Commit your works to the Lord,
And your thoughts will be established.
Proverbs 16:3 NKJV

I had previous encounters where a same verse would keep appearing to me, “smacking” me right into my face and I could resonate with it. Thus I believe it is Him who wants to speak to me and is trying to tell me something.

So, I knew I had to dig deeper and really understand what the verse is trying to bring across. On the surface, the verse looks simple just as it is – commit to Lord and thoughts be established (Duh! Simple English huh?).

But what does it really mean? Then I realized I don’t really understand “your thoughts will be established” (Ok, I confess that I am not that good with my English language)

So, I checked all the key words in the verse from Merriam Webster dictionary:

Commit = to put into charge or trust
Works = accomplished by effort, labor, perform something
Thoughts = a developed intention or plan
Establish = to bring into existence, to put into a favorable position

And here’s my revelation:

Whatever things you wish to have or struggling to perform (career, finance, health relationship etc), invite God into your situation and let Him take charge and trust Him fully. He will make your plans manifest, bringing forth into existence and you will succeed. We just need to rest upon Jesus’s finished work at the cross.

If you checked out the Amplified version, this verse will be much clearer:

Roll your works upon the Lord [commit and trust them wholly to Him; He will cause your thoughts to become agreeable to His will, and] so shall your plans be established and succeed.
Proverbs 16: 3 AMP

He believes these people have a wealth of knowledge to share and  wanted to unlock these insights so that aspiring entrepreneurs can learn from them.

The site is pretty new and I must say I am honored to be featured inside. Seriously, I don’t think I am that good or successful. Nevertheless I am happy to share my story and I hope it could be an encouragement to other young people.

Here’s the link to the interview below.

http://themaverickpaper.com/internet-maestro-alex/

Actually, year 2012 has not been really a good year for me and it was tough on me emotionally. That was nobody I could depend on until I found myself back in the arms of the Lord and I can say His timing is really perfect. He is never late, never early… just on time.

Anyway, I wish everyone of you a very blessed Christmas.

Year 2013 will be a great year!

This new fx site will be the place where I post my analysis, my views and the way I trade. The site is still “work in progress” and I will be adding more stuffs in the future such as trading articles, tutorials etc (if I can really sit down and pen my thoughts – I can’t write well! LOL) Right more, it’s more focused on my analysis on different currency pairs. In a way, it’s also like a trading diary to me, helping me to keep track and re-visit some of these trades or setups in the future.

It is a “hobby” site at this point in time. I am just passionate in trading… that’s all. I really want to create a site that can provide value and knowledge to other traders, especially newbies. There are just too many hyped-up nonsensical forex products out there in the market. You know… those “Make $20, 586 in 7 days Trading Forex With This Breakthrough System”. You get the idea. 99% of them are just pure marketers, i.e. they are not traders. They are just out to sell you and scam the hell out of your money.

Trading IS tough. If it is so easy, every Tom, Dick and Harry will be making obscene money and relaxing at the beach all day long. Isn’t it?

Anyway, if you happened to read my posts in my fx site, do support it by “liking” my posts or via other social media platforms, or you could just tell your friends who are interested in trading verbally, old-school style.

I realized most of my recent posts are about investing and trading. After some thoughts, I think I won’t focus and write too much on investment topics in the future. Not because I don’t like it, but rather I would like to keep this alexyeo.com more like a personal blog.

I am still very active in trading. In fact, I have created a new website on currency trading. Will “open” the site to the public in time to come. I only trade currencies and commodities nowadays. Very rarely do I trade Singapore/US stocks. All my stocks that I am holding on right now are more for “buy and hold” – long term investment or value investing if you like to call it.

One good news… I am back to church and into the arm of my Lord Jesus once again.

I don’t want to make it seems that I am always right with my trades – I was stopped out from my crude oil long position yesterday. There was a sudden plunge in price due to a rumour/speculation of a possible Strategic Petroleum Reserve release.

I am thinking of starting a new website on trading currencies. I already has the domain ready, just that I am lazy to get it going.

(click on chart for bigger view)

No matter how hard the sellers try to sell, it’s not coming down. In such cases, it usually means the buyers are going to overpower the sellers soon.

(click on chart for a bigger view)

There is a classical double top being formed. It is not forming a higher high and the 8/21 EMA is heading down and crossing soon.

The inside bar set-up with a pin bar is the type I like best. After a bearish downward move, it tries to go back up but failed eventually thus having a upper shadow, which formed a pin bar. The price action is telling me that it is rejecting higher price.

One could enter a short position upon breaking the low of the mother bar.

The support is at around 0.9940. We will see if it will reach that support area.

1) The world is full of liquidity, all the govt is pumping money to the financial system. Interest rate is at a record low worldwide. Every country is lowering her interest rate, including Australia. This is the first time in his whole life that he sees such event happening.

2) Crude, gold and commodities are officially in bear market. Reason: As long as the asset class dropped more than 20% from its peak and cannot recover within 3 months, it will be stepping into bear territory.

It is not that gold is not good. It is in fact too good already. Everybody who wants to buy gold has bought. The only way now is to go down. (exact words from HLY based on my translation) Demand will decrease. Even there is a QE3, Gold will have a spike lasting for a short while and will start to turn down again.

There are plenty of crude oil available, he believe can last 100-200 years. Just the salesman (OPEC) trying to convince the customer that supply is low/limited – to induce scarcity to raise price

Property markets will pull back slightly (10-20%) at later stage due to increase in interest rate. That result in return may not be that attractive. Owner may sell and return to stock markets. The pullback will last between 5 to 8 years. Again, he feels that those who want to invest in properties has already all invested.

3) Europe will recover in a very slow pace in 2nd half of 2012 which will be reflected in stock markets. Despite all these issues, Europe most stock markets are recovering pretty well not as bad as Lehman crisis period. He stressed that the EURO issue is not an issue at all. We are just  scaring ourselves. At most in time to come, those weaker countries (Greece etc) will just leave the euro zone.

It will not collapse. All those “economists in the media” are just trying to scare people to portray a doom day. His analogy: This euro issue is just like a mosquito buzzing around you. It can keep stinging you but you cannot die from the stings. Just very annoying only.

4) Europe and some Asia markets are at relatively bottom levels. Not high to begin with.

My personal views:

I am also bullish personally.

A) This year is an US election year. Market has traditionally gone up in election years. Obama is going to make the stock market and economy looks “good” if he wants to get re-elected.

B) From what I gather from most people I talked to and from guru’s articles I read, majority them are bearish for year 2013-2014. If most people are bearish, somehow I feel the market will not crash, cos’ most people will be prepared for it. The opposite might occur instead which is a bull market.

C) The US and the Euro problems are known issues. They are not unexpected. When the problems are known, it will not cause a crash.

Be it you are bullish or bearish… just invest within your own limits. There are no right or wrong. Stick to your own views.

This is what makes the market cos’ we are the market. If everybody has the same view, there will be NO MEAT left and you will not be able to profit from the market.

Given the recent bullishness in crude oil, I was expecting it go higher. I set a stop entry buy when it broke above the mother bar on 5th July. However it turned out to be a false breakout. Price retraced back within the inside bar.

It was a false breakout and such price action is known as a hikkake pattern.

But somehow I just didn’t “see” it. I didn’t know what got into my head and completely missed it!

Should have liquidated my long position and turned short immediately. But I didn’t because I totally overlooked this hikkake pattern. I was stopped out in the end.

Well I am not sore about it. Just another learning experience for me. I need to open my eyes bigger in the future!

Moving on to the next trade!