Firstly, last night, I believe that breach of the channel is strong enough and that the trend has now reversed for the G/U. What really amazes me is how the the market almost doesn't take a direction until a certain 5-15 mins block when everyone suddenly depresses or affects the charts by selling/buying in sync. And the charts stand witnesses to unknown times of that occuring. I mean, look, the G/U can drop 100 pips for no apparent reason.

I think this short position I entered is not well analysed enough...instead, I should have waited for the market to challenge the previous channel, now as a resistance level, then I can be fully convinced the trend has reversed. But it's all the same, since I can always add to the amt I used to short should the price go higher.

During my free time yesterday, I managed to look thru some resources for forex traders on the web too. Some interesting guidelines but I need more time to consider and incorporate them into my trading habits. Particularly, for those who are new to me, here's one article that can guide you while we are feeling "lost".

http://investing- software. com/commentary/ articles. html?next= 1183

Enjoy your Valentine's Day guys! (and girls/ladies too!)

A second start

And by that I mean I started to read up on indicators like MACD, Parabolic SAR, trend lines. Not that I've never done before, but I never quite understood how they are used. Now I'm a little more certain, but, still, I haven't used it in deciding trades.

As for G/U now, it seems that carts show a doji for yesterday's trading. It's not hard to see that the market is torn between going down and appreciating the pound. After all, economic news hasn't been too harsh on America, and it seems they have hit a soft landing instead of a loud thud on the cold cement floor.

I took out my open position yesterday. Gonna wait or some clearer indication as to what the market wanna do before I go in again.

Reflections

Been in quite a buzz of mind training and perceptions/reflections sessions these few days. My colleague at work passed me a book by Deepak Chopra. The title's synchro destiny and it is very much about how the coincidences in life, if we ever look deeper, is a subte system of letting us know what lies in our destiny. Put it this way, have you ever encountered meeting some people or experiencing something exactly at the opportune time? Such occurences change your life course and that means it's pointing you to possibly your destiny.

I also managed to watch the movie "The Secret". Ohya, here's the link: http://video.google.com/videoplay?docid=-7153285084873084783&q=the+secret
Well, in general, the movie-documentary is talking about the laws of attraction. The fact that what we think is possible has much more chances of coming thru...and simiar to Deepak Chopra, these experts believe that the minor details of how to get to your goals or dreams will be managed by the universe moving in favour of your dream.

The difference is, Deepak goes abit further to elaborate that such goals must be orientated in the best interests of the universe and humanity. That is to say, if it won't do good for you to be rich, he believes the universal forces won't be acting in your favour. But in any case, they are saying...believe in the dream and let the forces work the details out...

I was led to an MLM company's opportunity presentation yesterday. It's sometimes really odd to me that I'm cheated so easily. Not that I'm angry, not this time...I was once angry when something similar happened earlier. I remember going for a forex seminar and talking to some guys from the "import/export industry"...when I asked for more details... they said they deal with all kinds of goods. As long as there is demand they bring in it. And I was thinking I'm really lucky since I get to learn about the import/export industry insiders. Turns out it's another MLM presentation. To me that's cheating me. I understand that if they don't do so people might not even listen and therefore miss a great opportunity. And YES such companies, especially the very established ones are great opportunities. It's a alternative path to cashflow and fame and stability and wealth and freedom. So why am I not taking it up? Because I am not willing to take the commitment of meeting at least once a week. And I am not willing to bring friends down. And at a more fundamental level, I think the "I want you to be rich together with me" is crap.

Leverage is not a bad thing. But sometimes it's used for the most selfish of reasons. But that aside, my most recent session brought me to this concept presented in the collaborated book between Donald Trump and Robert Kiyosaki called "Why We Want You to be Rich". In this book they explored how risky people think "investing" is...and they came to this point and said something equivalent to "blame the player not the game." More accurately, they were saying investing is not risky...it's the investor that is risky, because investing is fundamentally a mental game. It's how well one controls their mind that determines their success, in fact, not only in the investments, but also in all fields in life.

I realised I always see the bad side of things before I see the good. But more often than not what I thought was better turned out to be equally bad. A good example is my job now. Before I started I believed it would give me opportunities to serve and interact with people. The last thing I wanted in a job is admin. And guess what, there's more admin than interaction in this job. But I'm beginning to find a joy. That is when I get to advice customers and help them beyond my job scope of telling them to pay their bills.

As Deepak says, the good and bad are both in us. This alludes to a Buddhist philosophy that this world is only an outer projection of our internal states of mind. In all things exists both the positive and negative. It's how one views it that really matter. I must set my mind to do 2 things now. One, draw up a gratitude list to express gratefulness for all the "coincidences" and occurences and fortunes in my life. Two, to start thinking of getting my dream job of doing customer service in practice and perfecting my interaction with people.

Banterings

Seems to me that I have a tendency to blog in the morning. It's 6.14am on my side now, and my past few entries have all been made around the same 6+ slot. Maybe I get too tired after work.

I was looking at the G/U chart. And the 4hours chart showed uptrends, confirmed by the daily charts showing a white candlestick which is greater in magnitude and higher high and lower low than the previous black candlestick. I'm sure there's a name for that, but I just can't remember. After a drop of about 300 pips for the past week and a half, this might be a reversal. But like I say, I'm so amateur, I can't even understand how the market takes to some candlestick formations and ignore others completely sometimes.

Another weird piece of information is that I heard from some other traders that G/U is expected to make new highs beyond 2.0100 in mid Feb...I can't understand how this news come about. Maybe I should read more.

I just got a trial lesson with another econs student! Yeah! Haha...well...not only will it boost my income, but it really gives me space to teach more and, therefore, learn more. From what I am told, this student is highly motivated and have been passing her econs, but require a further boost. Which means my focus would be on application and deeper analysis.

Looks like it's an opportune time to recontinue my reading of Business Times.

Missing $5

Haha. Well, I'm laughing at myself.

Just a short entry since I've gotta go to work soon.

Anyway, I was doing my accounting yesterday and I found that my supposed cash-in-hand in my accounts and the actual I'm holding deviated from each other. I checked and rechecked...finally I came to the conclusion that I might have lost it.

Then my girlfriend came along and I went thru the whole list of expenses with her. And she found where the $5 went! I had made a wrong entry of $22.50 for our dinner rather than the actual $27.50.

Reminds me of "Why We Want You to be Rich" by Kiyosaki and Trump. One of the most interesting insights (which undoubtedly one might have gleaned from other books) is that in the game of money...it is not the investment which is risky...it is more often than not the investor that is risky. Lack of emotional control is risky, no knowledge of financial judgement is risky.

In the same way...the "missing" thing here is not the $5 but my mind or awareness. It is strange how I got it wrong so many times when the actual figure of $27.50 was correctly reflected in my handphone note of my expenditures for the day. Assumption I guess.

Do not assume, not even if it's $5!

Money management

Or, more correctly, an attempt at money management. Well... not in terms of risk ratios in investing, but about how i deal with income. Also tracking my expenses for this month...and I've come up with the ratios of which account each income should be put into...income from my job(s) go half-half into savings for uni and expenditure. Income from tuiton primarily goes into my investment fund.

Hopefully that's sustainable. And that hope applies to my determination and/or passion in undertaking this task too...Ohya...and I need a proper way of recording...the way I do it now...it really darn messy...

In terms of other aspects of my financial life, forex has not been a priority...rather it can't be a priority wth all my work. But I still trade, demo trade of course, and try to spot reversal candlesticks and use the fibo retracement levels.

Next step: view other professional traders' blogs. Oh, and to attend a meeting with someone in Singapore who is organsing an amateurs' forex club.

On another front, I've a friend who wants to go into a distribution biz. Wonder if I can commit anytime...hopefully I'm of help...

That's it for now...hope you guys have a great week ahead! (it's monday here for me)

Admiration!

Today's Thaipusam. Well, I don't know exactly how this festivity evolved or how it originated. But I do know it's one of the central Hindu festivals, maybe second only to Deepavali in the local context. But looking at the scale of the celebrations in the evening around Dhoby Ghaut, I must say it is pretty moving and amazing to see so many devotees who took up the religious observance of carrying the kavadi. The kavadi's a metal structure shaped like a dome, on which are placed figures and representations of the Hindu deities. While being supported by resting on the shoulders, spikes are pierced into the body of the carriers. Of course, I won't be able to describe the experience or process since I've never been part of the Hindu community. I do believe there's a strong sense of pride in knowing a relative or member of the family undertaking such a holy task.

I was surprised on seeing two sights. One is a 80 year old man carrying the kavadi. The other being that some devotees, instead of carrying kavadis, might attach around 20 hooks on their back and pull altars of about 1m height along the way. And, I was told, some even walk on footwear full of spikes.

It came to my mind that the devotees' faith is so strong that they can bear the whole process. I have also heard that some go into a trance and do not feel pain. There are certainly some individuals who dance all along the journey, which makes the kavadi look really nice.

But the point is this...faith in something can hugely diminish negativities. When one is focused on one subject, all other matters can temporarily cease to matter or even exist. When I look at the 80 year old man...I also see what matters the most in this life. I see that it might be his last penance. No one can say for sure when we go. It might be his last wish. I won't speculate on the reason, but it must be overwhelmingly important to him to make this journey.

I wonder if, again, there is value to my existence...