Carry Trading Thoughts

Sunday, August 31, 2008

Today's post is basically a bit of mental exercise concerning accumulating carry trades. If you are looking for serious advice, this post probably isn't it.Anyway, for the two or three people that do follow along, you know that I like carry trading. For today's exercise, let's consider the GBPJPY. Looking at the five year chart on Google finance we can see an absolute range of approximately

Part Time Currency Trader

As I've written before it is quite easy to become a currency trader. The harder part is being a currency trader that doesn't lose money. You see, according to the scuttlebutt on the forums, about 90% of new traders end up losing their money to the market.Are you thinking about trying your hand?I'm not here to talk you out of it. I myself am a part time currency trader. By day I work at my

Forex Turmoil: Still On The Sidelines

During the last few weeks of topsy-turvy price movements I've been playing it safe. I like to buy carry trade pairs, but they've been heading down a lot.Now, the big question, when will things start to turn around? A few of the pairs are getting into historically low valuations. For example, take a look at the GBPJPY pair on google finance -- click the 5yr option when it loads.Sure, we could


Wednesday, August 27, 2008

Last nite usdcad fall too much and too fast. Is is unexpected. As usual when a pair move too much and too fast, it will lose it balance. As a result, usdcad maybe entering swinging mode for a few days. It doesnt really has direction. It will just goes up and down waiting for it to balance out before a new trend continue.

I am still holding usdcad short for now but in the long run it is not profitable. I will exit soon and wait for the equilibrium of the pair.


Tuesday, August 26, 2008

Market is swinging here and there but I think its going to settle into a trend soon. Here it goes. Trade with cautions

Short USDCAD @ 1.0550 or better

Long AUDUSD @ 0.8500 or better

The idea of how to be in profit in forex is to have a good system. A system with accuracy of about 80% or better. Then you take trade using a fixed risk. Meaning all your trade have a fixed value of SL but unlimited value of TP. In the long run you will be able to profit since the accuracy is over 80%


Monday, August 18, 2008

Its monday and forex is moving slowly at the moment though the direction is clear. Trade to the direction and take profit at will. Enter again only to the direction.

Off topic for a while, I just wanted to share with you a new way to call and best thing is call for free. There are a lot of program that will allow you to call over the internet for free. Some of them are Skype, Gizmo, Fring etc. What I am going to tell you today is how to make free call using Gizmo.

In short gizmo is a pc and phone application that will allow you to make free call using the internet through GPRS, EDGE, 3G or WIFI. If you have a phone that is capable of WIFI connection, then you can install this software on the phone and make free calls to using WIFI network that is available mostly everywhere.

Why I choose Gizmo. Its because Gizmo is currently supported by Nokia Beta Labs. The installer is available and implemented directly into Nokia Phonebook. You may find the installer here.

Apart from that, there is also a desktop version which you can make free PC to PC calls. Download it and install to PC. There is also ALL CALL FREE which you can read at the gizmo website.

Go ahead install and leave your username here so that we can call each other for free


Friday, August 15, 2008

Trade at your own risk. Manage your position properly

Long AudUsd @ 0.8700 or better


Wednesday, August 13, 2008

Last week signal all lost. All hit SL and stop trading. Today a new signal emerge.

Short UsdCad @ 1.0650 or better


Tuesday, August 5, 2008

As usual, Forex doesnt move in a straight line. No matter how strong, how fast, correction is inevitable.

Last week signal has resulted a stop for EU and Uchf. Ucad is still climbing from my entry point. This week a few pairs has reached its peak/bottom. Trade at your own risk

Long AudUsd @ 0.9265 or better

Long GbpUsd @ 1.9600 or better (High risk)

Trade at your own risk. Manage your position properly.


Saturday, August 2, 2008

Market is closed so nothing to see and nothing to do. I will post today how to tweak Celcom 3G so that you can get maximum speed from HSPDA.

PC Setting

1st part is pc setting. You have to max out every setting at you pc for the Nokia Modem. Get to the properties of your modem be it a phone or dedicated modem. This is how my pc setting for the Nokia N95 modem.

That is the pc part. Some people say it is not important since the driver will determine the com speed but I do it anyway just to make sure all speed is max out. Next is the important thing that is the phone setting.

Phone Setting

Get into your phone menu and change the network setting to UMTS only but in order to do this u must make sure there is a strong enough 3G signal. This forces the modem to use UMTS or HSDPA mode. At the moment max download speed for HSDPA is 7.2 Mb. So in theory 2 Mb is a piece of cake.

That is the setting i use to tweak my celcom 3g using Nokia N95 as modem. Simple but effective. Highest download speed recorded is around 2Mb but as we know, Celcom 3G isnt at is best now. Sometimes when the network is bad I couldnt even log in. Considering the speed and mobility, Celcom 3G is going to kick screamyx ass for sure. Dont you think?


Friday, August 1, 2008

Last time I used to complain about Celcom 3G speed. Well it seems there is a way to make Celcom 3G fly. With a little tweaking you can achieve the same result and more.This is a recorded speed of my daily broadband unlimited with a cap speed of 384kbps. My max download speed is recorded at 2mbps. Anyone here wants the tweak?


This is a signal that happens on 1st Friday of the month. As usual it is always high risk to trade this early. You may take the signal if you are up to the risk involve

Short USDCAD @ 1.0254 or better

Short USDCHF @ 1.0517 or better

Long EURUSD @ 1.5520 or better

Trade with caution. Btw my final performance for July 08 is as below after taking 3 more trades this week.

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