Yesterday was a good day. Seriously 700++ pips from GJ alone. Total of over 1500 pips in the bag.
Its a new day and a new direction has present itself. At moment there is nothing that I can do except to follow the direction. At the moment holding short on GJ, GU and EU. This is a short position that I have to monitor. This is because at the moment, all these pairs are in an uptrend formation.
Satu pesanan kepada murid-murid forex. Ingat waktu masuk kelas forex adalah jam 9 pagi. Apa saja yang dihidangkan pada jam 9 pagi setiap hari perlulah diterima dengan hati terbuka. Jgn sekali kali melawan market. Ini kerana market adalah berkuasa penuh dalam dunia forex. Ingat ye, mulai hari ini, perhatikan jam. Masuk jam 9 pagi, apa saja signal yang ada itulah dia permainannya utk hari tersebut.
Happy trading everyone. I trade during the day, and party at night. Is it ladies night tonight?
Update: 11:50 am
Closed all short position. Looks like its going nowhere. Now waiting for a new direction. Looks like there will be a new direction around 12 noon. Next direction is schedule at 3pm. If the direction of 3pm is a no show then the 12 noon signal will remain till tomorrow. At least that is how I understand it.
Ingat jgn trade membabi buta. Babi buta takkan boleh hidup lama. Jadi gunakan akal dan indicator yang ada dan tidak dilupakan volume dan masa. Jam 9pagi, 12tengahari dan 3petang. Renung renungkan
CHANGING DIRECTION
It seems that all pairs are changing direction. I personally dont know if this is a correction or the actual turn. Only time will tell but in the mean time, I am riding it. Long EU and AU at the moment and intending to hold it as far as the trend allows it. Happy trading everyone
A PICTURES TELLS A THOUSAND WORDS
Just thought I would share a picture of my chart. I have decided to share it since I have to use 3 different settings on 3 different brokers to get it just right. Chances are you will find it hard to get exactly what you see here and what you see here dont tell you the whole story.Its forex anyway. You dont have to get the chart right, just get your head right.
White arrows shows how the price interact with the levels that Ive drawn. Its like magic actually. The wonders of Fibonacci.
Btw, volumes are extremely low at the moment. Do not enter.
White arrows shows how the price interact with the levels that Ive drawn. Its like magic actually. The wonders of Fibonacci.
Btw, volumes are extremely low at the moment. Do not enter.
FREE YOUR MIND IN FOREX
At the moment all major pairs are dropping like flies sprayed with Ridsets. Take your position anytime you want. Its a sure winner. No point talking about something like that. Even a noob is making profit now
What I am going to tell you today is what most new comers dont understand. Its about forex market. What type of people can survive in it.
If you were to become a trader, you must be free of all biased, thought, hope and the likes of it. You dont even have to think. Just see where the market is heading and follow it. Dont trade because you think a pair is going to move somewhere. If you think, you are hoping for it to move according to your desire. You are biased towards it. You are going to be punished by it.
Forex doesnt care what you think. It moves for certain reason and a combination of factors. If you dont know the factors or too lazy to do research, all you can do is follow.
One more thing, most people that I know who trades using technical analysis dont take into account the amount of money moving in and out of a currency. Forex is a money market. People are using money to get more or to lose more money. There is nothing inside the forex market other than money. My advise is pay attention on the volumes traded. It is a fact that at times the volume is too low and those times are not a good time to enter the market.
What I am going to tell you today is what most new comers dont understand. Its about forex market. What type of people can survive in it.
If you were to become a trader, you must be free of all biased, thought, hope and the likes of it. You dont even have to think. Just see where the market is heading and follow it. Dont trade because you think a pair is going to move somewhere. If you think, you are hoping for it to move according to your desire. You are biased towards it. You are going to be punished by it.
Forex doesnt care what you think. It moves for certain reason and a combination of factors. If you dont know the factors or too lazy to do research, all you can do is follow.
One more thing, most people that I know who trades using technical analysis dont take into account the amount of money moving in and out of a currency. Forex is a money market. People are using money to get more or to lose more money. There is nothing inside the forex market other than money. My advise is pay attention on the volumes traded. It is a fact that at times the volume is too low and those times are not a good time to enter the market.
SLOW MONDAY FOR FOREX
Last week was a good trade. It turns out AUD to be the most volatile and combine that with JPY we have a huge mover. At the moment I am still holding my post of AUDJPY from last week.
Its monday again and like usual its going to start of slow. At the moment the strongest currency is AUD and the weakest is JPY. The signal is to long AUDJPY. Entry point is the hard part. You have to figure it out yourself. Advise is to enter on the next pullback.
As for my basic system, I have found the perfect addition to it. It is exactly what I have in mind with a beatiful and simplified way of presenting it. It is so simple that I will not share the screenshot of it. Since anybody can trade with such a simple indication on the screen.
Forgive me if I am not willing to share since its my work of art for the last 2 years. I am still looking for open forex tournament. Anyone knows any tournament which I can test out my system?
Its monday again and like usual its going to start of slow. At the moment the strongest currency is AUD and the weakest is JPY. The signal is to long AUDJPY. Entry point is the hard part. You have to figure it out yourself. Advise is to enter on the next pullback.
As for my basic system, I have found the perfect addition to it. It is exactly what I have in mind with a beatiful and simplified way of presenting it. It is so simple that I will not share the screenshot of it. Since anybody can trade with such a simple indication on the screen.
Forgive me if I am not willing to share since its my work of art for the last 2 years. I am still looking for open forex tournament. Anyone knows any tournament which I can test out my system?
CHARTS GIVES US A CLEARER PICTURE
At the moment EUR is stronger compared to GBP. EUR manage to hold its level while GBP has break a level and is hanging mid air. Beware of your GBP trade.
THE 3 PLANETS INLINE. EXPLAINED
Most of people trading Forex that I know will trade based on pairs. They will trade EU, UCAD, UCHF etc. They trade based on individual strength of pair. Lets look at it from another direction.
When we trade EURUSD, we are actually comparing the strength of EUR and USD. Which ever is stronger we will be buying it in order to be profitable and vice versa. It is true that pair such as EURUSD will move based on fundamental and technical factor. What if we compare USD to 3 other currencies such as EUR, GBP and AUD. If you look at the chart closely you will see that sometimes these 3 pairs break the trend at once. Meaning they are syncronize.
The way I see it, if all 3 currencies of EUR, GBP and AUD becoming stronger compared to JPY at once. This is a sign of true weakness of the JPY and a huge move is going to happen. These moves can be seen once or twice a week only but it will give a huge return.
Let illustrate this for better understanding. This is just a simple example using MA. I am sure you can do better with more advance indicator. Below is chart of 3 pairs. GBPJPY, EURJPY and AUDJPY. At the yellow line, we have MA cross at the same time. See what happens afterwards. Basically this is the idea, I am using RSI to filter the noise and trade those 3 inline moves. Thats how I make money last night. I used MA, RSI and Heiken Ashi.
I would like to know what do you think of this system. Its a system because I am trading it again and again with success. Let me know what you think and your idea in order to filter it.
When we trade EURUSD, we are actually comparing the strength of EUR and USD. Which ever is stronger we will be buying it in order to be profitable and vice versa. It is true that pair such as EURUSD will move based on fundamental and technical factor. What if we compare USD to 3 other currencies such as EUR, GBP and AUD. If you look at the chart closely you will see that sometimes these 3 pairs break the trend at once. Meaning they are syncronize.
The way I see it, if all 3 currencies of EUR, GBP and AUD becoming stronger compared to JPY at once. This is a sign of true weakness of the JPY and a huge move is going to happen. These moves can be seen once or twice a week only but it will give a huge return.
Let illustrate this for better understanding. This is just a simple example using MA. I am sure you can do better with more advance indicator. Below is chart of 3 pairs. GBPJPY, EURJPY and AUDJPY. At the yellow line, we have MA cross at the same time. See what happens afterwards. Basically this is the idea, I am using RSI to filter the noise and trade those 3 inline moves. Thats how I make money last night. I used MA, RSI and Heiken Ashi.
I would like to know what do you think of this system. Its a system because I am trading it again and again with success. Let me know what you think and your idea in order to filter it.
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