How about Dow 14,000+?

Monday, November 8, 2010

Co-investors,

May 6 - when the Dow nearly 1,000 points intraday - was just the beginning of a tough leg.

I've been warning the subscribers of a few months now - just like us a ton of money on the long side of the market - one day of reckoning is approaching.

My technical indicators - tracking options wave analysis chart patterns - although for me that would be cruel. And despite multiple layers of volume Rally, the worst is yet to come.

You can stick your head in the sand like an ostrich, or you can earn a ton of money on the short side of the market with my

There is no law that says you have to lose money just because everyone else is.

I have not stopped wearing bell-what happened to this right this time. I got the big rally off the bear market depression, and my subscribers for substantial profits in the long term the market since the end of time.

But now is the time to get things to link a bit. We are mainly trading "put" options on Parabolic Options now.

The Dow's 9000 line, and you can get on together or go for a lucrative ride.

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First a swim, then a rocket ride back to

As I said, this correction is cruel, but it will be brief.

Never in my life chart reading and technical analysis I have seen a pattern more clear.

This correction will shake the dumb money back. And most investors will not be completely wrong on the mother of all bull markets, such as the Dow climbed to new all-time highs in the next 6-9 months!

People have me "fighter" when I told subscribers to go long in March 2009 - right in the market. They all clamor to sell when the market fell back to the beginning of the summer
- While we gebank big profits from the rapid rebound I knew would come.

I have gold meteo se Riese emerging as the same Wall Street "gurus" called for an "imminent collapse" of the commodities "bubble." And if they all proclaim an end to the rally every month from September to April, we continue to act and held bank profits.

The Wall Street crowd was angry over and over again. But my own technical indicators called every major market moves. We have the right, and we have the profits to prove it.

The "scissors" lacked any chief marks turning the past 18 months. And I guarantee they will be shocked by the cruelty of this short leg off and confused by the real historic rally that follows.

But I love big surprises, that's when we
make our greatest gains in clusters!

Since we started publishing Parabolic Options, our best lines came in trade advantages, when most investors were surprised by the market moves, we can identify with scientific precision. For example:

* Over a two-week expands in May 2008, we closed transactions for 275% profit, profits 320%, 512% and 257% profit gain, among others.

* From mid-August to early September 2008, we entered into sixteen winning trades in a row, including profit of 158%, 132%, 164% and 509%.

* Shortly afterwards, we did not really hit big with 27 winners in 28 trades - with 15 winners who doubled our money or better.

* When I was in March 2009, we closed another 13 winners in a row over a two-week stretches, including three more money-doublers.

* From late July through mid-September, we enjoy a feast of the other 31 winning trades closed with gains, including gains of 100%, 105%, 152% and 197%, among others.

* We closed 2009 with another run of gains, closing 33 transactions in wins the last two months of the year - for the profit of 115%, 162%, 108%, 109% and more.

* When the January overwhelmed shaken off the dumb money, we jumped in head first full advantage of the rally to take us knew would come. Besides, we closed 77 trades since February, piling up 61 winners - a 79.2% winning percentage - including 161% 588% 157% 100% 110% profit, and much more.

* And on May 6 - at a time when panic reigned Wall Street - we quietly closed another 17 winning trades, including seven who doubled from money or better!

So yes, our biggest gains come in clusters. And I fully believed in the coming months some of the best gains of my life will make investment.

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And a big win too easily made.

I trade shares. Nothing wrong with that. You can see some nice gains in a hurry if you know what you do.

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TraderTune.com is ready to launch!

Friday, November 5, 2010

Ready for Launch!
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Wednesday, November 3, 2010

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How To Trade Forex With Elliott Wave

Monday, November 1, 2010

Tips From a Pro: How To Trade Forex With Elliott Wave

Watch Jim Martens, Senior Currency Strategist at Elliott Wave International, the world's largest market forecasting firm, give tips on how to trade forex with Elliott wave analysis - free.

The U.S. dollar is the current center of the global financial community's attention, and it will likely stay in the spotlight for a while. That could be good for the forex market - and you, a forex trader.

Already the largest and most liquid market on the planet - with the daily volume ten times larger than the combined daily turnover on all of the world's stock exchanges - recent focus on the dollar is likely to attract even more currency speculators. And that means even more volume and liquidity - a nimble trader's paradise.

Winning in forex is not easy. You need skill, discipline - and sometimes, just pure luck. You also need a method. You may have heard that Elliott wave analysis is something many forex traders use. It's true; wave analysis is not a crystal ball, but it helps you accomplish three crucial goals: Identify the trend, stay with it, and get out when the trend is likely over.

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At its core, Elliott wave analysis is simple. Watch Jim explain why.

What Elliott waves are best for trading forex?

How do I identify trade setups?

At what point in a wave pattern do I enter a trade?

How do I manage risk with Elliott? Etc.

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Friday, October 29, 2010

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Trade Together with Currensee

Wednesday, October 27, 2010

Everybody's talking about Currensee, the first Forex trading social network

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Trading is Actually Much Simpler

Monday, October 25, 2010

Human tends to over-complicate things. It is in our nature to try and improve what we have but most of the time we overcomplicated things and forget about the simple solution.

In my previous post, I posted a chart of a basic system. It consist of candle stick chart, moving average and macd. Only 3 indicators and it is a very simple system rite?

The answer is, it is not so simple actually. Candle stick alone tell you 4 things that is, open, close, high and low price. MA tells you direction of trend, entry point, start and end of trend. Macd tell you trend, entry point, reversal point.

From only 3 indicators there are actually 11 information cramp into that small chart. Too much info and decision making is a hard job. Though i filter comments, no one has actually ask about the amount of information on chart. It seems people can accept 11 information at once. Can you manage 11 input at once and make a decision out of it??

Trading is actually much simpler. It is actually possible to make profit with only 1 information. Believe it or not??

FOREX IS is Not a Science

Friday, October 22, 2010

When you say trading, people will say trading is an art. Look at all the books that has been published on the subject. They will say the art of trading forex.

In that sense, we must take forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them coz I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation.

This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it.

Forex is not a science. There is not a single mathematical equation that can explain it. Do not forecast, do not predict, do not anticipate. All you need to do to make profit is to follow the market. If the price is going up, you buy. If the price is going down, u sell. You may not win all the time but if you follow the market, in the end you will be in profit. Make profit and build up your capital up to a point where a few winning trades per month will bring huge profit.

Can you accept it? Can you mind admit it? Is your logical mind challenged? Do you feel helpless? Welcome to the real world :)

ITS SIMPLE.

Tuesday, October 19, 2010

Sorry for the less updated blog. I dont feel that I have anything else to put in. The answer is all in here. This was more like a log to me. I put in everything that I learned in forex.

To make things easier, I will summarize it.

What is Forex?
Forex stands for Foreign Exchange Market. Where you buy 1 currency over the other (exchange). Its a business, no matter what people say. It involve buying and selling like any other business only difference is the medium is currency.

How to trade Forex?
The idea behind forex trading is to make profit from the difference in prices. Simply put, buy when the price is low and sell it when the price is high. Its just like the item you buy in stores, the store keeper is selling it at a higher price to make profit except in Forex you can sell first at high price and buy back later when the price is low.

When to buy and when to sell?
Logically you will sell when the price is going down and you will buy when the price is going up. It is simple but in practice this is what killing most traders. Something so simple can be so complicated.

How to know when the price is going down/up?
The price is going down when it no longer making new high. The price is going up when it no longer making new low.

Final advice
Forex is a human activity. It involve buying and selling. Because it is a human activity, it is not predictable. You cannot predict when is the time you need to go to toilet or when you are going to cut your hair. It is all based on situation. Prediction is an over statement of intelligence in Forex. You dont need it.

Fortunately not everything is unpredictable. By nature human tends to follow what other people are doing. In Forex there is something called the Trend. It happen when lots of people are doing the same thing at the same time (follow??). when more and more people are buying, you buy. When more and more people are selling you sell.

Dont get greedy. Put a reasonable target for each trade and get out once you get your target. There will always be another trade tomorrow and you dont have to trade everyday to make profit. Btw, last week I only trade once.

Good luck to all you traders. For the new blood, take your time. Give it 2 years before you can understand it and go for the kill.

Topping Out?

Friday, September 17, 2010

It looks like the AUDJPY may be topping out. The following 15 minute chart shows a return to a previous high with something that could end up being a head and shoulders pattern emerging.However, the 3 hour chart is showing a possible continuation and has been trending upwards for quite a while.Open up your trading platform and choose your play...Play safe!

Return Of The Robots

Sunday, August 15, 2010

Once again I am purely a robot trader.Part of the reason is that my day job does not allow me to use company Internet or computing resources for the purpose of earning revenue. This is a sensible restriction even if my use would only have been to let me view charts and enter trades.Now I use the Internet at work purely to watch how my robot is doing. I don't enter trades, I can't access or

FOREX IS AN ART

Friday, July 23, 2010

When you say trading, people will say trading is an art. Look at all the books that has been published on the subject. They will say the art of trading forex.

In that sense, we must take forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them coz I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation.

This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it.

Forex is not a science. There is not a single mathematical equation that can explain it. Do not forecast, do not predict, do not anticipate. All you need to do to make profit is to follow the market. If the price is going up, you buy. If the price is going down, u sell. You may not win all the time but if you follow the market, in the end you will be in profit. Make profit and build up your capital up to a point where a few winning trades per month will bring huge profit.

Can you accept it? Can you mind admit it? Is your logical mind challenged? Do you feel helpless? Welcome to the real world :)

OVERCOMPLICATED TRADING

Wednesday, June 30, 2010

Human tends to over-complicate things. It is in our nature to try and improve what we have but most of the time we overcomplicated things and forget about the simple solution.

In my previous post, I posted a chart of a basic system. It consist of candle stick chart, moving average and macd. Only 3 indicators and it is a very simple system rite?

The answer is, it is not so simple actually. Candle stick alone tell you 4 things that is, open, close, high and low price. MA tells you direction of trend, entry point, start and end of trend. Macd tell you trend, entry point, reversal point.

From only 3 indicators there are actually 11 information cramp into that small chart. Too much info and decision making is a hard job. Though i filter comments, no one has actually ask about the amount of information on chart. It seems people can accept 11 information at once. Can you manage 11 input at once and make a decision out of it??

Trading is actually much simpler. It is actually possible to make profit with only 1 information. Believe it or not??

Action Insight Mid-Day Report

Wednesday, June 23, 2010

Mid-Day Report: Sterling Surges as Sentence Voted for Hike, Canadian Dollar Lower on Retail Sales Disappointment

Sterling rises sharply today as BoE minutes showed that policy Sentence voted for a 25bps hike in last meeting. The minutes revealed that the Committee voted 7-1 to keep the bank rate unchanged at 0.5%. This was the first time in almost 2 years that a rate hike was proposed.

Investment Herd

Sunday, June 20, 2010

10 Complimentary Lessons to Separate Yourself from the 'Investment Herd'

"Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it."

I pulled this quote directly from the opening paragraphs of the free Elliott Wave Online Tutorial. It's critical to your understanding of how markets really work.

Now some might say, "What's wrong with following the crowd? I'm just following the easy money, right?" The problem with this logic is that most investors follow the crowd (or herd) all the way up the mountain ... then right off the cliff.

Look at today's situation: How many people you know got out of the stock market before the October 2007 top? Heck, how many you know cut losses and cashed out even six months after the top?

If you're like most people, your answer ranges from "zero" to "very few."

Being a successful investor over the long-term means you must always strive to be part of that "very few."

Famed market analyst Robert Prechter, the leading practitioner of the Elliott wave method of market analysis, once said, "Missing a market move may be a shame, but getting caught on the wrong side of one means you lose money. People who have gone through the experience know there's a big difference."

To be a successful individual investor, you must understand what it means to take risks when the probabilities are behind you and shun risk when they're not. Robert Prechter's method of analysis, the Elliott Wave Principle, is designed to help him and his subscribers do just that.

Buy and hold is dead. Trading isn't any easier. Having a big-picture outlook doesn't mean you must "set it and forget it," as the late-night infomercial guy says. And it certainly doesn't mean you must be in and out of the markets every day. It simply means you can see the forest for the trees.

You can go long when the markets are behind you, short if you have the guts, and stay out completely when the risk is too high. Simply put, adopting an independent, unbiased method is the very best way to ensure you don't get caught up in the investment herd.

Elliott wave analysis is not for everyone. It's highly technical. And it presents probabilities, not certainties (there's no such thing as a black box trading system). The most successful investors and analysts - the guys who are still around after 30 years like Prechter - are able to assign probabilities and assess risk; and they act only when probabilities are high and risk is not.

I encourage you to learn more about the method that has kept Robert Prechter out of the herd and in the game for more than three decades. His company, Elliott Wave International, has an extremely useful Elliott Wave Tutorial for free online. It's broken up into 10 lessons across 50 pages, so it's easy to read and review at your leisure.

Check it out at the link below, give yourself some time to digest it, and decide for yourself if Elliott is a method you should add to your investment arsenal.

Separate your investments from the herd; get started with the free Elliott Wave Tutorial today.

Action Insight Weekly Report

Swiss Soared as Intervention Ended, Sustainability of Risk Rally in Question

Swiss Franc was the undisputed winner last week after SNB signaled end to intervention. Euro was lifted by solid bond auctions in Spain and strengthened against dollar and yen. Commodity currencies were even stronger as supported by risk appetite on rally in global stocks. Dollar was generally soft with dollar index extended recent pull back to as low as 85.45. However, we're skeptical on the sustainability of risk rally as yen didn't showed corresponding weakness as dollar in last week's trading. Gold has indeed jumped to new record high of 1263.7 while US treasury yield hovered in tight range above near term low. Risk sentiments are vulnerable to reversal.

Action Insight Daily Report

Saturday, June 5, 2010

Daily Report: Dollar Maintains Post FOMC Losses

Dollar remains soft in Asian and maintains post-FOMC losses against major currencies. Asian markets are generally higher on news of resignation of Australian's PM Kevin Rudd but gains are mild so far. New Zealand dollar is the better performer in a quiet market today as supported by solid data which showed GDP rose 0.6% qoq, 1.9% yoy in Q1. Other data released today saw Japanese trade surplus narrowed to JPY 416b in May, corporate service price index dropped -0.8% mom in May. Focus will turn to durable goods orders and jobless claims from US.

A BASIC SYSTEM - 10/05/10

Monday, May 10, 2010

I posted a basic system before with a chart of GbpUsd. Now I am going to use the same system and post the same pairs again.

Now GbpUsd has cross above LWMA55 and Macd has cross also. This is a new signal. So from now on only consider long position on GbpUsd. Btw anyone notice the price on this chart with the one i posted earlier?

Someone posted trade details. It seems the way I am trading will make me go bankrupt. All I can say is you dont have the idea what Forex is. Maybe I may not know how to handle the current market but my demo account has no drawdown. Maybe its coz im lucky. I just dont know.

I have stop trading the demo on marketiva. For $30 for the monthly winner. It is just a waste of time (Now I am going to reverse trade it). Instead I go for Instaforex forex sniper. Prize money is $1500 for weekly winner. Check out the banner on top.

A BASIC SYSTEM - 10/05/10

I posted a basic system before with a chart of GbpUsd. Now I am going to use the same system and post the same pairs again.

Now GbpUsd has cross above LWMA55 and Macd has cross also. This is a new signal. So from now on only consider long position on GbpUsd. Btw anyone notice the price on this chart with the one i posted earlier?

Someone posted trade details. It seems the way I am trading will make me go bankrupt. All I can say is you dont have the idea what Forex is. Maybe I may not know how to handle the current market but my demo account has no drawdown. Maybe its coz im lucky. I just dont know.

I have stop trading the demo on marketiva. For $30 for the monthly winner. It is just a waste of time (Now I am going to reverse trade it). Instead I go for Instaforex forex sniper. Prize money is $1500 for weekly winner. Check out the banner on top.

FOREX 4TH ANNIVERSARY

Thursday, May 6, 2010

Today marks the end of 4th year I am in Forex and I am still here. Most of the friends that I know trade has already stop. It must mean something to stay here for so long when most people quit. Its either I am really stubborn or I am not losing money. Which one you think?

After 3 days of demo trading I got over 25k of profit from 10k max lot trading. Its over 250pip net profit. Not bad for a part time trader and a 7th place so far. I dont think I can be number 1 coz of limited time I trade. Its a good progress, it shows where I am after 4 years. How about you?

A BASIC SYSTEM

Friday, April 30, 2010

Any system need to have a very good basic to stand on. Once the basic is sort out, then all the accessories can be add on. Just remember not to add too much to it. Today I am going to give a basic system. It consist of only 2 indicators. Being simple, it is able to generate good signal. Just remember to put SL properly.


Indicators:
1. LWMA 55
2. MACD standard setting

Time frame: 30m

Stop Loss : 35 pips

Take Profit : 35 pips or more.

Currencies : EurUsd, GbpUsd, EurJpy, GbpJpy

Trading System:
LWMA act as a thin trend line. If the price is above it, its uptrend. If the price is below it, its downtrend. So you buy or sell according to trend. Never reverse trade. MACD also shows the trend. If MACD is above 0, its uptrend and the other way around.

I have put 3 vertical lines in the chart where MACD cross 0. Once MACD cross 0, you should only trade according to trend. You entry should be on the LWMA 55 or close. At the moment MACD has cross 0 and is heading down. From now on only consider short position. Try to enter as close as possible to LWMA 55.

Caution has to be taken, even though MACD has cross the trend is not yet full down actually. There is another indicator that I use to show trend and its not full down yet. Unfortunately that indicator is no where in the chart because it is not on GbpUsd chart. It is somewhere else.

Now you wonder why its not there. The truth is most people fail because what they are looking for is not there. That is what I meant with looking at the wrong direction. The trend indicator for GbpUsd is not on GbpUsd chart. Weird isnt it?

You can take this basic system and try to add on what ever system you have. Hopefully it is useful. Good Luck

Weekend Notes

Sunday, April 25, 2010

I've been through a lot of (non-trading) issues since I last wrote.My family and I have moved halfway across the nation, we've gotten new jobs, and had to take care of a million minor items that occur when you relocate your life. Sorry for the lack of updates.I have been doing a little manual trading here and there.The AUDJPY has been failing in the 87.xx range for most of this month. Greece,

THE ENDING IS NEAR

Thursday, April 22, 2010

1,447 days ago I started to step in the world of Forex. 6th May 2006 is the day I registered my 1st demo account and its a Saturday. Through out my journey in Forex, there are no actual manual, text or books that I can really refer to. Its like an unexplored land with no maps what so ever. There are only guides available online with no one giving specific answer.

Though hard it may be I started to develop my own system and continue to improve on that system. No matter how I try to improve it, there is still something missing. After a long and hard work I finally got the answer. It is an answer that I wasn't willing to accept. So I disappeared for almost 1 year though my part of moving places only took 1 month to settle.

Now I am back trading with the answer in my head thus a new direction in my sight. Turns out it is really easy once you have the right answer. You know the question as well as I do. "WHAT IS FOREX".

I believe my learning period in Forex is almost over. I can now see direction clearly. I know which pair to trade with the highest probability of profit. I know when to exit and I know when to turn off the computer while still holding positions. I have mastered the basic of Forex. The only thing now is discipline and Money Management.

What I am not willing to do is to write in this blog about trading ideas. I may blow out the answer. After almost 4 years, its not something I am willing to give easily. There are no notes, no records, nothing written anywhere on my trading ideas. Its all in my head. My system now is so simple, it consist of only 2 main indicators which I can trade without. Find the answer and its all smooth sailing from there. I just wish I have found it earlier.

For those of you who show interest in my new trading system, thank you for the attention. I have stopped giving out my system due to limited time I have to teach. I dont teach, I dont sell my system, I dont ask for your money and I dont give signals.

You can come and visit this blog. I will give chart analysis from time to time. Dont expect too much coz there is not much in Forex anyway.

Good luck to all of you. Thank you for visiting my blog. For today, do sell GJ coz its going down. You just need to figure out where to enter. Its not an easy task, I know coz Ive been there.

A TRADER'S TOOLS

Saturday, April 3, 2010

A mechanic has many tools. Each tools with its own usage and purpose. It is only down to intelligence and creativity that separates a good mechanic and a bad one.

Like a mechanic, a trader has many tools as well. Each indicator is a tool for the trader and a combination set of tools with rules is a trading system. A good trader has not 1 but many system. Each system has different purpose. It is down to knowledge and creativity that separates a good trader and a bad one apart from portfolio.

The best time frame to trade is the lower time frame but due to noise and spikes it is difficult to trade using lower timeframe. It is the reason why most trades fail in short time frame.

EurUsd has been ranging for the past few days and due to it, has hit my stop loss twice. Being a trend trader myself, I just cannot trade during these ranging period. So I stopped trading and try to make a new trading system using lower time frame to catch these ranging market.

It seems with a new set of tools (not new actually, had not used them for a while), I have manage to create an almost perfect trading system for all time frame but with the target of 15m chart. The only thing that this new system doesnt show is when not to trade which i made up with a new set of rules.

If any of you would like to try the new trading system please leave your email. I will try to get back to you ASAP.

EURGBP DROP

Tuesday, March 30, 2010

Yesterday I wrote about EG connection. Guess what, I took the whole EG drop and run away with it. Right now all live post on EG is closed, profit in the bag :).

I was so confident on EG drop I was betting 50% of my capital on it on 1 post only. Quiet a risk and really worth it. I feel like I just won a horse race :))

EU still up there and there is a killer spike up to 1.3537. Atm I on sideline watching for opportunity.

Fing lol email me on your progress. Really like to hear how you are doing.

EURGBP CONNECTION

Monday, March 29, 2010

Here is a homework for some of you. Your task is to find the connection between EurGbp with Eur pairs (EurUsd, EurJpy) and Gbp (GbpUsd, GbpJpy) pairs. You can post in comments about your findings so that we can discuss. Discussion is always a good learning method since you are required to think and not spoon fed.

EURUSD has finally reached its top. Entry point for me is between 1.3450 - 1.3500. You can find a suitable entry point or wait for the pair to really go down and take your entry. At the moment that entry is still a high risk entry. I am giving an early heads up so you guys can prepare.

Btw dont post link or whatever you want to promote in comments. I will not allow it and there is no such thing as 100% accurate forex signal. When are you guys gonna get it. There is no such thing as 100% in life.

CHART ANALYSIS - EURUSD

Friday, March 26, 2010

I think I will give chart analysis from now on. Its easier to do and easier for you guys to get confused :). First up is EurUsd. Not very hard to trade actually once you know the direction.

Ok lets go to the confusing part. That is the charts.

There you go. Weekly chart for starters. Can any of you guess which way is EU going? From the looks of it, EU is really going down and its a fast one. Easy isn't it?

Next chart please. 1 chart isn't going to get anyone confused.

Next is the Daily chart. Guess what, daily is also pointing down but at the moment it is in oversold position. CCI is way down there and making a U turn. Expect correction at daily level. So far 2 charts says EU down with a correction coming.

Another chart. Anyone confused yet???

This is the hourly chart. We can see where the correction is. Its really climbing now. So before anyone get anymore confuse I would say wait for the hourly chart to point down then you sell. Plan for the worse hope for the best. Keep your money management tight and you may survive the storm.

Btw dont sell EU yet. That sell line is for me to mark S&R. If EU do go down next target is 1.30 and 1.25 based on S&R on weekly chart.

Now the question is, how long do we have to wait before selling EU. The answer is I dont know. Just wait and see. It is what Forex is. Anyone here still confused?? I do :)

Why Forex Trading is not the other?

1. If the money saved in local banks, small banks and interest according to the islam illegally, but safely.
2. If the funds in bank sharie, revenue sharing is not so great, but safe and legal.
3. If the funds invested in property (land or house), a substantial annual profit, but it was difficult to remove them or sell them if there is an urgent need.
4. If the fund stood or stored in vaults (such as praise), not going to grow and not safe.
5. If the fund invested in equities or indices, an important benefit, but the risk is very high losses for the moment.
6. If the funds are used to open a store or even a company store, take time to care for even one day weekend to go because at that time to reach a definite advantage and must be on time full.
7. If the fund has invested in the Forex, the substantial profit from the bank, we are safe because the funds are guaranteed broker and is not affected because the crisis could be one of two channels (can sell and buy directly).

What Forex Investment Risk does not contain?

Thursday, March 25, 2010

1. Forex Trading Risks Remain container, but the risk can be minimized, so that the serious and professional investors. (Investment without risk is a big lie).
2. Forex Trading are not how fortune in a split second. It takes patience, confidence and mental.
3. Need Forex Trading Financial Capital, an investment, because it's not free, not MLM, not a money game, nor a powerful business formula (which ebooknya Many items sold on the internet).
4. Forex Trading must have a desire to continue learning and the ability to make responsible decisions.
5. Forex Trading offers the opportunity for anyone to participate in the Forex market that took place 24 hours a day 5 days per week (Monday-Friday
).

Things of currency trading is not allowed in the rupture

Wednesday, March 24, 2010

1. Management Psychology (Psychology Trading): The mind and heart must be clear, should not be greedy.
2. Managing Money (Money Management): As soon as possible to lock the profit and loss reduced if the courageous stand taken contrary to the trend.
3. Discipline in the system (the Trust for the system): Also compatible with the method or usual trading system that we use, never give up.
4. Never, never stop learning, information, explore the system, and so do not hesitate to ask questions or seek help from a specialist (Master).

What is Forex?

Tuesday, March 23, 2010

Foreign exchange market is also called "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or simply referred to as "Spot" is the largest financial market in the world with a trading volume of over 4 billion dollars a day. If we compare this amount to 25 billion dollars a day trading volume on trade in New York Stock Exchange, then you can easily see how it changes. This could mean that the Forex is more than three times the total number of combinations of stocks and futures markets!

What is marketed in the forex market?

Monday, March 22, 2010

Is simply money. Forex Trading is one of the activities of buying and selling currencies currencies simultaneously. The currency traded through a broker or dealer and traded in pairs, for example the euro / dollar (EUR / USD) or the pound sterling and Japanese yen (GBP / JPY).

This trade could be a headache because you do not buy goods that are physically visible. Imagine that you are buying a currency as buying shares in a country. When you buy, for example, the Japanese yen, then you want to buy shares in Japan's economy, where exchange rates are a direct reflection of what the market thinks of the economic situation in Japan today and tomorrow.

ITS NOT PIPS BUT PROFIT IN FOREX

You can actually tell if someone is new in Forex by the way they count their pips or profit. When people starts forex they count pips. They can have hundreds of pips a day and yet their profit is low. This is due to the low risk reward ratio they have taken.

Once you are older in Forex, you will see the ratio. No point of taking hundreds of pips when the profit is low. So you start to take high risk high return trade. These trades do not give you high pips but the profit margin is high.

That is how money is to be made in Forex. You actually manage your risk and take profit from it. For today as of now, I already taken 3 trades. 2 profit trades and 1 lost trade. My account grows 37%. Not bad for a slow Monday.

For the answer to Forex, once you know it you will feel helpless. No matter how smart or brilliant you are it counts for absolutely nothing here. I have Banking and IT qualification. Did that help me? 2 different qualification did not help me one bit here. Made me want to cry when I found it out.

Hunt pips but count profit. Good Luck

About Forex

Sunday, March 21, 2010

Unlike other financial markets like the NYSE, there is no physical location or central administration of the Forex market. Called Forex Market Over-the-Counter (OTC) market or interbank, because the overall market managed by electronic systems, a network of banks, which lasted continuously for 24 hours.

Until the end of 1990, only "some people just Ornager, who can play on the Forex. The initial funds required for exchange is ten to fifty million dollars! Forex was originally intended for the baker and large institutions - and not the "little people", we dark. But with the development of the Internet, firms can be online Forex Trading Account Forex provides traders with small shops like us now.

Everything you need to start a computer, Internet connection, and the information contained in this blog.

Spot market is real?

Saturday, March 20, 2010

Spot market is a market transaction prices of financial instruments currently.












Spot market is a market transaction prices of financial instruments currently.

When a currency can be traded?

Friday, March 19, 2010

FX spot market is a very unique market. It's like a Super Wal-Mart is open 24 hours a day. Each time, somewhere in the world happened to financial resources, exchange occurs every hour day and night on the banks and other financial institutions.

NEXT UP EURGBP

EurGbp is going up so those of you who have the guts do buy EG at every dip refer to chart 1H or lower to view.

I got lots of email and calls asking me about the secret of forex and how to trade. What if I tell you the answer is not as u expected it to be. Some people even rejected the answer when I told them.

I dont blame them. When I found the answer I feel like Im going to cry. Its hard to accept something the logical mind cannot understand. In the mean time, take it slow and enjoy the ride.



People say seeing is believing. 2 post already TP. Another 1 more for weeks to come. Forgot to mention. Possible retrace at the price in the picture. So TP at will reentry on next low.

AN EYE ON AUDUSD

Thursday, March 18, 2010

AU manage to hold its level when both EU and GU fall down dramatically. Do look at the daily chart to see what I mean.

Some of your might not understand what it means and so do I :) Dont worry, the longer you are in Forex the more info you will filter out. This is coz some things are not worth understanding.

The reason I am pointing this out is when a pair is making a stand like AU, you can actually use it to your advantage. Advantages such as:

1. The next time AU decide to fall down there is a high probability the EU and GU will crash but there is a limit to everything.

2. The next time EU and GU start to climb, AU will fly.

Keep that in mind coz I do. I am waiting for the AU to fall or fly.

LOST IN FOREX

Wednesday, March 17, 2010

Have you ever been lost in Forex? Some of you might be thinking, how do i get lost in forex?? Let me ask another question. Have you ever open a trade in one direction, after some time open a trade in the opposite direction?

Im sure that happens to all of us, myself included :). That is lost in Forex, where we are unsure of direction of trade. Some people even hedge in the situation.

I have a few tips when you are lost in Forex.

1. If you are lost and dont know which direction to trade, the most important thing is to stop trading and do something else. Go plant a tree or play games. Dont even look at the charts anymore to avoid confusion.

2. Is to take a trading system and put it on multiple time frame. I trade using the same system on 3 timeframe. 15m, 1h, daily. When all three is pointing at the same direction then I trade. If 2 timeframe is pointing at the same direction then i scalp.

3. After sometime, your brain will start to imprint patterns of Forex. Forex has the same pattern over and over again. In our mind, that pattern has been imprinted and it influence our decision making subconsciously. Once you reach that state you will rarely get lost in Forex. You will know the exact time to trade or to get lost (do something else).

I will try to update this blog. Been so long and so busy with new place. As for Forex, USD pairs are going nowhere at the moment with a high probability to go down further. Good luck on your hunt for pips

AUDJPY: Profit Is My Density

Friday, February 19, 2010

No, that's not a typo. It's a rip-off of a line from the Back To The Future movie. Anyway, this post is another in the series of theoretical considerations with respect to various robot building strategies.In this scenario let's consider fixing our maximum total position size across a specific price range. For example, perhaps we are willing to purchase 10000 units per 1000 pips (remember, I'm

AUDJPY: Range Or Reversal?

Thursday, February 18, 2010

The AUDJPY has had a nice run just recently.However, the 1HR is showing a small double top. Obviously, we might be looking at the beginning of a range discovery action or perhaps even a reversal if we get renewed panic concerning Greece or similar situations.Be patient and look for good opportunities.Now if only I can take my own advice... ;)

AUDJPY: A Change Of Mind

Thursday, February 11, 2010

Finally, something has happened to lift the pall from the AUD/JPY market.What happened? The Australian economy showed signs of heat. We have recent employment numbers that absolutely blew away expectations.Apparently, today, the AUD/USD moved from a value that gave a 25% chance of a hike in march to a 50% chance of a hike in march. Do you remember me talking about the need for a upside

AUDJPY: Oh Oh

Thursday, February 4, 2010

While I've been talking about the cake being baked we've just done nice big double top over the course of October 2009 through February 2010 on the daily charts.Obviously, this doesn't have to "fire" but it does invite a big panic drop to retest the July 2009 low of 70.75 or so. Considering today's rapid plummet of 300 points at this point who can say.As I noted on my last post I do think people

AUDJPY: The Cake is Baked

Tuesday, February 2, 2010

Well, the RBA just decided not to increase rates.Recently, China decided to tighten up capital requirements for lenders.Also, there has been talk of taxing or otherwise restricting carry trade activities.Lest we forget, recent news in Australia is mixed.The US market has been skittish.Emerging markets have been very skittish.So, what am I trying to say?I'm thinking the cake is baked. You might

AUDJPY: Signs Of A Bottom?

Wednesday, January 27, 2010

First, I have to warn you, I'm eternally bullish on the AUDJPY. This means I'm wrong on my predictions a fair amount due to my long term viewpoint.With that said, I've noticed a chart sign that implies some possible upward movement. Take a look:It may not be easy to see, but notice how the recent tails, at 09:00, under the last few candlesticks did not project below the closing prices during a

AUDJPY: Poised?

Wednesday, January 20, 2010

I don't have time to snip a chart or anything, however I'd suggest taking a few moments to analyze the AUDJPY.What I see is the potential for a so-called "big W" on the 3 hour chart. You'll notice the right side of the W has a double bottom. If we do get the full "big W" we should see some dramatic upward movement over the week.Fundamentally, inflation, employment and other indicators in

 
 
 
 
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